We’re in a unique political economy, one in which there is no market discipline on the government pursuing the wrong economic policy. The sight of George Osborne starting his speech with the FTSE down 1.8% best illustrates the economists’ problem:test
Alex Hern argues that much of the chancellor George Osborne’s plans for economic growth will put the UK in a race to the bottom which it cannot possibly win.
George Osborne’s speech Tory party conferencetoday was (amongst other things) a transparent attempt to shift the blame for unemployment to workers’ rights.
Pete Challis explains how much more the rich benefit from a council tax freeze than the poor do.
Alex Hern addresses the conservative reaction to the agency workers directive and the financial transaction tax, both proposals coming from Europe.
Left Foot Forward’s Alex Hern looks at Ed Balls’s appearance on the Today Programme and looks ahead to his upcoming Labour party conference speech.
George Osborne’s strategy was 75% cuts and 25% taxes, but he forgot to add in growth; growth last year cut the deficit as much as cuts.
It’s time to set out the agenda for a managed but clear process for Greece, followed by other countries, to secede from European Monetary Union and the eurozone.
The IMF downgrades to UK growth today is awful news for those who are hoping to cut the deficit, explains Left Foot Forward’s Cormac Hollingsworth.
More gloom on the economy today: The IMF have downgraded UK growth by 0.6 per cent to 1.1 per cent in 2011, and from 2.3 per cent to 1.6 per cent for 2012.
