The state of the UK economy: Diagnosis, prognosis and recommended treatment

The UK economy has experienced a prolonged period of weakness over the last five years. John Van Reenen writes that the real problems for the UK are inadequate long-run investment in infrastructure, innovation and human capital. He argues that what Britain needs is an independent infrastructure body to recommend and deliver national infrastructure projects. Unfortunately, short-term expediency has once again trumped long-term reform.