Extra tax rises or spending cuts of £20bn a year will be needed within three years because Treasury assumptions of economic growth are too optimistic, accountants say
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FT on 9th Mar 2010 (via traxfer.ft.com)
Quite simply, we cannot have economic growth because it’ll cause climate change. Thus we must stop economic growth. In slightly more detail, economic growth necessarily means that we’ll go over 2 oC of warming and thus Flipper will boil as the oceans evanesce into the atmosphere. Thus we should stop economic growth. I refute it thusly: The IPCC tells
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TimWorstall on 25th Jan 2010 (via timworstall.com)
Now that the Old Economic Model is broken, a question for you. The ‘Old Economic Model’ which brought many years of economic growth relied on people spending beyond their means and getting into debt. People like Vince Cable warned against this, but Gordan Brown didn’t listen, and now the bubble has burst - and we are
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LiberalDemocratVoice on 21st Apr 2009 (via libdemvoice.org)
The debt and borrowing forecasts in the economy are appalling. The announced borrowing of approxiimately $750 billion over five years is already astonishing, but it is predicated on ludicrously inflated economic growth rates. Nobody outside New Labour believes in the economic growth projections of 1.25% in 2010 and 3.5% in 2011. So in fact the real borrowing figure is likely to be over 1 trillion ...
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CraigMurray on 22nd Apr 2009 (via craigmurray.org.uk)
From his maiden speech: But economic growth is not all that we should care about. We know that economic growth can lead to environmental damage, but the issue is broader than just that trade-off. And so can economic stagnation lead to environmental damage, so can economic shrinking lead to environmental damage. There is, therefore, no
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TimWorstall on 1st Jul 2010 (via timworstall.com)
HANDING the Scottish Parliament full tax-raising powers offers no guarantee of economic growth, could destabilise Scotland's finances and may lead to higher taxes, leading
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Scotsman on 23rd Jul 2010 (via news.scotsman.com)
Alex Salmond's strategy for economic growth has dramatically unravelled after being subjected to a three-pronged attack from business, academics and the whisky industry.
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Telegraph on 23rd Sep 2011 (via telegraph.feedsportal.com)
It is also claimed that exponential economic growth is the only way of improving the environment – on the grounds that without growth, no nation will have the economic means to clear up the mess that it created in generating that growth. The absurdity of this assertion speaks for itself. It does? Oh. I was hoping for a little detail here.
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TimWorstall on 22nd Mar 2009 (via timworstall.com)
The recent GDP figures have suggested that economic growth has ceased in the last quarter. Some have reported that this means we are entering into a recession after 16 years of unbroken economic growth. Chris Dillow points out that this is only the case if you use a particular method of calculating it (seasonally-adjusted GDP at current prices). Using other methods, it seems that there has been st...
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MyPoliticalBlog on 24th Aug 2008 (via vinospoliticalblog.blogspot.com)
Alistair Darling will have to take on another £100 billion in debt requiring tax rises that will depress economic growth for years to come business leaders warn.
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Telegraph on 16th Feb 2009 (via telegraph.co.uk)
The British economyAccording to the IMF, the British economy is presently "impressive". Granted, economic growth may be steady, inflation may be relatively low, unemployment is low and the balance of payments is sustainable. Still, I'd like to see a move away from statist economic policies.What we need are the following:- a move away from economic growth. Let individuals choose if they want greate...
submitted by
LibOnTheUK on 14th Jul 2008 (via chrislib.blogspot.com)