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UK household debt hit an all-time high before the Coronavirus. Now it’s the next crisis the government has to tackle – and only a suspension of repayments will do.
We welcome the government’s new measures to support workers, particularly the introduction of grants for wage support. But despite the scale of these spending commitments, there is a real danger that millions of workers will not feel their benefit.
A global economic crisis has been waiting to happen for several years, now Coronavirus is triggering that crisis. PEF Council member Guy Standing makes the case for introducing a Basic Income as a first step toward dealing with the pandemic.
This week a number of PEF Council members alongside figures from across economics, environmentalism and other fields signed this open letter to the governor of the Bank of England. The letter can be read here.
The Treasury has always acted as a restraining influence on elected governments. The Prime Minister’s move is good news for democracy.
Robert Skidelsky argues the ousting of Chancellor of the Exchequer Sajid Javid points toward a broader global shift in economic policy.
Joan Robinson first defined the term “macroeconomics” that appears in the title of these five blogs.. If John Maynard Keynes was the “father” of modern macroeconomics, Robinson was clearly its “mother”.
PEF’s Council Coordinator summarises the argument of his latest work, The Debt Delusion, confronting the household budget fallacy that has been used to rationalise a decade of needless austerity.
As part four in the series, PEF Council Coordinator John Weeks writes on John Maynard Keynes’ vital contribution to macroeconomics.
Guy Standing argues economic growth is a poor indicator of social progress, dependent on the exploitation of nature and the use of vast amounts of energy. Instead, Standing calls for a renewal of progress in the Enlightenment sense.
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