Economic crisis

Bosses snatch millions in dividends while they dole out job cuts

While poverty, food bank use and unemployment rocket, big bosses are once again cashing in on the pandemic.

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.

Letters—Free period products provision in Scotland is a win for women

This week in Scotland marked a victory for grassroots campaigners who have fought a long battle for free and fair access to menstrual items.

Fight Rishi Sunak’s pay attack on workers in public sector

Tory chancellor Rishi Sunak is set to announce a fresh public sector pay cap this week as part of new budget plans.

‘They are putting profit first’—residents in Hull speak out as virus cases soar

Hull has become the worst-hit city by coronavirus in Britain. The week to 13 November saw 761 confirmed cases per 100,000 people. The second highest-hit place was Hartlepool, with 597.

A fine scapegoat for many Tory failures

Dominic Cummings’ stagey departure from 10 Downing St, like a pantomime Demon King, was one of the few happy moments in a terrible year. But what does it really mean?

Joe Biden can’t contain the deep bitterness that exists in the US

26 October 2020
It was one of Bill Clinton’s advisers who coined the slogan, “It’s the Economy Stupid!” But this has been Donald Trump’s recipe for getting re-elected.

Tories scramble to prop up business

22 October 2020
The Tories fear that their policies are leading to an economic catastrophe, but they are bailing out the corporations rather than workers

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”.

Sunak gives bosses another bailout while workers still face job and pay cuts

24 September 2020
Tory chancellor Rishi Sunak announced another bailout package for bosses on Thursday as the coronavirus crisis deepens.

Billionaires are still cashing in on the Coronavirus crisis

15 September 2020
“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

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

Bosses axe thousands more jobs

24 August 2020
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

18 August 2020
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

11 August 2020
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

16 July 2020
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