Debt disaster: How the Budget will stuff more money into the pockets of the financial sector
Why are we pumping billions into debt when there’s another way to finance public investment?
Why are we pumping billions into debt when there’s another way to finance public investment?
A report launching in Parliament gives vital advice on how to “hardwire” Britain’s central bank to the environmental upheavals to come.
Instead of pumping money into financial markets, Hammond should fund infrastructure and green technology – or give households a direct cash boost.
Austerity has enriched multinational companies and the owners of financial and real assets, while grinding down the value of earned income, pensions and benefits.
Quantitative easing and ‘loose’ monetary policy have not been successful in boosting UK export performance.
Last week, tremors that had been rumbling through the financial markets since the turn of the year came to the surface.
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.
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?