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fiscal policy

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QE or not QE, that is the question

By Chris Cook

The Chris Cook Economics 3.0 column I recently posted here on the possibility of consolidating existing dated UK gilt-edged debt into two new pools of undated debt. This perceived attack on the system really brought out the heavy guns in…

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A response to Tom Harris

By Joe Cox

By Joe Cox Tom Harris' post this morning referred to a very powerful analogy for New Labour thinking that read as follows: "There's a terrific scene in the TV adaptation of Chris Mullin's A Very British Coup in which the newly-elected left…

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Capping private wealth would be an admission of defeat

By Tom Harris

By Tom Harris MP There's a terrific scene in the TV adaptation of Chris Mullin's A Very British Coup in which the newly-elected left wing prime minister, Harry Perkins, is catching the train to London and is asked by a journalist: "Do you…

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This Labour government can curb excessive pay

By Joe Cox

By Joe Cox The acid test of any Labour government is whether it leaves society more equal than when it came to govern it. One of this Labour government's finest achievements is the minimum wage - but this does not end the vast dispersion of…

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Full employment: an unattainable ‘holy grail?’

By Peter Barnard

By Peter Barnard In 1951, unemployment stood at just 188,000, representing just 0.8 per cent of the population registered as available for work. In 1964, there were 349,000 unemployed: 1.35 per cent of those 'available for work.' These are…

Analysis

Vince Cable: “a major disaster has been averted”

By Alex Smith

By Alex Smith / @alexsmith1982 It's not often we quote from the pages of the Daily or Sunday Mail on LabourList, but Vince Cable has written a good explanation of the improving economic signs in that paper today: "There is undoubtedly good…

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Will the real Tory economic powerhouse please stand up?

By Alex Smith

By Alex Smith / @alexsmith1982 This is Philip Hammond, whom ConservativeHome say will be a "very powerful Deputy Chancellor" if the Tories win the next election. Mike Smithson even thinks it's a fair bet he'll be a Tory Chancellor at some…

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