Krugman: “Keynesians have been completely right, Austerians utterly wrong”
“The results are in: Keynesians have been completely right, Austerians utterly wrong – at vast human cost” – so wrote Nobel laureate Paul Krugman today.
Growth
UK double-dips for first time in 37 years; Balls: Government’s economic credibility “in tatters”
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.
OBR get growth projection wrong (again)
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.
Osborne’s expansionary fiscal contraction has failed
Following last month’s budget, the government’s reputation for economic competence has taken has taken another hit, writes IPPR Chief Economist Tony Dolphin.
Economic update – April 2012: Coalition failures put Britain in the slow lane
IPPR chief economist Tony Dolphin presents his latest Left Foot Forward economic update, for April 2012.
Another day, another downgrade
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%.
Budget 2012: Some welcome news for cities, but questions remain about jobs and growth
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.
Budget 2012: Tippex still wet on the coalition agreement
George Osborne’s budget has seen a complete change in the economic direction of this government, writes Left Foot Forward’s Cormac Hollingsworth.
Budget 2012: Can Ed and Ed restore Labour’s credibility?
For Labour, today, budget day, marks a challenge – namely to speed up the journey towards regaining credibility on the economy, writes Ed Jacobs.
Left and right should unite to support the creation of a National Infrastructure Bank
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.
