Tag Archives for debt

Reassessing Corbynism: success, contradictions and a difficult path ahead

Corbyn’s success in building an alliance that extends from Greens to UKIP voters only postpones the moment of Labour’s reckoning with Brexit The trickle of mea culpas from the rapidly diminishing band of Corbyn-sceptics following the election result has now turned into a flood, and not without cause.  Once widely-held truisms – Corbynism is a ‘movement’ more clicktivist than canvasser, … Continue reading

13 June 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , , | 2 comments

That was the Crisis that was: the 2017 election and the strange demise of the 2007-08 crisis

Chris Kirkland

Despite dominating UK politics for the last decade the crisis has been a notable absence from the 2017 general election campaign 2017 marks the tenth anniversary of the onset of the economic crisis. For the past decade and the last two UK general elections in 2015 and 2010 the issue of the economy has been the central focus of political … Continue reading

7 June 2017 by
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The dualities of debt and the politics of frustration

Stephanie Mudge

Understanding the complexities of how people understand debt could provide a key insight into the ‘politics of frustration’ in the US With thanks to the following students for their contribution to the research outlined here and for editorial assistance: Cesar Andrade, Nayelo Buenrostro, Kira Burnett, Behnaz Hekmat, Jane Kinner, Stephen Kwong, Brooke McMahon, Pia Pandolfini, Sharon Pneh, Brenda Ruiz Anaya, … Continue reading

8 November 2016 by
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What if the national economy is like a household budget?

Matthew Bishop

An inexpert population frequently internalises misleading economic ideas: experts should consider engaging on these terms rather than always trying to get the economics ‘right’ In 2012/13, there were 571,334 Year 11 students in UK state schools. Just under half went on to AS Levels the following year, of which only 23,049 took economics, or 8.9% of the total. We can … Continue reading

20 September 2016 by
Categories: SPERI Comment | Tags: , , , , , | 16 comments

Deficit fetishism and the art of political bullshit: Part I

Jonathan Hopkin and Ben Rosamond

Attempts to refute bullshit by appeals to the ‘facts’ are likely to be unsuccessful as argumentative strategies Debates about economic policy in the recent UK General Election campaign were dominated by one particular claim: that the last Labour government, which left office in 2010, was wholly responsible for the deficit.  This claim became a central plank of the Conservative Party’s … Continue reading

15 July 2015 by
Categories: Austerity, British growth crisis, Politics and policy, Rethinking Recovery, Social science, SPERI Comment | Tags: , , , , , | 1 comment

Saving ‘Social Europe’

Vivien Schmidt

Reinterpreting the rules ‘by stealth’ is all that is presently possible in governing the Eurozone economy During the euro’s sovereign debt crisis, European leaders have been obsessed with rules, numbers and pacts.  These include the ‘Six-Pack’, the ‘Two-Pack’ and the ‘Fiscal Compact’, each more stringent on the nature of the rules, more restrictive with regard to the numbers and more … Continue reading

15 January 2015 by
Categories: Economics, Europe and the EU, Finance, Inequality, SPERI Comment | Tags: , , , , | Leave a comment

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
Categories: British growth crisis, Economics, Politics and policy, SPERI Comment, Tax | Tags: , , , | Leave a comment

The state of the regions

Scott Lavery

The link that previously connected finance-led growth at the core and public sector employment at the periphery of the British political economy is unravelling The British economy appears to have returned to the debt-led growth model which was in place before the crisis.  Asset-price inflation continues, with property prices rising in London by 18% in the past year.  Relatedly, household … Continue reading

9 October 2014 by
Categories: British growth crisis, Economics, Finance, Housing, SPERI Comment | Tags: , | 1 comment

Argentina’s latest ‘default’: it’s all in the contract!

Giselle Datz

International litigation instills yet more ‘ad hocery’ in the increasingly tricky debt game A few days ago, on 1 August, credit rating agencies downgraded Argentine bonds to ‘selective default’. The country’s creditors, who accepted both the 2005 and 2010 debt restructurings that followed the 2001 default, had not received their interest payments on the expected date (30 June 2014). But … Continue reading

5 August 2014 by
Categories: Economics, Finance, SPERI Comment | Tags: , , , | 2 comments

Counting the cost of the regressive recovery

Jeremy Green and Scott Lavery

The Coalition’s recovery has intensified deeply damaging distributional trends within Britain With GDP growth of 1.8 per cent in 2013, the growing consensus is that Britain’s long economic downturn has finally come to an end. Adding to this perception, last week wages outstripped inflation for the first time in over five years. These trends, along with positive employment figures, might … Continue reading

22 April 2014 by
Categories: Development, Economics, Employment, Inequality, SPERI Comment | Tags: , , , , , , , | Leave a comment

The Caribbean’s silent debt crisis

Gail Hurley

New policies are needed to break the cycle of debt dependency Sun, sea, sand, rum-punch, even reggae, these are the images that usually spring to mind when we think of the Caribbean islands. Less well-known is the profound sovereign debt crisis that many are currently experiencing. Indeed, for some, it has been a persistent and unresolved problem for well over … Continue reading

28 October 2013 by
Categories: Debt, Global crisis, SPERI Comment | Tags: , , , , , , , , , , , , , , , , , , , | 3 comments