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economy Articles

Welcome to OBR World

Labour is right to stress that it will cut the deficit it will inherit after the election in May. The party has continued to lag in polling on economic credibility, and in particular on cutting the deficit (see a recent YouGov poll). Ed Miliband’s speech was an...

Delivering value and fairness in tough times

If we are to win in May, we must win back the public’s trust in our ability to manage the economy. History tells us that will not be easy. After the winter of discontent it took Labour four elections and 18 years to regain power. After Black Wednesday, it was three...

Labour’s bold offer on the deficit question

The next government will face immense challenges. The economy is still recovering from the financial crisis and resulting recession. Many people have seen their living standards fall for years and productivity is only recovering slowly. An ageing population, the...

Masterminding the deficit question

Ed Miliband’s favourite childhood game was, famously, a Rubik’s cube. Young Miliband possessed prodigious ability with the coloured squares, twisting them hither and thither until they aligned correctly. I was less brilliant. My preferred intellectual test was Master...