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.... To the residents of the small towns surrounding the site it's a constant reminder of a failed economic promise. For Jose Puebla Ortiz, who sold his plot of land to Ford, it's still painful to think of the economic prosperity his family could have had. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 11:00:17 PM
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....3% in the first quarter. There was no growth at all in the first quarter in GDP per head, which adjusts for the size of the population and is generally seen as a better guide to prosperity than mere GDP. ... [Read full article on Guardian ]
Thursday 25th of May 2017 09:24:06 AM
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Latest Finance News related to Prosperity

UK economy slows more than expected as inflation hits spending image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:24:06 AM
....3% in the first quarter. There was no growth at all in the first quarter in GDP per head, which adjusts for the size of the population and is generally seen as a better guide to prosperity than mere GDP. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
.... To the residents of the small towns surrounding the site it's a constant reminder of a failed economic promise. For Jose Puebla Ortiz, who sold his plot of land to Ford, it's still painful to think of the economic prosperity his family could have had. ...
China invests $124bn in Belt and Road global trade project image
Source : BBC [Read Article] Sunday 14th of May 2017 07:55:39 AM
....A Chinese idea but for everyone's benefit. That's how Mr Xi presented his Belt and Road vision to drive trade and prosperity through Chinese built infrastructure. ...
China's Xi lays out $900bn Silk Road vision amid claims of empire-building image
....Ethiopia’s prime minister, Hailemariam Desalegn, hailed what he called a unique, historic, extraordinary and momentous project. “Many of us in the developing world – especially we in Africa – continue to view China as a successful economic model and a reliable ally in the fight against poverty and in our quest for prosperity,” he said, describing the Belt and Road as the greatest economic collaboration of the 21st century. ...
Euro slips after Macron wins French presidency image
Source : BBC [Read Article] Sunday 7th of May 2017 09:50:10 PM
....Jean Pisani-Ferry, chief economic adviser to Mr Macron, told BBC Radio 4's Today programme that France's new president had no interest in punishing Britain and did not want a hard Brexit, but said he would be "tough" during negotiations. He said: "There is a mutual interest in keeping prosperity that exists, that has been built over the years from lots of economic and various relationships, also the security and defence relationship is extremely important in the kind of environment we are in and which is a very dangerous environment. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
.... It’s a lie to say those two things are mutually exclusive. Prudent regulation enables prosperity; letting Wall Street rig the rules results in stagnation and inequality. ...
Brexit will 'stall' City, says Goldman Sachs chief image
Source : Guardian [Read Article] Friday 5th of May 2017 07:01:26 AM
....“That is why our sector has a key role in communicating our priorities: access to international talent, a transitional agreement and a bespoke deal that enables two-way access from the EU27 to the UK. “My goal in taking up office is a vibrant, thriving City contributing to the prosperity and wellbeing of the capital and the country. ...
UK economy is being sucked into London and south-east, says TUC image
Source : Guardian [Read Article] Friday 28th of April 2017 06:44:57 AM
. The TUC has called on political parties to spell out plans to spread prosperity to all Britain’s regions after warning that economic activity is becoming ever more concentrated in London and the south-east. ...
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian image
....The rise of anti-globalisation political movements and the threat of trade protectionism have led some people to wonder whether a stronger multilateral core for the world economy would reduce the risk of damaging fragmentation. After all, lest we forget, the current arrangements – as pressured as they are – reflected our post-world war two forebears’ strong desire to minimise the risk of “beggar-thy-neighbour” national policies, which had crippled growth, prosperity and global stability in the 1930s. ...
Reacting to technological threats isn't enough – we need to plan for them | Michael Boskin image
.... That can create space for something really ugly to occur, such as, say, a cyber-attack that knocks out an electrical grid. Beyond the immediate consequences, such an incident could spur citizens to demand excessively stringent curbs on technology, risking freedom and prosperity in the quest for security. ...
