How the recession is hitting low earning households hardest

UK’s 7.2 million low-paid, low-skilled workers at the sharp end of a flexible and global service economy who are being hit hardest by the recession. Those who do hold on to their jobs are finding the recession is limiting their already slim chances of accessing training. While low earners are facing significantly higher levels of inflation than richer groups.

Brown and King miss the point on bank break up

Mervyn King and Gordon Brown are both wrong over the future of the banks. Both have failed to point out that the banking system was brought to its knees by the interdependency of institutions. They need to be split up because the supernormal profits are emblematic of monopoly power.

Activists upbeat despite 10:10 defeat

The Guardian today reports the defeat of a Liberal Democrat motion calling for the Government to sign up to the 10:10 campaign. But activists were today in buoyant mood praising quickly coordinated online action that provoked impressive levels of public engagement and new money from the Government for energy efficiency measures in local authorities.

Central banker contradicts Cameron’s monetary policy claims

David Cameron’s economic policy today faces a new attack from a respected central banker. Paul Fisher, head of markets at the Bank of England, appears today to contradict remarks made by David Cameron in his leader’s speech at Conservative party conference a week ago.