Tag Archives for economic recovery

The American economy at mid-term

David Coates

The numbers don’t reflect the reality and give no cause for crowing over the Eurozone It is mid-term season in America: time for the Administration to talk up the strengths of the economy.  The President did so a week ago, wanting ‘people to know that there are some really good things happening in America’.  And, since in economic terms it … Continue reading

28 October 2014 by
Categories: Economics, Employment, Global crisis, SPERI Comment | Tags: , , , , , | Leave a comment

The regressive evolution of the UK tax base

The declining significance of progressive and business taxation demonstrates the character of ‘austerity’ In a recent SPERI paper, Jeremy Green and Scott Lavery argued that the economic recovery has been secured through processes of ‘regressive redistribution’, as quantitative easing and the suppression of wages represent a striking redistribution of wealth to asset holders and businesses, and away from low and … Continue reading

13 June 2014 by
Categories: SPERI Comment | Tags: , , , , , , | Leave a comment

‘Civic Capitalism’: sustainable development through investment

Colin Hay and Tony Payne

We need to move from private debt to public investment as the means to stimulate demand and to link deficit reduction to the promotion of growth A most urgent task for any incoming British government is to fix what is typically called the growth model.  Since the early 1990s Britain experimented with a new kind of growth model – which … Continue reading

16 January 2014 by
Categories: British growth crisis, Civic Capitalism, SPERI Comment | Tags: , , , , , , , , , | Leave a comment

Business as usual as City pay soars while manufacturing stagnates

Craig Berry

George Osborne promised a ‘march of the makers’ but as yet there is little sign that a resurgence of manufacturing is helping the economy to rebalance As late as 1980, manufacturing represented around 30 per cent of the UK’s gross value added (GVA) and employed around a quarter of the workforce. But it now represents around 12 per cent of … Continue reading

9 January 2014 by
Categories: British growth crisis, Craig Berry, Economics, Finance, SPERI Comment | Tags: , , , , , , | 1 comment

‘Civic capitalism’: the need for sustainability

Colin Hay and Tony Payne

We need to work collectively and globally to shift the accepted currency of economic success away from its sole reliance on the convention of growth As we have sought to show, the civic capitalism we advocate is very different from the capitalism we are used to.  One of the biggest differences and one of the greatest challenges is that our … Continue reading

3 January 2014 by
Categories: civic capitalism, SPERI Comment | Tags: , , , , , | Leave a comment

Interrogating the ‘good news’ on employment

Craig Berry

Why the coalition government is wrong to consider the relatively high employment rate one of its main successes The good news is that the employment rate has grown to 71.7 per cent (all aged 16-64) in June-August 2013, up from 70.7 per cent when the coalition government took office. There are almost 700,000 more people in work. However, there are … Continue reading

25 November 2013 by
Categories: British growth crisis, Craig Berry, Employment, SPERI Comment, Uncategorized | Tags: , , , , , , , , | 1 comment

Are we there yet?

Craig Berry

The recent good news about renewed growth in the British economy badly needs to be scrutinised and put in context A strange story has started to emerge about the British economy. Apparently, it’s in recovery! The central plotline boils down to one key statistic: the UK economy is growing. GDP growth in the second quarter of 2013 was 0.7 per … Continue reading

14 November 2013 by
Categories: British growth crisis, Craig Berry, Economics, Politics and policy, SPERI Comment | Tags: , , , , , , , | 1 comment