How Labour can win back its past
We need to reframe the debate away from public spending to volatile tax revenues
Global Financial Crisis
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.
The double-dip begins
Tony Dolphin explains why the contraction in the 4th quarter of 2011 is likely to be the beginning of a double dip recession.
A word for 2012: Liquidation
Just as deleveraging was the watchword for the first stage of the banking crisis, we are now seeing the roots of the second stage: Liquidation.
Gordon Brown: Banking reform key to resolving eurozone crisis
Will Straw reports on former prime minister Gordon Brown’s comments at the Global Progress Conference in Madrid.
If Osborne gives up the lead on climate change, he can kiss goodbye to a recovery
IPPR’s Andrew Pendleton writes about how Osborne giving up the lead on fighting climate change means that he’ll be giving up the lead on the recovery.
The coalition has flunked preparations for this banking crisis
Cormac Hollingsworth explains the coalition’s under-preparation with regards to the new global financial crisis
Cameron recognises the eurozone problem – but too late for Dexia
Alex Hern reports on the David Cameron’s interview in this morning’s Financial Times, and the FT’s policy prescriptions for the eurozone.
One-club Osborne drives economy further into the rough
William Bain MP (Labour, Glasgow North East) is the shadow food, farming and fisheries minister, and contributor to “What Next for Labour? Ideas for a New Generation” It is often claimed that George Osborne views himself as a latter-day Nigeltest