False Economy ran from 2010-2015. This site is no longer being updated, but the False Economy research team continue to report at Sentinel News.
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Topic: Economy

Living standards boost needed as average wage fell £500 in 2014

31 Dec 2014: The average full-time employee wage has fallen in real terms by £2,509 since 2010 – about £50 a week.
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Unmasking austerity and organising for new challenges: Dexter Whitfield

12 Sep 2014: Austerity measures will continue for many more years: cuts to services, jobs and wages will not automatically be restored. Organising fightback is as important as it ever was.
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August: join the anti fracking action camp in Blackpool

30 Jul 2014: This summer stand up for social, environmental and economic justice - August 14 - 20th.
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Most workers on zero hours contracts earn less than the living wage

30 Apr 2014: Many workers on these type of contracts are poorly paid, have no regular income and are at risk of exploitation.
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Self-employment accounts for 44% of the net rise in employment since mid- 2010

15 Apr 2014: Pensioners, part-time workers and ‘odd-jobbers’ are the fastest growing groups of Britain’s new self-employed workforce.
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Unmasking austerity - harsh lessons from Europe and North America

20 Aug 2013: Dexter Whitfield on the reasons why austerity has failed and its disastrous economic and social effects in Europe and North America.
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Austerity isn’t working but Osborne will extend it

26 Jun 2013: The excellent Birmingham Against the cuts on real stories of austerity and spending reviews
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Ten big questions for economic policy

4 Jun 2013: Duncan Weldon asks ten questions for economic reform, including - how can we ensure that the rewards from growth actually benefit most people? and how can we reduce our dependence on the financial sector as a driver of growth?
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When will the economy recover?

21 May 2013: Duncan Weldon asks: taking stock of current forecasts, when exactly can we call a recovery in the UK?
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Fiscal frameworks and increasing public spending

19 Apr 2013: Those arguing that policymakers should sign up to current fiscal plans are in effect arguing they should sign up to a fiscal framework that has failed to reduce the deficit anywhere as much as promised
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Household savings ratio: the most important graph for the UK economy?

18 Apr 2013: Duncan Weldon asks if policies that drive down the household savings ratio desirable and argues that in the long run, recovery will only be sustainable if it is build on the solid foundations of rising household incomes.
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Austerity has failed. It’s time for a new approach

23 Feb 2013: The credit ratings agencies and George Osborne have been proved wrong.
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The failure of austerity in Europe

21 Feb 2013: Duncan Weldon: the persuasive case that much of the Eurozone’s austerity was driven by bond-market panic, not fundamental factors and much of it has been self-defeating.
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GDP figures: The Long Slump

26 Jan 2013: Duncan Weldon: since the ‘emergency’ budget of 2010, the economy’s performance has been disastrous.
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Four year real wage fall will cost average worker £6,000

16 Jan 2013: Wages failing to keep pace with rising prices.
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2012: the year austerity economics started to unravel

1 Jan 2013: Very interesting post from Birmingham Against Cuts on austerity's failures and alternatives.
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The fall and fall in the real wages people are taking home

13 Dec 2012: Duncan Weldon on the "double-dipping" of real wage growth.
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Making poor people poorer is no way to economic growth

5 Dec 2012: A few views on Osborne's autumn statement...
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The new austerity and the end of the welfare state

26 Nov 2012: Will we have a social security safety net left at all by 2020?
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Four million ways regional pay would hit working households

9 Nov 2012: Northern TUC Policy and Campaigns Officer Neil Foster explains why regional pay is a false economy.
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Statistics from Measuring National Wellbeing show us what stagnation looks like

23 Oct 2012: Richard Exell on stagnation and the fall in net national income per head.
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IMF/World Bank meetings: with 30m to 70m more jobless did anyone come out well?

14 Oct 2012: Even as the IMF starts to wonder, austerity fetishists continued to demand higher doses of a medicine that is worsening the global crisis.
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A morning at a foodbank: queues, crisis and running out of food

20 Sep 2012: Izzy Koksal debates the role of foodbanks as the economic crisis continues.
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From Birmingham: welfare reforms make child poverty target “unachievable”

16 Sep 2012: A look at how Universal Credit and welfare "reform" affects Birmingham.
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The great wages grab: how the share of the economy going into wages has shrunk

11 Sep 2012: As people struggle to pay bills, new TUC research shows how the share of the economy going into wages has shrunk.
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5 things you need to know about welfare cuts and the economy – new factsheet

7 Sep 2012: Our latest factsheet: how cutting benefits in a recession harms the economy
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Ethical Consumer event on tax justice: How do we stop corporate tax dodging?

6 Sep 2012: Tackling tax havens - from the Cayman Islands to your local council: getting corporations to pay their fair share of tax.
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The crisis of part time work and under employment

4 Sep 2012: New figures show that the number of under-employed workers has increased by 42 per cent over the last four years.
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Who’s next for the downalator? (*): More forecasts for GDP slashed

2 Sep 2012: More reasons to conclude that the Office for Budget Responsibility was always too optimistic about austerity.
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The final nail in the coffin for regional pay?

