October 2010

Little evidence fiscal austerity triggers growth

Economics writer Paul Mason has pointed to a powerful implied critique of the Spending Review in an IMF document published this month. Speaking as guest lecturer at a seminar for the New Political Economy Network on Monday night, Mason called for a “forensic” analysis of what he described as “the large theoretical variability” of the outcome of George Osborne’s fiscal tightening proposals.

Guest ·

More evidence housing market has lost its momentum

Figures released today by the Bank of England suggest households’ demand for borrowing remained weak in September. Net lending secured on dwellings (i.e. mortgage borrowing) increased by only £0.1 billion in the month and was just 0.8 per cent higher than in September 2009.

Tony Dolphin ·

Freezing of science budget could hit UK’s global reputation

The freezing of the £4.6 billion budget for scientific research could mean a cut of 8.9 per cent in real terms – though it could have been a lot worse, “it’s not as bad as we were expecting” being the common refrain among scientists at a Young Fabians policy network event this week on the impact of the Comprehensive Spending Review in on research and development and science.

Claire French ·

More misleading Mail migration claims

As the Government faces increasing resistance from business, universities and unions over its plans to cap skilled immigration, a study by the UK Border Agency (UKBA) reveals that only 25% of skilled migrants (Tier 1) were confirmed in skilled work and 29% of skilled migrants were working in low-skilled jobs. However - the UKBA data has been wildly misinterpreted by right wing newspapers, such as the Daily Mail.

Sarah Mulley ·
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