The need for supply side socialism
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.
austerity
Four chasing every UK job
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.
Vince Cable’s New Statesman article makes plain the need for a new economic strategy
Against the backdrop of the loss of the triple-A rating much coveted by Conservative Ministers – and trivialised by others – Cable is right again. Wednesday’s remarkable New Statesman article makes plain the case for a new economic strategy, and the need for as elegant as possible a reversal of Osbornomics that was itself eclipsed by Cable in the economic debates of 2010.
Britain will be left behind if it doesn’t support the financial transaction tax
It’s time Britain joined the other major economies of Europe in introducing the Financial Transactions Tax to help pay down the deficit. The other option is to continue to cripple its poorest citizens.
David Cameron is being totally disingenuous on food banks
Yesterday during Prime Minister’s Questions, David Cameron responded to a question on food banks by claiming that the use of food banks increased “ten times under Labour”.
When Cameron says this he is factually correct. He is being totally disingenuous, however.
Cable turns on coalition’s economic strategy
In an article in the New Statesman Vince Cable has conceded that debt-funded investment in infrastructure “may assist in reviving growth”.
British workers see biggest fall in wages among wealthiest countries
British workers have suffered the biggest fall in the value of their wages of any of the world’s wealthiest countries, according to a new study from the TUC.
There is no disguising the fact: these are disastrous figures for the chancellor
Today’s figures from the ONS confirm that GDP fell by 0.3% in the fourth quarter of 2012. Whilst the upward revision is obviously good news, there is no disguising the fact that these are disastrous figures.
FT pulls apart austerity economics
The Financial Times has this morning produced a blinding set of graphs which highlight how fiscal austerity has negatively impacted on the GDP of various European economies.
The human face of austerity: Coalition presides over shocking food bank rise
Figures obtained by Left Foot Forward show the coalition has presided over a shocking growth in the number of people using food banks to feed themselves and their families.