Why support TPP? Critics should read the agreement and keep an open mind
In light of vociferous opposition to the trade deal, the TPP that emerged is a pleasant surprise – so much so that some Republicans threaten to oppose itAgreement among negotiators from 12 Pacific rim...
View ArticleGovernment to sell remaining 14% stake in Royal Mail
Bankers report solid demand for shares in delivery firm, mainly from domestic and US institutional investorsThe government has continued selling assets it no longer considers should be held in the...
View ArticleThe Guardian view on tax credit cuts: the chancellor’s sums don’t add up |...
Evidence is more abundant than ever in economics. But Osborne prefers to sweep the awkward facts awayThe first analysts of family budgets were Rev David Davies and Sir Frederick Morton Eden in the 18th...
View ArticleNobel prize in economics won by Angus Deaton - as it happened
Economists are applauding the decision to recognise Edinburgh-born microeconomist Angus Deaton for his analysis of consumption, poverty, and welfare.Latest: Princeton press conference underway...
View ArticleJohn McDonnell’s U-turn is no surprise – but it damages Labour’s credibility...
The shadow chancellor should never have pledged to support Osborne’s fiscal charter – it’s far more pro-austerity than anything the pre-2015 Labour party stood forOn Wednesday, parliament votes on...
View ArticleHow Labour went to war with itself over the economy
A meeting of the parliamentary Labour party descended into a ‘shambles’ as the fiscal charter U-turn highlighted many MPs’ anger at Corbyn’s leadershipThe weekly Monday evening meetings of the...
View ArticleJohn McDonnell on fiscal charter U-turn – video
John McDonnell, the shadow chancellor, defends his decision to vote against plans for the government to run a budget surplus within three years ‘during normal times’ when there is no economic crisis,...
View Article‘Living within our means’ makes no economic sense. Labour is right to oppose...
It may sound like common sense, but this platitude has no place in 21st-century economics – as John McDonnell appears to understandSome have called it a U-turn; others have described it as a shambles....
View ArticleJohn McDonnell explains U-turn on fiscal charter - Politics live
Rolling coverage of all the day’s political developments as they happen, including reaction to Labour’s U-turn over the charter for fiscal responsibility5.21pm BST5.00pm BSTLabour’s deputy leader, Tom...
View ArticleRedcar shows need for efficient UK energy | Letters
The closure of Redcar steelworks (Report, 13 October) shows the importance of boosting energy productivity to tackle high energy costs. Over half (54%) of the energy used in electricity is lost before...
View ArticleThe Guardian view on Labour’s fiscal policy: mayhem, muddle, but the right...
George Osborne’s fiscal charter is a silly game. John McDonnell is right to vote against it. But it’s a shame he couldn’t resist a little game-playing of his own before he made the decisionAs...
View ArticleBoris Johnson says low immigration could lead to economic stagnation
London mayor warns that Britain must learn from Japan, where shrinking population has contributed to long period of economic stagnationBoris Johnson has warned that Britain must consider the negative...
View ArticleJohn McDonnell admits U-turn on fiscal charter vote might confuse Labour MPs
Shadow chancellor says he will further clarify party’s position on George Osborne’s proposal to change budgetary rules during Commons debateThe shadow chancellor, John McDonnell, has admitted that...
View ArticleCameron and Corbyn go head to head at PMQs over the economy - Politics live
Rolling coverage of all the day’s political developments as they happen, including David Cameron and Jeremy Corbyn at PMQs, and MPs debating the fiscal responsibility charterMcDonnell says Labour MPs...
View ArticleA national tragedy is unfolding as our NHS reaches breaking point | Letters
The Care Quality Commission has delivered a grim report on the current state of safety in our NHS (Report, 15 October), describing some harrowing failures and expressing grave concerns, but the...
View ArticleWhy we need to hear: ‘This politician is for U-turning’ | Richard Wilson
I’m not saying John McDonnell has got everything right, but moving away from command-and-control politics is not one of his mistakesThis week the hounds were released from all sides to feed upon...
View ArticleThe banking crisis, seven years on: how much has changed?
Many of the rules intended to crack down on the industry are being rolled back after a number of U-turns from George OsborneThis time seven years ago, Fred Goodwin - still a Sir – had just lost his job...
View ArticleGeorge Osborne's red carpet treatment of China stores big rewards, and big risks
Economists, analysts and politicians are divided over the pros and cons of the UK chancellor’s fêting of China for investment and ordersThe ancient Silk Road, along which caravans of traders brought...
View ArticleIt’s hard being shadow chancellor. Howe and Healey knew it
John McDonnell’s U-turn was typical of the peril that can befall the treasury opposition brief. At least he knew, as his predecessor did, when to stop diggingIt is proving quite a month for chancellors...
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