11 August 2020
Britain is in the middle of a horrific jobs slaughter—some 730,000 jobs have already gone since March.
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.
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
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.
05 May 2020
The Coronavirus pandemic represents a crisis that is simultaneously biological, economic, and political
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
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.
06 April 2020
There’s an old cliche about the economy falling off a cliff. This time it really has, all over the world.
24 March 2020
If you want a sense of how bad the crisis is, just look at Boris Johnson’s face
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
13 August 2019
Britain’s economy contracted for the first time in seven years during the second quarter of 2019.
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.
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
02 April 2019
Business as usual has broken down in politics.
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.
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.
08 September 2018
When US banking giant Lehman Brothers collapsed a decade ago, it marked the beginning of a gigantic crash that bosses still want us to pay for today.
27 August 2018
Sarah Bates argues that Tory boasting about reducing the deficit does not tell the real human cost behind austerity
20 August 2018
Greece exited its final bailout agreement on Monday—the mechanism through which the European Union (EU) and the bankers have forced austerity on ordinary Greeks.
09 February 2018
Last week's fall in financial markets shows up the volatility of the system and Tomáš Tengely-Evans looks at how investors will treat anything as a commodity to be gambled