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 […]
Posts under ‘Macroeconomics’
Labour’s economic alternative should centre on a national investment bank
Feb 16th, 2016 by Michael Burke and John Ross.
No hiding place for Osborne
Jan 30th, 2016 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 […]
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The UK “recovery” cannot be sustained. Osborne has failed to rebalance the economy and boost productivity
Jan 26th, 2016 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 […]
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Demand doesn’t create its own supply – a national investment bank is needed
Jan 15th, 2016 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 […]
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Understanding the economics of Britain’s wars
Jan 5th, 2016 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 […]
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Osborne gambles on a windfall – something you can’t do on a zero hour contract
Nov 26th, 2015 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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Alternative Autumn statements: continued Tory failure versus Corbynomics
Nov 25th, 2015 by Michael Burke.Having spectacularly failed in his stated goal of eliminating the deficit in the last parliament, George Osborne is repeating his experiment in this one. Both the June 2010 and 2015 Budgets proposed ‘fiscal tightening’ of £37 billion. In the first of these Budgets the main method was cuts in public spending. In the second it […]
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On brilliant, neglected women economists
Nov 15th, 2015 by Ann Pettifor.This week I was invited on to Woman’s Hour to talk about outstanding women in economics that have never properly been recognized and acclaimed for their contributions. The context is the Virago/New Statesman women’s prize for new, young writing on politics and economics. The prize was launched in late October to address the underrepresentation of women in […]
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Welcome to a constructive critique of Corbynomics from Liam Byrne
Nov 9th, 2015 by Phil Burton-Cartledge.Something more significant than the move against Andrew Fisher happened on the right of the Labour Party last week. It was Tuesday morning, in fact, and the occasion was Liam Byrne’s speech to the Policy Network. Of course, MPs, particularly former ministers, give speeches to think tanks all the time and most float under the […]
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Is capitalism “mutating” into an infotech utopia?
Nov 5th, 2015 by Ann Pettifor.I was privileged to be invited by the St. Paul’s Institute to discuss (on the 3 November) the thesis in Paul Mason’s recent book Post Capitalism: A Guide to Our Future with a keynote speech from the author. Mason’s book is both a riveting and intellectually exhilarating read. It challenged me at a range of […]
