Tag Archives: recession

New cost of living figures show real effect of recession on pay

Money no copyrightj

Things are actually even worse than they seem.

Posted in Sustainable Economy | Also tagged , , , , | 2 Responses

Ireland, poster child for austerity hawks, slips back into recession

Ireland, Europe’s poster child for austerity, has slipped back into recession, and the country’s 2012 GDP has been revised sharply lower from +o.9 per cent to just +0.2 per cent.

Posted in Sustainable Economy | Also tagged , , , , , , , | 1 Response

Poorest will be hardest hit by downturn due to welfare reforms

The poor will be the hardest hit in the long-term by the economic downturn as a result of the government’s changes to the benefits system, according to the Institute for Fiscal Studies (IFS).

Posted in Good Society | Also tagged , , , , | 3 Responses

Will the end of Quantitative Easing trigger a second crisis?

Something strange has been happening in stock markets since 2008: they have been going up. Not just up, but absolutely flying. Through the prolonged failed recovery, unemployment, an investment crisis, the Fukushima crisis and the EU debacle, Wall street, still the market all else look to, has doubled in value.

Posted in Sustainable Economy | Also tagged , , , , , , , | 7 Responses

Bank of England confirms rich made richer by QE

Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?

Posted in Sustainable Economy | Also tagged , , , , , , , , | 4 Responses

No more blaming the eurozone: largest fall in exports is to non-EU countries

So much for the recession being made in the Eurozone. The latest figures from the Office for National Statistics (ONS) show that net trade is down and the largest fall in exports is to non-EU countries.

Posted in Sustainable Economy | Also tagged , , , | 4 Responses

Economic output down in three months to March

Economic output declined by 0.1 per cent in December, January and February, suggesting an economy that continued to flat-line in the first two months of this year, according to the latest data from NIESR.

Posted in Sustainable Economy | Also tagged , | 14 Responses

Osborne under increasing pressure to move to the right

The chancellor George Osborne is coming under increasing pressure from tory back benchers and the governor of the bank of England to pursue a more right wing agenda.

Posted in Sustainable Economy | Also tagged , , , | 3 Responses

Earnings now at same level as 2002 for squeezed middle

Real earnings have declined since 2009 and are at the same level as 2002.

Posted in Sustainable Economy | Also tagged , , , , , | 10 Responses

This depression is the longest in modern history, so why is the economy still creating jobs?

With today’s GDP figures confirming this is the longest depression in modern UK history, IPPR’s Spencer Thompson asks why the economy is still creating jobs.

Posted in Sustainable Economy | Also tagged , , , , , | 10 Responses
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