The neoliberalism myth disempowers us | @guardianletters
When I was growing up, consumerism was the bogey. Later, it was individualism. Now its neoliberalism (George Monbiot, 6 August). But these ideas mask the truth: if I move my mortgage or my savings from...
View ArticleThe Guardian view on the economy: more pay, please | Editorial
Pay fell in the last quarter. Real earnings will still be falling next year. Time for some serious actionA small earthquake has struck the political landscape. The ONS statistics not only confirmed...
View ArticleLarry Elliott: Eurozone can learn from George Osborne and Bank of England...
George Osborne and the Bank realised the dire effects of too much austerity, too soon and tried plan B. The eurozone and ECB should follow suit, fastWant to understand what's happening in the eurozone?...
View ArticleCulture as a cause of poverty has been wilfully misinterpreted | Jeremy Seabrook
The new poverty a culture of the poor has little power to relieve its own suffering, as welfare sanctions and cuts demonstrateWhen the term culture of poverty was first used by the anthropologist Oscar...
View ArticleUK economic growth passes pre-crisis peak
Quarterly rise of 0.8% points to 3.2% annual growth rate but economists warn UK recovery at risk from eurozone woes and Russia tensionsBritain's economy powered on in the second quarter, recording its...
View ArticleInterest rate rises to 3% might be more than the British economy can bear
Mark Carney is right to say that 'normal' rates will be lower than before. But rises to just 2% in Europe have caused problemsAll the anguish over interest rates when they will rise and by how much...
View ArticleBritain's productivity puzzle: when will it return to pre-slump levels?
Recession saw productivity collapse as more people have been employed to produce the same level of outputIt's Monday morning and time to do the weekly food shop while the supermarket is quiet. You fill...
View ArticleThe race to the bottom on wages | @guardianletters
It is more than surprising that the Bank of England is so puzzled as to why the recovery is not showing up in the wage packet (Woe for workers as pay falls for first time since 2009, 14 August). That...
View ArticleRussian sanctions start to bite as growth forecasts are downgraded
Lending restrictions are not causing immediate panic but, with food shortages and price rises, the winter outlook is grimSix months after the confrontation over Ukraine first blew up, the damage is...
View ArticleDavid Cameron rebuked over jobs claim
PM claimed majority of new jobs created last year were taken by UK nationals, but no official figures for new jobs are collectedDavid Cameron has been rebuked for claiming that the majority of new jobs...
View ArticleHow to make Australian infrastructure pay for itself with no selloffs, and...
Asset recycling, as an approach to infrastructure investment, will only end up benefiting the banks. Taxing land is a more sustainable way forwardThe federal government is offering state governments a...
View ArticleUK inflation - what the economists say
The annual rate of UK inflation fell more than expected in July to 1.6% from 1.9% in June. Here's what the economists sayThe annual rate of UK inflation fell more than expected in July to 1.6% from...
View ArticleThe costly trail of British government IT and 'big bang' project disasters
From e-borders to the NHS, the billions spent tell a cautionary tale but have lessons been learned for universal credit?When the government passed the same-sex marriage act last year, the law had one...
View ArticleBritains youth risk being locked out of any recovery | Tom Clark
From housing to jobs and benefits, the under-35s have little to hope for in the aftermath of this economic slumpThe great Cameronian cull of the male, pale and stale at the start of the summer was,...
View ArticleBank of England split on interest rates reopens prospect of a rise in 2014
Analysts claim it is now foolish to rule out a rate rise this year after monetary policy committee splits 7-2 on maintaining 0.5%The prospect of a pre-Christmas increase in interest rates rose...
View ArticleBank of England split on interest rates what the economists say
Two members of the Bank's nine-strong monetary policy committee voted for a 0.25-point rise in interest rates in AugustTwo members of the Bank of England's nine-strong monetary policy committee voted...
View ArticleOrkney and Shetland islanders already winning Scotlands independence debate
Scotlands oil and fish-rich northern isles have a powerful symbolic hold for Scots, giving them political leverage with both yes and no camps that belies their sizeOrkneys farmers are a phlegmatic...
View ArticleFood spending falls for first time as stores compete and real wages drop
Britain's food bill drops for first time as supermarkets wage price wars and consumers fail to feel effects of economic recoverySpending in food stores fell for the first time on record in July amid...
View ArticleNumber of young people classed as 'Neets' falls as labour market improves
Young people in the UK who were not in education, employment or training falls to 13.3% in the second quarterThe number of young people who were not in education, employment or training (Neet) fell in...
View ArticleGovernment posts surprise deficit in July after borrowing £239m
Economists had expected £50m surplus but ONS data shows 2014 borrowing so far is £9.4bn higher than at same point in 2013The chancellor, George Osborne, faces a battle to hit this year's borrowing...
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