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we have not been recovering at a decent rate for several years when the coalition came to power GDP growth was 1% it took 4 years for the government to return to those rates there has been a raft of historically low economic data last year it was average wages flatlining for 7 years recently it...

I see the preliminary gdp figures for the first quarter of this year show growth of 0.3% down from 0.6% for the last quarter of last year . In terms of GDP growth per capita both would be weaker still. It seems the slowest recovery in modern history is slowing down. This is the plan that is working?

hamster I am having a quick google search for history of uk debt at the moment the furthest I can go back on yearly deficits is on UK National Debt | Economics Help shows a graph back to 1956 in the last 58 years there have been 6 years of surplus graphs going back longer showing total debt to...

what's factually in correct? that governments generally run structural deficits? is it 8 years of deficits every 10? I did read somewhere it was 9 I have answered your points about Weimar in another reply I doubt if there has ever been greater fiscal space between current deficit levels and...

typo the south sea bubble was in the early 18th century

in a different economic climate full employment double digit economic growth double digit productivity growth double digit inflation double digit interest rates the uk private sector running surpluses with the rest of the world I would advocate the next government should cut government sector...

there are sites that graph uk debt to GDP ratio I can't remember where I read on average we have run debts 9 out of every 10 years for recent historical perspective new labour ran 2 years of surplus the same as under the three previous Tory governments The historical high point of debt to GDP...

that is the theory but the reality is different the uk like most countries do run structural deficits and have done for over 400 years generation after generation's governments have run deficits there is no paying the stock of debt back it is not just Greece that can not pay off the stock of...

of course governments can "volunteer " to restrict their monetary sovereignty by borrowing foreign money or joining currency unions but most are not that stupid

if you think governments have to "balance the books" you are in denial of reality. government sector deficits are the norm for the uk 9 years in 10 for over 400 years the Labour Party had it's first majority government 70 years ago government sector deficits are not about profligate labour they...