Theme: Political Economy | Content Type: Journal article

Building Everyday Wealth for Britain's Communities: A Labour Alternative to Levelling Up?

Sarah Longlands


Nattanan Kanchanaprat

| 1 min read

Community wealth building provides an important counterpoint to the orthodoxy of place based economic policy in the UK. It puts forward a framework for economic change which shows that local areas can intervene effectively to build wealth from within so that they are less reliant upon extractive forms of economic development. Instead, wealth building within a community is about recognising the wealth that already exists in an area and intervening to encourage that wealth to flow more readily, particularly from capital to labour. This article explores the background to the development of community wealth building in the UK and its connection with the debate on the everyday economy. It finds that there is a close alignment between the objectives of building wealth and the everyday economy, particularly in areas which not only feel ‘left behind’, but arguably, who have been kept behind by a policy regime which has actively dismantled their sense of place, agency and identity, and in turn, devalued the role and purpose of the businesses and economy that already exists, in favour of elusive ‘growth’ and/or ‘pioneer’ sectors.

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Volume 94, Issue 4

Latest journal

Volume 94, Issue 4

Includes a collection on Scottish Politics After Sturgeon, edited by Ben Jackson and Anna Killick. This features articles such as 'Independence is not Going Away: The Importance of Education and Birth Cohorts' by Lindsay Paterson; 'Diary of an SNP First Minister: A Chronopolitics of Proximity and Priorities' by Hannah Graham; and 'Politics, the Constitution and the Independence Movement in Scotland since Devolution' by Malcolm Petrie. There are a wide range of other articles including 'Unlocking the Pensions Debate: The Origins and Future of the ‘Triple Lock’ by Jonathan Portes and 'The Politics of England: National Identities and Political Englishness' by John Denham and Lawrence Mckay. Finally, there is a selection of book reviews such as Branko Milanovic's review of Equality: The History of an Elusive Idea by Darrin M. McMahon, and Alexandre Leskanich's review of Cannibal Capitalism by Nancy Fraser.

Find out more about the latest issue of the journal