Industrial strategy 'must help' UK creative industries image
Source : BBC [Read Article] Saturday 15th of April 2017 02:53:13 AM
....Business Secretary Greg Clark said creative industries contributed nearly £90bn to the economy in 2015. He said TV producer Sir Peter Bazalgette is carrying out an independent review of how the sector "can help drive prosperity across the country by developing new technologies, capitalising on intellectual property rights and encouraging creativity from people of all ages and backgrounds". ...
Finally, a breakthrough alternative to growth economics – the doughnut | George Monbiot image
....” All that counts is the rate at which we turn natural wealth into cash. If this destroys our prosperity and the wonders that surround us, who cares?. ...
The case for a three-day weekend is clear – let’s start planning now | Caroline Lucas and Jonathan Bartley image
.... And, crucially, redistributing work from the 6 million of us in Britain working more than 45 hours a week to the more than 1. 5 million who are out of work would share prosperity and start to tackle the costs associated with unemployment. ...
Global productivity slowdown risks creating instability, warns IMF image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:56:41 PM
....That kind of progress had been seen in many countries, she added. “But this engine of prosperity has slowed down in recent years, with negative consequences for growth and incomes that look very hard to unwind. ...
Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz image
.... And the opportunities for self-interested greed offered by Russia were simply too great for some to resist. Clearly, democratisation in Russia required efforts aimed at ensuring shared prosperity, not policies that led to the creation of an oligarchy. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... That has made London extremely rich, but widened the gap between the capital and the rest of the country. It is no accident that London was so strongly for remain in the referendum, but its economy has more in common with the crescent of prosperity running through northern Italy, eastern France, the Low Countries and the western Länder of Germany than it does with the rest of the UK. ...
No, wealth isn’t created at the top. It is merely devoured there | Rutger Bregman image
.... The basic mechanism, however, is always the same: offer loans like it’s going out of style, which in turn inflates the price of things like houses and shares, then earn a tidy percentage off those overblown prices (in the form of interest, commissions, brokerage fees, or what have you), and if the shit hits the fan, let Uncle Sam mop it up. The financial innovation concocted by all the math whizzes working in modern banking (instead of at universities or companies that contribute to real prosperity) basically boils down to maximising the total amount of debt. ...
UK businesses welcome May's free trade call but warn of no-deal Brexit disaster image
.... It is in the interests of businesses across Europe to work together in absolute determination to make a success of Brexit. “Our shared aim must be to forge a mutually beneficial deal that delivers barrier-free trade and safeguards prosperity for all. ...
Crest Nicholson to pay bonuses despite shareholder revolt image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:10:32 PM
....He said: “As the starting gun is fired on this year’s AGM season, businesses around the UK would do well to heed the lessons from Brexit. “Too many people still feel they are not sharing in this country’s prosperity. ...
Save London's high streets from business rate hike, says mayor image
Source : Guardian [Read Article] Monday 20th of March 2017 04:43:52 PM
....This is the first time Britain’s property has been revalued since 2010. The revaluation is designed to spread the burden of business rates according to economic prosperity. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
....Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". "Part of that is building a strong economy and ensuring that the benefits of economic growth and prosperity are felt across every part of the UK. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
....Writing for the Guardian, Chris Cummings, the IA chief executive, said: “As the starting gun is fired on this year’s AGM season, businesses around the UK would do well to heed the lessons from Brexit. Too many people still feel they are not sharing in this country’s prosperity. ...
Executive pay: all eyes on boardroom as AGM season looms  | Chris Cummings image
....As the starting gun is fired on this year’s AGM season, businesses around the UK would do well to heed the lessons from Brexit. Too many people still feel they are not sharing in this country’s prosperity. ...
Trump begins rollback of Obama's car pollution standards to curb emissions image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:22:11 PM
.... On Wednesday, an alliance of 1,000 US companies took out ads in Washington DC publications to urge Trump to stay in the deal and work towards a low-carbon economy. The group, which includes Mars, General Mills and Ikea, warned that “failure to tackle climate change could put America’s economic prosperity at risk”. ...
