From the TUC

Economics (page 2)

Note to Philip Hammond: In ALL 32 OECD countries that cut spending, economic growth was seriously damaged

14 Jul 2016, by in Economics

Since 2010, under the direction of international organisations and most economists, governments across the world have cut spending in order to restore public finances to health. OECD figures show this strategy has failed. Cuts have greatly damaged economic growth – to a far greater extent than anticipated. As a result, little order has been restored…


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A short post about government debt

24 Jun 2016, by in Economics

This morning I was having a look at the Office for National Statistics’ new Population Estimates (as you do) when I came across a reference to a report they published at the end of last month, which I’m ashamed to say I missed at the time. UK Perspectives 2016: The UK in a European context…


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The profession that cried wolf: ‘Expert opinion’, the referendum and the IMF

20 Jun 2016, by in Economics

A dominant theme in the referendum campaign is the unwillingness of the public to listen to expert advice. The economics editor (Chris Giles) of the Financial Times despairs: “Economists have never been more united in supporting a vote to remain, yet the profession increasingly appears incapable of persuading the public of Britain’s national interest”. But…


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