Moving production to low cost countries – costing thousands of skilled manufacturing jobs – may be going into reverse.
Tag Archives: The Economy
Chuka Ummuna has set out Labour’s plans to institutionalize the developmental state and the rise in productivity it achieved in 1997-2010 to solve the living standards crisis.
The interests of the Tory party are very often diametrically opposed to those of most workers. However it would be a mistake to be complacent.
Quantitative easing and ‘loose’ monetary policy have not been successful in boosting UK export performance.
There was plenty of data out this week suggesting a bleaker economic picture than that painted by the government and the media.
Despite the sort of spin that we saw last Friday, people really are worse off under the Tories.
Last week, tremors that had been rumbling through the financial markets since the turn of the year came to the surface.
UK GDP grew by 0.7 per cent in the fourth quarter of 2013, according to the latest quarterly national accounts from the Office for National Statistics (ONS).
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.