The Guardian: Economics

Labour manifesto comes with risks but price may be worth it | Richard Partington

Labour manifesto comes with risks but price may be worth it | Richard Partington

Critics could argue forecast revenues from party’s tax plan are on the optimistic sideLatest election news – live updatesLabour’s manifesto was accompanied by a document that detailed the cost of
The Guardian view on the Labour manifesto: bold pledges for anxious times | Editorial

The Guardian view on the Labour manifesto: bold pledges for anxious times | Editorial

Jeremy Corbyn has three weeks to win the argument with his strikingly radical tax and spending pledgesLabour’s 2019 general election manifesto, launched on Thursday by Jeremy Corbyn, is its most
Jeremy Corbyn's Labour manifesto harks back to 1940s | Larry Elliott

Jeremy Corbyn's Labour manifesto harks back to 1940s | Larry Elliott

Party leader has taken postwar socialist ideas and added a modern populist twistLatest election news – live updatesFree broadband. Free adult learning. Free dental care. The biggest council house
Government borrowing hits five-year high amid election spending vows

Government borrowing hits five-year high amid election spending vows

UK ran £11.2bn deficit last month, with fastest rise in public spending in 15 yearsLatest election news – live updatesGovernment borrowing has risen to its highest October level in five years amid
Nine reasons why the stock markets are far too optimistic

Nine reasons why the stock markets are far too optimistic

As global economic risks deepen and multiply, equity values rise further - is this what’s called a ‘melt-up’?This past May and August, escalations in the trade and technology conflict between the US
UK growth will dip to 1% even if no-deal Brexit avoided, warns OECD

UK growth will dip to 1% even if no-deal Brexit avoided, warns OECD

Prospect of crashing out of EU leaves UK more exposed to global financial risks, thinktank saysThe UK’s GDP growth rate will slip to 1% next year even if a no-deal Brexit is avoided, according to the
Election 2019: Labour's plan to nationalise 'rip-off' companies - podcast

Election 2019: Labour's plan to nationalise 'rip-off' companies - podcast

On the day of Labour’s manifesto launch, economics editor Larry Elliott and financial editor Nils Pratley discuss the party’s radical plans to nationalise key British industries. Plus Max Rushden on
The IMF is losing influence – and for that it must share the blame

The IMF is losing influence – and for that it must share the blame

As politics turns ever inwards, the Fund must be quicker to admit its mistakes and implement reformsThis year, I didn’t attend the October annual meetings of the International Monetary Fund and the
Want firms to behave better? Then beef-up contracts, says IPPR

Want firms to behave better? Then beef-up contracts, says IPPR

How the state procures its £300bn a year worth of spending is key to making companies work for wider society, says IPPRThe government should use the leverage from the near £300bn a year it spends on
Leading  thinktank calls for targeted public sector pay increases

Leading thinktank calls for targeted public sector pay increases

IFS says rises needs in order to compete with private sector after decade of wage restraint Targeted increases in public sector pay are needed to enable the NHS, schools, the armed forces, the police,
If Labour wants to rewrite the rules it needs clearer policies

If Labour wants to rewrite the rules it needs clearer policies

You can applaud some of John McDonnell’s plan but some parts are vague and others just plain oddLet’s start with the good bits in shadow chancellor John McDonnell’s speech on “rewriting the rules of
John McDonnell says workers will take back control under Labour – video

John McDonnell says workers will take back control under Labour – video

The shadow chancellor has promised that a Labour government would ‘rewrite the rules of our economy’ as he announced proposed reforms to business regulation that he said would help workers ‘take back
The Guardian view on political turbulence in Germany: can the centre hold? | Editorial

The Guardian view on political turbulence in Germany: can the centre hold? | Editorial

The country’s traditional powerhouses on the centre-left and the centre-right face a moment of reckoningPostwar German politics has a reputation for being moderate, consensual and a touch on the dull
Why is UK unemployment still low? We are working longer hours

Why is UK unemployment still low? We are working longer hours

Pay has not recovered from the 2008 crisis so staff work longer to fill the gap, boosting labour supply and limiting wage risesTurn the clock back a decade. The economy is just about to emerge from
Brexit will make all the election spending promises hard to keep

Brexit will make all the election spending promises hard to keep

In contrast with the mood of largesse, economists say Johnson’s deal will lower state revenues by £26bn a yearIf the president of the United States, a non-European, feels entitled to air his views
Warren doesn't just frighten billionaires – she scares the whole establishment | Robert Reich

Warren doesn't just frighten billionaires – she scares the whole establishment | Robert Reich

No wonder the wealth tax turns the Gray Lady white as a sheet: it will help the needy and its author is a good bet for presidentOn Thursday, the New York Times reported on a study showing that
Are voters ready for Britain’s economy to be rewired?

Are voters ready for Britain’s economy to be rewired?

Labour’s plan for free broadband is one of many high-spending promises made by both sides: and they seem to be popularVoters are becoming more open to calls for a radical change to the way the economy
Strong on the economy? The Tories are weak – and the media should say so | Simon Wren-Lewis

Strong on the economy? The Tories are weak – and the media should say so | Simon Wren-Lewis

Data shows the economy has been weaker since 2010 than under Labour between 1997 and 2007How did the Conservatives get away with inventing and publicising a ridiculous figure for Labour spending?
Win or lose, Labour’s radicalism has redefined what’s possible in British politics | Andy Beckett

Win or lose, Labour’s radicalism has redefined what’s possible in British politics | Andy Beckett

The party hasn’t even published its manifesto yet – but already it’s changed the notion of what elected politicians can achieveIn today’s troubled Britain, it is commonplace to say that the political
The Guardian view on the NHS and the election: money talks | Editorial

The Guardian view on the NHS and the election: money talks | Editorial

The health service is in crisis and Tory cuts are to blame. But bigger budgets are not the only answerThe health service is a big issue in any UK election. There are two main reasons why, this time