Economics

Covid-19 hasn’t stopped capitalism from changing

For many of us—especially those lucky enough not to have caught Covid-19—the past year has been as if our lives have been put on hold.

Bosses enjoy soaring salaries while workers scrape by on paltry pay, new report shows

It found bosses at top companies earn on average 100 times that of their lowest-paid workers.

A wealth tax could generate billions but the Tories attack working people instead

Instead of attacking working class people and key services, vast amounts of money could be raised by taxing the rich.

The pandemic, debt and economic power

The Covid-19 pandemic has caused an enormous jolt to the world economy. We are in the midst of the biggest global slump since the Great Depression of the 1930s.

Rich rats deserting sinking yachts for sealed bunkers

Not content with hiding away on private islands, the super-rich are now buying exclusive services to rescue them from pandemics, protests and climate catastrophes.

Jobs still at risk despite furlough extension

Tory chancellor Rishi Sunak has announced that the furlough scheme will be extended across Britain until the end of March.

Protesting at Tory scum who deny children food and destroy jobs

24 October 2020
Protesters have taken to the streets over the decision to deny children free school meals and to end the furlough scheme

Greensill cashes in with your cash

13 October 2020
Greensill Capital has recently provided tens of millions of pounds of British government-guaranteed loans to two companies that employ just 11 people.

European economies are headed for crash

05 October 2020
The political disarray the pandemic is causing in Britain and the United States has made the European Union (EU) look good by comparison.

Donald Trump’s four years of horror

05 October 2020
Isabel Ringrose looks at Donald Trump’s four years in the White House, and examines the way in which his every move has been met with a fight from below

Resist the drive for profit that is killing us

29 September 2020
Capitalism keeps a tiny minority of people rich off the back of work that is done by the vast majority of people.

People Before Profit launch emergency jobs programme

26 September 2020
Labour MPs, trade unionists, campaigners and socialists have joined forces to call for a “fightback across workplaces and communities to demand ordinary people won’t pay for the crisis”.

Workers in grip of the economic crisis speak out—millions face jobs misery

19 September 2020
With the future of the government’s furlough scheme in doubt, and with hundreds of firms axing jobs, a wave of fear is spreading

Misery for workers as hundreds of thousands to lose jobs

14 September 2020
Unemployment will be the worst “in at least a generation” by the autumn as Tories and bosses try to make workers pay for the coronavirus crisis.

This is a crisis of capitalism, not virus lockdowns

01 September 2020
As millions of people fear for their jobs, bankers and bosses celebrated a bonanza on the stock market.

£563,000 to consultants for six weeks work on ‘narrative’

25 August 2020
Consultants McKinsey was paid more than half a million pounds by the British government for “six weeks of work” to decide the “vision, purpose and narrative” of a new public health authority in England.

Billions for bosses—job losses for us

11 July 2020
Vast bailouts are being gifted to the bosses to boost the economy. But this won’t stop businesses from cutting jobs and the wages of workers

Rishi Sunak’s ‘kickstart’ scheme is an attack on workers that must be fought

08 July 2020
Sunak’s Summer Statement was a mix of ineffectual half-measures and attacks on the working class

New Tory handouts will only help bosses

06 July 2020
Tory chancellor Rishi Sunak was set to deliver his summer statement on Wednesday this week. It was expected to include a raft of measures in an attempt to prop up the British economy.