UK economic policy illogical, says Larry Summers

Austerity in the UK has cut demand and output more than even pessimists predicted, former US Treasury Secretary (and former World Bank Chief Economist) Larry Summers has told the BBC.

http://www.bbc.co.uk/news/business-21933720

Austerity

Interesting articles from economicshelp -

http://www.economicshelp.org/blog/tag/austerity/

Austerity v Growth - that is the question???

Evan Davis writes - 'Something has been bugging me for quite a while - the degree of political and partisan polarisation on the issue of austerity versus growth.

Some commentators want to stick with Plan A, the cuts and all that, while others want to abandon it, cut less far and less fast. To me, this looks like a rather hideous dilemma and quite a technical one at that: You cut debt, that is good, but gives you less growth. Borrow more, that gives you more growth for a while, but saddles you with more debt'.

http://news.bbc.co.uk/today/hi/today/newsid_9694000/9694710.stm

Austerity measures could cause lasting harm

A former chief economist at the Cabinet Office has accused the Chancellor of causing lasting social and economic damage to the UK because of a refusal to ease austerity in the short-term.

http://www.telegraph.co.uk/finance/economics/9057898/Chancellors-austerity-measures-causing-UK-lasting-damage-NIESR-warns.html

How does austerity affect the economy?

Economicshelp article - http://econ.economicshelp.org/2011/12/how-does-austerity-affect-economy.html

Britain's austerity measures maybe too austere

Interesting economist article:

http://www.economist.com/node/17147786