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George Osborne's solution: make the workers pay | Richard Seymour
Making it easier to sack won't boost productivity – yet the Tories imagine salvation lies in making Britain a low-wage economyAs of next year, the government will make it much easier for you to be...
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The Bank of England governor's huge salary is bolstered by amazing perks |...
Average earnings stay strangled, but still a corporate elite is getting richer while society pays the priceOne of the problems for our economy, as the Bank of England has pointed out, is that no one is...
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UK economic growth revised down for third quarter 2012
Double dose of bad news for George Osborne as estimated third-quarter growth revised down to 0.9% and public sector borrowing comes in £1.5bn higher than expectedThere was bad news for chancellor...
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Trench warfare as UK economy ends 2012 where it started | Larry Elliott
No growth and little progress in cutting the budget deficit – 2012 has been a year of attrition in which the front line has not movedThe British economy will end 2012 pretty much where it started....
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Deficit, national debt and government borrowing - how has it changed since 1946?
How bad is the deficit really? We bring you all the data going back to the 1940s• Get the dataBritain's deficit is getting worse. The government borrowed more than expected in November, Office for...
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UK needs more houses not higher benefits, thinktank says
Raising housing benefit is an expensive fix that fails to tackle the problem of high house prices and rents, says Institute of Economic AffairsAnti-poverty campaigners should ditch their support for...
View ArticleApocalypse postponed?
Chris Riddell on the Mayan prediction and the British economyChris Riddell
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With the UK economy stuck in a groove, what prospects for 2013?
The crab-like performance of the last two years is not easy to explain – a third year of the same would be distinctly weirdOn the Saturday before Christmas the shop windows told their own story. Up to...
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Households gloomy over 2013 economic prospects, survey shows
43% of households believe their finances will worsen in 2013, compared with 24% who expect it to improveConsumers are braced for another year of austerity after the chancellor's autumn statement failed...
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British industrial policy remains plagued by the antidote fallacy | Karel...
Policy failures are attributed to incomplete revolution leading to an antidote response. Here is a better way to boost industryNot so long ago, the UK's political classes used to rubbish industrial...
View ArticleBen Jennings on George Osborne's Scroogelike benefits cap – cartoon
The chancellor has been warned by charities that poverty levels will rise because benefits will only increase by 1% a yearBen Jennings
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Cheer up. All this doom and gloom plays into the Tories' hands | Zoe Williams
If the idea that we're all screwed takes hold, the Conservatives will end up exploiting the fear they've createdIt's early for New Year's resolutions, but this one might take a while to get used to:...
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How Britain's new right seeks to make cash out of chaos | Neal Lawson
Rightwing politicians like to capitalise on economic and political chaos – seeing it as a chance to roll back the stateThe Thatcherite plans to rip up the welfare state, visible for the first time this...
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City council leaders say deeper cuts will spark civil unrest
Top officials in Newcastle, Liverpool and Sheffield call for halt to 'unfair' measures and say north-south divide will widenAlarming predictions of social unrest and the break-up of civil society have...
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EU exit will not shelter UK from the economic storm
Britain should not be contemplating isolation from Europe; rather, it should engage with its leaders to stop austerity measures that threaten social stabilityYou have got to hand it to the Conservative...
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2012: A big hand for everyone who gave business a bad name
Computer meltdowns, government cock-ups, inflated floats, on-off mergers, tax avoidance, Libor-rigging … when the financial news wasn't farcical, it was often plain criminalThis has been a vintage year...
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We avoided the apocalypse – but 2013 will be no picnic | Ha-Joon Chang
The world hasn't ended, but global leaders will still have to work hard to manage economic trials and social tensionsThe world did not end this year, as some people thought it would following a Mayan...
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George Osborne's fast-track deficit cuts won't even meet Labour's target
Labour says by 2015, the coalition is due to have borrowed £212bn more than the plans set out in the 2010 spending reviewGeorge Osborne is on course to miss Alistair Darling's deficit reduction plan,...
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Our columnists' predictions for 2013 | The panel
We asked writers what to watch for in the year ahead. From the UK economy to the Middle East, here are their thoughtsSimon Jenkins: Prepare for tedium and lurchesJournalists are terrible forecasters....
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