Economic Policy Must Be Reversed

The Journal (Newcastle, England), February 1, 2012 | Go to article overview

Economic Policy Must Be Reversed


Byline: Gill Hale

AS WE begin the second month of 2012, my thoughts are on the year ahead and what trying times the region will face this year, especially in relation to the economy.

The North East economy was growing at the same rate as London up to 2009. Our economy had stabilised with the rest of the UK, until the coalition Government came into power. Up until 2008 there was an increase of more than 11.2% in the number of North East residents in work, against a national average of 9.2%.

Compare this to where we are now with an unemployment figure of 12% according to the latest official figures - the highest in the UK. Up to 2008 we had a 9.2% increase in private sector employment. We also had a 17.7% increase in the number of people who were self-employed in the region. The assumption that the North East economy failed to transform under the Labour Government is at odds with the reality.

It is since the start of the coalition Government that we have witnessed the widening inequalities between regions, increasing the North-South divide and disproportionately damaging our economy and people.

The region was on the road to recovery in 2009/10 and weathering the economic storm. There were 24,000 jobs created in the North East during this period. However the Government's failure to handle the economic crisis effectively has cost the region the loss of 23,000 jobs.

We have suffered wage freezes, VAT increases, a collapse in consumer confidence and job insecurity and redundancies. In the public sector we are looking at the region losing 2,000 jobs a month; a staggering amount.

While we are haemorrhaging jobs in the public sector the private sector is not filling the gap. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Economic Policy Must Be Reversed
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.