Skip to main content
Chatham House – International Affairs Think Tank logo Chatham House – International Affairs Think Tank

Popular searches:

  • Internship
  • China
  • Belarus
  • Brexit
  • Iran
  • Russia
  • Covid-19
Sign in Support us Search

Main navigation

  • Topics
    Back

    Topic Themes

    • Defence and Security
      Back

      Defence and Security

      • Arms Control
      • Drugs and Organized Crime
      • European Defence
      • Peacekeeping and Intervention
      • Terrorism
      • North Atlantic Treaty Organization (NATO)
    • Economics and Trade
      Back

      Economics and Trade

      • Drugs and Organized Crime
      • Brexit
      • BRICS Economies
      • China's Belt and Road Initiative (BRI)
      • International Finance System
      • International Trade
      • Investment in Africa
      • World Trade Organization (WTO)
      • G7/G8 and G20
    • Environment
      Back

      Environment

      • Agriculture and Food
      • Circular Economy
      • Clean and Renewable Energy
      • Climate Policy
      • Energy Access and Governance
      • Managing Natural Resources
    • Health
      Back

      Health

      • Access to Healthcare
      • Health Strategy
      • Coronavirus Response
      • World Health Organization (WHO)
      • United Nations
    • Institutions
      Back

      Institutions

      • World Trade Organization (WTO)
      • World Health Organization (WHO)
      • African Union (AU)
      • European Union (EU)
      • G7/G8 and G20
      • North Atlantic Treaty Organization (NATO)
      • United Nations
    • Major Powers
      Back

      Major Powers

      • China's Belt and Road Initiative (BRI)
      • America's International Role
      • China's Relations
      • US Domestic Politics
      • US Foreign Policy
    • Politics and Law
      Back

      Politics and Law

      • Brexit
      • US Domestic Politics
      • Democracy and Political Participation
      • Demographics and Politics
      • Human Rights and Security
      • International Criminal Justice
      • Refugees and Migration
      • Gender and Equality
      • Disinformation
    • Society
      Back

      Society

      • Drugs and Organized Crime
      • Brexit
      • Circular Economy
      • Human Rights and Security
      • Refugees and Migration
      • Civil Society
      • Digital and Social Media
      • Future of Work
      • Gender and Equality
      • Radicalization
      • Disinformation
    • Technology
      Back

      Technology

      • Digital and Social Media
      • Future of Work
      • Radicalization
      • Cyber Security
      • Data Governance and Security
      • Technology Governance
      • Disinformation
    View Topics A-Z
  • Regions
    Back

    Regions

    • Africa
      Back

      Africa

      • Angola
      • Central Africa
      • East Africa
      • Horn of Africa
      • Nigeria
      • Southern Africa
      • West Africa
    • Americas
      Back

      Americas

      • Canada
      • Central America and Caribbean
      • South America
      • United States of America
    • Asia-Pacific
      Back

      Asia-Pacific

      • Afghanistan
      • China
      • India
      • Japan
      • Korean Peninsula
      • Pakistan
      • South Asia
      • Southeast Asia
      • The Pacific
    • Europe
      Back

      Europe

      • Central and Eastern Europe
      • France
      • Germany
      • Turkey
      • United Kingdom
      • Eurozone
    • Middle East and North Africa
      Back

      Middle East and North Africa

      • Egypt
      • Gulf States
      • Iran
      • Iraq
      • Israel and Palestine
      • Libya
      • Maghreb
      • Syria and the Levant
      • Yemen
    • Russia and Eurasia
      Back

      Russia and Eurasia

      • Central Asia
      • Russia
      • South Caucasus
      • Ukraine
    View Regions A-Z
  • Events
  • Publications
    Back

    Publications

    • Books
      Books in the Chatham House Library.
    • International Affairs Journal
      Display copies of International Affairs at an event in Hamburg, Germany.
    • Journal of Cyber Policy
      A close up of the cover of the Journal of Cyber Security.
    • The World Today Magazine
      The World Today - Cover Oct/Nov 2020
  • Become a Member
    Back

    Become a Member

    • Associate Membership
      Nathan Robinson, editor of Current Affairs, speaks at our primer on Democratic Socialism.
    • Corporate Membership
      Amal Clooney speaks at our members event on the use of sanctions to protect journalists.
    • Individual Membership
      A member takes the opportunity to ask the panel a question at our event on the digital revolution.
    • Gift Membership
      Sir David Attenborough and HRH Queen at CH Prize
  • Leadership Academy
  • About us
    Back

