Tag: economy (page 2)

Debt as a Percentage of GDP

Tories like to claim that they handed over an economy "with public finances in good shape" to Labour. And when Labour says, no they weren't, Tories say, oh but the Treasury figures don't include PFI, therefore the "real" figures are much worse under Labour than under the Tories.

Luckily Eurostat include everything in their debt calculations, so we can get a true picture of what has happened.

It's the economy, stupid!

Today the CPI inflation hit 4.4% and Phillip Hammond has already been banging on about Brown losing his prudent and competent tag blah blah blah.

The Myth of Rising Taxes under Labour

Many taxes for the poor have fallen

UK Economy grew by 0.2% in Q2 2008

We have now completed 11 consecutuve years of growth under New Labour

£9.16bn borrowing...

Little wonder that Alistair Darling is quaffing drinks a little stiffer than usual. The economic storm is worsening, with borrowing now reaching levels not seen since 1946.

Times are tough. And political cowards could jack it all in, give the keys to No. 10 to the Tories, and laugh when they inherit such a mess...

...but this is a time for (Brownian?) courage, the leadership we were promised.

Government borrowing cannot be sustained at this level. Costs must be cut, axes must fall. Courage must come first. The leadership we expected from the start is missing, has been undone by short-term aims without long-term vision. If the predictions are correct, the economic storm will break just as borrowing increases as the "golden rules" on fiscal prudence (remember that?) are re-written. Dominos falling onto a house of cards...



The Golden Rule Is Broken

HM Treasury will announce later today that "the Golden Rule," which states that the government should balance the books over the economic cycle, has been broken.

Heaven knows we're miserable now

I’ve been listening to the audiobook of Bill Bryson’s excellent “The Life and Times of the Thunderbolt Kid”, his autobiographical account of his early life in Iowa.

Saturday 24th May - LEAP Conference

The first LEAP conference will take place, at Birkbeck College, London.  Book now to participate in essential discussions about economic policy.

Super Rich get richer

...under Labour

Tories get a kicking on economic competence

The Tories are failing to win over the electorate on the crucial issue of the economy says Will Parbury

Affordable housing

Excellent, if prices keep falling at 2.5% per month for a year or two, housing will be affordable again!

Growth? What growth?

If you think about it for a bit and grind the numbers, real growth in the UK economy has only been about 1% a year for the last ten years.

Bank of England releases £5 billion of liquidity

Just heard on the BBC radio 4 11am news that the "Bank of England has injected £5 billion into the financial markets in a bid to restore stability ... dealers fear that the banking crisis in the USA will spread around the world". Looks like a whole new economic world might be starting today!


Northern Rock to be nationalised

Northern Rock logoGoldman Sachs has recommended that it was not in the taxpayers' interests for Northern Rock to be sold now.  Legislation will be introduced tomorrow to acquire the bank's shares and assets for "a period of temporary public ownership". Alistair Darling's statement appears to say the legislation will be a general power for twelve months to acquire institutions "in certain tightly defined circumstances", so is not limited to Northern Rock.


The Big Idea

How Labour needs a fresh initative in their 11th year in office.

London's Success Must Be For All Says Ken

For the latest information on Ken Livingstone's re-election campaign visit: www.londonforken.co.uk

Tail Wagging the Dog

The Pre Budget Report is the worst example I have ever seen of the opposition setting the agenda. If this continues voters will soon get sick of such opportunism and vote for the real thing which will mean a Tory Government.

Darling raises Inheritance Tax threshold to £700,000 for couples

EDIT: Having read more into this proposal, it's become apparent that this isn't actually copying the Tories - but it's something quite different. See my comment 3 for details.


New Europe ?

Will Parbury looks at the eurozone economy

Threat to minimum wage in Northern Ireland

I do hope this is silly season journalism, but this evening the BBC Northern Ireland website reports:


 'Prime Minister Gordon Brown is considering plans which could see the minimum wage reduced in Northern Ireland, it is believed.


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