GDP

Labour’s challenge is to propose a genuine alternative

Stephen Beer  |  25 November 2015

The autumn statement represents what happens if you adopt the wrong economic policy for the times we live in. For reasons of misguided economics or political priorities, probably both, the government has committed to more years of spending cuts. Meanwhile, though the economy is currently growing at a reasonable pace (+2.3 per cent over twelve …

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Super Thursday – what it means for politics

Stephen Beer  |  6 August 2015

The Bank of England today once again held interest rates at 0.5 per cent. The Bank’s interest rate has not changed since March 2009. There was some expectation that the Bank might suggest a rate hike was close at hand but instead its inflation report has left some commentators with the impression that rates are …

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Tory plans are simply unrealistic and political

Stephen Beer  |  1 December 2014

The annual autumn statement this Wednesday is not just about the economy, it is very much a political event. Reports that George Osborne plans to introduce a law requiring the government to balance the budget by the middle of the next parliament illustrate that well. There is no economic justification for this. It is a …

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Why Labour must focus on growth too

Jonathan Todd  |  25 April 2014

I have never met James Morris, who wrote for LabourList yesterday, but he is clearly a bright chap. While there are things that I might quibble with in his piece, there is also perceptive insight. What Lewis Baston termed ‘the Todd thesis’ concludes that for every one per cent increase in the proportion of the …

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A mixed outlook

Stephen Beer  |  14 November 2013

Any concerns that the economic growth we saw in the summer would not last more than a couple of quarters have been dispelled by recent data. Private sector surveys in October – the purchasing manager indices – point to a further increase in economic activity. The PMI for the services sector, which makes up most …

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Inflating expectations

Stephen Beer  |  8 August 2013

The market reaction to the Bank of England’s latest Inflation Report was muted on the day. Nevertheless, the report has probably given economic optimism at least a short-term boost. The country needs a One Nation economic policy to make sure everyone benefits from rising economic growth. The August Inflation Report was keenly awaited because it …

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Building economic policy for improving times

Stephen Beer  |  16 July 2013

How would an improving UK economic performance affect political debate? We might be about to find out. As I’ve noted previously, there have been signs of growth in the UK economy. The past few weeks have supported that view. At the beginning of July the June Markit Purchasing Manager Index  survey figures were released. The …

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Getting to a fully fledged One Nation economic policy

Stephen Beer  |  27 June 2013

The long-awaited spending review was a depressing day for our public services. The announcement put the detail to the cuts to 2015-16 spending that were promised in the budget in March. For Labour, there were no real surprises and we had finally invested some time and thinking beforehand into building our economic credibility. The challenge …

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How does Labour respond to sustained growth?

Shamik Das  |  25 April 2013

Today’s GDP figures offer a glimmer of light for the economy, up 0.3 per cent following the previous quarter’s contraction, thus avoiding a triple dip and raising hopes of good times ahead. Though still small, the better than expected rise has allowed George Osborne to claim the data is ‘an encouraging sign the economy is …

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Next top model

Katrine Marçal  |  27 March 2013

Ed Miliband’s ‘Borgen tour’ highlighted Labour’s interest in Scandinavia. But what does the famed ‘Nordic model’ actually mean? Katrine Kielos explains THE ‘Nordic model’ is a popular concept but also a disputed one. Is the success of the Nordic economies due to high taxes and universal benefits? Or is it due to school vouchers and …

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