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30 September 2008
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Defend workers' living standards. Photo International Socialists |
29 September 2008
The great implosion: Capitalist finance system nears meltdown
Editorial, Socialism Today, October 2008: Over recent years, we have often been accused of being 'catastrophists'. This is because we predicted that the debt-driven bubble economy, dominated by high-profit, high-risk finance capitalism, would...
23 September 2008
British capitalism in crisis: This was the week that the world changed. For over two decades all we have heard from the UK government is that the market must decide. Schools, hospitals and public services have been cut and privatised...
22 July 2008
AFTER THE Office of Fair Trading criticised excessive penalty and overdraft charges that make banks over £8.3 billion yearly, the British Bankers Association, representing the major banks, threatened to introduce fees for current account services...
16 July 2008
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Dow Jones plunges |
11 June 2008
Oil price shock - the chaos of capitalism
Years of frenzied speculation on commodity markets: We have been hit by a tsunami of energy price rises. A flood of speculative activity in oil markets has produced a huge bubble that will inevitably collapse in coming months. Lynn Walsh investigates.
4 June 2008
Nationalise Bradford & Bingley
THE CHIEF executive of Bradford and Bingley bank has stepped down amidst reports of massively reduced profits, due to an increasing number of accounts in arrears...
4 June 2008
Markets cannot end house building crisis
A LONDON newspaper recently announced in bold headlines: "Brown is brown bread" (for the benefit of non-Londoners, that means 'dead!'), writes Paul Kennedy.
21 May 2008
Housing crisis worsens: In the same week that Tony Blair buys his sixth house for £4 million, the Local Government Association announced that another million people could join housing waiting lists in the next two years, writes Lois Austin.
23 April 2008
The rich get richer... and we foot the bill!
Tax cuts for the rich: Big business has received a corporation tax cut from 30p to 28p this month, down from 33p when New Labour was elected in 1997...
23 April 2008
Jersey - Growing anger against elite of secrets
GARY MATTHEWS, who was a Jersey Left Green MP from 1993-96, spoke to Jon Dale. Now living in Derbyshire, Gary is still active in the Time for Change group on Jersey, which has a founding conference on 27 April.
22 April 2008
Editorial: Brown's government lurching from pillar to post
Over £50 billion is being handed to fat cat bankers while five million low-paid workers are losing out from the abolition of the 10p tax band...
19 March 2008
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Dow Jones falls amid turbulence |
4 March 2008
Safe as houses? MANY HOMEOWNERS face the risk of losing their home because of the effects of the credit crunch, but are housing association tenants completely insulated from the crisis, writes Paul Kennedy
1 March 2008
How consciousness will develop in Britain
Crucial for us are the effects that these economic developments will have on the consciousness of the working class...
19 February 2008
Northern Rock - Labour's reluctant nationalisation
The Socialist Editorial The nationalisation of Northern Rock was met with howls of outrage from some of its shareholders, who screamed about 'theft' and 'immorality'. This was a major blow against the concept of an unfettered market-driven economy...
12 February 2008
IF BRANSON'S Virgin group succeed in taking over Northern Rock, possibly 1,000 jobs, out of a 6,000 workforce nationally, could be lost...
23 January 2008
Editorial: AS SHARE values tumbled in the most dramatic falls since 9/11, the talk was not so much of whether there will be a recession, but of how deep and long it will be....
23 January 2008
SNP 'trusts' are PFI in disguise
THE SNP-led Scottish government has published a consultation paper setting out its 'alternative' to the Private Finance Initiative (PFI) and Public-Private Partnership (PPP) schemes in Scotland... By Brian Smith, Glasgow Unison social work services secretary, personal capacity
13 December 2007
Interest rate cut will bring no reprieve
Editorial: FOLLOWING THE interest rate cut there are continued fears that the current downturn in the economy could lead to a recession. 2008 could be the toughest year for the British economy for a long time.
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