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    Responding to the recession: smaller businesses reduced labour costs; larger firms reduced their workforce

Responding to the recession: smaller businesses reduced labour costs; larger firms reduced their workforce

Looking at the experiences of British businesses during the financial crisis, Yanqing Lai, George Saridakis, Robert Blackburn and Steward Johnstone find that small and medium-sized firms were more likely to have responded with cutting pay and work hours. They also find that large firms were more likely to have responded with personnel layoffs, mainly due to having less flexible […]

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    Lies, damned lies and statistics on the UK’s EU membership

Lies, damned lies and statistics on the UK’s EU membership

How would leaving the European Union affect the UK’s economy? Iain Begg writes that with pro-EU and anti-EU campaigning groups now officially up and running ahead of the UK’s planned referendum, British voters will undoubtedly be confronted with a series of contradictory claims and counter-claims on the costs and benefits of membership. He argues that it would be unwise […]

The (not-so) green shoots of recovery

Today saw the announcement of 0.6 per cent GDP growth for the second quarter of this year, leading the Chancellor, George Osborne, to claim that the economy is now ‘on the mend’. John Van Reenen takes a close look at these claims, finding that the UK’s economic indicators are by no means in the best of health. A dislocated financial sector and […]

Lessons for policy-makers, reflecting on UKIP’s successes, and what derailed the UK’s recovery?: Top 5 blogs you might have missed this week.

John Curtice, writing at the IPPR’s Juncture, looks at UKIP’s successes in this year’s local elections, where it received an average of 25 per cent of the vote in the wards that it contested. He says that while the strong results for the party will hold it in good stead for the 2014 European Parliament elections, it remains to […]

The uncertainty created by David Cameron’s policy on EU membership may cost the UK’s already troubled economy

Prior to UK Prime Minister David Cameron’s speech on the country’s relationship with the EU, Michael Emerson set out several hazards that his strategy was expected to face. Revisiting these hazards after the speech, he finds them to be mostly confirmed. He argues that Cameron’s policy is badly defined, politically unmanageable, creates uncertainty for investment, and implies a difficult and clouded scenario for […]

Book Review: Economics After The Crisis: Objectives and Means

In Economics After the Crisis, Adair Turner writes that the crisis of 2008-2009 should prompt a wide set of challenges to economic and political assumptions and to economic theory. Turner argues that the faults of theory and policy that led to the crisis were integral elements within a broader set of simplistic beliefs about the objectives and means of economic activity that dominated […]

Book Review: Britain’s Second Labour Government, 1929-31: a reappraisal

This book is a timely collection of essays on Labour’s second period in office during the international financial crisis of 1929-1931. Contributions by leading historians and younger academics bring fresh perspectives to Labour’s domestic problems, electoral and party matters, relations with the Soviet Union and ideological questions. Many of the chapters offer a valuable and fresh perspective on the period, but […]

Book Review: The Bank: Inside the Bank of England

The Bank of England is a uniquely powerful, influential and secretive institution, and in this inside account of the Bank, Dan Conaghan draws on interviews with senior Bank staff, shedding new light on the Bank’s role in the financial crisis. With its depth of source material and accessible style, Alastair Hill finds that Conaghan’s recent history of the Bank is timely, informative, and highly […]

Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by British Politics and Policy at LSE is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.