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04

Dec

Growth, not the deficit, is what really matters

The Autumn Statement performances today shows our political leaders on both sides should stop fixating reducing the deficit to zero. Today’s Autumn Statement perfo…

  • Category: Economic Policy

18

Mar

What would a good economic recovery look like – and is this one?

The employers’ organisation, the CBI, certainly thinks that the economy recovery which started some twelve months is a good one. In a press release put out last month, its Director…

  • Author: Peter Kenway
  • Category: Economic Policy

06

Mar

Even working households need help to pay for ‘affordable housing’

Rises in social sector rents undermine work, welfare reform and deficit reduction. The headline finding in last week’s English Housing Survey was that there are now more private r…

  • Author: Hannah Aldridge
  • Category: Housing and Homelessness

29

Jan

Labour's balanced budget pledge is banking on growth

Hostility to Ed Balls’ Fabian Society speech on a future Labour government’s economic policy has been directed towards the promised return of a 50 pence top rate of tax on annual i…

  • Author: Peter Kenway
  • Category: Economic Policy

04

Dec

Memories of the Major administration: what growth looks like and why it is not enough

What does a period of sustained economic growth look like? Twenty years ago, the UK was in the early stages of a recovery that went on to become the best eight years for the UK eco…

  • Author: Peter Kenway
  • Category: Economic Policy

13

Sep

Lehman, five years on

Five years ago on Sunday, the American investment bank, Lehman Brothers, was declared bankrupt. Here we take a quick look at some of the economic and social changes since 2008, Fi…

  • Author: Tom MacInnes
  • Category: Economic Policy

28

Mar

The public sector deficit through the looking glass

Reducing the public sector deficit has been the Coalition's number one economic goal from the start. Inheriting a record deficit in 2009/10 – Labour’s last year –…

  • Author: Peter Kenway
  • Category: Economic Policy

20

Mar

Osborne's budget challenge and the spirit of 97

George Osborne’s problem is how to rid himself of the spirit of ’97. Seeing as this year ranks second only to 1945 in the roll-call of Labour triumphs and Tory disasters, this may …

  • Author: Peter Kenway
  • Category: Economic Policy

03

Dec

The implications of a freeze on benefits

It has been widely rumoured that the Chancellor will announce in the Autumn Statement on Wednesday that the value of some benefits will be frozen to reduce the public sector defici…

  • Author: Hannah Aldridge
  • Category: Social Security and Welfare Reform

03

Sep

A New Golden Rule

The proposal for a new ‘golden rule’ for the conduct of macroeconomic policy, published in a new report by the Fabian Society, takes our earlier arguments about the importance of c…

  • Author: Peter Kenway
  • Category: Economic Policy

30

Nov

Bad news - households are paying off their credit card bills

Back in October, the text of the Prime Minister’s speech to the Conservative party conference called upon households to pay off their credit card debts . By the time he came to del…

  • Author: Peter Kenway
  • Category: Economic Policy

29

Jul

United States sector balances over five decades

Analysing the US sector balances shows not only a huge budget deficit but unprecedented and equally problematic corporate and overseas surpluses. The surpluses or deficits of a na…

  • Authors: Anthony Lord, Peter Kenway
  • Category: Economic Policy

04

Feb

A chronic corporate sector surplus

The corporate sector surplus did not just emerge on the back of the recession but has instead been ever present since 2002.  While a temporary surplus is quite normal, a persistent…

  • Author: Peter Kenway
  • Category: Economic Policy

25

Jan

More than the deficit

At more than 10 per cent of GDP, it is not surprising that all political parties accept that the UK’s public sector deficit must be substantially reduced. Based on what a household…

  • Author: Peter Kenway
  • Category: Economic Policy

19

May

Shrinking the state?

 All major political parties now accept that the public sector deficit must be cut and the growth in the debt brought under control. With total public spending as a share of GDP cl…

  • Author: Peter Kenway
  • Category: Economic Policy

30

Mar

Cutting government borrowing: damned if you do and damned if you don't?

At first glance, the dispute in February among economists about how and when to cut the level of government borrowing, waged through letters to newspapers, seems to have had no dec…

  • Author: Peter Kenway
  • Category: Economic Policy