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Eurozone flames were doused, but those coals still smoulder

It has been two years since the eurozone crisis dominated newspaper front pages and the television news. A promise by Mario Draghi, the president of the European Central Bank (ECB), to do "whatever it takes" to stop the single currency area from breaking apart in the summer of 2012 dowsed the flames of panic in financial markets. But it would be a [...] Read more ...

via Independent
1 Sep 2014

David Blanchflower: The European Central Bank is a crawling tortoise – six years behind the curve on stimulus

This was supposed to be the time when Britain was “carried aloft by the march of the makers”, the claim made by George Osborne in his Budget speech in March 2011. In the three years since then the number of workforce jobs in manufacturing is up 20,000 (+0.7 per cent) out of a total rise of 1.56 million (+4.9 per cent). Manufacturing as a propor [...] Read more ...

via Independent
1 Sep 2014

40+ Ways that Jeremy Hunt, Michael Gove, George Osborne & Iain Duncan-Smith are wasting £34 billion of your taxes by @DrEoinCl

Jeremy Hunt In 2009-10 £1.1bn was spent on Agency Staff but that has risen to £3.9bn for 2012-13. (evidence p.20 & evidence p. 193) NHS Spend on outside consultancy has climbed from £468m in 2009-10 to £596m in 2012-13 (evidence p.20 & evidence p. 193) Redundancy Payouts had cost the NHS £850m by December 2011 with confirmation that the… [...] Read more ...

via Labourleft
1 Sep 2014