25 Jul '12, 11am

How to end recession? Reverse austerity and invest in green infrastructure, creating jobs and rebalancing our economy

How to end recession? Reverse austerity and invest in green infrastructure, creating jobs and rebalancing our economy

Reversing course would immediately help. But the UK’s problems lie deeper. Dig into the figures , and beneath headline number you find that only two parts of the private sector were growing over the last quarter: utilities, fuelled by rising prices, and “business services and finance”. In other words, as the recession worsens – aided by austerity – the chronic weaknesses of the economy are worsening with it. We are becoming more, not less, dependent on finance and spending more, not less, on energy. Osborne’s “march of the makers” is a joke in poor taste, with manufacturing output declining 1.4% over the quarter.

Full article: http://www.neweconomics.org/blog/2012/07/25/the-worsening...

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The Recession Hangover | Its Origins and Its Potential

The Recession Hangover | Its Origins and Its Po...

justluxe.com 23 Jul '12, 10pm

It has been called a Recession Hangover, an Emotional Recession, Stagflation, and even worse, an Invisible Depression, all...