2013 August 07

11

If the Bank of England says we need 750,000 new jobs we need a whole new economic policy. Call it the Green New Deal

Posted on August 7 2013

As the Guardian has put it this morning: The UK economy will need to generate around 750,000 more jobs before the Bank of England considers lifting interest rates from their
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2

Carney on Osborne’s achievement: this is the weakest economy in 100 years

Posted on August 7 2013

This is what Mark Carney had to say on the UK economy this morning to the BBC's Hugh Pym: This is the weakest economy on
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14

Beating unemployment is the goal – or is it? This is not a new policy to celebrate. It’s just a recognition of current failure

Posted on August 7 2013

Mark Carney has said that interest rates will not rise in the UK until unemployment falls from 7.8% now to 7%. Now there are various
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1

On inflation: the real worry remains deflation

Posted on August 7 2013

There will be much talk of inflation risk today. Candidly, overheated stock markets and house prices apart – both entirely Osborne’s fault – I don’t
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4

Blowing bubbles: George Osborne’s favourite song

Posted on August 7 2013

West Ham fans sign ‘I’m forever blowing bubbles’. So is George Osborne. He tried to reflate the economy via the City with QE. He has
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11

Forget the structural deficit: worry about the structural recovery

Posted on August 7 2013

We have been told for several years that the big concern in the economy is the structural deficit. I never agreed. I was never even
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