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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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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Simply ‘more jobs and growth’ may no longer be adequate

Alex White  |  18 February 2016

Does the left have a plan for the next economic downturn? When it comes to thinkpieces on why the left failed to make the most out of a global crisis in 2008, supply has far outweighed demand. But eight years on, a pressing task for the Labour party should be to prepare for the next …

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Look to Davos for partners for a new kind of growth

Stephen Kinnock MP  |  22 January 2016

I worked at the World Economic Forum in Geneva from January 2009 until 2012, and I will never forget the febrile mood of my first Davos in January 2009, just a few months after the collapse of Lehman Brothers. I don’t mean the personal sense of ‘new kid on the block’ trepidation that I was experiencing, …

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Labour’s moral mission

Edward Jones  |  8 December 2015

Freed from the workload of shadow ministerial brief, Tristram Hunt is clearly spending his time trying to contribute to Labour’s intellectual renewal. In the wake of Labour’s defeat in May, the Fabian Society’s Facing the Future programme has asked, ‘What would the Labour party look like if it were founded today’. To this Tristram Hunt’s …

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From industrial revolution to knowledge revolution

Paul Swinney  |  5 March 2015

In the United Kingdom we have a long history of attributing the struggles of cities outside of the south of England to the decline of more traditional industries. Politicians from all parties have sought to reverse these trends, but in seeking to improve city economies by replicating the industries of the past, we risk preventing …

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Promoting prosperity

Stephen Beer  |  15 February 2015

The UK economy is growing at a relatively fast rate at present. The first estimate of GDP growth in 2014 is that the economy expanded 2.6 per cent. Recent survey data suggest the rate of expansion increased across the economy last month. Lower fuel and food costs are boosting the income households have available to …

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Creating a fair system of internships

Ben Lyons  |  16 December 2014

Unpaid internships represent one of the biggest changes to employment since the start of the economic downturn, undermining the principle of decent work in three ways. First, unpaid interns usually do real work, undermining the minimum wage and potentially supplanting paid staff. Research for Intern Aware by YouGov showed that 82 per cent of businesses …

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Solving the skills mismatch

Tom Bewick  |  2 July 2014

For decades Britain has suffered a major skills mismatch, particularly at technician level. We have made some progress, but as recent poor productivity figures show, the country is not keeping pace with other advances economies. The Organisation for Economic Cooperation and Development last year ranked England 22nd out of 24 countries in terms of adult …

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Mending the fractured economy

Andrew Adonis  |  1 July 2014

At long last, the economy is growing. But it is not translating into well-paid, or even better paid, jobs nationwide because of deep structural problems in our fractured economy – mass youth unemployment, skills shortages, too few high-growth companies which innovate and export, poor infrastructure, and excessive centralisation on Whitehall. The facts are stark. Nearly …

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