This paper considers the issue of unemployment one of the most pressing issues facingthe UK and other governments, as the current recessions deepens. It begins by trying toaccurately date the beginning of the current downturn in the British economy, arguingthat it is clear that the recession...

That greater product market competition has the potential to affect outcomes in labour and product markets is borne out one by one of the key premises of standard economic theory which predicts that, all other things held constant, prices should be lower and efficiency enhanced by more...