×

Economy

These two men blew a golden opportunity to tackle welfare dependency.  (Photo by Steve Eason/Hulton Archive/Getty Images)

New Labour’s greatest failure

16 April 2014 18:58

My friend and critic Jonathan Portes obviously took exception to my remarks about Keynesianism having been disproven. His entertaining rebuttal claims to have exposed my misreading of data. That’s not… Continue reading

84 Comments
Bank Of England Cut Interest Rates To All Time Low

Inflation falls again

15 April 2014 10:06

Wages in the private sector are now rising faster than inflation. The latest CPI inflation figures show that it now down to 1.6 per cent, comfortably below the Bank of… Continue reading

9 Comments
World Leaders Meet For G8 Summit AT Lough Erne

Ukraine increases mistrust and misinformation between Russia and the West

14 April 2014 8:48

The tense situation in Ukraine has escalated overnight. A deadline has passed for pro-Russian agitators to vacate government buildings in eastern Ukraine or face military action. There is no indication… Continue reading

73 Comments
SajidJavidF

Sajid Javid’s first task is to recognise that the price of a cultural asset lies in its value as art

12 April 2014 10:30

The suggestion, made by the poet Michael Rosen and others, that Sajid Javid is not sufficiently cultured to be Culture Secretary is as ludicrous as it is pompous. The secretary… Continue reading

59 Comments
Image: Getty

France – worker’s paradise or Steynian Dystopia?

11 April 2014 14:12

Un autre jour glorieux dans la lutte contre réalité économique. France’s major employers’ federation and two unions have signed an agreement whereby employees not subject to the country’s 35-hour labour… Continue reading

27 Comments
Image: Getty

Osborne banks the recovery – and whacks his critics

11 April 2014 8:49

A few months ago, colleagues of George Osborne were worried the Chancellor risked ‘banking the recovery’ too early. If they’re still worried about that, then Osborne certainly isn’t. Today he’s… Continue reading

162 Comments
Image: Getty

George Osborne’s ‘fight for full employment’ speech – full text

31 March 2014 12:28

In a speech given at Tilbury Port in Essex, Chancellor George Osborne hailed cuts to business and personal taxes this week as the ‘biggest in two decades’ – and committed… Continue reading

15 Comments
Mark Field MP, who launched the Conservatives for Managed Migration group today. Photo: BBC.

‘Net migration’ is bogus. Maybe we should look at ‘net foreign migration’?

26 March 2014 10:21

Mark Field, MP for Westminster, has set up a brand new campaign group of Tory backbenchers called Managed Migration – as opposed, you might think, to the unmanaged sort we… Continue reading

25 Comments
The Chancellor George Osborne Prepares To Give His Budget To Parliament

George Osborne readies his tax dividing line

16 March 2014 11:08

George Osborne was on Andrew Marr this morning announcing support for a new garden city at Ebbsfleet in Kent and the extension of Help to Buy on new build homes… Continue reading

22 Comments
food_-_iceberg_lettuce

The poetry and poignancy of the Consumer Prices Index

14 March 2014 9:39

Tufted carpets out, flavoured milk in. Canvas shoes in, take away coffee out. Last year we accepted spreadable butter, dropped round lettuce. In 2006 we let in the chicken kiev… Continue reading

5 Comments
Image: Getty

Does Alex Salmond want to swap rule from London for rule by OPEC?

4 March 2014 17:30

Another day, another hole blown in Alex Salmond’s case for breaking up Britain. The IFS has today published its estimates (based on the OBR’s) for Scottish oil and gas revenues,… Continue reading

62 Comments
David Cameron

David Cameron’s moral mission on public spending

4 March 2014 8:57

David Cameron’s speech on the economy today is designed to hit Labour on its weak spot again: reminding voters that while this government is trying (with varying levels of success)… Continue reading

22 Comments
Image: Getty

Net migration is up, but net migration is a meaningless term

27 February 2014 15:34

The latest figures showing a big increase in net migration are a blow to the Conservatives, although it obviously reflects on the relative strength of the British economy; at least… Continue reading

98 Comments
Chancellor of the Exchequer George Osborne Visit Lloyds TSB Bank

Today’s borrowing figures are bad for the Tories, but they’re not good for Labour either

21 February 2014 17:59

Today’s borrowing figures are, on the surface, not good for the Tories. The surplus on the public finances in January 2014 was lower than for the same month in 2013,… Continue reading

92 Comments
Governor of the Bank of England Mark Carney. Image: Getty

An EU referendum isn’t ‘bad for the economy’ – businesses want it to happen

18 February 2014 10:30

Mark Carney has been a very successful Governor of the Bank of England. Since coming to office in June last year, the British economy has gone from strength to strength.… Continue reading

72 Comments
Image: Getty

Why Osborne’s recovery might not be based on debt

31 January 2014 16:01

Is George Osborne’s recovery a credit-driven illusion? Many of his critics says so, and ask – as this magazine did two weeks ago – why we still have emergency interest… Continue reading

25 Comments
Image: Getty

Today’s GDP figures are useful ammunition for the Conservatives

28 January 2014 11:16

That the UK economy grew by 0.7 per cent in the final three months of 2013, leading to the fastest growth annually since the financial crisis, is obviously very good… Continue reading

53 Comments
BRITAIN-FINANCE-ECONOMY-GROWTH-BUDGET

The Tories’ economic tightrope

24 January 2014 8:50

When things were going pretty badly for the Conservatives, ministers reassured one another that soon they’d be able to start hitting back at Labour with statistics. They’re doing that now… Continue reading

89 Comments
Image: Getty

Ed Miliband’s ‘One Nation Economy’ speech: full text and audio

17 January 2014 11:59

listen to ‘Ed Miliband's ‘One Nation Economy’ banking reform speech’ on Audioboo Today I want to tell you what the next election is about for Labour. It is about those… Continue reading

30 Comments
The Left often fails to see the social and moral contexts through the economic fog.

Owen Jones’s letter to Ukip voters exposes the Left’s blind spot

16 January 2014 14:47

I try to avoid mentioning Owen Jones because he already gets so much attention from people on the Right, including quite a lot of abuse on t’internet; the poor man’s… Continue reading

47 Comments
Image: Getty

Ed Miliband’s problems are mounting

15 January 2014 13:40

Today’s PMQs has left Ed Miliband with a strategic headache. Miliband’s new less-Punch and Judy approach to PMQs isn’t working. In large part, this is because Cameron — who thinks… Continue reading

74 Comments
Labour's poll ratings fall as the economy continues to improve. Photo: Getty Images.

Labour’s poll woes as economy grows

14 January 2014 22:09

Is the improving economy harming Labour’s standing? According to a new Guardian/ICM survey out today, Labour is still ahead of the Conservatives by three points — but the gap is… Continue reading

65 Comments
Screen Shot 2014-01-06 at 11.53.26

George Osborne’s New Year speech on the economy

6 January 2014 11:59

Earlier today the Chancellor gave a speech on the economy where he set up a choice for politicians: cut back on welfare, or hurt ‘hard working families’ with tax rises… Continue reading

10 Comments
Image: Getty

The Tories have to fight on their ground, not Labour’s

8 December 2013 13:46

At the beginning of the autumn, strategists from all three parties assumed that the theme of the season would be Labour’s poll lead narrowing as the economic recovery picked up… Continue reading

133 Comments
Someone rid us of that awful slogan!

Someone rid us of the awful slogan: ‘hardworking families’

2 December 2013 16:40

This is a message to any politician out there thinking of using the phrase ‘hardworking families’ or ‘hardworking people’ – I will look for you, I will find you, and… Continue reading

39 Comments