Posts Tagged ‘Growth’

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 […]

What this Labour conference should be about

by Michael Meacher.

The prime issue at Conference this year won’t be the union link, which may well be resolved by negotiation, but rather what is Labour’s core message. It has got to be setting out the alternative to prolonged austerity which will promote real and sustainable growth (not the shallow and over-hyped version currently on offer), cut […]

2013: a likely triple-dip and growth still a taboo

by Michael Meacher.

If the UK economy has contracted in the fourth quarter of 2012 when the once-only Olympic surge falls away and then again in the first quarter of the new year, then by the conventional definition Britain will have suffered an unprecedented triple-dip recession. It is likely then that Osborne’s treasured triple-A credit status will be […]

Does anybody know where the long-term growth is to come from?

by Michael Meacher.

If the 1% growth in the third quarter is a blip (caused by a once-in-a-lifetime Olympics surge plus a catch-up on deferred production from the previous quarter), where is genuinely sustainable growth going to come from? This is a much more worrying question than whether the double-dip has really ended. The usual sustainable growth drivers […]

‘The worst of recession is over’? That will come back to haunt Cameron

by Michael Meacher.

Where did we hear it before? ‘I detect the green shoots of growth’ (Norman Lamont as the economy plunged again) and ‘We’ve ended boom and bust’ (Gordon Brown just before the biggest financial crash for a century). Equally Cameron’s ‘worst of the recession is over’ is a foolish hostage to fortune which he will come […]

Hollande to present austerity treaty gift wrapped to French Parliament

by Tom Gill.

(In the Radical Press – Humanité) It’s done. François Hollande announced Friday afternoon that he would submit the fiscal pact (Treaty on the stability, coordination and governance  in the Economic and Monetary Union – TSCG) to be ratified by the French Parliament. During his Presidential campaign he had promised to renegotiate it and would not […]

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