Tag Archives: david blanchflower

Are employment levels one of the “better stories” of the Coalition, as Fraser Nelson claims? Not really.

The Spectator’s editor Fraser Nelson is — rightly — very hot on politicians being accurate in their use of stats. For instance, he’s — rightly — called out both Nick Clegg and David Cameron for confusing (whether accidentally or deliberately) the terms ‘debt’ and ‘deficit’, claiming the former is falling when they mean the latter.

However, Fraser is sometimes a bit casual with facts himself — for instance, wrongly claiming that an old report for the Department for Education ‘proved’ the pupil premium was flawed when it did no such thing.

And today he makes a point of highlighting …

Posted in News and Op-eds | Also tagged , , , , , , and | 10 Comments

Opinion: How the latest economic data vindicates the Coalition’s strategy

Two pieces of economic data have emerged on the British economy over the past week, and while they paint a somewhat contrasting picture of the economic climate, the main picture which emerges is that the Coalition’s strategy is broadly correct.

The latest inflation statistics show that the Consumer Price Index (CPI) is now about 5%, significantly higher than the Bank of England’s target of 2%. It seems to me that the Coalition’s single greatest error on the economy since coming to power has been to underestimate the rate of inflation.

But in this they have not been alone. The received wisdom …

Posted in Op-eds | Also tagged | 13 Comments
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