The number of professional and middle-class managerial jobs has shrunk, according to a new study by researchers at Oxford University. This is bad news for Britain’s graduates and represents a worrying…
Unemployment in the UK has fallen below two million for the first time in almost six years, latest figures from the Office for National Statistics show. It’s certainly good news, but there are some important…
Sign of a booming economy?
Barry Batchelor/PA Wire
Car sales have raced to a ten-year high according to new figures that are being celebrated as part of wider signs of a UK recovery. In the latest monthly figures published by the Society for Motor Manufacturers…
Housing policy not going to be easy street for the UK government.
Lifeofgalileo
The news that the British housing market may have reached a turning point, with one forecast showing a price fall in 2015 and a drop in London prices for the first time in three years, will have been welcome…
Whichever way you look at it, tax cuts cause losses for all.
PA Wire
One of the Conservative Party’s major promises to emerge in its party conference was the promise of tax cuts to reduce the burden of government on hardworking families who do the right thing. Many critics…
Mark Carney and Mario Draghi are fortunate men. Although things may appear difficult now, they could be much worse. War in Iraq, Syria and Eastern Ukraine have the potential to send oil and gas prices…
Something strange is afoot in the Office of National Statistics. Every time the Chancellor of the Exchequer takes a bow for his outstanding economic management, the ONS dumps cold water on him. The ONS…
Sorry, spending has exceeded tax revenue.
Dean Thorpe
After all those years of flat-line economic performance in the UK economy and declining real incomes, we’ve seen quite a turn around. The growth rate is now one of the best in Europe, house prices are…
The UK’s national income, gross national product (GDP), returned this month to its peak level in 2008. By my count that is six years to get back to where we were, the slowest recovery on record. Still…
Ah yes, 0.8% growth, I see it now.
Chris Radburn/PA
Britain is booming! At least, that’s what George Osborne would have us believe. Casual observers could be forgiven for thinking that the UK economy has indeed entered into a robust recovery from the deep…
Is Osborne producing a robust recovery?
Dan Himbrechts/EPA
What does the now sustained recovery in the UK and the still tentative signs of recovery in the eurozone tell us? According to some on the right, it says all is good in the world, austerity has been successful…
If Cameron is the heir to Blair, Osborne is the heir to Brown. His budgets have always been intensely political. The serious fiscal work now goes on in the spending review and the autumn statement. Budgets…
John Van Reenen, London School of Economics and Political Science; Anna Valero, London School of Economics and Political Science, and Joao Paulo Pessoa, London School of Economics and Political Science
The latest data from the ONS show that the UK’s productivity gap with other G7 nations is at its widest since 1992. This bad news comes against the backdrop of increased optimism as the economy seems finally…
All aboard the big bucks bus … not you, sir…
Phil Wilkinson/The Scotsman/PA Wire
In a new report, Working For The Few, Oxfam warns that the fight against poverty cannot be won until wealth inequality has been tackled. The wealth of the richest 1% in the world amounts to $110 trillion…
The cost of independence might just determine the Scottish referendum.
David Cheskin/PA
The Scottish independence referendum campaign has now been raging for 18 months, ever since the Yes Scotland (pro-independence) and Better Together (anti-independence) umbrella organisations were launched…
There are plenty of new cars on British roads, but few of them are made here.
Martin Rickett/PA
Registrations in the UK new car market rose 10.8% to 2.26 million units in 2013, the highest point for six years. But let’s not get too carried away: while last year’s figures may be exceptional, they…
Something strange, or perhaps rather unexpected, has occurred over the past few years: the media and politicians alike have been highlighting the strength of British manufacturing. Stranger yet, perhaps…
Cold steel: George Osborne visits JCB’s factory in Staffordshire.
Rui Vieira/PA
George Osborne promised Britain a “march of the makers” – but as yet, there is little sign that a resurgence of manufacturing is helping the economy to rebalance. It would be naïve to assume that manufacturing…
It’s encouraging to see the UK government is finally taking China seriously as a business partner, with David Cameron this week following the parade of ministers who have made the trek to Beijing. There…
Fewer trade hurdles won’t necessarily help Britain’s economy.
Martin Rickett/PA
The Conservative Party’s 2010 general election manifesto could not have been clearer: “A sustainable recovery must be driven by growth in exports”. As George Osborne specified, the target was “net exports…