In fact, this is the slowest UK ‘recovery’ ON RECORD

A second look at historic GDP data shows the current ‘recovery’ is the slowest on record (which extend back to 1830), rather than the slowest recovery in modern history, as we reported yesterday. This chart shows index numbers of recoveries in GDP from the bottom of each recession to...

Holocaust Memorial Day – Old Town Hall, Stratford

Yesterday I went to a Holocaust Memorial Day, ceremony organised by Newham Council which took place in the Old Town Hall in Stratford, E15.  The hall was packed with residents and pupils from local schools.  It began with a choir singing a specially composed song by Craig Murdoch,...

Shipload of Memories

I'M always a bit wary about stories that claim to be reporting "Jewish outrage" about something or other.  Not that Jews haven't the right to be outraged about anything. But too often the...

The slowest recovery in modern history slows down

GDP figures today disappointed expectations, with growth slowing for the second quarter in row, and increasingly departing already from the Office for Budgetary Responsibility forecast. In numbers: growth slowed to 0.5% in the last quarter of 2014, from 0.7% in the third quarter. This defied city...

Debts that cannot be repaid

THE Greek people have elected the left-wing Syriza party into office, signalling they've had enough of imposed austerity and unemployment, and though the neo-Nazi Golden Dawn remains menacing in...

Committee on Workers Capital – Global Proxy Review 2014

Check out this report published last week by the Committee on Workers Capital (CWC).  The CWC has "over 200 members from 25 different countries, the CWC connects labour union organizations around the world to advance the responsible investment agenda on the global stage".  The Global...

CDC pensions are better for the economy

At the TUC’s ABC of CDC conference, my good friend Bernard Casey of Warwick University asked Gregg McClymont, the Shadow Pensions Minister, the sources of the superior projected performance of CDC compared to individual DC.  “Different speakers have emphasised the “main” advantage of...

An alternative to austerity

http://labourlist.org/2015/01/16-labour-mps-release-statement-calling-for-change-in-party-policy-direction/ Greece may have just elected an anti-austerity Government, but in the UK we have rather fewer Parliamentarians prepared to commit to oppose the "shrink the state" dogma which dominates the...

Making up lost ground on pay

What is happening to workers’ pay is becoming one of the central arguments in the run up to the general election with the Government making much of the latest statistics on earnings and inflation. The collapse in the world price of oil has forced inflation on the CPI measure down to 0.5% while...