Youth unemployment: experience of work does matter
Spencer Thompson explores the issue of youth unemployment and why it is more and more young people are struggling to gain employment.
economy
Wages stagnate – UK now in the Euro relegation zone
The media might be talking about “booming Britain”, but the reality for millions of workers is very different. New data shows how far wages have fallen in the UK.
The UK has among the best renewables resources in the world. Do we really need fracking?
Judging by yesterday’s announcements, the government believes the hype about shale gas. Like a love-struck teenager it seems blind to any downsides and is lavishing its beloved with gifts such as tax breaks and streamlined regulation.
Fracking: It’s economics stupid
Today, at 6AM in a release barely more than a paragraph long, the Treasury announced that the British Geological Survey (BGS) had found 1300trn cubic feet worth of shale gas trapped in the rocks beneath Lancashire.
Ireland, poster child for austerity hawks, slips back into recession
Ireland, Europe’s poster child for austerity, has slipped back into recession, and the country’s 2012 GDP has been revised sharply lower from +o.9 per cent to just +0.2 per cent.
‘Absurd’ to read significance into today’s GDP revision, says ONS
The UK economy did not enter a double dip recession at the beginning of 2012, according to new figures from the Office for National Statistics (ONS).
SNP currency plans threaten future stability of Scottish economy
Attempting to put in place an economic system without a fully-functioning central bank or convincing currency arrangements to underpin it, or without the knowledge of whether such a system would be compatible with admission to the EU or not, is like a ship setting sail for voyage without the security of its sheet anchor.
February worst month for construction since October 2009
UK construction sector had its worst month in February since October 2009, according to new data from Markit/CIPS. New work has fallen for the ninth consecutive month, the report says, and February data pointed toward a sharper slide, with thetest
Earnings now at same level as 2002 for squeezed middle
Real earnings have declined since 2009 and are at the same level as 2002.
More spending cuts on the way if coalition is to meet savings targets
If the coalition is to meet its spending targets it will have to make further cuts to departmental budgets.