Tag Archives: recession
Labor’s Falling Share, Everywhere
When I was getting my feet wet in economics back in the late 1970s and early 1980s, it was conventional wisdom that the share of national income going to labor fluctuated a bit from year to year, but didn’t display … Continue reading
Young and poor hit hardest as UK cuts widen inequality, says OECD
Senior analyst says coalition has chosen policies likely to ‘fall on the back of the poor population groups’ The OECD has warned that Britain faces rising levels of inequality by pursuing austerity polices that are widening the gulf between rich and poor. In a … Continue reading
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
The Layman’s Case Against Austerity
By Stephanie Kelton. Cross posted from New Economic Perspectives Steve Kraske of The Kansas City Star recently interviewed me for a piece about austerity. The story ran in today’s paper. It doesn’t provide much depth (unlike bloggers, journalists have strict space constraints!), so … Continue reading
From the BBC: how not to eat healthily for £1 a day
Originally posted on Aethelread the Unread:
The BBC have published an article by one Brian Milligan, which purports to show that it is possible to eat a healthy, varied diet for less than £1 a day. The article is –…
UK public finances show January surplus
The UK’s public finances recorded a surplus of £11.4bn in January, £5bn higher than in the same month last year, according to figures from the Office for National Statistics (ONS). January often records a surplus thanks to an influx of … Continue reading
Poor have suffered bigger hit to incomes than rich, says Bank survey – Independent
The poor have seen their incomes squeezed more than the rich over the past year and households are reining in spending as they grapple with uncomfortably large debt burdens, a new survey commissioned by the Bank of England reveals today. The surve… 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
Exposed: the myth of a ‘culture of worklessness’
Stories about the real extent and problem of worklessness are finally making headlines, jostling with those about “welfare scroungers” and “shirkers” and “strivers”. Last week, the Joseph Rowntree Foundation revealed the scale of “in-work poverty”… Continue reading
Britain’s real shirkers and scroungers – Shuvo Loha: Comment is free
The cost of living is not in line with income, so the state steps in ??? saving big business money and lining landlords’ pockets The autumn statement saw the chancellor lay a fiendish trap for the Labour party. He has devised a “welfare uprating b… Continue reading
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