News from Labour Matters

Four right-wing myths on the economy debunked

In an excellent article Donpaskini publishes the truth behind four common falsehoods currently perpetuated by right-wingers. The definitive answers to the following myths are outlined: Our economy has stagnated (0% growth in Q2) whilst the US, the so-called epicentre of the crisis, grew 3.3% in Q2; Northern Rock was a disaster. Why are we the only country in the world with bank failures; The collapse in Sterling shows that Brown is lying; and last not least, we have a massive inflation problem and it will get worse, bring on the 1970’s. None of these are true. Read the full article.

Other news from Labour Matters

• "Bleak unemployment figures are bad news" says John Denham - 12 October 2011
• Westminster Council to cut Taxicard budget by £500,000 a year - 11 August 2011
• Ed Miliband calls for action over phone hacking scandal - 5 July 2011