CLSG Economics: Macroeconomics
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Spanish debt reaches record level

Spanish debt reaches record level | CLSG Economics: Macroeconomics | Scoop.it
Spain's public debt reached a record high of 942.8bn euros in June, the country's central bank says.
Eleanor Booth's insight:

With the Spanish government aiming to reduce public spending by such a great amount (150bn Euros) and unemployment up to 26%, the Spanish people will be angry at the chaos their country has been brought into by the financial crisis, as has been shown by street protests. As well as this with such little wealth the economy is unlikely to grow as no one will be able to afford to buy anything.

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Two quarters of growth don't mean George Osborne's policy has worked

Two quarters of growth don't mean George Osborne's policy has worked | CLSG Economics: Macroeconomics | Scoop.it
Ed Balls: Talk of an economic recovery rings hollow to ordinary families in Britain, who are still seeing their living standards fall
Eleanor Booth's insight:

Although Ed Balls is obviously making every effort to criticise the government's economic policy and advertise Labour's ideas, he makes valid points about how the Coalition's actions are not benefiting the majority. Although the economy is recovering, living standards continue to be low and prices are still rising faster than wages. Despite this, millionaires get a tax cut, meaning money that could have been used to invest in projects that would help the majority eg infrastructure is lost. However, will Labour's policies be any more effective? 

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UK infrastructure 'behind the rest'

UK infrastructure 'behind the rest' | CLSG Economics: Macroeconomics | Scoop.it
The UK urgently needs to improve the way it carries out major long-term building projects, it has been claimed.
Eleanor Booth's insight:

The British government needs to spend more on infrastructure for fear of falling behind other countries. However when the political process takes as little as four years and major infrastructure projects take as many as twenty years, it is hard to bring government and long term building projects. Politicians need to look beyond their own terms and think about the future.

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Royal Mail float 'in coming weeks'

Royal Mail float 'in coming weeks' | CLSG Economics: Macroeconomics | Scoop.it
The government announces that it will privatise the Royal Mail in the coming weeks, with shares offered to employees, institutions and the public.
Eleanor Booth's insight:

The government is privatising the Royal Mail, leading to concerns about the job security and conditions of its workers and the future of public services as a whole. As a result the Communication Workers Union will ballot its members for a strike.

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UK unemployment: What's in a number?

UK unemployment: What's in a number? | CLSG Economics: Macroeconomics | Scoop.it
What does Britain's unemployment rate tell you about the state of the economy?
Eleanor Booth's insight:

It is difficult to link unemployment figures to growth because of all the different factors in umemployment figures such as a greater labour force due to later retirement

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