Economic crisis

Billionaires are still cashing in on the Coronavirus crisis

“Pandemic be damned”. That’s the message from Forbes, which calls itself “the defining voice of entrepreneurial capitalism.”

This is a crisis of capitalism, not virus lockdowns

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

Bosses axe thousands more jobs

The jobs massacre continues across Britain, as does an almost total lack of response from union leaders.

Workers face a jobs massacre - and the worst is still ahead

Britain is heading for unemployment levels “not seen since the Great Depression of the 1930s”, a think tank has warned. It comes after the economy officially entered a recession.

A jobs massacre has begun—time to fight

Britain is in the middle of a horrific jobs slaughter—some 730,000 jobs have already gone since March.

Soaring numbers are out of work - we need resistance to the jobs slaughter

The number of people out of work in Britain has soared by nearly 650,000, according to new figures. The figure does not include the estimated 9.4 million jobs that have been furloughed on the government’s “job retention” scheme.

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

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.

Imperialist rivalries heighten the crisis

05 May 2020
The Coronavirus pandemic represents a crisis that is simultaneously biological, economic, and political

Who will pay for the crisis now?

25 April 2020
A global pandemic has exposed just how fragile the world economy already was. Tomáš Tengely-Evans examines why capitalism constantly creates economic crises

British economy is heading for a slump that is ‘off the scale’

13 April 2020
The British economy is heading for a recession forecast to be deeper than the 2007 financial crisis—and one of the most severe since 1900.

Lockdown policies hit the Global South

06 April 2020
There’s an old cliche about the economy falling off a cliff. This time it really has, all over the world.

Coronavirus crisis is a big blow to neoliberalism

24 March 2020
If you want a sense of how bad the crisis is, just look at Boris Johnson’s face

The ‘national interest’ is not the interest of workers

22 March 2020
During times of turmoil, the ruling class will tell us to come together. Behind this is the drive to keep making profits writes Nick Clark

Economic slowdown shows up the weakness of the system

13 August 2019
Britain’s economy contracted for the first time in seven years during the second quarter of 2019.

Pound zig-zags are due to Europe crisis

30 July 2019
The pound rose on the foreign exchange markets last week after Boris Johnson became the new prime minister. Alex Callinicos looks at why.

City bosses fear crisis as Woodford investment fund falters

08 June 2019
The near-collapse of an investment fund is sending shudders through the City of London - but it could also affect ordinary people

The system is in crisis—fight to get rid of it

02 April 2019
Business as usual has broken down in politics.

Banks propped up by states a decade on

05 February 2019
The 2007-8 financial crash continues to overshadow the world economy. The big economic news last week was the decision of the US central bank, the Federal Reserve Board (Fed), not to increase interest rates.

Liberals do not have any answers to crisis

18 September 2018
Ten years after the collapse of Lehman Brothers, it’s a matter of controversy whether the global economic crisis it helped to precipitate is over.