Blog & Articles

Mind the jobs gap

Date: 14. August 2013
Alex Hurrell

The latest labour market data obscures the fact that job creation is failing to keep up with population growth, and that whole regions are being left out of any economic recovery

Many UK politicians and commentators have highlighted that the UK labour market has performed remarkably well despite the weakness of the economic recovery following the 2008 crash. They point to the fact that overall levels of employment have now surpassed their pre-recession peak, with the latest official labour market statistics released yesterday revealing that there are 29.8 million people working in the UK, over 200,000 more than in early 2008, and up 69,000 on the previous quarter.

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Clegg’s new tone on the economy

Date: 23. May 2012
Gavin Kelly

This post originally appeared on Gavin's New Statesman blog

It’s not every day you open the paper to read about a cabinet minister – one who isn’t the Chancellor - holding forth about the ‘instruction’ that has been given to the Treasury on a key aspect of economic policy. Nor we should we suppose that Nick Clegg elected to give the interview to the FT only to use this line due to a slip of the tongue.  It tells us something.

The specifics are about whether the Treasury should use its ‘balance sheet’ to enable a ‘massive’ increase in infrastructure spending (on housing and transport).  The timing reflects the wider context. The last few weeks have been unkind for the Coalition’s favoured economic narrative. The return of recession has been the key event but hardly the only one. The election of President Hollande, the continued euro-zone crisis, President Obama regularly appearing on our TV screens talking about jobs and growth, a Labour reshuffle that was seen to help unify different shades of economic opinion, and now the IMF saying (once again) that further action may be required, including fiscal stimulus, if the economy doesn’t pick up – all these have unsettled the Coalition.  

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Blair and Brown

Learning the right lessons from Labour's economic record

Date: 15. November 2011
Gavin Kelly and

This blog originally appeared on Gavin's New Statesman blog.

You might think the one thing the world doesn't need right now is yet another instant history about the Labour years. But here one comes -- this time, though, with a difference. The authors certainly won't be dining out on the royalties and there's no insider gossip or "he said, she said" revelations about rows in Downing St. Which is perhaps one reason why it's worth reading; it says something serious about what did and didn't happen to economic performance during the Labour years.

 

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Labour must reclaim mantle of economic pragmatism, The Guardian

Date: 16. October 2010
Gavin Kelly

Writing in The Guardian Gavin Kelly and Nick Pearce argue that Alan Johnson will have to make tough and unpopular decisions if Labour is to assert itself as a credible ...

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