Category: Economy

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Yorkshire needs Labour to oppose Johnson’s Brexit deal

Mike Buckley

The next four years will be dominated by the damaging results of Brexit. As the harm becomes clear, the public will be looking for an alternative. Labour needs to be in a position to offer it – not hampered by voting for a deal that it knows already is bad for Britain.

A broken budget and a delusional chancellor

Andy Brown

After a decade of peddling a badly flawed set of economic policies, the latest Conservative Party chancellor has had to ditch many of his most deeply held convictions in the face of the economic and social realities of a genuine crisis. Yet he remains stubbornly determined to ensure the country persists with a hugely damaging Brexit at the worst possible of times.

Researching the Northern Research Group (part 2)

Alex Toal

Alex Toal looks at the reasons behind the formation of the Northern Research Group. Is this about protecting the seats of its members, about boosting the levelling up agenda, or about control of the Conservative Party?

The National Lottery: a gamble for prosperity

James Powell

The National Lottery is a state-franchised gambling enterprise, which has been on our televisions for nearly three decades, the first draw taking place in May of 1994. Like other national lotteries it represents an opportunity to ‘get rich quick’ for ordinary citizens. It justifies its existence by using some of its profits to fund projects […]

Regional roundup: Saturday 14 November

Alex Toal

The Northern Research Group makes its Westminster debut On Wednesday, members of the Northern Research Group took part in a Westminster hall debate called by Sheffield City Region Mayor Dan Jarvis to quiz the government (represented by exchequer secretary to the Treasury Kemi Badenoch) over economic support for the North. NRG chair Jake Berry followed […]

Government in denial over Brexit

Jane Thomas

Whether or not a deal comes good with the European Union, one thing is certain – the government has failed to prepare despite the fact the decision to leave was made over four years ago.

Cliff edges and safety nets: we need a roadmap out of poverty

Jane Thomas

In less than a week, the government’s Job Retention Scheme will end, putting as many as five million people’s jobs at risk, according to Sheffield’s Festival of Debate organisers. The Cliff Edges and Safety Nets online debate, organised for 29 October, will bring together Citizens Advice Sheffield and the Joseph Rowntree Foundation to discuss the […]

Britain’s downgraded credit rating: a straw in the wind?

John Cole

Ali was out for a walk in the Yorkshire Dales with her Uncle John. She was looking forward to picking John’s brains, because he was head of economics at a school in West Yorkshire and she’d recently started an A level in economics. “John” began Ali, “What do you make of Moody’s downgrading the UK […]

Secret Whitehall ministry uncovered

John Cole

Top investigative journalist Ivan Inckling has blown the cover of a government department that up to this point was unknown outside the top Civil Service and government ministers. This is the Ministry of False Economy (mission statement “Penny Wise, Pound Foolish”). This department is quietly mothballed if Labour is in power, but then swings into […]

Disorderly Brexit discouraged, says OECD report

Jane Thomas

A disorderly exit from the European Union’s (EU) single market without a trade agreement would have a “major negative impact on trade and jobs”, says a new survey published on Wednesday. We will face a double-whammy economic hit if the effects of the pandemic are coupled with the effects of a disorderly exit without a […]

The British Government: Bully Boys Inc?

Amanda Robinson

If you’ve read this article in Sussex Bylines by Ginny Smith, you will know that what triggers me into action is someone attempting to silence or ‘pick’ on another, particularly a group.  Last week Rishi Sunak told creatives to consider retraining. This is a man who worked for the investment bank Goldman Sachs after graduating, […]

Let’s make universal basic income our generation’s NHS

Remco Peters
numbers money calculating calculation

Why a universal basic income could be a better alternative to universal credit and the current welfare system The coronavirus crisis has caused a major upheaval within the UK welfare system, with a surge of people applying for universal credit amid staggering rates of unemployment. With the furlough scheme coming to an end, the government […]

Five areas in Yorkshire and the Humber named ‘least socially mobile’ in the UK

Alex Toal

Figures released yesterday by the Social Mobility Commission reveal that five local authorities in the Yorkshire and the Humber region are among the 24 least socially mobile in the country. Bradford is listed in 2nd place, behind only Chiltern in the South East, with Hull, Rotherham, Kirklees and North East Lincolnshire all featuring on the […]

