Economic Update – November 2011
Tony Dolphin does his monthly run through the economic indicators and what they mean for the British economy
Growth
“Underlying picture remains weak”, “paltry”, “bumping along the bottom” – growth reaction
Shamik Das rounds up the reaction to this morning’s growth figures.
Ignore Osborne’s spin; a jobs recession is inevitable
With the outlook for output growth deteriorating, it is hard to see how the UK can avoid falls in employment in the third and fourth quarters of 2010 – a jobs recession.
Fast spending cuts push economy from fastest quarterly growth for a decade towards zero
Today’s growth figures are the latest evidence the coalition’s rapid spending cuts have pushed the UK economy from the fastest growth for a decade towards zero.
Unprecedented growth of 1.3 per cent needed for OBR to meet its projection
Will Straw details what to expect from tomorrow’s OBR figures on growth, why they’re likely to be lower than predicted, and how that affects Osborne’s plans to continue his austerity programme.
Eurozone break up will be a disaster for jobs, growth and the environment
As the eurozone (EZ) lurches from one crisis to the next, the whole structure seems increasingly imperilled by its lack of political cohesion, writes George Irvin.
Gideonomics: A rogue chancellor fails to run the greenest government ever
Sustrans’s Eleanor Besley dissects the government’s abdication of David Cameron’s claims it will be the “greenest government ever”.
For every extra £4 spending is cut, it only cuts borrowing an extra 75p
The latest figures on growth (or lack of) are bad for the government’s deficit reduction plan; the government is terrible at cutting borrowing generally.
Nine economists tell George Osborne how to fix the country
Alex Hern runs through the alternatives presented to George Osborne in this weeks New Statesman.
Forget Grayling’s excuses: Record joblessness is solely the fault of this government
The TUC’s Richard Exell analyses today’s unemployment figures, explaining how they are directly connected to this coalition government’s current economic policy.