Economic update – May 2012: Osborne’s austerity strangles Britain
IPPR chief economist Tony Dolphin presents his latest Left Foot Forward economic update, for May 2012.
economy
Balls and Mandelson call for Britain to take lead on growth plan for Europe
Ed Balls and Peter Mandelson have cast past differences aside to join together this morning to propose a growth plan for Europe, reports Shamik Das.
Spending watchdog slams Regional Growth Fund waste
The government’s flagship Regional Growth Fund has today been slammed by the National Audit Office, reports Left Foot Forward’s Kevin Meagher.
What is our common purpose?
Former Exchequer Secretary to the Treasury Kitty Ussher writes about public services and the economy ahead of the Progress Annual Conference.
How the Tories became an endangered species in the North of England
IPPR North researcher Lewis Goodall reflects on the 2012 local election results in Northern England.
Unless we win the economic argument we can’t deliver social justice
The lesson from Labour’s 1992 election defeat is that unless the party wins the economic argument it cannot deliver social justice, writes Meg Hillier MP.
US economy grows as UK economy shrinks
As the UK economy descends into a double-dip recession, new figures today show the US economy continuing to grow, albeit it at a slower rate, writes Shamik Das.
Krugman: “Keynesians have been completely right, Austerians utterly wrong”
“The results are in: Keynesians have been completely right, Austerians utterly wrong – at vast human cost” – so wrote Nobel laureate Paul Krugman today.
UK double-dips for first time in 37 years; Balls: Government’s economic credibility “in tatters”
The opposition, press and economists turned on the government today for the UK’s descent into a double-dip recession for the first time since the mid-seventies.
OBR get growth projection wrong (again)
The OBR has got its growth projection wrong again. Last month they predicted growth this quarter of 0.3 per cent. Today’s figures show they are out by 0.5 percentage points.