We need to invest in infrastructure if we are going to reduce the deficit
The public sector cuts have led to a lack of investment, and now we are paying the price as the deficit refuses to be reduced, writes Cormac Hollingsworth.
Cormac Hollingsworth
Website Cormac writes for Left Foot Forward on the economy; he is an economic policy consultant who previously worked as an MD at a European investment bank.
“Unrealistic assumptions”? Who is Mr Osborne talking about?
Last night, Geroge Osborne never named those he felt should be busy re-examining their view of the world. Could it be that the answer lies close to home?
The carpetbaggers have their eyes on free schools
We should be very suspicious Nick Clegg used the phrase “profits” in the context of free schools yesterday, writes Left Foot Forward’s Cormac Hollingsworth.
Head bond vigilante brands Osborne’s strategy economic “suicide”
Gidoen Osborne’s economic strategy has been savaged by the head bond vigilante Bill Gross, branding it “suicide”, reports Left Foot Forward’s Cormac Hollingsworth.
Ed Milliband’s call for global action to kickstart economy backed up by IMF
Ed Miliband’s call for an emergency G20 summit in September is backed up by an important year-long project undertaken by the IMF, writes Cormac Hollingsworth.
Higher borrowing than under Labour threatens credibility of UK plc.
While the coalition is pointing to not needing to borrow in July, the City now expects the coalition to borrow £10 billion more than the OBR prediction.
How likely is 10% unemployment?
It will take just 660,000 further job losses to bring the UK to 10% unemployment; we are much closer to the ‘1 in 10’ unemployment disaster than you might think.
The West’s lost decade has begun
Today, US 10-year government bond yields traded below a critical 2% yield level, a record low – the west has entered a period of stagnation.
Markets are telling Osborne to increase spending
Despite a record low for government bonds, the treasury refuses to release the purse strings, condemning us to a ‘paradox of thrift’
The coalition could end up borrowing more than Labour
If the economy continues to stagnate, the coalition could borrow more than Labour this year, writes Cormac Hollingsworth.