Seaton Delaval Coty closure could mean 400 jobs axed image
Source : BBC [Read Article] Tuesday 14th of March 2017 02:56:07 PM
....Councillor Grant Davey, leader of Northumberland County Council, described it as "worrying news". He said: "The loss of so many jobs would have a massive impact, not just on individuals and their families but also the wider economy and future prosperity of the area. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
....RM: This was also widely trailed by the Treasury as part of its focus on increasing the status of technical education. RM: This is a development of George Osborne’s ‘northern powerhouse’ strategy attempting to spread prosperity beyond the south-east. ...
Business wish list image
Source : BBC [Read Article] Sunday 5th of March 2017 01:37:19 AM
....In its Budget submission letter, the group urges the government to make sure it does not add to the mounting burden of costs facing firms for just doing business. "Prioritising stability will inject further confidence in the economy now, and help boost the country's productivity and prosperity for the future," says CBI chief economist Rain Newton-Smith. ...
George Osborne warns against leaving EU without trade deal image
Source : BBC [Read Article] Tuesday 28th of February 2017 03:18:11 PM
....The UK's interests, he added, had not been best served by delegating its trade policy to the EU and that the UK had a "unique global quality" which meant it would be able to maximise the opportunities provided by Brexit. He said he regretted the fact that globalisation had become a "boo word in the political lexicon", saying it had been a "liberating and enriching force" in lifting millions out of poverty and contributing to peace and prosperity in Europe. ...
Brexit is a Whitehall farce that threatens the heart of Europe image
Source : Guardian [Read Article] Sunday 26th of February 2017 07:00:23 AM
....Even Liam Fox, a hard-line Brexiter if ever there were one, recently conceded that he knew of no recent free trade agreement that did not also involve concessions on migration. So why the hell are we having to risk sacrificing much of our European trade, and potential future investment and prosperity, for the sake of offering sops to the Cerberus of Ukip?. ...
Driverless trucks: economic tsunami may swallow one of most common US jobs image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:00:02 PM
.... Over the same 42 years, the American economy grew by more than 200%, or a staggering $11tn. For millions of average Americans, the reasonable expectations of their youth – a steady job, home ownership, college education for their children – have degraded into decades of stagnation, even as they have been continuously bombarded by news of the overall growth and prosperity of the US economy. ...
EU main export market for most UK cities, says thinktank image
Source : Guardian [Read Article] Monday 30th of January 2017 07:01:46 AM
.... In her first key announcement on Brexit, the prime minister also confirmed the government planned to take the UK out of the EU single market. That plan has raised fears for the UK’s long-term prosperity, given its strong reliance on the EU as a trading partner. ...
Smoot and Hawley, the ghosts of tariffs past, haunt the White House image
Source : Guardian [Read Article] Sunday 29th of January 2017 12:00:23 PM
....”. Republicans called protective tariffs “essential for the continued prosperity of the country” and Hoover, who said agriculture was “the most urgent economic problem” facing the nation, said “an adequate tariff is the foundation of farm relief”. ...
This belated Tory conversion to industrial strategy is tragic image
Source : Guardian [Read Article] Sunday 29th of January 2017 06:59:17 AM
....Although some prominent Brexiters go on about regaining sovereignty and escaping the European court of justice, it seems to be widely accepted that the Leavers would not have won if they had not made such a fuss about immigration. They want us to sacrifice the future prosperity of this country, with implications for the government’s tax take that will almost certainly exacerbate the social problems associated with austerity, in order to regain control of immigration. ...
Electric cars will not stem global demand for oil, says BP image
Source : Guardian [Read Article] Wednesday 25th of January 2017 02:47:17 PM
....Global demand for oil will still be growing in 2035 even with an enormous growth in electric cars in the next two decades, with numbers on the road rising from 1m to 100m, BP has predicted. The oil and gas giant predicted that despite electric cars spreading rapidly and renewable energy recording exceptional growth, oil demand would still rise because of rising prosperity in the developing world. ...
Can post-Brexit London survive as Europe's cultural and financial capital? image
.... It is a city with a population of more than eight million, and an economy the size of Belgium’s. Its prosperity has depended not simply on tourism, but on being a leading centre for business, finance, education, technology and the creative industries. ...
