Tag Archives: doubledip
Watch out, George Osborne: Smith, Marx and even the IMF are after you
When even the IMF’s free market ideologues recoil from the UK chancellor’s austerity politics, democracy itself is at stake George Osborne and his Treasury officials are gearing up for a fight. They’ve promised to make life difficult for the other … Continue reading
Ripped-off Britons: Is the UK national debt at a historical high?
Actually it’s lower than it has been for most of the last 300 years. In the Autumn Statement of 2012 the chancellor???s idea of ???more Austerity??? was not much of a surprise. To prove “we are all in it together” Osborne cut benefits for the poor and d… Continue reading
Britain’s economy cannot be revived with Osborne’s phantom billions – Will Hutton
It is hard to decide which is more worrying ??? the desperate economic conditions through which we are living, or the poverty of imaginative thinking about what to do. The current consensus is that it will only be in 2014 that Britain’s output wil… Continue reading
Finally! Exposed! The Deficit Myth! – Ramesh Patel, HuffPost
“A lie gets halfway around the world before the truth has a chance to get its pants on” – Winston Churchill As a Conservative I have no pleasure in exposing David Cameron’s deficit claims. However, as long as the party continues to talk down the e… Continue reading
Charts that tell the tale of stagnation Britain
via guardian.co.uk Continue reading
A million working adults face benefits cuts next year
Nearly 1.2 million people may be sanctioned if they do not obtain extra work, increase their hours or find a higher paying job Nearly 1.2 million working adults will for the first time next year face losing some of their benefits if they do not co… Continue reading
Credit crunch: from boom to bust – How the world’s economy plunged into recession
9 August 2007 BNP Paribas freeze three of their funds, indicating that they have no way of valuing the complex assets inside them known as collateralised debt obligations (CDOs), or packages of sub-prime loans. It is the first major bank to acknow… Continue reading
Michael Meacher: The scourge of our wealth divide
From Guardian Letters, Wednesday 2 May 2012 The annual Sunday Times Rich List yields four very important conclusions for the governance of Britain (Report, Weekend, 28 April). It shows that the richest 1,000 persons, just 0.003% of the adult popul… Continue reading
UK recession deeper than thought
The UK has fallen deeper into recession than previously thought, confirming that the country has officially entered a double-dip. Data from the Office for National Statistics showed that the economy shrank faster than previously estimated between … Continue reading
UK economic outlook getting worse, warns Bank of England
A sharp deterioration in the outlook for the global economy over the last six weeks provoked Bank of England governor Mervyn King to back an extra ?50bn of quantitative easing, MPs heard on Tuesday, adding to the gloom surrounding the UK’s prospec… Continue reading
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