Posts under ‘Macroeconomics’

French socialist revolt continues

by Tom Gill.

The revolt in France’s socialist party continued this week as details of a fresh austerity plan were unveiled by new Prime Minister Manuel Valls. Valls has announced a 50 billion euro austerity plan to be funded largely by cuts to pensions, a freeze in public servants’ salaries and cuts to public services. The announcement was “received as a […]

Gideon’s promise of a Goldilocks recovery is pure fantasy

by Michael Meacher.

George Osborne preened himself – yet again – at the IMF conference 2 days ago that the Western economies are now set for a prosperous future, even as central banks steadily withdraw the lifeline that kept them afloat after the 2008 crash. Apparently normality is returning after the unfortunate blip five to six years ago. […]

Alexis Tsipras backs mass demonstration in Paris against austerity

by Tom Gill.

Thousands of people protested in Paris on Saturday calling for a change in the austerity policies of President Francois Hollande. The Front de Gauche, whose principle components are the French Communist Party (PCF) and the Parti de Gaunche, led the demonstration that declared “Hollande, enough!” and rallied “against austerity” and for “equality and the redistribution of […]

A Scotland free from Tory rule for good is the offer Labour has to beat

by Jon Lansman.

Watching Alex Salmond’s speech to the SNP Spring Conference, it is almost impossible to see Scottish independence as anything other than inevitable. If not this year, then at least sometime in the not too distant future. It doesn’t matter that I am an internationalist who doesn’t believe that independence can exist in any meaningful sense […]

If this is a recovery, why are we getting poorer?

by Michael Burke.

At a certain point this year GDP will finally recover its pre-recession peak, 6 years or more after the recession. This will be the longest British slump in living memory and the most severe downturn since the Great Depression. The government and supporters of austerity are keen to emphasise the fact that the economy is […]

Beware Osborne’s massaged figures

by Michael Meacher.

According to the writing on Osborne’s tin, we now have the fastest rate of growth of any major Western country. But as with all tins, it’s as important to think about what it doesn’t say as what it does say, as well as to wonder whether what it does say is realistic and can be […]

Video: How to change the post-crash economy

by Newsdesk.

Hosted at the RSA by the Centre for Labour and Social Studies (Class) and Verso books, an expert panel including Costas Lapavitsas – professor of economics at SOAS, Paul Mason, Culture and Digital editor, Channel 4 News; Mariana Mazzucato, RM Phillips professor in the Economics of Innovation at Sussex University; and Seumas Milne, Guardian columnist […]

Time for the low inequality, high performance alternative from Labour

by Bryan Gould.

There is no novelty is arguing, as George Osborne does, that there is no alternative to his destructive and divisive policies of austerity – TINA was, after all, the Thatcherite catch-cry and as misleading in her day as it is today. But it is surely stretching credulity too far to suggest, as John Harris did […]

Playing the neo-liberals game

by Bryan Gould.

The advice offered by some of its leading thinkers that Labour should switch the focus away from the role of central government and towards a greater devolution of power to the regions and communities has a fashionable ring to it.  But it is another, perhaps unwitting, admission of the left’s damaging loss of intellectual self-confidence. […]

Signs grow that recovery is fading before it even got under way

by Michael Meacher.

The fall in anticipated government revenues, just announced, must send alarm bells to anyone who still believes that the current economic uptick is going to go anywhere. The OBR had predicted that government revenues in the 2014-5 tax year would reach 38.8% of national income. They have been progressively revising down their forecasts to as […]

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