Prosperity Through Growth is a primer for reviving the UK economy. Co-authored by the celebrated US economist Dr Arthur B. Laffer, inventor of the Laffer curve, along with Matthew Elliott, Michael Hintze and Douglas McWilliams, it begins by setting out the principles for ideal economic policy - the North Star of prosperity through growth - and then applies them to the UK's current position.
The thinking takes account of the 'Age of Autocracy and AI', where political decisions in democracies are constrained, and talented and entrepreneurial people are increasingly mobile, making economic incentives even more important.
The final section of the book draws on interviews with thirty-five economic decision makers from the worlds of business, politics and the civil service, including five Prime Ministers and nine Chancellors. The interviews give insights on the economic and political causes of low growth and recommend a strategy for implementing a pro-growth agenda.
Specially commissioned research for the book shows how the UK is forecast to slide down the league table of GDP per capita over the next twenty-five years. The book argues that such a slide is not inevitable and outlines a fully costed and modelled '24/7 Growth Plan' to show how the decline can be averted.
The book will be published before the UK's Autumn Budget, where the Chancellor is likely to be forced to make difficult choices, hemmed in by past commitments, unsupportive backbenchers and financial markets which are starting to scent blood. Its timing couldn't be more appropriate.
