Posts Tagged ‘Investment’

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 […]

Only public investment can save Britain from semi-permanent austerity

by Michael Meacher.

There are four reasons why the future of the UK economy, both internally and externally, does not look good. No sustainable recovery can occur till these four obstacles have been cleared, and of that there is no sign. First, the collapse in business investment has been devastating: it is still 25% below its pre-crash level. […]

Why public investment is falling

by Michael Burke.

The level of public investment is falling in most of the advanced industrialised economies including Britain. The chart below appeared in the Financial Times and has attracted some publicity because it shows this decline in the US in stark terms.

The 2008 crash was no blip, but a complete change in trajectory for the British economy

by Jon Lansman.

Richard Murphy this morning draws attention to a quite startling graph comes from an academic paper by Prof Richard Jones of Sheffield University on the need to invest in innovation As Richard says, “what the graph shows is something anyone interested in political economy needs to understand: 2008 was not a blip; it was a complete change […]

Why do we have ‘austerity’ and what is the alternative?

by Michael Burke.

The national launch of the People’s Assembly Against Austerity is a very welcome development. It brings together a number of the largest unions, anti-cuts group and political forces both inside and outside the Labour Party in opposition to austerity policies. Many will have been drawn into active opposition to government policies because a single aspect of them, […]

It’s lack of demand, stupid!

by Michael Meacher.

Even the IMF is now insisting that growth must have priority over continuing austerity, but neither the growth-sayers nor the austerians have yet recognised that the fundamental problem for post-crash capitalism is lack of economic demand. Equity markets have surged in recent weeks, not because the real economy is recovering, but because central banks – the […]

Investment not cuts – Labour needs to deliver a decisive break from austerity

by Ben Folley.

Ed Miliband has a significant opportunity to decidedly shift the terms of the debate on the economy, but to do so he will have to turn Labour policy on its head. The austerity agenda which has dominated the UK’s economic debate since 2010 is increasingly seen as inseparable from a stagnant economy and growing poverty […]

A budget that ignores reality: ideological and macro-economically hollow

by Ann Pettifor.

Since 2009 the economy has struggled to recover from the mire of a slump caused by the banking sector. But each time economic activity quickens, it hits a series of buffers. These buffers are well known , but denied by the Chancellor: a vast overhang of private debt now slowly being de-leveraged; a banking sector […]

Austerity Isn’t Working – time to invest in growth and jobs

by Lee Brown.

Austerity isn’t working. The disastrous Tory economic experiment has left the economy stagnating, household incomes falling at their fastest rate in decades and unemployment soaring towards three million. Even by the criteria the government has set itself, that of reducing the deficit, it is failing. The Tories are set to borrow £158 billion more than […]

George Osborne shows he’s learnt nothing from Greece or Ireland

by Michael Burke.

The Autumn Statement was widely presented as facing up to harsh realities of slower growth, but with George Osborne offering a series of cunning schemes in order to resolve the crisis. And yet, the stagnation of the British economy is a function of government policy, and plans to increase investment by increasing the credit available to smaller firms […]

© 2014 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma