Posts by Andrew Gamble

Andrew Gamble, Professorial Fellow at SPERI

Brexit blues: the election, austerity and leaving the EU

Andrew Gamble

The election will have profound consequences for Brexit, in a transformed political climate where the initiative has been handed to Labour What a difference an election makes. Two months ago Theresa May reversed her previous insistence that there would be no early election and called one.  She was twenty points ahead in the polls, her approval rating was plus 10 … Continue reading

29 June 2017 by Andrew Gamble
Categories: SPERI Comment Tags: , ,

Trump and Brexit

Andrew Gamble

Trump’s victory and Brexit could unravel the western economic and political order which has been the framework of world politics for the last seventy years Trump’s victory in the US presidential election has been compared to the vote for Brexit. Both were driven by the anger and despair of the white working class, and their rejection of the liberal, cosmopolitan … Continue reading

11 November 2016 by Andrew Gamble
Categories: SPERI Comment Tags: , ,

The Coming Crisis: we do not have much time

Professor Andrew Gamble

The political economy problems we face are complex and loom large; new solutions are needed and time is of the essence As the previous blogs in this series demonstrate, the political economy problems facing us are complex, intractable, and in many cases deepening. Recovery from the 2008 crash has been slow and uneven, and as Tony Payne points out, all … Continue reading

13 July 2016 by Andrew Gamble
Categories: Debt, Inequality, SPERI Comment, The coming crisis Tags: ,

Breaking up is hard to do

Professor Andrew Gamble

Early pointers to what the future may hold for post-Brexit Britain The consequences of the Brexit vote will take many years to be fully understood, and there are likely to be many twists and surprises on the way.  But here are a few pointers to what the future may hold. The Conservatives will unite Events since the Referendum result have … Continue reading

4 July 2016 by Andrew Gamble
Categories: SPERI Comment Tags:

Corbynomics: Part 1

Andrew Gamble

Although sharing many of the biases of the ‘alternative economic strategy’ developed on the left in Britain in the 1970s and 1980s, Corbyn’s economic programme is as yet no more than a pale reflection of the ideas of that era Corbynomics is high on aspiration, low on detail. The aspirations were set out in a short document produced by the … Continue reading

3 November 2015 by Andrew Gamble
Categories: Austerity, Debt, Economics, Employment, Politics and policy, SPERI Comment, Tax, Welfare Tags: , , , ,

A tale of two elections

Andrew Gamble

Labour is now confronted with a serious strategic dilemma, but the Conservatives also face huge economic and political challenges The election result surprised everybody, except perhaps Lynton Crosby.  The eleven pre-election polls accurately predicted the vote share of the Liberal Democrats and UKIP, but seriously underestimated the Conservatives and overestimated Labour.  Cameron needed a 7% lead over Labour to secure … Continue reading

11 May 2015 by Andrew Gamble
Categories: Economics, Europe and the EU, Politics and policy, SPERI Comment Tags: , , , ,

Inequality Redux VII

Andrew Gamble

Why ownership is at the root of inequality The debate on inequality often highlights the increasing disparity in incomes, but to understand why inequality is so persistent we need to ask why wealth is even more unequally distributed than income.  This requires an examination of structures of ownership, how they reflect concentrations of power, and create economic rents.  Redistribution of … Continue reading

2 April 2015 by Andrew Gamble
Categories: Civic Capitalism, Economics, Inequality, SPERI Comment, Tax Tags: ,

Competence or chaos?

Andrew Gamble

Cameron’s claim to be promoting sound finance is a pretence, a political game In a speech delivered at the end of last year David Cameron at last followed the advice which his election strategist Lynton Crosby has been urging and focused on the economy, seeking to build on the momentum of George Osborne’s Autumn Statement.  He carefully repeated the attack … Continue reading

13 January 2015 by Andrew Gamble
Categories: British growth crisis, Economics, Politics and policy, SPERI Comment, Tax Tags: , , ,

Deflation trap

Andrew Gamble

Neoliberalism will struggle to survive if western economies cannot find ways to increase demand The European Central Bank has consistently denied that there is any chance of the eurozone falling into deflation.  The ‘deceleration of prices’ in recent months has been dismissed as a temporary phenomenon soon to be reversed.  But the reality is that deflation is not going away. … Continue reading

2 September 2014 by Andrew Gamble
Categories: Economics, Finance, SPERI Comment Tags: , , , ,

Bad economics

Andrew Gamble

The dominance of the prevailing economic orthodoxy makes it hard for even modest reforms to gain traction The virulence of the reaction to the rather mild policy proposals unveiled by Ed Miliband in his conference speech tells us a great deal about the present state of debate about the economy, and how little affected the conventional wisdom has been by … Continue reading

8 October 2013 by Andrew Gamble
Categories: British growth crisis, Politics and policy, SPERI Comment

The 2013 UK budget: a triumph of hope over experience

Andrew Gamble

George Osborne’s strategy is failing, leaving him in need of a drastic reversal of fortune The budget of 2012 was a famous ‘omnishambles’, with many of its measures reversed within months.  George Osborne was determined to avoid a repeat in the 2013 budget.  Its measures were designed to appeal to aspiring voters – help with mortgages and childcare, a penny … Continue reading

26 March 2013 by Andrew Gamble
Categories: Politics and policy, SPERI Comment

In or out of Europe?

Andrew Gamble

Coming to terms with the political realities of the European project is essential if Britain is to make up its mind about Europe David Cameron’s long-delayed speech on Europe has been presented as a watershed moment in Britain’s vexed relationship with the EU, but its main purpose is to reduce some of the tensions within the Conservative party, to get … Continue reading

23 January 2013 by Andrew Gamble
Categories: Europe and the EU, SPERI Comment

The fiscal cliff

Andrew Gamble

Polarized politics in Washington have produced a deadlock over fiscal adjustment; a return to pragmatism is essential How seriously should we take the fiscal cliff? Ben Bernanke first used the phrase in January 2012. The deadlock between the White House and Congress over how to deal with the mounting fiscal deficits of the previous decade postponed any decision until after … Continue reading

11 December 2012 by Andrew Gamble
Categories: Finance, Global crisis, SPERI Comment, USA