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Monthly Archives: December 2014
Trumptonshire 2014
Many people were dismayed to find out that Trumpton has an active UKIP branch and a number of other extreme parties. It’s not really surprising, though, because, like everywhere else, Trumptonshire has changed quite a bit in the last few decades. Camberwick Green … Continue reading
Posted in Uncategorized
14 Comments
The rise of the highly skilled but low paid worker
More weird stuff from the labour market. This chart from the OBR’s recent Economic and fiscal outlook shows how the wage distribution has shifted downwards over the last four years. Although, the number of people in work is higher than … Continue reading
Posted in Uncategorized
10 Comments
The legend of the free labour market
In a piece on the death of liberalism last week, Ed West wrote: English liberalism….grew out of parliamentary tradition [and] a free market in land and labour… I wouldn’t normally take issue with a tangential line in an article which … Continue reading
Posted in Uncategorized
11 Comments
Watercooler notices
New search button I keep getting emails and notes on Twitter asking me where to find posts I wrote months or even years ago. Proper bloggers tend to put things in categories but I never got round to it and it’s … Continue reading
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In defence of the OBR
The Treasury Select Committee were grilling the Office for Budget Responsibility last week. Rudely, by the sounds of it. Asa Bennett quoted this from OBR boss Robert Chote: Getting economic forecasting right is like “trying to pin a tail on a … Continue reading
Posted in Uncategorized
6 Comments
3 charts for Ed Miliband
I don’t know who is advising Ed Miliband but “public spending back to 1930s levels” wasn’t a good line. It’s true that the Conservative’s proposed cuts take public spending to its lowest percentage of GDP since the ONS records began … Continue reading
Posted in Uncategorized
16 Comments
Small pay rise, big debt rise
As promised, there was a lot more discussion about the labour market in last week’s Economic and fiscal outlook from the OBR. This chart shows how the income distribution has shifted over the last four years. Most of the increase in employee … Continue reading
Posted in Uncategorized
8 Comments
Which bits of the state do you plan to close, minister?
The Chancellor tried his best to put a positive spin on the Autumn Statement but any optimism was snuffed out by the IFS yesterday. Here’s IFS Director Paul Johnson: Some of yesterday’s biggest announcements were not from the Chancellor at all, they … Continue reading
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7 Comments
Deficit reduction plan disappears into La La Land
Yesterday, what was left of the government’s deficit reduction plan moved even further into the realms of fantasy. In its latest Economic and fiscal outlook, the Office for Budget Responsibility reduced its forecast for tax receipts over the rest of the decade. … Continue reading
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8 Comments
The deficit: It’s a labour market thing
More from the Resolution Foundation’s report on public finances. (See yesterday’s post.) All the projections for deficit reduction could be thrown off course by tax revenues – or the lack of them. The importance of even fairly small variations in the tax … Continue reading
Posted in Uncategorized
10 Comments