Our future: countryside and the environment

Hugh Goulbourne

Last week’s Extinction Rebellion protests once again saw images in the media of climate campaigners protesting in city centres while people tried to do their work around them, look after children or find somewhere peaceful to have a sandwich in their lunch break. The protests shone a spotlight on the increasing divisions in our society. […]

Rescuing the economy – the Keynesian way

John Cole
gold round coins

Just about everyone is aware of the huge increases in government spending in the last seven months, as the government bankrolls the economy in a world where many workers have been furloughed or made redundant. Not only has government expenditure increased, but the 20 percent reduction in economic activity means that tax receipts have fallen […]

UK business survey: more than 80% unprepared for no-deal Brexit

Anthony Robinson

Just how well placed are UK businesses for Brexit on 1 January 2021? A Brexit readiness survey conducted among supply chain managers and published today has revealed a disturbing picture, with just 18 percent of UK businesses said to be prepared for a no-deal Brexit. The survey, with work carried out in July for Descartes […]

Decade of discovery

Javed Bashir
shallow focus photography of magnifying glass with black frame

Part two of a three part series on social change. Part one – Decade of dissonance – is available HERE. One hundred years ago, there was World War One and the Spanish Flu that killed over 50 million people and infected a third of the world population. In 2020, we have a global pandemic with Covid-19 […]

Labour warns of “jobs bonfire”

Anthony Robinson

Labour’s shadow business and consumer minister has slammed the government for costing small businesses millions of pounds in wasted preparations after they were given just 24 hours’ notice to scrap a planned reopening. Lucy Powell set out yesterday how bowling alleys, casinos and beauty salons across the country had all spent time and money preparing to […]

Levelling up Britain: a reality check

Grace Pritchard

Too many people have yet to recover from austerity mark I, and the effects of the pandemic will be felt for a long time to come. With the Bank of England warning that we are about to face the “worst recession for three hundred years”, and with the full impact of Brexit still to hit, the thought of austerity mark II is almost too much to bear.

EU banking watchdog tells British banks: Check, Change and Come – to Europe

Anthony Robinson

As the British government launches its advertising campaign to help businesses and individuals prepare for the end of the transition period, with the inevitable three-word slogan “Check – Change – Go”, the European Banking Authority (EBA) had a message of its own to Britain’s financial institutions. In a lengthy and uncompromising statement published yesterday on its […]

Britain to develop world-beating circumlocution industry

Anthony Robinson

Charles Dickens invented the Circumlocution Office in Little Dorrit, a fictional government paper-shuffling department which never achieved anything but, “in the spirit of national efficiency” gradually led to it having “something to do with everything”. Dickens talked of people “who in slow lapse of time and agony” became lost inside it. It appears from the […]

UK single market white paper: “irony so bitter it makes your eyes bleed”

Anthony Robinson

Only a government as intellectually incoherent as this one could publish in the same week two important documents with absolutely no consistent philosophy underpinning the policy objectives behind them. Worse, the objectives themselves seem diametrically opposed. On Monday, we got the border operating model setting out all the new barriers to trade the government intends to […]

Talks of levelling up the North at the Northern Powerhouse summit

Jane Thomas
black and white blackboard business chalkboard

Yorkshire looks set to get more devolution deals next year, according to Simon Clarke, minister for regional growth and local government. This could see the whole of Yorkshire soon having some form of devolution settlement. Speaking at the Northern Powerhouse education, skills and employment summit this week, the minister said, “In the North of England, […]

OBR forecasts government borrowing to hit £385bn this year

Anthony Robinson
bank blur business buy

The independent Office for Budget Responsibility (OBR) released its latest fiscal sustainability report for July 2020 yesterday. The report was finalised before the chancellor Rishi Sunak announced yet more spending measures, so the figures were out of date even before the report saw the light of day. The OBR was set to forecast that government […]

Masking the real problem for Boris Johnson

Jane Thomas

The belated news that wearing face masks is so important that we have to wait another ten days before it comes into force is another example of how we are being played by this government. Interviewed by Andrew Marr last Sunday, Michael Gove said he did not think face coverings should be compulsory in shops […]

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