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16 May 2012
JP Morgan: banksters at it again
The financial sector is back in the news as it emerged that cowboy investors at JP Morgan's London office have lost $2 billion (£1.2 billion), leading to a run on shares which swept $19 billion off the bank's market value in just two days, writes Ross Saunders.
26 October 2011
The sovereign debt and eurozone crises, the Great Recession, etc, have all focussed attention on the failings of the banking sector and the greedy giant capitalist corporations
14 September 2011
Austerity policies strangle growth
Pawn shops are booming, pound stores are multiplying. But spending on services and retail (apart from food) has slowed to a standstill. Socialism Today editor Lynn Walsh looks at the effects of Con-Dem cuts on the UK economy.
7 September 2011
Book review: 'Them and Us' by former Observer editor Will Hutton, originally published in 2010, is now available in paperback. Bob Severn reviews the book...
Protesting in Manchester in January, photo Dave Beale
13 April 2011
Con-Dems' economic policy... austerity, austerity, austerity!
'The worst is yet to come'. The Con-Dem chancellor, George Osborne, claims his budget (24 March) is the "most pro-growth budget for a generation", writes Lynn Walsh, Editor of Socialism Today.
6 April 2011
Ireland's economy on the brink
Within the first month of taking office, after 14 years in opposition, the shine has already come off Ireland's Fine Gael/Labour coalition government, writes Michael O'Brien, Socialist Party (CWI Ireland).
Hannah Sell, Socialist Party deputy general secretary, addressing sStudents protest outside parliament on Day X as tuition fees debated, photo Suzanne Beishon
27 January 2011
Socialist Party's Hannah Sell on Jeremy Vine show
"Mervyn King says we'll all have to take a big pay cut if the economy is to recover. Are we all in it together?" Hannah Sell, Socialist Party deputy general secretary, argues that we are not in it together
3 November 2010
Con-Dem shock therapy - midwife to a double dip?
The comprehensive spending review (CSR) announced by the Tory chancellor, George Osborne, on 20 October will be a high-voltage charge of shock therapy for the British economy, writes Lynn Walsh, Socialist Party executive committee.
18 August 2010
Forecasts of fragile economic growth
The fragility of Britain's economic growth has been confirmed by various reports and comments from bankers and economists over the last week...
13 October 2009
The economy: Green shoots or scorched earth?
Editorial: "WE ARE in the midst of the worst recession most people alive have ever experienced, or will probably ever experience. It is already worse than the 1980s and it isn't over yet."
23 June 2009
Economy - 'Green shoots' are without real roots
"ARMAGEDDON IS behind us" commented Larry Fink, the owner and chief executive of BlackRock on the prospects for the world economy, writes Ken Douglas.
25 November 2008
Alistair Darling's pre Budget Report: Pain now, pay later
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Alistair Darling - learning about capitalism? cartoon by Suz |
12 November 2008
Economy in recession: "Buy one car, get one free", was the desperate offer of a Colchester car sales broker. Nationally, car sales have fallen to a level not seen since 1966. And now falling consumer spending and the credit...
22 October 2008
Iceland: A victim of the casino economy
ITS THREE main banks have collapsed and the currency has effectively ceased trading. And with debts totalling ten times the national income of the country, an Icelandic delegation went cap in hand to Moscow. Per-Ake Westerlund (Rattvisepartiet Socialisterna - CWI in Sweden) reports.
2 September 2008
'Them and us' economy hits the rocks
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Major struggles are inevitable - trade union action needed to protect our future. Picture: PCS Passport workers on strike in Belfast, photo Peter Hadden |
"The economic times we are facing are arguably the worst they've been in 60 years", blurted out chancellor Alistair Darling in an unguarded moment on his summer holiday, writes Dave Reid.
8 July 2008
UK economy sliding into recession
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Cost of living - from CNWP leaflet |
13 February 2008
100 people pack London world economy meeting
IN RESPONSE to the current global shocks to the world economy, more than 100 people packed the all-London Socialist Party public meeting on 7 February... By Manny Thain
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.
14 November 2007
World economy: Bosses' crisis, workers pay
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Bubbles: Socialism Today, May 2007, anticiapted the c rash. Cartoon by Suz |
20 September 2007
FOR TEN years Gordon Brown has claimed that New Labour have created economic stability, overcoming capitalism's "cycle of boom and bust"...
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