Forget Greece: The world’s real challenge is the decline in potential growth June 17, 2015 Potential output may not be sexy, but it is critical to an economy’s future performance. A supply-side concept, it is defined as the level of output consistent with stable inflation. Unfortunately, it all too often gets lost in the heated debate over the demand side of the economy. But potential output is central to a [...]
End Austerity Now march will completely disrupt parts of the City around Bank and Mansion House, say City of London Police June 17, 2015 A major protest against austerity measures will take over central London this Saturday – and people are being warned to avoid certain parts of the capital as a result. The End Austerity Now march, which is being organised by the People's Assembly Against Austerity and supported by several unions and pressure groups, is expected [...]
Tens of thousands to take over London as part of huge anti-austerity demonstration: Here’s where the protests are planned June 15, 2015 A major anti-austerity demonstration is expected to take over much of central London this Saturday (20 June). Organised by the People's Assembly Against Austerity, the protest will include anti-war factions, anti-racism and anti-fascism groups, and demonstration about housing and proposed changes to strike laws. Demonstrations are expected to take place throughout the UK [...]
Queen’s Speech 2015: Five arrested after anti-austerity protest turned violent outside Downing Street, Trafalgar Square May 28, 2015 Five people were arrested after the anti-austerity protest in Whitehall and Trafalgar Square turned voilent yesterday. A 17-year-old was arrested on suspicion of assault on police during the demonstration, which had been organised by the People's Assembly Against Austerity. Another was arrested on suspicion of violent disorder and possession of an offensive weapon. [...]
Queen’s Speech 2015: Anti-austerity protest targets Downing Street May 27, 2015 The Queen's Speech has come and gone but even after the debates in parliament this afternoon, Downing Street will still be a hive of activity. An anti-austerity protest has been organised to coincide with the Queen's Speech, with campaigners targeting Downing Street shortly after the official state opening of parliament. The People's Assembly [...]
QPR owner Tony Fernandes must implement austerity measures with £58m Football League fine approaching May 15, 2015 Relegation is always a testing experience for any football club, but for Queens Park Rangers this season the drop comes with more uncertainty than usual. QPR are facing the prospect of a massive £58m fine from the Football League as their financial performance is deemed to be in breach of the league's financial fair play [...]
Paul Krugman blasts “limpness” of Ed Miliband’s response to the austerity debate April 29, 2015 Nobel Prize-winning economist Paul Krugman has penned a scathing article in The Guardian, slamming the Tories' plans for deeper spending cuts and chastising Labour for its feeble response. Krugman blasts Ed Miliband for the "limpness" of his response to the Conservatives' drive for further austerity. In words that would warm the hearts of those Labour stalwarts [...]
General Election 2015: Austerity “would last longer under SNP” – IFS April 23, 2015 Austerity would last longer if the Scottish National Party’s (SNP) spending plans were followed, the independent Institute for Fiscal Studies (IFS) revealed this morning. At points, their proposed squeeze on public spending would also be tighter than others. In an extensive pre-election document comparing the fiscal plans of the Conservatives, Labour, the Liberal [...]
SNP manifesto: Nicola Sturgeon promises Scottish veto on Brexit, end to austerity and higher taxes April 20, 2015 Nicola Sturgeon has vowed to end austerity economics at the SNP's manifesto launch at a rock climbing centre in Edinburgh. Sturgeon said that under no circumstances would the SNP do a deal with the Tories in the event of a hung parliament but would act to embolden a minority Labour government and shift policy to [...]
Labour party confused over austerity: Chuka Umunna clashes with Jim Murphy as Nicola Sturgeon soars in the polls April 13, 2015 As Labour attempts to claw back its credibility on the economy, two senior figures appear to be at odds with the party's approach to austerity. Ed Miliband presented Labour's manifesto in Manchester today with an eye-catching budget responsibility lock. Labour claimed their manifesto was fully costed and required no extra borrowing with the current deficit [...]