Tag: Ross Gittens

Budget 2018: This budget is too good to be true

Much of this rapid return to “the old normal” rests on the government’s forecast that the past four or five years of exceptionally weak growth in wages will end next month. Wage rises will be a lot higher in 2018-19, higher again the following year and still higher, at 3.5 per cent a year, in the following two years and for the remaining years out to 2028-29.

I think this is the basic explanation for the budget’s forecasts and projections, prepared by that well-known Italian economist, Rosie Scenario.

via Budget 2018: This budget is too good to be true

Banking royal commission: Misbehaviour shows power of KPI’s

 

Amid all the reluctant truth-telling at the banking royal commission, one big lie has yet to be apprehended: shame-faced witnesses keep admitting they put their shareholders’ interests ahead of their customers’. Don’t believe it.

via Banking royal commission: Misbehaviour shows power of KPI’s

The neoliberalism of Margaret Thatcher and Ronald Reagan has run its course

You can see it overseas in the electoral popularity of Bernie Sanders and Jeremy Corbyn, and the anti-establishment revolts in the Brexit vote and the election of Donald Trump.

Source: The neoliberalism of Margaret Thatcher and Ronald Reagan has run its course