The warnings about Barclays’s tax-dodging greed were there in 2008
Cormac Hollingsworth explains how the warning signs for Barclays’s tax-dodging were there back in 2008.
Cormac Hollingsworth
Website Cormac writes for Left Foot Forward on the economy; he is an economic policy consultant who previously worked as an MD at a European investment bank.
ECB bailing out British banks exposes coalition’s finance failure
Cormac Hollingsworth writes on the embarrassment for the chancellor that is the British banks RBS and Lloyds having to go to Europe for a bailout
If RBS’s board is not held to account, it could become a new Leyland
To avoid disaster, RBS’s global markets division – the failing part of RBS – should be closed so the state can focus on its investment elsewhere.
Slowing tax receipts mean no end to the deficit is in sight
Cormac Hollingsworth looks at how the fall in tax receipts will harm attempts to pay off the deficit.
Building social housing would cut the housing benefit bill three times faster than a cap
Cormac Hollingsworth shows how social housing could be the best way to save money on housing benefit: Three times as effective as a cap.
UK’s public debt is about to exceed that of the US for the first time
The USA is about to have a lower public debt than the UK, for the first time; Cormac Hollingsworth looks at why that may have happened.
We must stand with shareholders that want a better economy
Cormac Hollingsworth details how shareholders of big business can be the left’s greatest ally when it comes to promoting responsible capitalism
Government gold-plates private pensions while cutting public ones
Cormac Hollingsworth reveals the government’s two-faced attitude to pensions; gold-plate the private sector ones, while cutting those of the public sector.
When the private sector collapses for a second time
Cormac Hollingsworth looks at what happens when the private sector collapses for a second time. It begins with D and ends with ouble dip recession.
Memo to Osborne: Jobs and growth will cut the deficit. Please listen
Cormac Hollingworth explains to George Osborne how rising unemployment and recession are increasing the deficit, and how jobs and growth will cut it. Simples.