24 Aug 2012: New evidence published this week brings Osborne's treasured regional pay policy tumbling down.
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Independent forecasts show government’s utter failure on growth and debt

16 Aug 2012: The government faces having to borrow a staggering £174.9bn more in the years 2012-2016 than originally intended.
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Another G20 country moves on Robin Hood tax…

10 Aug 2012: When will UK and US politicians make their move towards Robin Hood tax...?
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The Localism Act: is it a threat or an opportunity?

6 Aug 2012: A useful guide: a new publication looks at the Localism Act and the implications as its powers take shape.
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Is this the worst Osborne interview ever?

26 Jul 2012: How the Chancellor went from a “double dose of good news” to double-dip recession.
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Osborne says austerity is driven by one key aim: to cut the deficit. He has failed even to do that

24 Jul 2012: Britain's budget deficit is now rising, not falling.
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How regional public sector pay will cost us all

18 Jul 2012: Duncan Weldon explains how implementing regional public sector pay could cost the economy almost £10bn a year.
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Hold big banks to account - move your money!

2 Jul 2012: "The only way to hold big banks to account is to use our consumer power and move our money."
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If not now, then when? The Spirit Level

29 Jun 2012: An important study on inequality will be made into a film. Help put this vital work on inequality on the agenda.
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The Missing Billions: UK Uncut and the alternative to slashing services

25 Jun 2012: As the government targets welfare, UK Uncut continues to target tax avoidance.
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False Economy at Netroots UK 2012

12 Jun 2012: Come and join False Economy at Netroots UK on 30 June in Central London!
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Loan sharks and the payday loan industry

11 Jun 2012: To take a browse at household debt today is enough to give most a nosebleed.
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A great chance to learn about Robin Hood tax

8 Jun 2012: Want to know more about making this great idea a reality?
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Child poverty is absolute and relative

5 Jun 2012: A new campaign is raising awareness of the social impact of inequality – and you can help.
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Robin Hood tax: it’s growing

2 Jun 2012: One to celebrate this weekend - a Robin Hood tax!
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Across Europe and now in Britain the consensus behind austerity has collapsed

25 May 2012: A new poll commissioned by Class shows backing for Hollande’s anti-austerity agenda.
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New report shows higher education reforms will increase national debt

18 May 2012: Dr Andrew McGettigan’s report assesses liabilities of the government's higher education funding reforms.
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Foodbank: our biggest client group now is people on low incomes

14 May 2012: As time goes on, more people on low incomes are struggling to meet housing and food bills.
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Why fiscal health depends on fairer taxation

12 May 2012: Why a shift to a more progressive system would have wider economic benefits - especially on the health of public finances.
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Beyond Austerity: A Growth Plan for Europe

7 May 2012: Duncan Weldon reports on a Beyond Austerity Rome conference and austerity's failure to deliver recovery.
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GDP: one chart and recession

25 Apr 2012: Richard Exell on the dual dangers of recession and low growth.
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Latest Housing Benefit figures – £4bn over target and PRS largesse

20 Apr 2012: Joe Halewood argues that it is time for a radical rethink of housing benefit policy and the private rental sector's role
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The case for austerity among the rich

27 Mar 2012: Professor Danny Dorling of the University of Sheffield publishes his new paper.
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Say no to tax avoidance for public service providers

20 Mar 2012: Some of the companies profiting from the privatisation of public services are the least ethical.
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5 things you need to know… download our new factsheets

17 Feb 2012: Introducing our series of essential, no-nonsense guides – starting with the deficit and the NHS bill
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All in this together?

12 Feb 2012: People who can least afford it are bearing the brunt of unemployment and cuts in real wages.
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QE: welcome but more needs to be done

10 Feb 2012: Is QE enough to get the economy moving again?
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Introducing the Austerity Curve

23 Jan 2012: Duncan Weldon introduces the Austerity Curve, which suggests there is a point at which government cuts increase the deficit
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Debt is demonised – but here’s why we need it

17 Jan 2012: Public debt is necessary and not always bad – the alternative is unemployment and stagnation
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All pain, no gain: forecasts predict longer dole queues and higher deficit

21 Dec 2011: Duncan Weldon dissects the grim new forecasts compiled by the Treasury.
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How inequality fuelled the crash – and is halting recovery

1 Dec 2011: Consumers have around £100 billion less in their pockets today than if the national cake was shared as it was in the late 1970s, writes Stewart Lansley
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Plan B starts here

30 Oct 2011: An important new report sets out an alternative to George Osborne's failed economics. Co-author Howard Reed outlines its main themes.
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The case against austerity

5 Oct 2011: Simon Wren-Lewis, professor of economics at Merton College, Oxford University, explains why the government's austerity drive is so misguided
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We rescued the banks. Here’s how they can help us rescue the economy.

