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

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