The future of young people and the British economy are intertwined and inseparable; however, the future of both is uncertain.
Tag Archives: Growth
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.
Real earnings have declined since 2009 and are at the same level as 2002.
TweetThe Bank of England is expected to downgrade its growth forecasts today while warning of more financial pain to come. As the graph shows, the growth trend in the UK economy has been downward since around the third quarter of 2010 – coincidentally, about the time George Osborne set out the coalition’s spending plans (20th […]