    About us

    • Annual Reviews
      A guest tries on a virtual reality headset at our 2018 "Reinventing the Building" event.
    • Careers
      Woman offers a high five to co worker
    • Chatham House Rule
      Speakers at an event listen to a question
    • Contact us
      Woman with laptop and mobile phone
    • Our Departments
      Three guests at a Chatham House event
    • Our Funding
      A detail of the Chatham House front door
    • Our Governance
      Her Majesty The Queen's signature
    • Our History
      Sketch of Ghandi at Chatham House
    • Our Mission and Values
      Guests at the 2018 Reinventing Fashion event
    • Our People
      Robert Bosch Stiftung Academy Fellowship
Support us
Sign in Go to sign in

Breadcrumb

  1. Home
  2. Increasingly Apart

Increasingly Apart

Post-Crisis Growth Trajectories in the UK and Eurozone

Brexit threatens to undermine the very consumption-centric economic model that has enabled the UK to outperform the eurozone since the financial crisis.

Research Paper 7 November 2016 ISBN: 978 1 78413 175 3

Passengers board a Eurostar train at St Pancras station in London on 20 April 2010. Photo: Getty Images.
Passengers board a Eurostar train at St Pancras station in London on 20 April 2010. Photo: Getty Images.

Dr Paola Subacchi

Former Research Director, International Economics

  • Twitter

Paul van den Noord

  • Email Paul

Regions

  • Eurozone
  • United Kingdom

Departments

  • Global Economy and Finance Programme
Download PDF

You are viewing: Introduction

You are viewing: Increasingly Apart

Increasingly Apart
  • Summary
  • Introduction
  • 2. Gauging the UK/Eurozone Divide
  • 3. Divergent Policy Stances⌄
    • Monetary policy
    • Fiscal policy
    • Crisis resolution
  • 4. Structural Factors⌄
    • The responsiveness of the labour market
    • Immigration and demographics
    • Capital movements
  • 5. Conclusions
  • About the Authors
  • Acknowledgments
Loading, please wait

About the Authors

Paola Subacchi is director of the International Economics Department at Chatham House. She is an expert on the functioning and governance of the international financial and monetary systems, and advises governments, international organizations, non-profits and corporations.

She is the author of several books, reports and articles, a media commentator with the BBC, CCTV, Project Syndicate and the Financial Times, and the writer of regular columns for Foreign Policy and Huffington Post Italy. Her forthcoming book, The People’s Money: How China is Building a Global Currency, will be published by Columbia University Press.

Paola is also a visiting professor at the University of Bologna, a non-executive director of the FTSE-listed company Scottish Mortgage Investment Trust Plc, a governor of St Marylebone School in London and an advisory member of Wilton Park.

An Italian national, she studied at Università Bocconi in Milan and at the University of Oxford.

Paul van den Noord joined Chatham House as an associate fellow in 2014. He spent most of his career at the Organisation for Economic Co-operation and Development (OECD) in Paris, most recently as a counsellor to the chief economist. From 2007 to 2010, he was seconded as an economic adviser to the European Commission in Brussels.

He has published widely on fiscal and monetary policy, the political economy of reform, and European economic and monetary union. His publications include Economic Crisis in Europe: Causes, Consequences and Responses (Routledge, 2011) and numerous articles in academic journals. He holds a PhD in macroeconomics from the University of Amsterdam.

Paul van den Noord contributed to this paper in a personal capacity and any views herein solely belong to him or the co-author.

Back to top
Previous chapter Next chapter

Subscribe to our emails

To receive the latest content and events on the areas that interest you.

Follow us on social

  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Instagram
  • Subscribe to our YouTube channel
  • Follow us on LinkedIn
  • Follow us on Medium
  • Follow us on SoundCloud
  • Subscribe to our shows on Podcasts
  • Follow us on Flickr
  • Take an RSS feed of our content

Popular links

  • Careers
  • Chatham House Rule
  • Library
  • Press Office
  • Simulation Centre
  • Undercurrents Podcast
  • Venue Hire

Chatham House is a world-leading policy institute with a mission to help governments and societies build a sustainably secure, prosperous and just world.

Footer

  • Accessibility
  • Privacy Notice
  • Cookie Settings
  • Staff Access
  • Terms of Use

© Chatham House 2021