From the TUC

Economics (page 172)

Now that we’re owners

08 Oct 2008, by in Economics

It’s a peculiar day. The banking sector has been partially nationalised  and with universal support. The Tax Payers’ Alliance accepts that this is the only game in town. The Conservatives are trying to sound tougher on the banks than the government. I suppose that there must be some fruit-loop market fundamentalists that oppose today’s rescue package in…

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They Just Don’t Get It #2: Digby Jones

08 Oct 2008, by in Economics

At least when Digby Jones was a member of the government he was bound by collective responsibility, even if from time to time he stretched it rather more imaginatively than most. But today he has popped up on the BBC News Channel as the ambassador for the Prime Minister’s Economic Advisory Committee. He looks like…

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Richard Freeman on what the credit crunch means

03 Oct 2008, by in Economics

Richard Freeman is a top labour market economist – a professor at Harvard and senior fellow at the LSE – who takes a sympathetic ‘critical friend’ interest in the trade union movement. I’ve only just spotted this post from a few days ago from the US blog Today’s Workplace. Its conclusions will not surprise, but it…

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The FT’s must reads

03 Oct 2008, by in Economics

The op-ed page of the FT today is pretty essential. Both John Monks, now of the ETUC, but my old boss, and Nick Clegg , of the Liberal Democrats, stress the need for a European response to the financial crisis. The anger in the UK government at the Irish decision to provide unlimited protection for…

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Science, civilisation and humanity

02 Oct 2008, by in Economics

Yesterday saw the publication of Professor Bill Wakeham’s report into the health of UK physics. The Wakeham Review had a strange remit. It seemed to be a response to controversy about the short-term funding settlement for physics, yet it was asked to take a long-term look, deliberately not addressing immediate concerns.

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Wanted: new industry policy to support UK manufacturing

01 Oct 2008, by in Economics

Today’s report from the Chartered Institute of Purchasing and Supply, showing that British manufacturing is shrinking at its fastest rate since records began, is more evidence, if more were needed, of the challenges facing the British economy. Levels of output, new orders and employment in the manufacturing sector recorded unprecedented declines last month, according to the…

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