recession
Economic update – June 2011
The ippr's senior economist Tony Dolphin looks at the key economic indicators and reviews the state of the UK economy in his latest economic update for Left Foot Forward.
IMF backs Osborne – but warns of risks ahead
The International Monetary Fund today gave its backing to George Osborne’s public spending cuts and tax increases, and also highlighted the significant risks to growth and unemployment.
Top City journalist: Osborne needs to move on from cuts and restore growth
Leading City journalist Anthony Hilton has said the government needs to "move on from tough talk about cuts", and concentrate on restoring economic growth.
New Labour taxed and spent much less than Thatcher
Until the recession New Labour spent less as a proportion of GDP than Thatcher - any deficit was a result of taxing at a much lower rate than Thatcher did.
Strong exports keep the UK economy out of recession
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.
Higher inflation should not lead to an increase in interest rates
Consumer price inflation rose more than expected in April, reaching 4.5% - up from 4.0% in March - according to figures released earlier today by the ONS.