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 »
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 »
The following is a transcript of Dr. Johnna Montgomerie’s speech at the launch of the Progressive Economy Forum, in which she discusses the intimate link between ‘public’ and ‘private’ debt and its implications for the debate around austerity.
The crisis of the debt economy and the end of austerity Read More »
Our current economic policy framework leaves a vacuum of responsibility for delivering an economy in which people can flourish.
The goals of economic policy Read More »
The following is a transcript of Patrick Allen’s speech at the launch of the Progressive Economy Forum in which he discusses his motivations for establishing the forum and the damage wreaked by austerity policies.
The launch of the Progressive Economy Forum Read More »
When change truly happens it at first strikes seasoned commentators as a pipe-dream; then undesirable; then ‘just about possible’ once the clamour for change becomes overwhelming. Finally change happens and the memories of the commentators change with it.
What might a progressive economy look like? Read More »
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