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This Blog… 11 Oct 2011 | 07:47 am

… has been a little quiet these past two weeks. This is mainly as I’ve started a new job over at the TUC as Senior Policy Officer covering macroeconomics. I’m now blogging at the Touchstone blog – yo...

Credit Easing – Five Questions 4 Oct 2011 | 08:45 pm

The big announcement in Osbone’s speech from a macroeconomic point of view was the talk of ‘credit easing’ – Treasury action to ease loan availability to small and medium sized businesses. Implicitly...

Osborne’s Mandate: There is no flexibility 23 Sep 2011 | 10:46 pm

In the past week both Nick Clegg and Vince Cable have admitted the obvious –Britain faces a demand shortage. As I’ve argued previously they are quite rightBritain has both an immediate demand problem...

Osborne’s Mandate: There is no flexibility 23 Sep 2011 | 06:46 pm

In the past week both Nick Clegg and Vince Cable have admitted the obvious –Britain faces a demand shortage. As I’ve argued previously they are quite rightBritain has both an immediate demand problem ...

Grim Public Finances 21 Sep 2011 | 10:03 pm

Today’s public sector borrowing numbers are pretty grim. A few quick bullet points: Public sector net investment so far this financial year is £8.0bn against £10.9bn last year. Despite all Clegg & C...

There is no Eurozone Crisis 20 Sep 2011 | 08:55 pm

The Eurozone doesn’t have a debt crisis. Individual Eurozone countries obviously do – and these individual problems are being exacerbated by the common currency. But at the level of the zone as a whol...

The £12bn blackhole: What Next? 19 Sep 2011 | 08:02 pm

Today’s FT story on the structural deficit is potentially very big news. As the paper reports: The Financial Times has replicated the model of government borrowing used by the independent Office for...

Posen’s Radical Call 16 Sep 2011 | 01:25 am

I’ve noted before that I have a lot of time for MPC member Adam Posen, in particular his views of the likely path of consumption. Which are turning out to be rather accurate. As an expert of the Japa...

The UK Trade Balance: Good and Bad News 15 Sep 2011 | 02:45 am

Tony Dolphin has a good post up at Left Foot Forward highlighting the UK’s diminishing prospects for export-led growth. He notes that: A year ago, there appeared to be a decent chance the UK would en...

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