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Devalue or Else - a new OurKingdom debate on the British currency
With a troubled future ahead for the UK, could devaluation hold the key to a more balanced and productive economy? Throwing up a range of political and economic questions beyond the tired dichotomy of...
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A price that matters
Reproduced with thanks to Civitas, in this 2012 pamphlet John Mills sets out the case for devaluation as the best means of returning the British economy to balance and prosperity. It is published here...
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Devaluation is no panacea
The opening response of our Devalue or Else! debate, Robert Skidelsky addresses the arguments of John Mills and suggests devaluation has many potential problems as a means of restoring Britain's...
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Mills replies to Skidelski: without more devaluation nothing will turn round...
In this thoughtful reply to Robert Skideslky, John Mills examines the UK's trade performance post-crash and argues that, though requiring a more rounded industrial policy as a whole, any measures taken...
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Why devaluation could reduce inequality
It is not just Britain's balance of trade that would be aided by a substantial devaluation but also inequality and the host of ills it brings with it. John Mills explains why in this second round of...
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Devaluation could exacerbate inequality rather than reduce it
Continuing our Devalue or Else series, Tony Curzon-Price replies to John Mills, arguing that further devaluation could even increase the earnings divide across UK industries. Could this effect be...
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Mills responds to Curzon-Price on productivity, wages and the UK's low earners
We may not be able to do much about the top decile protecting their earnings, but we can drive the bottom up if we focus on areas of existing strength in productivity - here's whyIn his recent reply to...
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Norman Tebbit exchange with John Mills - how to fix Britain's industry
John Mills and Norman Tebbit discuss Britain's approach to manufacturing, home-grown industry, foreign ownership of assets, the exchange rate, and re-examine the choices of former governments and how...
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Foreign ownership of British assets has damaged our economy
Unlike any other developed nation the UK has sold off considerable amounts of its major industries and assets to overseas owners. This has weakened democratic control of industry, inflated our exchange...
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"Currency war" rhetoric obscures the real need for realignment
Global economy remains so imbalanced that significant currency shifts are needed, not only to help pull the West out of its slump but to ensure a stable and viable world for us all.Image: Vladimir...
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Why cutting expenditure won't reduce the UK's deficit
The deficit is the consequence, not the cause, of Britain's financial problems. Reducing it would require big increases in spending from corporates and consumers. Could the trade balance component be...
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Is devaluation of sterling the answer to Britain's economic woes?
In his new book John Mills makes a strong case for a British devaluation of sterling but we must start thinking about the socio-political foundations which shape our dysfunctional economy - you can't...
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Response to Curzon Price on a British devaluation
Devaluation alone is not the solution to the UK's economic woes. But it is the necessary foundation needed for other policies to work.Flickr/Ihongchou. Some rights reserved.I am really grateful to Tony...
View ArticleNeither Corbyn or the others will end austerity in Britain unless they...
None of the Labour candidates has an economic approach that will prove viable but it is essential to oppose austerity, what is the solution?The Labour leadership campaign came alive when Jeremy...
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