asterisk2a + election2015   2

British austerity is no model for the rest of the world - FT.com
the pace of fiscal contraction has slowed over the past two years. This means that the brake on growth caused by fiscal policy is becoming more attenuated. So the turnround in growth over the past 18 months is as much evidence against austerity as it is pro-austerity. Second, faced with the potential damage caused by the deficit reduction to demand and economic growth, the UK government has been forced to introduce a number of extraordinary measures to support lending. [...] It certainly should not, however, be seen as any kind of inspiration to other companies or countries. + http://www.telegraph.co.uk/finance/economics/10807988/Rapid-rate-rises-could-throw-UK-back-into-recession.html
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may 2014 by asterisk2a
BBC News - George Osborne commits to 'fight for full employment'
There are a number of different definitions of full employment: Sir William Beveridge, the architect of the welfare state, thought it should be when 3% of the workforce is unemployed Other economists have spoken of a higher "natural rate" of unemployment, where nobody stays out of work for long, with joblessness fluctuating at between 5% and 6% The lowest recorded level of unemployment was 215,800, or 1%, in July 1955. The most recent figures this year put the unemployment rate at 7.2% of the population Mr Osborne declined to define full employment, but said people between jobs or unable to work or with caring responsibilities would not be included However his goal was to have the highest employment rate in the G7, and as part of his plan he expected those who can work to take the jobs available ... + http://en.wikipedia.org/wiki/Next_United_Kingdom_general_election
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march 2014 by asterisk2a

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