Plan B + 1 (released a year on from the original Plan B document) maps out the UK’s continued economic stagnation, arguing that the Government’s Plan A has failed on its own terms because two and a half years after the Coalition took office, its central self-appointed aim of closing the “structural deficit” is further away than when it first came to power. This is because austerity is leading to stagnation which in turn makes the deficit worse.

The document also systematically debunks reasons given by the Government and its allies for lower than expected growth and spells out why the latest measures, “Plan A Plus” are not enough.

Finally the document outlines what could be done to help the UK emerge from this economic malaise including green capital investment, tax and benefit reform to boost demand, progressive labour market reform, a greater role for industrial democracy and reform of banking and capital markets.