Ahead of this week’s budget, the economic historian Robert Skidelsky examines how four years of austerity have affected Britain.
Today’s bankers have replaced the excesses of the 1980s with Excel spreadsheets and PowerPoint presentations.
No longer can David Cameron plausibly claim, if he ever could, that "there is no alternative".
Compared to Ryan's budgets, Cameron's coalition looks positively profligate.
The strain of austerity is beginning to show on maternal care provision.
Britain urgently needs a new economic settlement, argues Frances O’Grady of the TUC. That calls for a strong industrial policy, with brakes on the banks, revived collective bargaining and support for small business.
ONS data reveals increase in exports
The Bank of England's deputy governor Paul Tucker is guilty of either complicity or incompetence.
The UK is in a double-dip recession. A few of us predicted it – an inevitable consequence of the coalition government’s suicidal economic policies – and I, for one, never failed to warn ministers, but to zero effect.
Surprising new ONS figures show manufacturing predictions were overly optimistic.
Creating mayhem is unlikely to be a sustainable, long-run industrial relations strategy. The government already has troubles in the public sector with its cull of jobs – remember all that talk of the enemy?
If the UK is to turn its economy around, the two key factors will be exports and productivity.
Despite suffering one of the deepest recessions in its history, the UK remains the third-largest economy in Europe and the sixth-largest in the world.