financial crisis
With its intellectual justification in tatters, this government’s policy must change direction before it’s too late
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.
Bank of England confirms rich made richer by QE
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?
The Triple-A failure: Iceland and the failure of the rating agencies
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.
Poll: Majority of voters want an early election and don’t blame Labour for financial crisis
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.
After the Barclays Libor scandal, how long must we wait for a public inquiry?
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.
Inequality must be ended to prevent another financial crisis
Stewart Lansley argues that high income inequality leads to economic slumps; we can only solve the latter if we deal with the former