GDP figures confirm economy is stagnating
The second estimate of Q2 GDP growth released today confirms that the economy expanded by just 0.2 per cent, reports IPPR senior economist Tony Dolphin.
economy
Higher borrowing than under Labour threatens credibility of UK plc.
While the coalition is pointing to not needing to borrow in July, the City now expects the coalition to borrow £10 billion more than the OBR prediction.
CBI survey shows glimmer of hope in UK manufacturing
The latest survey of manufacturing published yesterday by the CBI represents a glimmer of hope in the gloom, writes IPPR’s Tony Dolphin.
Corporation tax – devolution too far?
The FT has once again ignited the debate over whether Northern Ireland, and also Scotland, should be given the powers needed to lower corporation tax.
How likely is 10% unemployment?
It will take just 660,000 further job losses to bring the UK to 10% unemployment; we are much closer to the ‘1 in 10’ unemployment disaster than you might think.
Britain is bottom of the G7’s growth table
Britain is bottom of the G7’s growth league table. Excluding earthquake-hit Japan, Britain is growing more slowly than every other major developed economy.
Has the coalition lost the plot on growth?
Following the depressing growth figures, coalition big wigs have been keen to offer their hapoth’s worth to George Osborne with a series of bizarre ideas.
The coalition could end up borrowing more than Labour
If the economy continues to stagnate, the coalition could borrow more than Labour this year, writes Cormac Hollingsworth.
Tory Right’s “deregulation zealots” threatening UK’s green growth
The people dubbed “deregulation zealots” and “right wing ideologues” by energy secretary Chris Huhne have seemingly won another battle inside government.
IoD: Wales feels like it’s back in recession
The head of the Institute of Directors in Wales says that though we’re not back in recession, with the dismal growth we’ve seen “it might feel as though we are”.