The Children’s Society today releases a key report, Nowhere to Turn? Changes to Emergency Support. This paints a disturbing picture of how vulnerable children and families in financial crisis could pay the biggest price for government changes to the Social Fund.
The poor will be the hardest hit in the long-term by the economic downturn as a result of the government’s changes to the benefits system, according to the Institute for Fiscal Studies (IFS).
Something strange has been happening in stock markets since 2008: they have been going up. Not just up, but absolutely flying. Through the prolonged failed recovery, unemployment, an investment crisis, the Fukushima crisis and the EU debacle, Wall street, still the market all else look to, has doubled in value.
Labour can make a compelling argument that the economic crisis in the UK was not principally its fault but the result of an international banking crisis with its roots in the US.
The policy of austerity is finally dying with Europe and even the monetarist IMF realising their folly recently. With its intellectual justification in tatters this government’s economic policies must change right now.
Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?
Iceland is a good example of the fallibility of the rating agencies. During Iceland’s financial crisis, no one – and least of all the rating agencies – seemed to wonder why three banks from a tiny island with no history of banking could out-earn foreign banks despite borrowing at a relatively high cost.
A majority of voters want an early election and don’t blame Labour for the UK financial crisis – blaming the banking sector more, a new poll today reveals.
Fresh news of Barclays and other high street banks misselling financial products draws condemnation from none other than the governor of the Bank of England.
Stewart Lansley argues that high income inequality leads to economic slumps; we can only solve the latter if we deal with the former
