Duncan Weldon
Duncan writes on the economy and economic policy. He is an econmist and has worked at the Bank of England, as a Partner in a fund management firm and for the Labour Party; Duncan currently works for an international trade union.
Osborne: Banks must rebuild balance sheets, and they must not
George Osborne says that banks must be stopped from paying bonuses as they need their profits to rebuild their balance sheets while at the same time it would be a bad thing if banks increased their profits to rebuild their balance sheets.
Ireland’s budget balancing hurts economy
Last Autumn, at the height of the financial crisis, the Labour Government launched a fiscal stimulus despite falling tax revenues. The Irish responded in the opposite manner by cutting back spending and raising taxes.