The UK is making schoolboy errors with its economic development policy.
Tag Archives: Growth
The chancellor has given up on any rebalancing of the economy and has fallen back on what can only lead, further down the line, to another crash.
The future of young people and the British economy are intertwined and inseparable; however, the future of both is uncertain.
Ed Balls’ latest Guardian article is an interesting one.
The UK construction industry has shrunk by ten per cent under the coalition and construction output is now at its lowest level since 1998, according to new analysis by the TUC.
New data and projections from the OECD starkly portrays the differing approaches to austerity in the US and UK. The red line shows the US, the blue line shows the UK.
While cuts are inevitable, there are ways to rebalance cuts towards those with the broadest shoulders. Public sector jobs are not the problem.
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.
George Osborne fails on his own terms.
That George Osborne should hail the loss of the UK’s AAA credit rating as evidence that yet more of the same cuts and austerity are needed is an alarming example of Orwellian “doublethink.” What is needed is Keynesian government pump priming, to fill the potholes, build houses, improve local rail networks (not HS2), invest in renewable energy sources etc, and so create employment, restore growth, increase tax revenues, eliminate the current deficit and bequeath to future generations a spanking economic infrastructure and a healthy society.