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
Conservative Economics Exposed in Britain
I have long argued with friends of mine that voting for the Conservative Party in Britain (or the Republicans in America) basically means voting to help rig the government to benefit the rich. The political parties in both countries are two wings of a business party. One side ...read more
Tories Reverse Economic Agenda as Economy Teeters
Another nail in the coffin for neo liberalism in Britain (from the Guardian): An extra £5bn of capital investment, funded by spending cuts elsewhere, will form the centrepiece of an overall £30bn national infrastructure programme due to be announced by George Osborne on ...read more
Can We Now Accept That Conservative Economic Policy Has Failed?
George Osborne The British Conservative government has long argued that deregulation and austerity measures are key to Britain's economic health. According to supply siders David Cameron and his chancellor George Osborne, everyone must go through pain in order to rebalance the ...read more