Tag Archives: unemployment

Booming Britain

Economic recovery is now widely accepted as well underway. Turns out there was no double dip and growth has been better than expected so far this year. The week-end papers are full of stories of recovery in the services sector, … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

London calling

Major development in the city autonomy drive this week with a report from Tony Travers and team on the London Finance Commission, calling for the Treasury to hand £12bn of tax revenue to the GLA including the full suite of … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Rise of the Robots

Original digital musos Kraftwerk are in London this week and, as if to mark their powers of foresight, here comes news the US has added no net manufacturing jobs since the summer, even though manufacturing output growth is picking up … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

A tale of two economies

As economists in the UK ponder why anaemic recovery is accompanied by rising private sector employment, in the US better growth is coming through the standard route of improved productivity. The FT reports that businesses funded by the American Export … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Shifting gear to the slow economy

By the end of 2013 we had no more than reached the point where GDP was  0.6% above its 2010 level and 3% below the 2008 peak. The trade deficit widened to £3.6bn in November from £2.5bn in October, despite … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Or maybe not – the curse of the zombies and threat of a triple dip

The one ray of hope lately has been the low level of inflation. But the BoE extinguished that one this week with news that prices are heading up at a faster rate and are outstripping wage growth again. Inflation in October … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Jobs without growth

One of the many bizarre notions in orthodox economic theory is that workers make free decisions about how much labour they ‘choose’ to provide. If that theory applied in the UK today, it would have to explain why people are … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment