Prosperity Through Growth by the US economist Dr Arthur B Laffer, inventor of Laffer Curve (his eponymous curve); policy campaigner  Matthew Elliott, businessman and former chief executive of Vote Leave campaign, Michael Hintze a high profile asset manager, and founder of the Centre for Economics and Business Research, Douglas McWilliams, although is a would-be Conservative idea for growth, who has no answer to the populist right, but the philosophy is a collection of old ideas, similar to what Keith Joseph suggested for Margaret Thatcher in the 1970s.

Their policy begins by setting out principles of ideal economic policy- the “North Star” of prosperity through growth and applies them to the UK’s current position, in the age of autocracy and AI, in which political decisions in democracies are constrained and talented and entrepreneurial people are increasingly mobile, making economic incentives even more important.

The authors interviewed more than thirty economic decision-makers  from the world’s of business, politics and the civil service, including five Prime Ministers and nine chancellors which give insights into economic and political causes of low growth and provide a definitive strategy for implementing a pro-growth agenda.

A specially commissioned research reveals how the UK is forecast to slide down the league table of GDP per capita over the next twenty-five  years. Although the slide is inevitable, the book outlines a fully costed and modelled 24/7 growth plan to reveal how the decline can be averted.

While Labour government however ahead of next month’s Budget, is seeking ideas to increase taxes, this book makes the compelling case for slashing them. Laffer shows how the tax revenues decline when rates go too high, and the answer is to have low taxes, a restrained public spending, minimal regulation and free trade.

Boris Johnson blames the failure of Brexit on his chancellor Rishi Sunak, as the world was selling Sterling, he says all that was needed was a big “Buy Here” sign to the rest of the world. But Sunak says the world is not as pro-free trade as it was, so Brexit benefits are smaller than hoped.

The book claims democracy and good economics are uncomfortable bed fellows and thing would be much easier if we had an autocratic system of government in the UK.

Prosperity Through Growth by Arthur B Laffer, Matthew Elliott, Michael Hintze and Douglas McWilliams, Biteback £25, 448 pages.