The reason why European economies are stuck in the trenches is actually quite simple. Our governments have shot themselves in the foot.
Yesterday’s budget revealed how George Osborne’s clever politics have been undone by his witless economics.
By waving through BT’s takeover of EE, the government’s competition watchdog has again put corporate interests ahead of the public interest.
Everything George Osborne announced last month was based on guesswork by people with a distinguished track record in being wrong. Why do we take economic forecasting any more seriously than astrology or football punditry?
George Osborne is trapped in a loop, doomed to keep peddling the same failed solutions to the same unsolved problems.
With the IMF warning that the global economy is heading for the ditch again, the last thing Britain needs is another complacent Chancellor who thinks he’s got everything right.
Our guest contributor Sam Juthani says austerity and ultra-low interest rates have trapped us in a dangerous loop of inequality and low growth.
Actually, it is. When people try to complicate something very simple, it’s usually because they don’t want to see what’s staring them in the face.
GDP is an arbitrary and abstract measure of economic performance, which reflects nothing about most people’s lives. But it’s ideology that determines which economic indicators we’re told to pay attention to.