What if the surplus was only 0.7% of GDP, rather than 1%, as the Tories’ rhetoric now seems to suggest? A simple extrapolation, using the Treasury’s calculations, suggests public debt would be £63bn higher in 2035-36.
Here’s why, despite the fact that the economy is growing relatively strongly and the cost of living is falling, many people still feel worse off than they did six years ago.
Disregard the conventional wisdom. The Coalition’s penciled-in plans entail considerably more austerity than Labour’s do.
Voters see the UK Independence Party as being to the left of the Conservative Party, according to a ComRes opinion poll for The Independent on Sunday, shared with the Sunday Mirror. The poll asked people to locate themselves and political parties and leaders on a spectrum ranging from 0, very left wing, to 10, very [...]
We have a ComRes opinion poll in The Independent on Sunday tomorrow, shared with the Sunday Mirror.
As well as asking people how they would vote, we asked them where they would place the following on a left-right scale:
Your own political views
UKIP, UK Independence Party
Liberal Democrat Party
The Labour History Group organised a Christmas quiz on Wednesday night. Here are the questions from the Labour history round:
1. Which Spice Girl appeared in Labour’s first party election broadcast of the 2001 general election?
2. The ashes of which Labour prime minister were [...]
When the international Uber taxi hire firm opened in India last year, it was seen as a potentially efficient and easily accessible alternative to creaky unreliable rivals cabs. That image was shattered late last Friday evening when an Uber driver allegedly raped a young woman in Delhi.
This demonstrated how little has changed since rapes hit [...]
BHOPAL: India’s central government and the state government of Madhya Pradesh are in denial over the scale of the tragedy that occurred 30 years ago (right) when at least 5,000 people died here in a devastating Union Carbide gas leak that has caused continuing ill health for some 500,000. Neither government has even begun to deal [...]
None of this proves that the UK recovery is unsustainable. But there is nonetheless enough in these latest statistical breakdowns for policymakers to remain cautious.
Suppose for a moment that you faced an upcoming General Election in which the governing Conservatives were pretty unpopular, having presided over a Parliament of economic crisis, domestic confrontation and ideological polarisation.
But presume also that, during that contest, the Government was faced with a relatively unpopular Labour Party tainted by its past handling of economic [...]
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