First posted Monday, 14 January 2013 at Socialist Economic Bulletin 20 YEARS OF LOST OUTPUT By Michael Burke The Office for National Statistics (ONS) reported the latest data on industrial production as: ‘Production rose by 0.3% between October and November. Within … Continue reading

The Autumn Statement and long-term Austerity


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First posted Wednesday, 12 December 2012 – Socialist Economic Bulletin The Autumn Statement and Long-Term Austerity  By Michael Burke George Osborne’s Autumn Statement brings home the stark reality that on current policy settings economic stagnation and ‘austerity’ will be a permanent … Continue reading

Investment Slump Greater Than Whole Loss of British GDP


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First posted on Socialist Economic Bulletin  Monday, 10 December 2012 Investment Slump Greater Than Whole Loss of British GDP By Michael Burke The latest estimate for Britain’s GDP growth in the 3rd quarter of 2012 left the initial estimate unchanged with growth of … Continue reading

The new recession is directly made in Downing Street


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By Michael Burke First posted on Socialist Economic Bulletin 1st October 2012 The final release for UK GDP in the 2nd quarter of 2012 showed a small upward revision to recorded growth. But this still showed a contraction of 0.4% of GDP … Continue reading