Author: Michael Jacobs

Blog: The UK economy needs fundamental reform

by Michael Jacobs

Last week’s announcement by the Bank comes at a time when the UK’s growth forecasts are being downgraded and average real wages are falling. The MPC’s warning is solely a reflection of its mandate to control inflation: since the EU referendum vote, the depreciation of the pound has been pushing [...]

Read more

Blog: We need to rethink economic policy to bring prosperity to the whole country

by Michael Jacobs

In the US, real median household income is barely higher now than it was in 1990 – despite growth of around 80 per cent in GDP in the same period. In the UK, half of all households have seen no meaningful increase in their incomes since 2005. Before taxes and benefits, only 10 per cent […]

Read more

Related Content

Blog: Don’t depoliticise inclusive growth!

That was the conclusion – both optimistic and pessimistic at the same time – that I drew at the end of a very interesting day spent in Glasgow two or three weeks ago as a delegate at what was described, with genuine national pride, as ‘Scotland’s Inclusive Growth Conference’.  It was highly [...]

Read more

Blog: The social economy is missing in strategies to create more i

We therefore need to also look at how we structure economic activity, whether to improve access to and create ‘decent jobs’, or to ensure that people share more fairly in the proceeds of ‘growth’. It was for this reason that the Joseph Rowntree Foundation (JRF) funded a piece of work that I was [...]

Read more

Blog: Why Rebuild Macroeconomics?

The Economic and Social Research Council (ESRC) has invested in a brand-new network to understand the macroeconomy. This is an extraordinary opportunity; we know of no comparable research funding anywhere in the world. Through our network, Rebuilding Macroeconomics, over the next four years we [...]

Read more

Video: Interview with Tom Kibasi and Michael Jacobs – a New V

Tom Kibasi, Director of the IPPR and Michael Jacobs, Director of the IPPR Commission on Economic Justice, talk with APPG chair Liam Byrne MP about the IPPR's new report on a New Vision for the British Economy.

Read more