IFS urges Osborne to develop a Plan B
The respected Institute for Fiscal Studies think tank today urged George Osborne to prepare a ‘Plan B’ for fiscal consolidation in case growth prospects deteriorate.
economy
“Perverse” cuts to regional funding will set back growth
We can expect the chorus of business leaders calling for a change of direction to grow ever louder as we head towards next month’s budget, writes Kevin Meagher.
Economic update – February 2011
The year 2011 looks like being very tough as tax increases and spending cuts actually take effect, reports Tony Dolphin with the February economic update.
“Lacklustre” growth predicted as Osborne told to develop Plan B
The NIESR think tank predict “lacklustre” growth in 2011. They believe “there is a case for delaying some of the austerity programme” and urge the Chancellor to develop a ‘Plan B’.
Poll: Majority believe economy will worsen over next 12 months
53 per cent of the public believe the economy will worsen over the course of the next year – with only a quarter confident it will improve, according a new poll.
What an export-led recovery may mean for the world
In a downturn, export credits come to be seen as more important than ever, but ECGD needs radical reform if it’s to play any role in leading the UK out of recession.
Economists warn of risk of double dip following poor growth figures
Economists have warned of the increased likelihood of a double dip recession following the news that the British economy retracted by 0.5 per cent in Q4 2010.
Will Osborne be forced to rewrite his script?
The new economics foundation’s senior economist James Meadway delves into today’s GDP figures, and asks if the coalition will be forced to rewrite its script.
Osborne’s optimism looking less and less plausible
Today’s dire GDP numbers show that the government’s reckless gamble with the economy risks plummeting the UK back in to recession, writes Rachel Reeves.
British economy contracts again
Figures out today showed a contraction in the UK economy, shrinking 0.5 per cent in the fourth quarter of 2010, reports Shamik Das.