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.
economy
‘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.
Why are British workers getting less productive?
The IFS produced a new report today examining why British workers are getting less productive.
Watch: Miliband flays Cameron on the economy at PMQs
Following Friday’s poor growth figures, Ed Miliband went after David Cameron on his failing economic record at today’s Prime Minister’s Questions.
Clegg wrong to claim Labour would have cut capital investment at same rate as government
OBR figures show Nick Clegg was wrong to claim Labour would have cut capital investment at the same rate as the government.
Osborne: Blames the snow and eurozone when growth is down, takes the credit when it’s up
Chancellor George Osborne is the ultimate political swindler, taking credit for when the GDP figures are good, not taking the blame when they’re bad.