Paul Krugman has termed the new policy shift of UK’s Chancellor of the Exchequer, George Osborne, as the crony Keynesianism. UK government is trying to build a euro crisis shield and is trying to find an alternative way to ease the pressure on it to do something constructive. But Chancellor George Osborne in particular remains…
Before the last election, George Osborne, the Chancellor of the Exchequer, had trumpeted the endorsement of Richard Branson. But now Branson is calling for a rethink of his policies: In an outspoken intervention, the founder and chairman of the Virgin Group called for a renewed focus from ministers on bringing unemployment down and promoting the…
The UK economy is in the midst of a double dip recession – its first since 1975. “The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.” UK manufacturing is slowing down drastically increasing fears for growth. Despite this Prime Minister Cameron does not plan to abondaon austerity…