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.
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.
Following last month’s budget, the government’s reputation for economic competence has taken has taken another hit, writes IPPR Chief Economist Tony Dolphin.
IPPR chief economist Tony Dolphin presents his latest Left Foot Forward economic update, for April 2012.
UK fourth quarter GDP last year was downgraded this morning to a 0.3% shrinkage from 0.2%, with growth for the whole year revised down from 0.8% to 0.7%.
Rachel Smith, research analyst at Centre for Cities, looks at the impact of George Osborne’s Budget 2012 on the cities of the United Kingdom.
George Osborne’s budget has seen a complete change in the economic direction of this government, writes Left Foot Forward’s Cormac Hollingsworth.
For Labour, today, budget day, marks a challenge – namely to speed up the journey towards regaining credibility on the economy, writes Ed Jacobs.
Richard Carr of Localis calls on politicians from all sides to support the creation of a new National Infrastructure Bank to boost growth and the recovery.
Ahead of the budget, Laura Bradley, a researcher at the Institute for Public Policy Research (IPPR) argues tax cuts for the many, not the few will boost growth.
