Page 472 - Pensions News Today

Volatility has hit the British economy following Prime Minister Liz Truss’ mini-budget announcement.

What is called technically "the microeconomics, whether the numbers add up, "you lose the bigger picture," which is what the impact on society is of austerity, for example. and whether it is actually, long—term, making us poorer because the consequences are cut, even if the numbers up may be very bad for the economy as a whole. do you accept that criticism? that misses a lot of what we do. a lot of what you will see of the ifs on the airwaves is just about that, but we work on all sorts of thi...

Belgium is cutting power bills for hard-pressed consumers but already has an eye-watering debt burden.

They are marching from Valencia to Madrid to "defend the right to decent wages and pensions" at a protest on 15 October.

The vast majority of Americans, by far, are worse off today under Democratic rule than they were when Republicans controlled Congress and Donald Trump was president. Less than two years after [...]

I think theres a very good case for saying you should make big changes to the economy. but they need to be long—term, sustainable, and carefully put in place. there isnt a free lunch sitting out there. its not the case that every policymaker in the world has been so stupid that they did not work out that the one thing you could do was slash taxes and everything would be fine, or massively increase of public spending and everything would be fine, it is just harder than that. youve done thisjob ...

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It raises one of the interesting questions about the limits of what you do. people on the left would say, look, if you only look at what is called technically the microeconomics, whether the numbers add up, you lose the bigger picture, which is what the impact on society is of austerity, for example. and whether it is actually long—term making us poorer because the consequences of cuts, even if they make the numbers add up, may be very bad for the economy as a whole. do you accept that critici...

Also following what you would describe as being economically orthodox. it covers a huge range of things. what doesnt sit within it is the idea that, whether you are on the left or the right, there is a free lunch somewhere and that free lunch is either massive public spending unfunded or massive tax cuts unfunded. you can make big changes to the economy. there is a very big case for saying you should. but they need to be long—term, sustainable, and carefully put in place. there isnt a free lun...