Tag Archives: economic growth

Jonathan Portes writes: If you want to get serious about growth, you need to be positive about migration

On Monday, I did seven interviews on David Cameron’s immigration speech. Each time I’ve tried to get across one simple fact: that all the available evidence suggests that immigrants – and immigrants from the new EU member states, in particular – more than pay their way. That is, that they pay more in taxes than they cost in benefits and services; overall, from being a burden, they make it easier to finance our welfare state not harder.

It is that basic fact that all three party leaders should be explaining to their constituents. Instead, they seem to be engaged …

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Opinion: George Osborne doesn’t get it… again

This should have been a budget for growth, helping the UK economy to recover from the deepest and longest depression on record. George Osborne’s announcements on childcare, investment in industrial research and of course raising the personal income tax allowance to £10,000 are welcome steps in the right direction. They are all are clear examples of Liberal Democrat influence in the Coalition, not least the flagship move on the tax threshold. These measures, however, don’t go nearly far enough to support businesses starved of credit or households facing escalating living costs and squeezed incomes – where was …

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“Banzai! Banzai! Banzai!”*

Enough is enough. In the face of soaring national debt, the Liberal Democrat leader has this week called for the Central Bank to be made less independent to pave the way for more aggressive and unlimited monetary easing, a dramatic relaxation of the inflation target accompanied by a major public works programme and a supplementary budget.

Great news! The tragedy is that the Liberal Democrat leader in question is not Nick Clegg speaking on the eve of the Autumn Spending statement, but Shinzo Abe, Leader of the Japanese Liberal Democrats, launching his general election campaign which he is tipped to win. And the reaction of those dreaded markets? Positive – rising 4-5% as other world

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Opinion: ‘Economic growth you can believe in’ – towards The British Growth Model.

Economic growth still eludes the Coalition. The development of a convincing analysis and programme for (fiscally sustainable) growth is essential for the second half of the Coalition’s life up to 2015. The Lib Dems must take a lead role in developing it.

Before the economic crisis started in 2007 the signs of ‘systemic financial sector failure’ were all around us. Few spotted them, however. Several simplistic economic tenets have since been jettisoned, as politicians have learned about the economic concept of ‘systemic financial failure’.

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Opinion: Lib Dems must avoid “all growth is good” fallacy

Every politician who remains in the public mind, after their term in office has ended, becomes associated, in time, with a particular sound bite or phrase.

John Major will forever be associated with “back to basics”. Tony Blair with “pretty straight kind of guy” and Gordon Brown with “abolishing boom and bust”.

At this stage, David Cameron is probably hoping that “hug a hoodie” is the phrase with which he becomes …

Posted in Op-eds | Also tagged | 34 Comments

Opinion: You can’t have ‘growth’ without ‘austerity’

Amid the current maelstrom of gossip, speculation and forecasting concerning the British economy, a number of myths have developed.

Principal among them is that the coalition’s economic plans for this parliament contained ‘only’ cuts, with no concern for achieving growth.

The issue of whether fiscal consolidation itself can be a driver of growth is one I aim to address further below, but first I want to debunk that myth.

The economic plans, outlined by the coalition in 2010, made clear that the first half of the parliament would contain the bulk of the …

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Opinion: Vince for No.11 – for growth and investment

Coming after several weeks of self-inflicted damage, the news that the UK economy has gone back into recession risks further undermining public confidence in the Government’s ability to deal with the problems the country faces.

Nick Clegg says the principles of the coalition’s economic strategy remain sound – repairing the public finances, reforming the financial system and rebalancing the economy – and I agree. The problem is that we are only making progress on the first one of these …

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Andrew George MP writes: Liberal Democrats are champions of green economy

Yesterday Nick Clegg set out the Government’s agenda on energy efficiency and the role of a green economy in delivering growth. Important announcements on energy efficiency, tackling fuel poverty and helping consumers find the best tariffs all caught the media’s attention. But for me the real story is that the Liberal Democrats remain the champions of plans to build a green economy.

Nick was right to attack those who say that there is a zero sum game between economic growth and protecting the environment. As the Liberal Democrats have argued for decades, it isn’t about choosing – the two go …

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  • User AvatarPaul Pettinger 20th Apr - 9:27pm
    An outrageous personal attack, but where can I get some?
  • User AvatarJames Thompson 20th Apr - 9:17pm
    Joe Otten: “malc, look how quickly Labour were forgiven for introducing fees after promising not to, despite having a majority in parliament and money to...
  • User AvatarGeoffrey Payne 20th Apr - 8:58pm
    It is great to see the names of past leaders come to life. I am no fan of John Simon, but it is good to...
  • User AvatarBill le Breton 20th Apr - 7:26pm
    Paul in T - I don't wish to labour the point nor am I saying that the Falkland's effect was a flash in the pan,...
  • User AvatarRoland 20th Apr - 7:12pm
    Thanks Simon for the correction. It would be interesting to know what the take up of the Stakeholder (personal) pension has been. As I suggest...
  • User Avatardaft ha'p'orth 20th Apr - 7:00pm
    @Ruaraidh "LDV below the line is just about as negative and dreary a place as it can be" It's a negative and dreary political universe,...