asterisk2a + ifs   4

Budget 2017: Stagnant earnings forecast 'astonishing' - BBC News
real wages in aggregate to continue to stagnate fall eaten up by inflation. Does NOT help serving current debt levels. // The prediction that average UK earnings in 2022 could still be less than in 2008 is "astonishing", according to an independent economic think tank. // 'Adair Turner: neoliberalism not raising all boats'
secular  stagnation  productivity  inflation  Brexit  budget2017  paysqueeze  IFS  ONS  OBR  Philip  Hammond  skill  gap  output  wage  income  growth  disposable  discretionary  spending  debt  BOE  Mark  Carney  underinvestment  ZIRP  NIRP  QE  education  policy  college  GDP  Capitalism  GFC  recovery  neoliberal  neoliberalism  globalisation  globalization 
november 2017 by asterisk2a
The Week Ahead: the return of the nasty party and a good week for Brexit
David Cameron and George Osborne wanted to cut even more! //&! Nicky Morgan's embarrassing interview over Tory cuts to disabled welfare - youtu.be/hjk06tjx_xQ //&! Jeremy Corbyn - youtu.be/Ain-IP4pHCk //&! IFS: cutting disability benefits to fund tax cuts is a political choice - youtu.be/xVBf9dSa9Mw //&! MANIFESTO Election Campaign Promises - Tories hoist by their own petard over disability cuts - youtu.be/N8VijFKLQek //&! also closed Independent Living Fund - youtu.be/nurjzK5VPAI //& "The electorate don't mind. Those who vote aren't affected." *George Osborne - youtu.be/N8VijFKLQek - WCA to bring down bill by kicking people off was a pipedream & Universal Credit is a real cut in benefits. //&! Nicky Morgan's nightmare defending Osborne's nasty budget - youtu.be/Y9YNcQF4t8I - 12bn cuts were promised in Manifesto 2015. 4.4 tried through PIP. youtu.be/5-3Bp7qzj4Y (pre-election) //& cutting corporation tax (& capital gains tax) - youtu.be/gZ6qNHLnbs0 &! Analysis - youtu.be/v-qmvI9s3pE
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april 2016 by asterisk2a
Tax rise risk from George Osborne's 'inflexible' budget target - BBC News
[ sounds great as headline, but economically and historically bullshit ] The Institute for Fiscal Studies (IFS) said that Mr Osborne's pledge to run a budget surplus "in normal times" from 2019-20 was simple but would require a "precarious balancing act".
The result could be "big tax rises or spending cuts with very little notice", the IFS concluded. [...] "The rule has the merit of simplicity and transparency but is very inflexible and this could come at a cost," the IFS said. [...] "How he responds to any further unpleasant fiscal surprises may, more than anything we have seen so far, come to define his period as chancellor," said Paul Johnson, director of the IFS.
Schuldenbremse  Fiscal  Pact  austerity  budget2016  policy  error  policy  folly  aggregate  demand  Richard  Koo  IFS  George  Osborne  Career  Politicians 
march 2016 by asterisk2a
Budget 2016: Osborne's economic fitness regime - BBC News
[2015] 80% OF ECONOMY CONSUMER SPENDING! - The economy has enjoyed what Andrew Goodwin of Oxford Economics describes as a "sugar rush" -the equivalent of a big tax cut - or 'fiscal stimulus' - through lower petrol prices. The economy grew by 2.2% last year; 80% of that growth was down to consumer spending. "That [growth] strikes us as some distance below par given the tailwinds we have had," Mr Goodwin says. And after the sugar rush comes the sugar crash: growth is likely to be revised down in the years to come because of global economic weakness.
budget2016  budget2015  George  Osborne  policy  folly  policy  error  zombie  consumer  consumer  debt  household  debt  credit  card  debt  car  loan  student  debt  ZIRP  NIRP  QE  mortgage  rates  mortgage  market  property  bubble  Oil  price  commodity  prices  aggregate  demand  distortion  underinvestment  IFS  OBR  income  tax  receipts  HMRC  job  creation  Service  Sector  Jobs  working  poor  low  income  low  pay  squeezed  middle  class  Consumerism  Industrial 
march 2016 by asterisk2a

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