asterisk2a + steel   7

'Northern powerhouse' depends on productivity not rail links: thinktank | Business | The Guardian
In this post-referendum vacuum, Carney alone can't save the UK economy - Getting productivity going again will require more investment in innovation and our universities. It means more help for businesses that want to update their production lines, overhaul their IT systems or retrain their staff. Productivity will only improve if the UK addresses its skills shortages with sensible immigration policies and with better training. In an age of economic insecurity, training is key if the march of the robots is not to further exacerbate inequality. Similarly, the UK must get serious about moving to an apprenticeship system that has parity of esteem. - http://bit.ly/29cCmtq
Northern  Powerhouse  Brexit  apprenticeship  apprenticeships  UK  recovery  productivity  productivity  gap  output  gap  economic  history  Manufacturing  household  debt  consumer  debt  student  debt  City  of  London  George  Osborne  Policy  underinvestment  STEM  skills  gap  skills  economy  skills  shortage  structural  unemployment  long-term  unemployment  working  poor  Service  Sector  Jobs  Precariat  Gini  coefficient  inequality  poverty  child  poverty  austerity  infrastructure  investment  London  economies  of  agglomeration  competitiveness  comparative  advantage  competition  competitive  competitive  advantage  global  economy  globalisation  globalization  DWP  Iain  Duncan  Smith  GFC  Steel  Crisis  Steel  Industry  energy  price  University  Germany  education  education  bubble  AI  automation  Robotics  Robots  autonomous  car  self-driving  cars  autonomous  cars  augmented  intelligence 
july 2016 by asterisk2a
UK GDP growth – beware the march of the spenders | Business | The Guardian
the breakdown was deeply troubling. What it showed was an economy unhealthily reliant on consumer spending. Real household spending was up 0.7% on the quarter and added 0.5 percentage points to the growth rate. In other words, the other components of growth – investment, trade and government spending – contributed -0.1 points to growth during the first three months of the year. [...] drop in business investment, which was down both over the quarter and over the year. //&! bit.ly/1RjxDnh - Making things matters. This is what Britain forgot. Ha-Joon Chang. The neglect of manufacturing and over-development of the financial sector is the cause of the economy’s decline, not fear of leaving the EU
UK  2016  recovery  Manufacturing  George  Osborne  industrial  policy  David  Cameron  austerity  Brexit  secular  stagnation  USA  world  economy  underinvestment  Smart  Grid  competitiveness  competitive  advantage  competitive  China  Steel  Crisis  Steel  Industry  BRIC  European  Union  Fiscal  Pact  Schuldenbremse  ZIRP  NIRP  distortion  policy  monetary  policy  Mark  Carney  short-termism  short-term  thinking  short-term  view  Career  Politicians  general  election  2015  general  election  2020  Conservative  Party  neoliberalism  neoliberal  tax  evasion  tax  avoidance  Panama  Papers  HMRC  income  tax  receipts  employment  self-employment  Precariat  minimum  wage  wage  growth  productivity  output  gap  savings  rate  housing  bubble  property  bubble  business  confidence 
may 2016 by asterisk2a
Pascal Lamy: Gove is 'pie in the sky' on Brexit - BBC Newsnight
Trade w europe may be currently shrinking (eu 'crisis'), but how much negotiation lever do you have as UK vs Europe (one single market/consumer!?) That is what Daniel Hannan does not highlight, the leverage of size to access, in negotiations with other countries. [...] 'trade negotiations are so long because they are so tough' [...] what will the UK have to give up, to gain access to foreign markets for their measly 20% of the whole economy (production, ie also house building, not just export/manufacturing)!? (2015, 80% of UK GDP growth consisted of consumption). Competing with much more competitive industry now! ( ie Cars. Ford's new plant in Mexico/Latin America ...) [...] "You can not exit and keep the benefits while you were in!" //&! >> What kind of trade deal could we get if we left the EU? - youtu.be/Pj9nPncM61M &! youtu.be/r8MiUI2eN6c
Brexit  free  trade  trade  agreement  TTIP  TTP  CETA  NAFTA  FDI  foreign  direct  investment  trade  deficit  current  account  deficit  Manufacturing  industrial  policy  policy  folly  policy  error  energy  policy  Steel  Industry  Steel  Crisis  competition  competitive  competitiveness  competitive  advantage  comparative  advantage  macroeconomic  policy  microeconomic  policy 
april 2016 by asterisk2a
The lights are going out for solar energy
Back in December, when most people were focussed on Christmas and not renewable subsidies, the government quietly published their decision to cut Feed-in Tariffs for industries such as solar, wind and hydropower by a staggering 65 per cent. Included in the small print was analysis which showed a possible 19,000 job losses, mostly in solar, which would see that industry shrink to under half its size. [...] Instead the government is thinking short-term, and our economy will suffer. For a party that wants people to think of it as economically competent, this is an incredibly bad move.
energy  price  energy  policy  renewable  energy  Amber  Rudd  George  Osborne  David  Cameron  short-termism  trickle-down  economics  carbon  tax  fossil  fuel  nuclear  power  carbonfootprint  carbon  trading  scheme  carbonemission  COP21  competitive  competitiveness  industrial  policy  Steel  Industry  Aberdeen  subsidies  subsidizing  corporate  welfare  Makers  Career  Politicians  constituency  policy  folly  policy  error  Opportunism  opportunist  Party  Funding  Oil  price  commodity  prices 
february 2016 by asterisk2a
BBC News - Tata Steel cuts 900 UK jobs
Tata Steel is cutting 900 jobs around the UK, including almost 600 jobs at plants in south Wales.

Most of the Welsh losses are management and administrative posts in Port Talbot, while sites in Crosskeys in Caerphilly county, and one near Tredegar, Blaenau Gwent, will close.

Other job cuts include 155 in Yorkshire, 120 in the West Midlands and 30 on Teesside.

However, 120 jobs will created at a new hot strip rolling mill at Llanwern.

---> Demand shortfall of +25% across market since 2008.
Job Cuts were in the making. Job Cuts in positions that are replaceable (management, admin). Job Cuts are being avoided @Technical and @Skill & Experience level of steel milling etc. Bc these are hard to find and to train.
2012  economics  demand  unemployment  GFC  UK  greatrecession  tata  steel 
november 2012 by asterisk2a

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