GDP
New Labour taxed and spent much less than Thatcher
Until the recession New Labour spent less as a proportion of GDP than Thatcher - any deficit was a result of taxing at a much lower rate than Thatcher did.
GDP figures show economic growth has ground to a halt
The eagerly awaited GDP figures for the first quarter of 2011 show that output is only back to the level of the third quarter of 2010. In effect, economic growth has ground to a halt.
The UK’s “maxed out credit card” myth
Mark Anderson analyses the current financial situation and explains why devastating, savage Tory cuts are the last thing we need.
Osborne’s intellectual leap of faith
Today, The Times' Anatole Kaletsky has a must read piece dismantling the similar theory of 'Ricardian Equivalence' ... using Ricardo's own words.
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.