The trivialisation of fiscal policy
This week, the government and press celebrate a ‘record budget surplus’ – revealing a dire misunderstanding of the aims and workings of fiscal policy.
The trivialisation of fiscal policy Read More »
This week, the government and press celebrate a ‘record budget surplus’ – revealing a dire misunderstanding of the aims and workings of fiscal policy.
The trivialisation of fiscal policy Read More »
“The periodic interest rate announcements so avidly reported by the media obscure and may even undermine the serious work that the Bank of England should be doing.”
The trivialisation of monetary policy Read More »
The Financial Times reported positively on August’s employment statistics – but a deeper look into the data reveals some strange trends.
Falls in under-50s employment, hours worked and real wages: what does this mean? 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 »
Today the ONS released its first estimates of GDP growth in April-June 2018. Here, the PEF Council react to the figures and tell us what they mean for the UK economy.
Latest GDP figures: the PEF Council reacts 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 »
The problem with leaving all policy-making to technocrats at the central bank is that the MPC has very few tools with which to address Britain’s economic malaise. It has only the rate of interest rate as a tool with which to influence rates across the spectrum, and the exchange rate.
What is wrong about the Bank of England’s decision today? 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 »