As Ed Conway has noticed, if you exclude the effects of either Northern Rock asset reclassification or the profits of the SLS from today’s public sector borrowing figures, the deficit was actually higher this year than last.
Economic data is coming thick and fast. Sandwiched between last week’s poor unemployment data and Thursday’s forthcoming results for GDP in the first quarter of the year, public finance figures were published today. They show that George Osborne has dodged a bullet.
It was argued by Reinhart- Rogoff that high debt essentially meant that the state captured all resources, used them inefficiently, prevented the private sector using them and so curtailed growth at cost to everyone. There’s just one problem.
Private sector competition in the NHS has had a “small but significant” negative impact on productivity, with NHS Trusts in areas where there is a monopoly performing better than those where there is greater private sector competition, according to a report out today.
Payday lenders have started aggressively targeting university students who are struggling with student loans. It’s time the government recognised this and took radical action to clamp down on unscrupulous lenders.
The system of higher tuition fees introduced by the government with the aim of saving money is likely to cost more in the longer term, a new report has warned.
Following Friday’s poor growth figures, Ed Miliband went after David Cameron on his failing economic record at today’s Prime Minister’s Questions.
Shadow chief secretary Rachel Reeves says the Tories may be attempting to “deliberately mislead the public” about over statistics and the government’s record.
In a grandiose editorial proclaiming Labour “cannot be trusted to rebuild Britain”, the Telegraph this morning showed that it cannot be trusted to tell the truth on the economy. Today’s leader column ranted: The slogan for this week’s Labour conference in Manchester is “Rebuilding Britain”. Is this supposed to be a joke? After all, [...]
David Cameron and George Osborne are set to borrow double the figure Gordon Brown and Alistair Darling were projected to.