WHY MORE ‘AUSTERITY’ IS ON THE WAY

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First posted Thursday, 30 August 2012 by Socialist Economic Bulletin Why More ‘Austerity’ Is On the Way By Michael Burke The latest monthly public borrowing data, which show a large deficit in government finances, have widely been hailed as a ‘surprise’. However, SEB has … Continue reading

THE UK’S BUDGET DEFICIT IS RISING NOT FALLING

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Re-posted from  Socialist Economic Bulletin   By Michael Burke The latest public sector borrowing data shows that the UK budget deficit* is widening once more. Indeed despite a series of accounting adjustments which obscure the true picture, it is clear that … Continue reading