The IFS economic forecast: one silver lining, five heavy black clouds
The Institute for Fiscal Studies thinks government borrowing will be lower than forecast. But it is far less sanguine about lost output, recession, public finances, austerity and the euroA...
View ArticleGeorge Osborne's budget: time to think big | Editorial
Economists routinely describe the climate as challenging, when what they really mean is 'absolutely awful'Just in case George Osborne hasn't yet got the message that pushing through his spending cuts...
View ArticleMartin Rowson on the stripping of Fred Goodwin's knighthood - cartoon
The former head of Royal Bank of Scotland had his honour removed after intense political pressureMartin Rowson
View ArticleLetters: There is no support or justification for the health bill
Health minister Simon Burns (Letters, 31 January) denied that the health and social care bill privatises health services and emphasised its intention to reduce bureaucracy and shift power to patients...
View ArticleCoalition's fiscal squeeze will return UK to recession, warns NIESR
Thinktank slashes outlook, predicting UK economy will shrink by 0.1% and urging infrastructure investment to create jobsThe UK will slide into recession this year as the government continues to...
View ArticleJobs in the US, job loss in the UK: a tale of two recoveries | David...
The UK's ruinous experiment with austerity only highlights how good the US economic news is for Obama's re-election chancesThere were two major pieces of good news Friday on the US economy. First,...
View ArticleNorth-south divide grows as jobs are lost at four times the rate elsewhere
Unemployment figures give new impetus to calls for an elected assembly for the north of EnglandJobs in the north of England are being lost at four times the rate in the rest of the country, deepening...
View ArticleWhy economic inequality leads to collapse
The lesson of the Great Crash was that unequal enrichment provokes asset bubbles, excessive demand for debt and, finally, economic failure. Now we are painfully learning that againDuring the past 30...
View ArticleLetters: Lessons from Lucas Aerospace
I well remember the Lucas Aerospace plan (A utopia we nearly had, 1 February), but I also have an even older memory. In 1945 I was an apprentice in the aircraft industry, producing torpedo bombers for...
View ArticleSecond recession fears grow as small business confidence plummets
Three gloomy reports will put pressure on Bank of England to pump £50bn more into economy when it meets this weekThe beleaguered state of the UK economy has been underlined by three separate reports...
View ArticleLet the country, not the City, drive the UK economy | Colin Tudge
In one Oxfordshire village, an idea is gathering traction: that it's time for a new agricultural revolutionOxford city council has decided that we need more houses and jobs – not least in my own...
View ArticleIgnore the soporific jargon of procurement. Privatisation is a race to the...
The outsourcing of state services always leads to workers being paid less. Instead our leaders call it an 'efficiency saving'The danger is not when a politician tells you a demonstrable untruth,...
View ArticleBank of England injects £50bn into ailing economy
Decision to extend quantitative easing programme to £325bn had been widely predicted after UK economy shrank last yearThe Bank of England will inject billions more of electronic cash into Britain's...
View ArticleWhat quantitative easing means for annuities
Anyone using their pension fund to buy an income for retirement stands to get a lot less for their moneyThe Bank of England's decision to go ahead with more quantitative easing is bad news for anyone...
View ArticleBank of England launches QE3 onto a still-stormy sea
A new £50bn round of quantitative easing suggests the Bank remains concerned about the economic climateBad news for savers. Tough times ahead for pension funds. Precious little joy for everybody else....
View ArticleKipper Williams on QE – and the England manager's job
Kipper Williams: Sir Mervyn for England?
View ArticleMartin Rowson on Bank of England's quantitative easing - cartoon
Bank of England pumps £50bn more into UK economyMartin Rowson
View ArticleEssex coastal town of Jaywick is UK's youth unemployment hotspot
In the town's Golf Green area, more than a third of 16- to 24-year-olds claim jobseeker's allowanceAngela Pace has been sending out dozens of job applications a week, with little luck. So far, she...
View ArticleWhy George Osborne is the most anti-business of them all
The chancellor has urged people not to be 'anti-business', but his policies are hardly good for itThe chancellor of the exchequer has called on his fellow citizens not to be "anti-business". In doing...
View ArticleWe have to own up on the UK economy – we are not a big club anymore
Mirroring the England football team and the founders of the football league, Britain has slid down the world economic tableThe English football league was founded in 1888, a time when Britain still...
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