austerity
The FT tears apart austerity economics (again)
Martin Wolf has a blistering piece in today's Financial Times (£) challenging David Cameron's stubborn adherence to austerity economics.
Responsible Capitalism: a European wave is building that Labour should ride
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 down in three months to March
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.
Debt has become a convenient cover for ideological cuts
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.
Osborne to miss deficit reduction target by at least two years, new figures suggest
Government borrowing will overshoot the chancellor's target by £8bn this financial year, according to predictions published today by PricewaterhouseCoopers.
Devolved governments unite to call for change in economic policy
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.