Fiscal Policy

Salmond's Scotland: Independence Without Independence

Richard L Wood | Posted 12.08.2013 | UK Politics
Richard L Wood

It is clear that the SNP's version of independence is not full independence and that could be detrimental to Scotland. The report supported by the Scottish government to retain the same welfare set-up with the UK has been the latest report to exemplify this point.

ECB Cannot Save Euro; Crisis Back With Vengeance?

Andy Langenkamp | Posted 15.07.2013 | UK
Andy Langenkamp

Edward Markus - founder, owner and chief analyst of ECR Research and ICC - is coauthor of this blog. Austerity vs Growth The focus in Europe is ...

UK Should be Aware of 'Lost Decades' in Japan and Find a New Plan for Growth

Jeremy Cook | Posted 16.06.2013 | UK Politics
Jeremy Cook

I wrote a global outlook piece at the end of last year, where I tipped 2013 to be "the year of the slow grind". Following today's latest set of economic predictions, it seems that the International Monetary Fund (IMF) is coming round to that way of thinking.

The Boy Who Cried Growth: The Empty Rhetoric of George Osborne

Mehdi Hasan | Posted 20.05.2013 | UK Politics
Mehdi Hasan

Growth has ground to a halt, real wages are falling and more than 6m people want work but can't find it: yet our chancellor continues to fiddle - with beer duties and the pottery industry - as the British economy flatlines. The inconvenient truth is that George Osborne has become Labour's greatest electoral asset.

Time to Change Track and Swallow Your Pride George

Jeremy Cook | Posted 17.05.2013 | UK Politics
Jeremy Cook

I think we can all agree that the level of debt and deficit within government and consumer accounts needs to be reduced in the long-term. Debt is no gift to leave to future generations, as Ralph Waldo Emerson said; "a man in debt is so far a slave".

Faith-based Economics at the Treasury Committee

Jonathan Portes | Posted 15.01.2013 | UK Politics
Jonathan Portes

Faith-based economics (over the last 10 years, not just the last two) got us into this economic mess; it won't get us out of it.

Walking on Glass: Why We're Facing Another Half Decade of Recession

Tom Stevenson | Posted 06.01.2013 | UK Politics
Tom Stevenson

To hope that the commitment to cutting public spending in the name of deficit reduction will be reversed in the face of continuing recession and little effect on the deficit currently seems highly optimistic - the major political parties united as they are in almost unwavering support for it. So long as it continues so will recession.

Size Matters - in Which I Ask About the Role of the State

Dr Prateek Buch | Posted 17.12.2012 | UK Politics
Dr Prateek Buch

I find it hard to have a reasoned debate on the role of the state in our political economy - which is what the discussion about size ultimately stems from - on the basis of percentages, or comparisons of percentages between nations/eras.

What Explains Poor Growth in the UK? The IMF Thinks it's Fiscal Policy

Jonathan Portes | Posted 09.12.2012 | UK Politics
Jonathan Portes

Everyone agrees growth since 2010 in the UK has been very disappointing. But there has been much debate about why - was it cutting the deficit too quickly, was it the spike in inflation resulting from commodity price rises, was it the impact on confidence from the eurozone?

When The Elections Are Over

Andy Langenkamp | Posted 24.11.2012 | UK Politics
Andy Langenkamp

The most likely outcome of the 6 November elections is that not much is going to change in a relative sense. We foresee a second term for Obama, a (dark) red House of Representatives, and a Senate where the Democrats will win by a hair (although the latter is far from certain).

The Cycle of Market Slump and Rally is Making me Feel Like I'm Featuring in Groundhog Day

Brian John Spencer | Posted 16.11.2012 | UK Politics
Brian John Spencer

The rhythmic rise and fall of market sentiment has become depressingly familiar; so much so that I feel like I'm stuck in some sort of time loop, with the same string of events repeating itself over and over again.

Fail-Fail Solutions: Politics, Economics, and Equal Rights

B.J. Epstein | Posted 02.11.2012 | UK Politics
B.J. Epstein

With the presidential election coming up in the United States later this year, there are a lot of discussions about the two main parties and what they stand for. Or at least there should be - sometimes it seems as though elections are more like popularity contests than serious decisions made based on policies.

Occupy Wall Street = Mainstream Fail

Jason Reed | Posted 03.12.2011 | UK
Jason Reed

Occupy Wall Street is heading for its third week of protests. The movement was hesitant in its first steps, but it's now picking up momentum and spre...

Double dip in the US? If Only...

Erik Britton | Posted 17.10.2011 | UK
Erik Britton

A double dip recession in the US remains unlikely, in spite of the weak second quarter and downwards revisions to earlier GDP data. All the leading indicators suggest that it is not going to happen. And, even if it does happen, it's not the worst outcome.