Economy of the United Kingdom
Bank of England Slashes Growth Prediction to Zero, Slams Austerity
The Daily Banter headline grab (from the Independent): The Bank of England today appeared to rule out an early cut in interest rates to boost the flagging economy despite slashing its growth forecasts for this year to zero. In its quarterly inflation report, the Bank admitted ...read more
Shocking Negative Growth Numbers in UK Yet More Proof Austerity is Failing
This is getting quite boring, repeating over and over and over again that austerity measures are hurting rather than helping countries mired in recession. Q2 GDP growth figures came in for the UK economy at a shocking -0.7 per cent, far worse than predicted (the general consensus ...read more
The Economic Speech The Tory Goverment Should Have Given
Martin Wolf in the FT on what the Chancellor of the Exchequer should have said when it got into power, rather than box itself in with a rigid economic philosophy that clearly isn't working: “Our country is in a deep economic and fiscal hole. This is the result of mistakes made ...read more