Showing posts with label Deficit. Show all posts
Showing posts with label Deficit. Show all posts

Public sector strikes: Unaffordable and unfair



Hands off my wages

And so the world keeps turning. An estimated two million public sector workers have gone on strike and the nation has kept ticking along.

The false argument about public sector pensions is put rather well by this which is going round on Facebook

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What's holding the British economy back? Debt, debt, and more debt



Maxed out

Last week the coalition government was hit with a combination punch of bad economic news. On the same day unemployment was upand the Bank of England’s growth forecasts were down.

Labour were quick to point the finger. Shadow Chancellor Ed Balls said “The British economic recovery was choked off well before the instability in the last few months in the eurozone...The government is cutting too far and too fast and it’s pushing borrowing and unemployment up at the same time”

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From Miliband and Balls to Osborne: riding our luck in the bond market



Only the second most dangerous type of Bond there is

String theory posits the possibility of multiple universes exiting at the same time and in the same space. Economically we saw a little of that last week.

In London a few thousand students and professional protestors marched against the government’s plans to make them pay more towards their education.

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Beyond credit easing and council tax: How Osborne can sail us toward 'calmer, brighter seas'



Under pressure

The Labour conference last week was all about Ed Miliband but that didn’t really matter, few are listening to him.

The man currently front and centre of British politics spoke at the Conservative conference in Manchester yesterday, Chancellor George Osborne. His brief, the economy, dominates politics.

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Ed Balls and Irish austerity: what you didn't hear at party conference



May the growth rise to meet you

Ed Balls used to cite Ireland as exhibit A in his argument that ‘austerity’ would cripple the British economy.

A year ago, when Ireland’s economy had just shrunk by 1.2% Balls, then making his unsuccessful run for Labour leader, said

“These figures are a stark warning to governments across Europe including our own. An austerity programme of deep cuts now, when our economic recovery is not secure, risks lower growth and higher unemployment”

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