28 Sep 2011: There is a growing momentum behind the idea that the government's holdings in high street banks should be used for investment to boost the economy
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NOW the cuts are biting – and the figures are terrible

14 Sep 2011: The private sector is creating only 1 job for every 2.7 lost in the public sector
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Osborne last October: “A steady recovery is under way”

6 Sep 2011: Last October Osborne boasted of a 'double dose of good news'. Now we face a double-dip recession.
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As the economy sinks, even Osborne’s former cheerleaders get cold feet

6 Sep 2011: The heads of the IMF and the world's largest bond fund call for a Plan B.
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Osborne will blame the world economy. But the UK was already faltering

22 Aug 2011: In the past nine months the UK economy has only grown 0.2% – the blame for that lies with the government.
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Latest figures further undermine Osborne’s recovery strategy

10 Aug 2011: Exports and manufacturing are down - which is deeply troubling for the government
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GDP: dire figures – and may be about to get worse

26 Jul 2011: This depression will not be as severe as the Great Depression, but – because of similar policies now as then – it is likely to last even longer.
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2011 is looking bad – but 2012 may be worse

21 Jul 2011: Almost no sector of the economy is performing well – and the real fiscal tightening is just starting to kick in
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Is the economy set to grow by 1% or less in 2011?

6 Jul 2011: George Osborne won’t be able to eliminate the deficit if the economy is barely growing – and growth of 1% or less would be a disaster for Britain.
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UK economy: the good, the bad and the ugly

21 Jun 2011: Last week we got three important updates on the state of the UK economy. Duncan Weldon reports.
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Osborne’s recovery depends on consumers getting further into debt. But they’re not.

27 May 2011: Lower personal debt is both good news – and very bad news – for the economy
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Osborne inherited a falling deficit – and proceeded to increase it

24 May 2011: The latest public borrowing figures show that the government’s cuts policy has failed to work even for its stated objective: reducing the deficit.
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The things they say, part 1: ‘The cuts aren’t that bad’

12 May 2011: Government supporters say the cuts aren't that deep. In a new series Duncan Weldon puts their claims to the test.
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Today’s growth figures: on the boundary between ‘terrible’ and ‘merely bad’

27 Apr 2011: We now know that the economy has been stagnant for the past six months, with no growth since the end of September. Duncan Weldon reports.
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Britain isn’t Portugal – but Osborne’s self-defeating policies will push us closer

12 Apr 2011: Osborne's claim that Portugal's bailout vindicates his austerity measures is wrong on two levels, writes Duncan Weldon
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Video: Cuts are not the cure

31 Mar 2011: A brilliant animation based on the arguments in False Economy's "Cuts are the wrong cure" section
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Far from cutting debt, Osborne’s plans will make it soar

29 Mar 2011: Osborne plans to drive down public debt by increasing the household debt that fuelled the crisis in the first place
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Video: It cuts both ways – alternatives to austerity

25 Mar 2011: Movie on alternatives to the cuts featuring Bill Nighy, economist Ann Pettifor, Radiohead guitarist Ed O'Brien, UK Uncut and False Economy.
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The Budget was a non-event. The real story is the worsening forecasts

24 Mar 2011: Despite Osborne hailing ‘a Budget for Growth’, growth forecasts were revised down for last year, this year and next year.
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We are winning the arguments

7 Mar 2011: Polls show that straight after the election the government was winning the arguments. But public opinion has now moved decisively.
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Osborne’s export-led recovery: the figures don’t add up

4 Mar 2011: The government is putting its faith in fast-growing economies like China and India. But most UK exports go to Ireland and other blighted economies.
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Just how damaging will the coming cuts be? Ask the IMF

24 Feb 2011: IMF research shows the dangerous folly of countries making cuts at the same time.
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Inflation and unemployment: the misery index rises

16 Feb 2011: Cameron wants a “happiness index”, but measuring misery seems more apt for our times.
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Awful trade figures bode badly for Osborne’s “export-led recovery”

9 Feb 2011: With prospects for growth in our major export markets looking weak it’s hard to see how exports can drive any recovery.
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Government policies will further squeeze the wages of ordinary workers. Even the IMF is worried

3 Feb 2011: To avoid future financial crashes we need more of the nation’s income to be taken by ordinary people. It’s a shame Osborne isn’t listening.
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The snow has thawed – but the next round of cuts will freeze the economy

26 Jan 2011: Yesterday’s GDP figures were a disaster, a disaster that brings home the dangers of cutting too hard and too fast.
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No money left? UK corporations are sitting on a £600bn surplus

12 Jan 2011: The Government claims “there is no money left” when making the case for immediate and deep spending cuts. Not true.
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It’s official: spending cuts harm the economy more than tax rises

22 Dec 2010: Whichever model you use, spending cuts – especially those that bash the poor – slow the economy more than tax rises.
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Introducing a new economic comparator: Pudsey

20 Dec 2010: Ministers say charities can step into the gap caused by cuts to services. So how many Children in Need appeals would it take to fill the gap?
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Video: a brilliant demolition of Osborne’s austerity economics

16 Dec 2010: Professor Mark Blyth explains why public debt is not the same as private in a short film that is both clear and entertaining.
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Will the cuts work? Just look at Ireland

13 Dec 2010: Just across the Irish Sea a right-wing government has been pursuing much the same the policies as the present Coalition for two years now. The results have been disastrous.
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Play video: Why cuts are the wrong cure
VIDEO: Why cuts are the wrong cure