
The treasury friendly Niesr graph
Here we have the fully adjusted, treasury-friendly Niesr economic graph which takes account of Britain’s economic realities.

Here we have the fully adjusted, treasury-friendly Niesr economic graph which takes account of Britain’s economic realities.

A year ago, Ed Miliband set out his vision of Responsible Capitalism, saying Labour was “determined to stand up against the vested interests that are imposing a surcharge culture on people”. In the past few weeks in Germany, the German trade union movement (DGB) has developed the idea of a new Marshall Plan for Europe. It is this kind of joined up thinking that we urgently need to build a credible alternative to austerity.

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.

We must be watchful of a spinning of facts by this government to justify its policies. Nowhere has this been more apparent than when Cameron and co talk about government borrowing.

Manufacturing and production see falls in output in January

Government borrowing will overshoot the chancellor’s target by £8bn this financial year, according to predictions published today by PricewaterhouseCoopers.

National Apprenticeship week is a great opportunity to celebrate all that is good about our apprenticeships. It is imperative that the government ensure that apprenticeships are not only targeted to work for our young people, but that they provide decent, sustainable routes into employment across the UK, ensuring that our economy as a whole benefits just as much in the North as in the South.

The devolved administrations have united to call on the UK government to adopt Vince Cable’s call for much greater expenditure on infrastructure to boost growth.

There’s an important fact that’s lost in the debate about economic policy. It’s that counter-cyclical policy is nothing like sufficient. Perhaps we need something radical.

Four people are chasing every job in England, Scotland and Wales, and in some areas more than 10 jobseekers are chasing each vacancy, according to a new survey.