Today the OBR released figures that showed, as widely expected, deficit reduction to date has stalled. Balancing the books (one further year into the future) relies on eye-watering and dangerous cuts in departmental spending. Meantime, in the economy, household debts have been revised up by £174…Read more…
Autumn Statement 2014 – What’s in it for industry?
Today’s Autumn Statement contained an important package on growth and productivity. So what did we get? And was it enough? First, there was good news on infrastructure. £15bn was committed to improve the national road network. This includes around £6bn to resurface 80% of the national…Read more…
Britain needs a pay rise, but this #AutumnStatement won’t give us one
Listening to today’s Autumn Statement, it’s clear the living standards crisis has wrecked the Chancellor’s strategy. He has failed his deficit reduction pledge as low-paid Britain is paying much less tax than expected – £17bn less in fact. And businesses won’t be able to find the…Read more…
Forget Europe – the markets hold the real unaccountable power | Mark Serwotka
An unholy matrimony between finance and politics has undermined democracy: it’s time it was reinforced
Listening to economics being discussed in the media is like being read a fairy story. In any…Read more…
Autumn statement 2012: expert verdict
Our experts give their reaction to George Osborne’s autumn statement on the economy
George Osborne has spoken. But what he said on tax will disappoint most people who listened. Continue reading…Read more…