If Brexit Britain is to survive, Theresa May must get industry right | Matthew d’Ancona image
....If you can tear yourself away from the satsuma-haired president and plucky Britain’s escape from the tyranny of Brussels, do take a look. In Davos last Thursday, the prime minister declared that: “the term ‘industrial strategy’ has fallen into something approaching disrepute in recent years, but I believe such a strategy – that addresses the long-standing and structural weaknesses in our economy – is essential if we are to promote the benefits of free markets and free trade as we wish … We can’t leave all this to international market forces alone , or just rely on an increase in overall prosperity… we have to step up and take control – to ensure free trade and globalisation work for everyone. ...
Companies must share benefits of globalisation, Theresa May tells Davos image
Source : Guardian [Read Article] Thursday 19th of January 2017 11:21:27 AM
....Theresa May has told the world’s biggest companies they need to start paying their taxes and treat their workers more fairly in order to address the concerns of those who feel left behind by globalisation. In a keynote speech to the World Economic Forum, the prime minister said governments could not rely on international market forces to deliver prosperity for everyone and action was needed to address the “deeply felt sense of economic inequality that has emerged in recent years”. ...
Pound soars but FTSE falls after Theresa May's Brexit speech image
Source : Guardian [Read Article] Tuesday 17th of January 2017 06:37:34 PM
.... The share index has been boosted for several months by the fall in the pound, which helps exporters and those companies with overseas earnings, and some of that effect was unwound on Tuesday as the pound jumped almost 3%. The UK currency had been under pressure in the days before the prime minister’s key speech, as investors fretted over the prospect of the blow to trade and economic prosperity from a hard Brexit deal that leaves the country outside the European single market. ...
What do business leaders think of Theresa May's Brexit speech? image
Source : Guardian [Read Article] Tuesday 17th of January 2017 01:56:08 PM
....The government’s economic strategy is being driven by “old fashioned, isolationist, British nationalism” and May’s negotiating tactics for Brexit “amount to nothing more than sticking her fingers in her ears and humming Rule Britannia”, according to Business for Scotland. Gordon MacIntyre-Kemp, the chief executive of Business for Scotland, said: “Scotland now has a choice between being dragged under with an isolationist, self destructing, distant, disinterested and dysfunctional UK government or planning a route to greater shared prosperity with a fully empowered, independent Scottish government focused on an international, inclusive, civic national identity and economy policy. ...
IMF upgrades UK forecast but notes Brexit terms are 'unsettled' image
Source : Guardian [Read Article] Monday 16th of January 2017 02:00:25 PM
....Obstfeld noted signs of widespread frustration around the world at what many feel is an unfair distribution of the fruits of globalisation and economic growth. As policymakers and business leaders gather in Davos for the World Economic Forum, and with inequality top of this year’s agenda, the IMF became the latest in a line of international bodies to call for more shared prosperity. ...
ILO warns of rise in social unrest and migration as inequality widens image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:00:07 PM
.... we should take some solace in the fact that people are able to demonstrate but it speaks to the notion that something is broken,” said Tobin. “It speaks to discontent with the socioeconomic situation, with finding a quality job and being able to share in the gains of whatever limited prosperity there is. ...
My new year forecast: Trumpian uncertainty, and lots of it image
Source : Guardian [Read Article] Monday 9th of January 2017 11:59:13 AM
.... Will it be the US, where ordinary citizens have already suffered for so long, or China, which, despite troubled times, has managed to generate growth in excess of 6%?. More broadly, the Republican/Trump agenda, with its tax cuts even more weighted towards the rich than the standard GOP recipe would imply, is based on the idea of trickle-down prosperity – a continuation of the Reagan era’s supply-side economics, which never actually worked. ...
Paris lobby predicts City firms will make decision on moving within weeks image
....Bank of England officials have said the EU as a whole could lose out as a result of Brexit, while New York, already a major financial centre, could benefit. Dimon said he hoped “rational heads” would prevail, saying the EU had been good for peace and for economic prosperity. ...
