economy

Defeat for George Osborne

Rachel Reeves MP  |  2 July 2016

George Osborne is trying to clear the decks for the new Tory leader by getting the government’s mistakes out of the way now. Yesterday he signalled that his great mission of delivering an overall budget surplus by 2020 was to be consigned to history less than a year after he had first promised it. He failed to …

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Tory Leavers have repudiated their own economic policy

Stephen Beer  |  16 June 2016

George Osborne and Alistair Darling have stated that if the United Kingdom votes to leave the European Union, there will need to be an emergency budget. Not surprisingly, their claim has been criticised by the Leave campaign, but the central point is surely correct whether or not we are adherents to the austerity cult. The …

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‘It’s about jobs, jobs, jobs’

Alison McGovern MP and Nick Forbes  |  28 April 2016

Alison McGovern: Thank you for showing me lovely Newcastle, it’s been really great. Clearly people here have voted Labour, we had gains last year in 2015 when we didn’t win nationally. If you had to say, if I had to force you to say why you think more people came out and voted Labour in …

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Steady growth or a slowing economy?

Peter Hain  |  18 April 2016

Kitty Ussher has been looking at the UK economy through rose-tinted spectacles in her surprisingly over-optimistic assessment of Britain’s growth prospects under George Osborne. Ussher says that ‘the economy is in good shape’ and that the Office for Budget Responsibility ‘expects it to keep growing steadily’. In reality the UK economy is losing momentum, not cruising along comfortably. …

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Taxing questions for the chancellor

Rachel Reeves MP  |  15 April 2016

The leaked Panama Papers shone a light on the murky world of tax havens and will have far-reaching implications across the world. People are rightly angered that a super-rich elite strive to avoid or evade paying their taxes. David Cameron’s use of an offshore trust was eventually dragged out of him when he published his …

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The good, the bad, and the unpredictable

Kitty Ussher  |  12 April 2016

The threat of Brexit aside, the economy looks set to continue improving, says Kitty Ussher Regardless of the politics of the matter, the main news from last month’s budget is that the economy is in good shape. Of course, that is not to say there is not room for improvement, or that our country is structured …

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The March megashambles

Seema Malhotra MP  |  31 March 2016

We need prosperity that is fairly shared You might have thought George Osborne would have learned a lesson from his 2012 omnishambles budget. Not a bit of it. He surpassed himself with a megashambles. No budget has unravelled as quickly and as comprehensively as this one did. Within a couple of days its main revenue-raising …

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Liveblog: budget 2016

Alison McGovern MP  |  16 March 2016

Follow all of today’s budget as it happens, with reaction and comment from chair of Progress Alison McGovern MP and tweets chosen by the Progress team.

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Osborne’s fantasy budget

Rachel Reeves MP  |  4 March 2016

Britain’s potential must be Labour’s cause  —Britain is well placed to prosper in the 21st century. Along with blue chip global brands, we can boast a mid-sized business sector to rival Germany’s Mittelstand and a growing army of self-employed entrepreneurs, as well as world-class public institutions that are key to our economic strength such as our …

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An end to the zero-sum economy

Dan Faundez  |  18 February 2016

By articulating a vision that spoke about the future and connected with people’s aspirations, the Labour party was able to win three successive general elections. In simplistic terms, the model for the political economy was that government intervention was limited to address market failure and the proceeds of taxation were applied to invest in social …

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