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The Economy Articles

Time to take responsibility

Yesterday we learnt that the Tory-led government’s reckless economic plan has failed. The government will borrow a staggering £158 billion more than they planned a year ago. Borrowing is up because the economy has stalled, unemployment is set to increase further while...
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It’s time for something new

Three numbers in the last week should be ringing alarm bells in the government. First, the IMF downgrade of growth in 2011 to just 1.1 per cent; second, unemployment up 80,000 in the three months to July, leaving youth unemployment at its highest level since 1992; and...
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Time for a Plan B

When GDP fell by 0.5 per cent in the fourth quarter of 2010 the chancellor blamed it on the snow.  Never mind that it snowed in Germany and the US too and that their economies grew by 0.4 and 0.8 per cent respectively, perhaps ours was the wrong kind of snow.  Now we know, following data today, that the economy has flatlined for six months while other economies power ahead. 

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Smoke and mirrors cloud the Regional Growth Fund

Nick Clegg emerged from the smoke and mirrors of the Regional Growth Fund announcement ‘bowled over by the quality of the bids’. Vince Cable weighed in with his support for the fund which had been advised on by Lord Heseltine, another example of the back to the future economic policy of this government.

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