The ‘recovery’ in the wider economy is not being matched by rising real wages or rising living standards, instead the demand-constrained UK economy might be stumbling into a lower wage, lower productivity growth model with serious implications for living standards in the future.
This table has just been published by the OECD and shows the “tax wedge” taken from employment earnings for all 34 OECD countries.
Unemployment rose by 15,000 between January 2013 and March 2013 to 2.52 million, with the unemployment rate rising to 7.8 per cent, today’s labour market statistics reveal.
It’s interesting that, in his column for today’s Telegraph, Boris Johnson has cited the German economy as the measuring stick against which Britain should compare itself.
If Labour is to provide the genuine green alternative to the Tory luddites, they must highlight the missed economic opportunity of a low-carbon economy, using the top economic voices in the party. Lower and more stable bills help our companies compete, while low-carbon infrastructure itself is a key growth area in jobs and investment.
The UK is experiencing a slower economic recovery than 23 of the 33 advanced economies monitored by the International Monetary Fund (IMF) and is lagging behind all but one G7 country on exports, wage growth and manufacturing, according to new analysis published today by the TUC.
perhaps there is a form of growth which it is possible to sustain – ‘green growth’ – and if there is, we all need to know what it would look like. And if it’s impossible, we need to know that too.
In the next few days, and for the first time in human history, the concentration of CO2 in the atmosphere will hit 400 parts per million (ppm), a level long seen as critical in measuring the damage done to the earth by man-made pollution.
There has been lots of discussion recently about how much more the ’1 per cent’ earn than everyone else. There has been less attention paid to how much more they own.
Attempting to put in place an economic system without a fully-functioning central bank or convincing currency arrangements to underpin it, or without the knowledge of whether such a system would be compatible with admission to the EU or not, is like a ship setting sail for voyage without the security of its sheet anchor.