Author Archives: Tim Nichols

Tim Nichols

Opinion: We can’t refinance the economy from the meagre incomes of the poorest, only the wealth of the richest

By Tim Nichols | Sat 3rd December 2011 - 5:24 pm
It’s not the snow, the royal wedding or the eurozone crisis, it’s the lack of demand. We are probably already in recession now thanks to the major deflationary shock unleashed on the economy by the Coalition’s austerity cuts. And we still have the real hit from the eurozone slowdown on its way next year…

The Autumn Statement did little to depart from Plan A, the economic equivalent of letting blood. Businesses desperately in need of customers can only look on in despair as the disposable incomes of families are reduced by wage stagnation, welfare cuts and hundreds of thousands of public

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Posted in Op-eds | 48 Comments
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