It’s time for Spain’s indignados to grow up
United Left needs a resounding endorsement, shouted loud and clear from the streets, if radical change in Spain is to have a fighting chance.
austerity
UK performing worse than all but one G7 country in ‘global race’
The UK is experiencing a slower economic recovery than 23 of the 33 advanced economies monitored by the International Monetary Fund (IMF) and is lagging behind all but one G7 country on exports, wage growth and manufacturing, according to new analysis published today by the TUC.
Majority of the public believes coalition’s economic plan has failed, according to new poll
A majority of the public believes the government’s economic plan has failed and that it will be ‘time for a change’ in 2015, according to a ComRes survey for tomorrow’s Independent.
George Osborne fails on George Osborne’s terms
George Osborne fails on his own terms.
Rather than a dose of steroids, the economy needs a more eclectic approach
In many ways, the fate of SMEs (small and medium size businesses) has come to define the current economic crisis. Across the political divide there is widespread enthusiasm for supporting this sector because it holds the key not just to improved growth figures but a more balanced, resilient and dynamic capitalist economy.
Once again on Labour’s ‘out of control’ spending
Some things are worth repeating because they are that important and some things should be repeated because they were not heard, or listened to, the first time. Some fall under both categories.
Coalition presides over shocking increase in number of people using food banks
The number of people using food banks to make end meet has skyrocketed this year, according to new figures released today by the Trussell Trust.
Whether the country experiences a ‘triple dip’ or not the writing is on the wall
This Thursday we will find out whether or not the UK economy is in an unprecedented triple-dip recession. Economically, however, whether the country finds itself in a triple dip recession or not is largely symbolic – the chancellor’s austerity policies are failing and there is every chance they will go on failing unless he injects some stimulus into the economy.
Pimco chief slams austerity in interview with FT
Bill Gross, manager of the world’s largest bond fund for Pimco and one of the most widely followed and influential voices in the bond market, has attacked the UK’s and Eurozone’s austerity measures, saying that austerity is not the way to induce growth.
When economists are wrong we all suffer. And we now know the debt obsession is wholly misplaced
It was argued by Reinhart- Rogoff that high debt essentially meant that the state captured all resources, used them inefficiently, prevented the private sector using them and so curtailed growth at cost to everyone. There’s just one problem.