asterisk2a + fairy + growth   3

Yes this really is the end of Tory austerity – because it was never about economics in the first place | The Independent
[private sector will pick up the tap - the households did, but not corporations! bc long-term ROI growth in not attractive in the west w secular stagnation! see Richard Koo ] But it was a very long time coming. It became clear within a year of George Osborne’s 2010 “emergency budget”, which forced through huge cuts in capital budgets and an intense squeeze on Whitehall departments and welfare spending, that the austerity medicine was hurting, not helping.

The economy was flatlining, teetering on the verge of recession. Whether this was primarily due to the crisis in the neighbouring eurozone and a spike in global oil prices or because the negative knock-on impact of the government’s domestic spending cuts was bigger than initially thought is still debated by economists.
Austerity  Brexit  GE2017  Confidence  Fairy  GFC  bank  bailout  welfare  state  living  standard  deficit  debt  government  household  personal  loan  credit  card  creditcard  underinvestment  inequality  economic  history  social  mobility  income  growth  wage  disposable  discretionary  spending  gini  coefficient  tax  evasion  avoidance  taxation  corporate  taxcut  capital  labour  Productivity  output  gap  recovery  secular  stagnation  infrastructure  investment  Privatisation  Theresa  May  George  Osborne  David  Cameron  Ideology  neoliberal  neoliberalism  ZIRP  NIRP  QE  bond  bubble  asset  reflation  housing  distortion  malinvestment  stimulus  Tories  nasty  party  Conservative  RichardKoo  Koo  Richard 
june 2017 by asterisk2a
Britain’s economy is broken. We desperately need new ideas | Tom Kibasi | Opinion | The Guardian
If the country was economically bankrupt in 2010, it is intellectually bankrupt in 2017. On the eve of the general election, politicians of all parties have rarely been so devoid of progressive ideas [...] Yet in substance, May’s approach remains mere tinkering at the edges of economic policy. The Conservatives remain stubbornly allergic to – or ignorant of – Keynesian macroeconomics. [...] [and housing and real estate lending distorting the lending picture. houses are not productive! R&D, and firms are. and creating long-term jobs w real incomes to spend (not remortgaging your home bc of housing bubble]
Brexit  GE2017  London  Housing  Bubble  piggybank  Forex  British  Pound  recovery  GFC  Manufacturing  Services  Consumerism  Zombie  Austerity  underinvestment  confidence  fairy  Productivity  output  gap  QE  ZIRP  NIRP  banking  investment  distortion  lending  property  UK  Living  Standard  wage  income  growth  inflation  £ 
june 2017 by asterisk2a

related tags

asset  austerity  avoidance  bailout  bank  banking  bond  Brexit  British  bubble  Cameron  capital  card  class  coefficient  confidence  Conservative  Consumerism  corporate  credit  creditcard  David  debt  deficit  discretionary  disposable  distortion  economic  economy  evasion  fairy  Forex  gap  GE2017  George  Germany  GFC  gini  global  government  growth  history  household  housing  Ideology  income  inequality  inflation  infrastructure  investment  Japan  Koo  labour  lending  living  loan  London  malinvestment  Manufacturing  May  middle  mobility  nasty  neoliberal  neoliberalism  NIRP  Osborne  output  party  personal  piggybank  poor  Pound  Precariat  Privatisation  productivity  property  QE  recession  recovery  reflation  Richard  RichardKoo  secular  Services  social  spending  squeezed  stagflation  stagnation  standard  state  stimulus  tax  taxation  taxcut  Theresa  Tories  UK  underinvestment  USA  wage  welfare  western  working  world  ZIRP  Zombie  £ 

Copy this bookmark:



description:


tags: