The return of the British Disease? The post-Brexit credible commitment conundrum

The outcome of Brexit is likely to be less investment because of less policy credibility – regardless of what type of relationship with Europe is agreed. What makes Britain particularly prone to economic policies that are not credible is its parliamentary system, writes Christopher Gandrud and demonstrates how UK investment worked before and after the UK joined the EU. He argues that to avoid going back to the less prosperous years, constitutional reforms will be necessary