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Sorry, We Have No Money - Britain's Economic Problem Paperback – 20 Oct 2010


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"Thoughtful and well researched." --Sunday Times, 2010, David Smith, Economics Editor

"An interesting and timely book... All main party politicians are signed up for Mr Lightfoot's direction of travel, so they should look to this book to understand a little more why it might be a good idea to cut the proportion of public spending in national income." --Rt. Hon. John Redwood MP, Chairman of the Conservative Economic Affairs Committee

"This book is a timely reminder of how little the UK's problems have to do with individual bank failures, recession and the business cycle. Warwick Lightfoot provides a clear and balanced account of the last few decades' dilemmas, controversies and policy choices; and argues convincingly that we should revisit the analysts and analyses of the 1970s as a guide to future action ." --Professor Alison Wolf, Sir Roy Griffiths Professor of Public Sector Management, King's College, London

"This publication could hardly be better timed ... Lightfoot is especially persuasive on the damaging effect a large state has had on the economies of the UK's old industrial regions." -- Wall Street Journal, David Cottle

"This is as good an analysis as you will find of the need to reduce the level of Britain's public expenditure, not just to solve the current debt crisis, but in the long term." -- Ben Patterson, former MEP and Vice-Chair of the European Parliament's Economic and Monetary Affairs Committee

About the Author

arwick Lightfoot is a professional economist with specialist interests in monetary policy, public expenditure, taxation and labour markets.

Formerly the economics editor of The European, he was for many years a frequent contributor to the Wall Street Journal and has written for the Financial Times, The Times, Sunday Times, the Daily Telegraph, Sunday Telegraph, and the Guardian. His articles on economics and public policy have also been published in specialist journals that range from Financial World, International Economy, and Investors Chronicle to the Times Literary Supplement and the Journal of Insolvency Practitioners.

Warwick worked in government as Special Adviser to the Chancellor of the Exchequer from 1989-92, initially appointed by Nigel Lawson and later reappointed by John Major and Norman Lamont. He was also Special Adviser to the Secretary of State for Employment, the Rt Hon Norman Fowler MP. He is a Councillor for the Royal Borough of Kensington and Chelsea.

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