Will Donald Trump's election put America first and global conflict next? image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 08:33:31 AM
.... It may also portend the end of Pax Americana – the international order of free exchange and shared security that the US and its allies built after the second world war. That US-led global order has enabled 70 years of prosperity. ...
Surging stock markets say Trump is a conman and May a phoney | Andrew Rawnsley image
.... This discontent has spread to quite a lot of those who have actually done OK since the Great Crash of 2007-09. They have nevertheless felt worse off, because the rewards of prosperity have been disproportionately and conspicuously enjoyed by the very top slice of society. ...
Mark Carney's year in quotes: 'We are actors in a play written by others' image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:29:51 AM
....“All this uncertainty has contributed to a form of economic post-traumatic stress disorder amongst households and businesses, as well as in financial markets,” he said. “Today, uncertainty has meant an inchoate sense of economic insecurity for many people, despite generalised economic prosperity. ...
Business in 2016 image
Source : BBC [Read Article] Saturday 24th of December 2016 02:43:56 AM
Brexit deal risks some sectors of economy being left behind, warns CBI image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
....The group has identified six business priorities for the post Brexit economy, including a barrier-free relationship with the EU, a clear path for regulation, and a migration system that allows businesses to access skills and labour from abroad. Fairbairn added: “The CBI will work closely with the government to deliver an outcome that helps to meet the needs of firms throughout the UK, building a post-Brexit economy that spreads prosperity to all. ...
Sky investors should think in the long term and reject Murdoch's deal image
Source : Guardian [Read Article] Thursday 15th of December 2016 07:45:24 PM
.... But Gilbert was clear on why “the early exit culture infecting today’s market” should be resisted: by focusing on quality, long-termism leads to better outcomes. Great stuff, and an accurate summary of why the cut-and-run approach to managing money damages prosperity. ...
Government Digital Service faces a brain drain image
Source : BBC [Read Article] Thursday 15th of December 2016 08:51:44 AM
.... . "The sector is key to our competitiveness and future prosperity - we cannot afford to be losing key people at this important time. ...
Fossil fuel divestment funds double to $5tn in a year image
Source : Guardian [Read Article] Monday 12th of December 2016 04:00:31 PM
....“I commend today’s announcement that a growing number of investors are backing a shift away from the most carbon-intensive energy sources and into safe, sustainable energy,” said Ban. “Investments in clean energy are the right thing to do and the smart way to build prosperity for all, while protecting our planet. ...
Oh for the 1960s! People earned less but could afford more image
Source : Guardian [Read Article] Saturday 10th of December 2016 07:00:07 AM
.... But holidays were infrequent, mostly to relatives and friends, and never abroad. Economic growth since the 1960s has been real, but the link between growth and personal prosperity has broken down. ...
Kenya pins its prosperity hopes on oil image
Source : BBC [Read Article] Friday 9th of December 2016 12:10:58 PM
'A landscape of exhaustion and moral decay' – lessons from the 'lost decade' of the 1860s image
.... Thanks to the publication of Charles Darwin’s Origin of Species in 1859, the universe increasingly seemed not only godless but, what was perhaps even worse, indifferent to the sufferings of ordinary folk. The shock of 1866 was doubly hard because, for the previous 15 years, Britain had been sailing on a sea of prosperity and confidence. ...
Brexit: EU negotiator says 'time's short' for reaching deal image
Source : BBC [Read Article] Tuesday 6th of December 2016 11:25:15 AM
...."There will be rebalancing but my conviction remains the same. Europe has to be the bedrock on which European citizens can lean in order to push ahead and construct the EU further for their safety, security, defence and prosperity. ...
Carney warns about popular disillusion with capitalism image
Source : BBC [Read Article] Monday 5th of December 2016 05:26:11 PM
...."So the vast majority of savers who might have lost some interest income from lower policy rates have stood to gain from increases in asset prices, particularly the recovery in house prices," he added. The challenges to greater prosperity, he said, were far wider. ...
