Economic Consequences of Mr Osbourne

2007-9: Central bank coordination saved the finance sector, but not the world.

November 12, 2018 / Anglo-American Financial Crisis, Bank of England, Banking Crisis, Economic Consequences of Mr Osbourne, Keynes, Uncategorized

12 November, 2018 This year is the 150th anniversary of the TUC, and the 70th anniversary of the Trade Union Advisory Committee to the OECD. As part of the celebration of these achievements, the TUC’s Economics and Social Affairs department organised an event “Lessons from the Great Financial Crisis” – on 12th November, 2018 – […]

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Fiscal Charter Hoopla* obscured big concessions to the City

October 23, 2015 / British Banking, British Chancellor, Economic Consequences of Mr Osbourne, GDP, Government Borrowing

* Hoopla: “speech or writing intended to mislead or to obscure an issue.” October has been an eventful month. In Britain, politics is back in fashion. After years of Blairite vacuity, the media have juicy political red meat to plunge their teeth into. The new Labour leader’s announcement that he would not press the nuclear

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Osborne: Speaking truth to wealth and power? Really?

October 5, 2011 / Bank Bail-outs, Bank of England, Bankers in Government, Banking Crisis, British Banking, British Chancellor, Central Banks, Credit, Credit Creation, Debt, Economic Consequences of Mr Osbourne, Finance Ministers, Financial Crisis

George Osborne was presumably aiming at himself and his friends, when he vowed “to speak truth to power and wealth” at the Tory party conference this week, but dare he speak economic truth to the rest of us? – simultaneously published on Left Foot Forward > On the narrowest of bases, he might still claim

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Why I did not sign the Observer letter for ‘Plan B’

June 6, 2011 / Anglo-American Financial Crisis, Economic Consequences of Mr Osbourne, Fiscal Deficit, Government Borrowing, Taxation, UK Financial Crisis

I thought long and hard before refusing to sign the letter calling for a Plan B. Not because I do not think it is urgently required. But because the letter called for “clamping down on tax avoidance and evasion, as well as by raising taxes on those best able to pay.” It goes without saying,

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