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.
economy
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.
Osborne’s expansionary fiscal contraction has failed
Following last month’s budget, the government’s reputation for economic competence has taken has taken another hit, writes IPPR Chief Economist Tony Dolphin.
Economic update – April 2012: Coalition failures put Britain in the slow lane
IPPR chief economist Tony Dolphin presents his latest Left Foot Forward economic update, for April 2012.
Is George Osborne questioning capitalism?
Is George Osborne joining other Tories who have lately voiced concerns about capitalism, indeed is he suggesting capitalism itself is “morally repugnant”?
The coalition will pile on more debt than any modern government
Cormac Hollingsworth explains how the coalition, which came to power pledging to eliminate the deficit, will pile on more debt than any modern government.
Is Osborne leading us to a double- or triple-dip?
In the wake of the OECD’s forecast the UK will experience a double-dip recession, the question now is whether or not we are experiencing a triple-dip.
Poll: Regional public sector pay differentiation unfair and will harm economy
A new poll has revealed public opposition to plans for public sector pay differentiation, believing them to be both unfair and harmful to regional economies.
Is there a new ‘Black Wednesday’ around the corner?
The OECD today forecast Britain was back in recession, with the economy expected to shrink by 0.1% in Q1 2012, following the 0.3% contraction in the Q4 2011.