
The madness of more of the same
The gravest global economic crisis since the 1930s was clearly a crisis of the private sector – yet it is the public sector which is getting the blame and must be cut.
The gravest global economic crisis since the 1930s was clearly a crisis of the private sector – yet it is the public sector which is getting the blame and must be cut.
Leading City journalist Anthony Hilton has said the government needs to “move on from tough talk about cuts”, and concentrate on restoring economic growth.
The UK economy grew by 0.5 per cent in the first quarter of the year, according to the second GDP estimate released by the Office for National Statistics today.
David Davis comes out today as an unlikely Keynesian. In today’s Times he sets out the case for utilising Britain’s unemployed to lay superfast broadband.
Germany is growing at 1.5% while France is at 1%. By comparison, the UK grew at just 0.5% in the same period and much was due to the snow bounce.
A leading economic think tank has warned that falling growth means government will miss its deficit reduction target. They predict growth in 2011 of 1.4%.
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.
Kevin Meagher weighs up the benefits of the coalition government’s regional growth fund; finding a positive focus but a lot left to be desired.
Behind today’s headlines on the IMF downgrading Britain’s expected growth levels, lie reams of data and analysis about the state of the world economy.
A cohesive civil society alternative to the coalition’s cuts programme is required now more than ever after the mass demonstration on March 26th, according to the New Political Economy Network.