Tata Steel: Unions close to deal to keep Port Talbot open image
Source : BBC [Read Article] Monday 5th of December 2016 03:46:50 PM
....Stephen Kinnock, Labour MP for Aberavon, said he was "desperately hoping and praying" for some positive news for steelworkers and their families who had "been through hell". Speaking to BBC Radio Wales' Good Evening Wales programme, he said: "We have said from the start that we need a very clear commitment to both of the blast furnaces and to the investment that we need to build a long-term future of prosperity for Port Talbot, and for the steel industry across the county. ...
Bank of England must be wary of interest rate rise, says chief economist image
Source : Guardian [Read Article] Friday 2nd of December 2016 02:37:12 PM
....Haldane joined other policymakers on the MPC in defending the Bank’s measures to shore up the economy in the wake of the global financial crisis after prime minister Theresa May’s remarks earlier this year that there had been “some bad side-effects” from low interest rates and QE. He echoed the deputy governor, Ben Broadbent, in arguing monetary policy could have little influence on how prosperity is shared out in an economy. ...
Class, race, wealth: Britain is a nation blighted by divisions | Rafael Behr image
.... She says government must more actively restore ladders of opportunity that have fallen away over decades. Does she understand how the problem of immobility also operates on the horizontal axis? Confinement by monoculture is the enemy of aspiration and prosperity. ...
Chaotic careers education harms economy, says Ofsted image
Source : BBC [Read Article] Thursday 24th of November 2016 03:28:00 PM
. Chaotic careers education in England's schools could jeopardise the UK's future economic prosperity, says education watchdog Ofsted. ...
Philip Hammond defends 'doom and gloom' Brexit forecast image
Source : Guardian [Read Article] Thursday 24th of November 2016 09:38:25 AM
....“Outside of the EU’s single market we can look forward to an even stronger economy – with better regulation and free trade deals with some of the fastest growing economies in the world. This will benefit businesses large and small and help to create jobs and spread prosperity across the country. ...
Brexit will blow £59bn hole in public finances, admits Hammond image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 08:39:09 PM
.... In future, budgets will be held annually in the autumn, with a more slimmed-down update in the spring, meaning that there would be two budgets in 2017. Hammond told the Commons that the Brexit vote “makes more urgent than ever the need to tackle our economy’s long-term weaknesses, like the productivity gap, the housing challenge, and the damaging imbalance in economic growth and prosperity across our country”. ...
Philip Hammond's autumn statement is a welcome reality check image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 04:17:10 PM
.... He admitted that infrastructure was deficient. There was no attempt to disguise the fact that there is a prosperity gap between London and other major cities. ...
How will the autumn statement change Britain? Our panel’s views | Matthew d’Ancona, Martin Kettle, Gaby Hinsliff, Aditya Chakrabortty and Polly Toynbee image
....There were a handful of measures aimed foursquare at those “just about managing” – the so-called Jams: the increase in the National Living Wage, the continued freezing of fuel duty, a renewed commitment to raise the personal tax allowance to £12,500, the promise of more affordable housing, the amendment of the universal credit taper. But Hammond’s passion is productivity, which he believes holds the key to economic prosperity, equitably spread, in the decades ahead. ...
The Guardian view on workers’ representation: May’s U-turn is a betrayal | Editorial image
.... Her promises of employees and consumers on boards are dust. Her rethink of governance that might spell the end of the short-termist interpretation of shareholder value, so destructive to sustainable prosperity, is consigned to a distant green paper. ...
Are you a JAM? image
Source : BBC [Read Article] Monday 21st of November 2016 10:48:16 AM
....". Mr Hammond made similar sounds on BBC One's Andrew Marr Show on Sunday, saying he would support people "who work hard and by and large do not feel that they are sharing in the prosperity that economic growth is bringing to the country". ...
London attracts one-quarter of graduates from UK universities image
Source : Guardian [Read Article] Monday 21st of November 2016 12:01:51 AM
....Ahead of Philip Hammond’s first autumn statement this week, the report by thinktank Centre for Cities, published on Monday, found that one in four recent university leavers chose to work in the capital, a brain drain harming the prospects of other cities by depriving them of the skills they need, as the economy shifts towards knowledge-intensive activities. Alexandra Jones, the chief executive of Centre for Cities, said: “The government will not achieve its vision of extending prosperity and growth across the country unless it takes steps to help more cities attract and retain the UK’s top talent. ...
