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Austerity till 2018? Britain's economy is being crucified on the cross of...
The state is capable of kickstarting the economy, but a dogmatic George Osborne can't bring himself to do what it takesIt gets worse. The IFS is today predicting that austerity will now extend to at...
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Big business has corrupted economics | Aditya Chakrabortty
You know the country is in a financial mess when even establishment figures such as Rachel Lomax are calling for revolutionary thinkingRachel Lomax is practically the definition of establishment:...
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Mark Carney: a Sven for Threadneedle Street?
For Osborne, grappling with the replacement of Sir Mervyn King, read the FA in 2000 deciding who should follow Kevin KeeganIt's a familiar story. Years, if not decades, of underachievement. A string of...
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George Osborne and the economy: Banking on Carney | Editorial
If Mark Carney is to make a difference, it can only be by changing policyA lame old Fleet Street joke has it that any story with "Canada" in the first line is guaranteed not to get read. George Osborne...
View ArticleSteve Bell on the appointment of Mark Carney at the Bank of England
The appointment of the governor of the Bank of Canada is a blow for Britain's economic establishmentSteve Bell
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UK economic recovery will be slow, OECD warns
Paris-based thinktank says global slowdown, eurozone crisis and government deficit reduction programme will hold back UK economyThe west's leading economic thinktank has forecast Britain's economy will...
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European debt crisis a bigger global threat than US fiscal cliff, says OECD
Report says 'intensified euro area crisis' could destroy growth in Europe and also wipe out US recovery, causing recessionEurope's debt crisis remains a far bigger threat to the world's economy than...
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UK GDP since 1955
Gross domestic product is the economic output of Britain. See how it has changed over time• Get the dataBritain's households increased their spending at the fastest in more than two years during the...
View ArticleJimmy Savile investigation - Lord Patten questioned by MPs: Politics live blog
Andrew Sparrow's rolling coverage of all the day's political developments as they happen, including Lord Patten, the BBC Trust chairman, being questioned by MPs on the culture committee about the Jimmy...
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Top earners to enjoy £107,000 tax cut, says Ed Miliband
Labour leader says coalition is standing up for 'wrong people' as he highlights figure based on Treasury calculationsBritain's top earners are set to receive an "eyeboggling" tax cut averaging an extra...
View ArticleWork Programme video diary: 'I've been swept under the carpet'
A video diary documenting the experience of 25-year-old university graduate Joe Paxton on the government's Work Programme
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Why the British elite insist on more austerity (it's not that they're stupid)...
This is not a short-term deficit-reduction programme, and George Osborne and Mervyn King understand the risksA slight drop in GDP growth compared with last year is a cause for celebration. The "fastest...
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UK growth set to be pitifully weak – but better than France and Germany |...
The OECD forecasts the UK will grow just 0.9% next year – but Germany is headed for 0.6% and France for 0.3%. In the beauty contest of the ugly, the UK comes out on topIt says something about the...
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George Osborne's autumn statement: another Black Wednesday | Editorial
Forget all the speculation and imagine what, in an ideal world, next Wednesday's autumn statement could be likeForget all the speculation and imagine what, in an ideal world, next Wednesday's autumn...
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A modest meeting in Leeds tomorrow marks a very big step
City Deals in the north are beginning to have an effect. Here, the leader of Leeds city council Keith Wakefield describes a potential breakthrough on apprenticeshipsTomorrow morning I'll join a few...
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Cameron and Miliband clash over Work Programme
Labour leader accuses PM of overseeing a 96% rise in long-term unemployment since launch of flagship employment schemeDavid Cameron has insisted that the government is getting the country "back into...
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Tax and the offshore industry: when bad money drives out good | Editorial
Britain is at the extremes of the business of financial chicanery, giving London's traders an unenviable reputationSham companies with sham directors, hundreds of them supposedly housed in the same...
View ArticleAutumn statement: George Osborne's track record - in statistics
As the chancellor prepares to deliver his autumn statement, we take a look at his performance in a period of low wages, unemployment, weak growth and rising debt
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Ukip achieves record support as Tories drop 3% in Observer/Opinium poll
Forty three per cent of voters say government should focus on growth, while 33% say cutting deficit should be top priorityThe Conservatives have dropped 3% to 29% in the latest Observer/Opinium poll at...
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Britain's economy cannot be revived with Osborne's phantom billions
The chancellor's vision of capitalism has failed. We need a new model to relieve consumers and business of fear and debtIt is hard to decide which is more worrying – the desperate economic conditions...
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