Michael is an economist and regular blogger for the Socialist Economic Bulletin.
Lord John Hutton claims his report was about “sustainablility” but the word is only used once in the report - and yet now he’s spinning for Tories.
Michael Burke discusses how the coalition's economic policies represent a transfer of income from poor to rich, and how the Daily Mail are deficit dunces.
Alan Johnson yesterday set out plans for taxes on banks & banking which he says will raise £7.5bn by the end of the Parliament, but what should he spend it on?
British universities are in trouble. Lord Browne today proposes a huge cut in the Hefce budget, while the govt. plans to cut funding for scientific research.
There are innumerable claims from the Coalition government and its supporters that the source of the public sector deficit is Labour’s over-spending. But one graph, on the Treasury’s own website, demonstrates that assertion is untrue.
The recent Budget will not reduce the deficit. The experience of Thatcherism in Britain demonstrates that it won't, as well as the more recent experience of countries such as Ireland and Greece.