Jam tomorrow: all Philip Hammond is likely to offer struggling Britons image
Source : Guardian [Read Article] Sunday 20th of November 2016 02:48:08 PM
....Philip Hammond, who has the responsibility of making good on the prime minister’s promises, explained who the Jams were on his visit to Andrew Marr’s sofa to talk about Wednesday’s autumn statement. “They are the people who work hard and don’t feel they are sharing in the prosperity that economic growth is bringing to the country,” the chancellor said. ...
Philip Hammond dashes hopes of big windfalls for struggling families image
Source : Guardian [Read Article] Sunday 20th of November 2016 11:56:12 AM
....”. In a hint that he would offer some help to the so-called Jams – “just about managing” – on Wednesday, Hammond said he would support people “who work hard and by and large do not feel that they are sharing in the prosperity that economic growth is bringing to the country”. ...
Autumn Statement: UK economy must be watertight, says Hammond image
Source : BBC [Read Article] Sunday 20th of November 2016 10:50:30 AM
....The UK economy must be "watertight" to cope with "sharp" challenges ahead of Brexit, Chancellor Philip Hammond has said, days before the Autumn Statement. Asked if he would help "just about managing" families, he said more must be done for those who feel they are not sharing in the UK's prosperity. ...
Barack Obama raises possibility of debt relief on final Greece visit image
Source : Guardian [Read Article] Tuesday 15th of November 2016 07:24:05 PM
....Making his first stop in Athens in a farewell tour aimed at safeguarding his legacy, Obama made the strongest case yet for the debt-stricken country to be given some slack. He said: “To the rest of Europe I will continue to emphasise our view that austerity alone cannot deliver prosperity. ...
Joseph Stiglitz: what the US economy needs from Donald Trump image
Source : Guardian [Read Article] Tuesday 15th of November 2016 12:00:15 PM
.... But Trump has been virtually silent on this topic. Restoring shared prosperity would require policies that expand access to affordable housing and medical care, secure retirement with a modicum of dignity, and allow every American, regardless of family wealth, to afford a post-secondary education commensurate with his or her abilities and interests. ...
Childcare 'key to reducing inequality' image
Source : BBC [Read Article] Monday 14th of November 2016 12:06:20 AM
....A boost to the regions and nations of Britain would also have an impact. This would, according to the research, spread prosperity more evenly around the UK. ...
Employees £3,500 a year worse off under Tories, says Labour image
Source : Guardian [Read Article] Monday 14th of November 2016 12:01:32 AM
....“In so many ways, self-employment is characteristic of both the opportunities and the challenges faced by our society,” she will say. “It brings to the individual a combination of great freedom with great risk, an ability to build one’s own enterprise or to work flexibly around other priorities; it can offer great prosperity for some, but poverty pay for others. ...
Barack Obama calls for 'meaningful debt relief' for Greece image
Source : Guardian [Read Article] Sunday 13th of November 2016 07:39:08 PM
.... “I am a strong believer that to make reforms sustainable, people need hope,” he told the Greek newspaper Kathimerini before the trip, which will be his final state visit before leaving office. “The International Monetary Fund has said that debt relief is crucial to put Greece’s economy on a sustainable path and set the stage for a return to prosperity. ...
We are living in a depression - that's why Trump took the White House image
Source : Guardian [Read Article] Sunday 13th of November 2016 03:29:04 PM
.... The depression since 2008 has not been as severe as that of the 1930s but there are echoes of it all the same: in the food banks that are the new soup kitchens; in the mass movements of migrants in search of a better life who are the modern equivalent of the Okies in the Grapes of Wrath; and in Trump, who has tapped into anger that has been bubbling away quietly for decades. The turning point for the average American worker came in the mid-1970s because for the first 30 years after the second world war the gains from rising prosperity were evenly shared. ...

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