Avoiding real wage falls for a grand total of nine months – outside of recession time, no less – is not cause for celebration.
BBC analysis of labour market statistics misses the point Read More »
The UN has just issued a damning report on the UK’s policy failures over the past eight years, cataloguing and condemning the “unnecessary misery” inflicted by the policy.
The UN is worried by UK austerity – so how do we end it? Read More »
Much of the Chancellor’s upcoming Budget (October 29) risks being made irrelevant by the culmination of Brexit negotiations in the following month. But we should be aware of one announcement that is likely to have a lasting impact on the shape of government spending – the size of the ‘spending envelope’
The size of the Chancellor’s envelope: why does it matter? Read More »
Despite record rates of unemployment, wage growth has slowed and underemployment remains high – workers are ultimately bearing the cost of labour market power imbalances and underinvestment.
Underemployment, underinvestment and power: why wage growth has slowed Read More »
Engagement with the deeper reasons for Brexit is a necessary demonstration of respect for the electorate, absent from much of the pro-Brexit lobby. The attempt to undermine these efforts on grounds of being ‘patronising’ is a classic neoliberal tactic, with origins in (neoclassical) economics.
New research on austerity and Brexit, old neoliberal tricks Read More »
PEF economist Michael Davies warns against false optimism off the back of the latest ONS Wealth and Assets Survey results, and highlights the particular challenges faced by young people and the North East.
ONS Wealth and Assets Survey: Young people, North East fare badly Read More »
This afternoon, Prime Minister Theresa May announced increases to NHS funding in her speech at the Royal Free Hospital in London. While the proposed spending increases are to be welcomed, they remain inadequate in the face of the challenges our health service faces.
Response to Theresa May’s NHS speech Read More »
Hammond’s deficit-reduction framework is an edifice with no grounding in economics. By ruling out borrowing for capital spending, the government will be forced to either underinvest in the UK’s future or wreak further havoc on frontline public services.
Bad economics is holding Britain back Read More »
The IMF’s Fiscal Monitor report perpetuates fictions about the dangers of government debt, while ignoring the impending private debt crisis and its link to austerity.
Not all debt is bad Read More »
