Tag Archives: financial crisis

Five million workers excluded from recovery, says Living Wage Commission

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TweetFive million workers are set to be left out of the economic recovery, according to a new report published today. The report, Working for Poverty, was authored by the Living Wage Commission and states that the economic recovery will have no effect for one in five workers unless employers pay a Living Wage. It describes […]

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The end of interest free loans in an emergency?

The Children’s Society today releases a key report, Nowhere to Turn? Changes to Emergency Support. This paints a disturbing picture of how vulnerable children and families in financial crisis could pay the biggest price for government changes to the Social Fund.

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Poorest will be hardest hit by downturn due to welfare reforms

The poor will be the hardest hit in the long-term by the economic downturn as a result of the government’s changes to the benefits system, according to the Institute for Fiscal Studies (IFS).

Posted in Good Society | Also tagged , , , , | 3 Responses

Will the end of Quantitative Easing trigger a second crisis?

Something strange has been happening in stock markets since 2008: they have been going up. Not just up, but absolutely flying. Through the prolonged failed recovery, unemployment, an investment crisis, the Fukushima crisis and the EU debacle, Wall street, still the market all else look to, has doubled in value.

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Could Tony Blair help to defuse the Tory electoral time-bomb?

Labour can make a compelling argument that the economic crisis in the UK was not principally its fault but the result of an international banking crisis with its roots in the US.

Posted in Sustainable Economy | Also tagged , , , , , , | 12 Responses

With its intellectual justification in tatters, this government’s policy must change direction before it’s too late

The policy of austerity is finally dying with Europe and even the monetarist IMF realising their folly recently. With its intellectual justification in tatters this government’s economic policies must change right now.

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Bank of England confirms rich made richer by QE

Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?

Posted in Sustainable Economy | Also tagged , , , , , , , , | 4 Responses

The Triple-A failure: Iceland and the failure of the rating agencies

Iceland is a good example of the fallibility of the rating agencies. During Iceland’s financial crisis, no one – and least of all the rating agencies – seemed to wonder why three banks from a tiny island with no history of banking could out-earn foreign banks despite borrowing at a relatively high cost.

Posted in Sustainable Economy | Also tagged , , , | 1 Response

Poll: Majority of voters want an early election and don’t blame Labour for financial crisis

A majority of voters want an early election and don’t blame Labour for the UK financial crisis – blaming the banking sector more, a new poll today reveals.

Posted in Clean Politics | Also tagged , , | 2 Responses

After the Barclays Libor scandal, how long must we wait for a public inquiry?

Fresh news of Barclays and other high street banks misselling financial products draws condemnation from none other than the governor of the Bank of England.

Posted in Left Foot Forward | Also tagged , , , , , | 21 Responses
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