Posts under ‘Macroeconomics’

The growth of movements for real change have been a long time coming

by Steve Turner.

Last week Tony Blair professed bafflement at the rise – on both sides of the Atlantic – of popular movements by people who in Blair’s view choose to “rattle the cage”. I think this is a mischaracterisation. Those who have been energised into supporting Sanders, Corbyn and movements such as Podemos and Syriza want to […]

How we are punished for not responding to George’s not-so marvellous medicine

by Sian Errington.

In February, the Guardian revealed that from a £300 million ‘relief fund’ to help local councils struggling with the scale of funding cuts demanded of them 83% of the funds will go to Conservative run councils. The five most deprived local authorities in the country – Middlesbrough, Liverpool, Manchester, Knowsley and Hull – are also […]

Numb and number: where the Big Short falls short

by Ann Pettifor.

As this goes to press, global capital markets appear to be stabilizing after another period of intense, and scary stock market volatility. This set the context for the arrival in Britain of Adam McKay’s The Big Short – a film about the American sub-prime mortgage meltdown, based on the book by Michael Lewis. It could […]

Is Labour ready for another economic crisis?

by Phil Burton-Cartledge.

Ellie Mae O’Hagan writes that the Tories are politically prepared for another economic crisis, should one hit. Looking at the lack of profitable opportunities for capital presently, the ongoing investment strike, stock markets that went up and then came down, and the inflating credit bubble you’d be daft to rule one out with certainty over […]

Labour’s economic alternative should centre on a national investment bank

by Michael Burke and John Ross.

Labour is now carrying out extremely effective campaigning against Tory policies – on tax credits, on the sweetheart Google taxation deal, in support of the junior doctors and pinning the responsibility for the crisis in the NHS squarely on the Tories. This excellent work needs to continue and be strengthened. But in the forthcoming budget […]

No hiding place for Osborne

by Matt Willgress.

As George Osborne gets his excuses in early for the troubles to come, now is the time to expose the failures of ideologically driven austerity, writes Matt Willgress of the Labour Assembly Against Austerity The British mainstream media is now so clearly biased in favour of the ruling party it can sometimes seem as if […]

The UK “recovery” cannot be sustained. Osborne has failed to rebalance the economy and boost productivity

by Grahame Morris.

An Opposition Debate on Trade, Exports, Innovation and Productivity highlighted the fragile nature of our economic recovery. The fundamentals for a strong economy have been overlooked by a Government more interested in short term headlines than our long term economic interests. The Government’s promise to “rebalance” the economy has not materialised with the UK now having […]

Demand doesn’t create its own supply – a national investment bank is needed

by Michael Burke.

The second [pillar of my leadership] is a new economy that puts public investment front and centre stage: in science, technology and the green industries of the future. Instead of Osborne’s economic house built on sand, our focus will be on the reindustrialisation of Britain for the digital age, driven by a national investment bank […]

Understanding the economics of Britain’s wars

by Michael Burke.

Britain is a very frequent participant in US-led wars. This stands in contrast to many other European states ranging from countries such as Sweden, to Spain, to Italy and Germany. The piece below examines the material reasons for this difference, and explains British politicians’ determination to join in US military adventures. The widely held view […]

Osborne gambles on a windfall – something you can’t do on a zero hour contract

by Phil Burton-Cartledge.

In war, there’s only a short amount of time your weaponry has an edge over the enemy. Labour has spent the last couple of months shelling the Tory trenches with the party working tax credit shells. This week, the new ‘police funding’ gun has been pressed into service. Both pasted the Tory position to the point […]

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