This article reviews the main approaches to risk in psychology and sociology and considers recent developments. It shows that research continues from a wide range of perspectives. Some developments in psychological thinking have recently acknowledged the importance of the cultural framing of risk perceptions and responses and the positive power of emotions to manage uncertainties, while some streams of work in sociology have moved toward more individualist approaches. These converging processes open opportunities for cross-fertilization and for using insights from both disciplines in the development of research.

The Coalition programme includes restructuring public provision through reforms and cuts which will take public spending in the Britain below that in the US. This article explores whether the Coalition agenda is best understood as a new approach to Britain's deep‐seated economic short‐comings or simply as the normal politics of gaining and retaining power. It analyses the current government's programme, identifies the common features across the range of policies and discusses how they are likely to develop as they encounter set‐backs.

The 2010 Coalition has set itself the challenge of combining an unprecedentedly rapid and profound retrenchment with a fundamental restructuring of the public sector, both to be accomplished within five years. The immediate justification is a presumed need to reduce national indebtedness. The longer-term goal is to shrink the state, free up the market and set British political economy on a new course. The programme has encountered a number of set-backs and some elements appear more likely to be realized than others. This article considers the objectives of the Coalition programme and the likely outcomes, using evidence from a number of sources including comparisons with the experience of retrenchment elsewhere and analysis of previous rounds of public spending cut-backs.

Modern welfare states developed primarily to meet the ‘old social risks’ that confront the mass of the population during a standard industrial life course – retirement pensions, health care services, sickness and disability provision. Most analysis of the current wave of reforms focusses on these areas, and tends to emphasise retrenchment, restructuring, and decommodification. This book deals with the ‘new social risks’ that have now emerged alongside old social risks from changes in family life and work patterns – needs for child and elder care, new rights for women in relation to paid work, measures to ease the transition into paid work, particularly for unskilled people, and the problems of social exclusion arising for some groups from policies like pension privatisation. It offers an original approach of the implications for national and EU level social policy‐making and contributes to theoretical work in this area. The detailed national case studies are written by national experts and are based on analysis of policy during the past 15 years and more than 250 interviews with key policy actors. The book is organised in a common framework that enables comparison of the significance of different national welfare state regimes and political institutions. The book shows that (1) The recognition of new social risks and the structuring of policies to meet them are constrained by existing patterns of old social risk provision; (2) The politics of new social risks differs from that of old social risks. Most people are aware of needs in relation to the latter, leading to widespread pressure for more provision. The groups affected by new social risks are smaller, less politically cohesive, and less able to push for change; (3) New social risks policies offer the opportunity for governments to ‘transform vice into virtue’ by expanding the labour force and encouraging previously dependent groups (disabled and unemployed people) into productive work. For this reason, such policies are at the forefront of the EU level welfare reform agenda.