Americans queuing for meals during the Depression, when falling prices caused massive problems (Library of Congress; The Crowley Company)

David Blanchflower: We should fear deflation – not welcome it

If very low inflation is such a good thing, why does the Bank of England have a 2 per cent target?

George Osborne unveiling the Conservatives’ first election poster: it actually showed a road in Germany

David Blanchflower: The Chancellor’s claims are as airbrushed as his election poster

It turns out that of the 760,000 additional businesses claimed by the Tories, 707,200 have no employees

The Chancellor, George Osborne, visiting a production line last month: productivity has been disappointing in the economy as a whole

David Blanchflower: The productivity puzzle hasn’t been solved and that’s very bad news

It is hard to see how productivity would rise in the face of Osborne’s unprecedented spending cuts

David Blanchflower: Claims made by the Chancellor three weeks ago are already in tatters

Data on Economic Well-Being shows the UK economy is not going to be the electoral asset the Tories hoped

Construction is among the sectors where growth has slowed since the spring

David Blanchflower: Heard that the UK's the fastest-growing economy? Don't you believe it

Evidence that the economy began to slow in late spring was apparent in the Bank of England agents’ report

Self-employment is particularly important in construction

David Blanchflower: Reasons to be concerned by the rise of self-employment

Self-employment conveys considerable risks: many lose their jobs, their houses, and even their marriages

Protesters at Downing Street: Less than half the cuts planned by George Osborne have been implemented so far

David Blanchflower: George Osborne needs to tell voters what will be cut and when

It really isn’t obvious to me, and the Chancellor hasn’t explained why, the budget needs to be balanced at all

Chancellor George Osborne holds a copy of the Autumn Statement at Downing Street on Tuesday
A third of the recent increase in employment has been from new European Union countries

Sorry, but this is no entrepreneurial revolution

Death rates are down but the vast proportion of these new firms are probably on life support

Transport and storage is among the industrial sectors where pay has been falling

David Blanchflower: Yet more evidence that pay is going nowhere fast

Wages are down 8.8 per cent since 2010. In only three sectors out of 19 was pay growth above 2 per cent

A protest against low pay in Hyde Park: before the recession wages were rising at more than 4 per cent a year

David Blanchflower: Why we won’t have real pay growth until 2016 at the earliest

The level of slack in the UK labour market remains substantial

George Osborne with Mateusz Szczurek, Polish finance minister, and Lord Hill, European Financial Commissioner, in Brussels

David Blanchflower: Economic sentiment has turned – bad news for George Osborne

It now seems that business and consumer confidence started to collapse around the spring of 2014

Wages have fallen by an average of 10 per cent in the professional, scientific and technical sector

David Blanchflower: The Bank of England should get ready for more downside surprises

The national statistic Average Weekly Earnings (AWE) has shown absolutely no evidence at all of any wage growth for a couple of years

In his conference speech George Osborne claimed that Britain was the best-performing advanced economy

Sorry, George, but simply cutting the benefits of the poor is not going to make them work harder

Britain is not the fastest-growing, most job-creating, deficit-reducing, of any major advanced economy

An employment office in San Francisco during the 1930s: it took a war to end the Great Depression

Let the Bank of England take note: the risks of raising interest rates too soon are greater than inflation overshooting

Past experience with the zero lower bound counsels patience says Charles Evans of the Fed

News
Barclays’ New York office is being pursued by state prosecutors who say it failed to police its dark pools
Barclays is accused by New York regulators of fishing in some unethical waters. But this time the bank is holding its course, writes James Moore
News
Railway workers on the tracks outside King's Cross, London
Given we are trying to boost domestic industry, there should also be some effort to do the same at the top of engineering, says Mark Leftly
News
The government say a one-off payment to the EU meant that borrowing was higher than expected for December
Video: Oscar Williams-Grut provides a run-down of the day's major news from the City
News
From the percentage of women in attendance to the number of private jets
News
Mike Ashley, owner of Newcastle United, took USC into a pre-pack administration
A factory stand-off. Debts unpaid. Workers laid off. Simon Neville investigates the messy demise of the billionaire's fashion brand
News
The new pub will open at the Extra service station in Beaconsfield, Buckinghamshire later this year
I’m much more inclined to feel sympathy for a family sandwich shop than I am a 900-strong pub chain, says James Moore
News
It is the 'unknown unknowns' to use Donald Rumsfeld's famous expression that bite investors on the backside
When you make money you are clever; when you lose it, it is someone else's fault, writes Hamish McRae
News
Video: Alex Lawson provides a run-down of the day's major news from the City
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Day In a Page

Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine
Michael Calvin: How we need more Eric Cantonas to knock some sense into us

Michael Calvin's Last Word

How we need more Eric Cantonas to knock some sense into us