Posts Tagged ‘Growth’

Why isn’t inequality a central issue in this election?

by Michael Meacher.

Inequality ought to figure much more sharply in this election than it has done so far. The reasons are obvious: the grotesque injustice in the widening gap between the top 1% (and more particularly the top 0.1% and most of all the top 0.01%) and the rest of us; the way that austerity has been […]

Why doesn’t Labour take on the Tories over the economy?

by Michael Meacher.

It is bizarre that Osborne continues to preen himself that the economy is such a strong card for the Tories at the election when in fact every aspect of the UK’s economic performance is looking bad and getting worse. Yesterday it was reported that the growth rate in the final quarter of 2014 was down […]

Investment, jobs, growth must be Labour’s policy, not austerity

by Michael Meacher.

Labour has had a successful party conference, Ed Miliband made a powerful speech with a strong commanding narrative of Labour’s objectives for government, but the only let-down was in the crucial area of economic policy. Ed Balls’ embrace of the the right-wing Tory orthodoxy of prolonged austerity until at least 2020 is as unbelievable as […]

Labour’s economic policy – a lingering attachment to austerity

by Peter Kenyon.

There was nothing subtle about economic policy under New Labour. ‘We are getting into bed with business‘. Fingers to the hoi polloi. ‘You’ve got nowhere else to go‘. People in their millions voted blindly for it in 1997. A significant proportion got wise by 2001 and placed their ‘X’ elsewhere or decided ‘None of the […]

Why does Labour stick to Tory austerity plans the stats show can’t be achieved?

by Michael Meacher.

Osborne’s boast that he would shrink the welfare state to its small scale in 1948 has been definitively scuppered by a report from the Office of National Statistics (ONS). These official figures reveal that there are at least 6 major areas of public expenditure which are currently escalating rapidly and make it impossible to reconcile […]

How PM Matteo Renzi’s ‘Jobs Act’ will sink Italy

by Tom Gill.

Italy’s new PM, Matteo Renzi, has pledged to slash the country’s record unemployment with his American-branded ‘Jobs Act’. But his labour reforms, which will see short term job contracts extended for up to 3 years, are more of the same medicine applied since the turn of the 1990s that have been such bad news for […]

Who’s fooling who at the BBC about the rise of China?

by Michael Burke.

Robert Peston is the BBC’s new economics editor. He has opened his new role with a programme called ‘How China Fooled the World’. For a time it is available on BBC iPlayer and Peston’s own summary is here. In the blog and the programme Peston argues that China dodged the global economic crisis by increasing […]

Whatever Osborne says, employers still don’t believe in the recovery

by Michael Meacher.

The latest quarterly jobs figures reported by Manpower reveal the real truth about the economy. Not the gushing presentation offered by Osborne in his autumn statement, but what the men (nearly always men) with power and money really think. After the supposedly independent OBR upped its growth forecast for this year from 0.6 per cent […]

Britain’s economic ‘boom’

by Michael Burke.

As the British economic crisis becomes more prolonged the outbreak of stupidity that greets every new piece of important economic data becomes more generalised. Previously there has been a campaign to suggest that austerity has led to recovery when the opposite is the case. The recovery is based unsustainably on rising consumption, led by government consumption. […]

Have the Tories taken leave of their senses?

by Michael Meacher.

The Tories must be in panic mode. Cameron promises a land of opportunity after the election, but Osborne condemns the country to 12 years of austerity up to 2020 (and will even that date be shifted rightwards like so many previous forecasts of the end to austerity?). Osborne says he’s laying the foundations for sustainable […]

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