Harold Wilson said that he was at his best ‘in a messy, middle of the road muddle’. I think this speaks to many of the ways we actually do policy in England. It might not be perfect, it might not get your heart racing, it ain’t sexy, it’s not ideologically left or right, but at the end of the day, we tend to just muddle through in a messy way.
‘If we want to do things at city or community level the financing is driven by what’s happening in the global market,’ says Ted Fowler. ‘We need to create new financial institutions that are focused on the needs of local places.’