Thatcher’s economics has generated ‘poverty in the midst of plenty’

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By Prue Plumridge Lord Wolfson, chief of the Next retail chain said recently that the national living wage could drive up inflation as the retailer would have to raise prices to offset the cost of the new minimum wage of … Continue reading

How the The Reverse March of Labour Led to Defeat in May

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The Reverse March of Labour. What went wrong in May By Bryan Gloud and Carl Rowlands, Previously published here With the Labour Party still reeling in the wake of May’s electoral disaster, New Left Project spoke to Gould about what … Continue reading

The Mysterious Disappearance of Jobs and Skills

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The Mysterious Disappearance of Jobs and Skills When Norman Tebbit made a notorious comment that jobs could be easily found merely by hopping onto a bike, he made an assumption that it would solve unemployment because that’s father what his … Continue reading

THE LABOUR PARTY: The Party of Full Employment …

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THE LABOUR PARTY The Party of Full Employment…. By Darrell Goodliffe, Previously published here In 1945, Labour’s election manifesto had this to say: They say, “Full employment. Yes! If we can get it without interfering too much with private industry.” … Continue reading

The Work Programme. Is this the best that we can do?

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First posted on September 26, 2012 at alittleecon The Work Programme. Is this the best we can do?  by alittleecon “…we’re overturning the convention of recent times: the idea that it’s governments that create jobs. No, they don’t – businesses do.” David Cameron writing in … Continue reading

Why does the Structural Deficit remind me of LIBOR?

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(I know this might sound rather boring but the facts are actually a bit incredible…) The London Interbank Offered Rate (LIBOR) is a benchmark interest rate used broadly all over the world and affects trillions of dollars of loans worldwide – mortgage … Continue reading

Professor Bill Mitchell – The need for full employment

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In this video clip, Professor Bill Mitchell outlines two different lines of argument with regard to unemployment.  The economic cost to the nation and the human rights agenda.  The long-term economic costs of unemployment are obvious but it is less … Continue reading