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18 November 2015
Tories flog bank assets to hellhound US profiteers
Chancellor George Osborne is hailing his £13 billion sell-off of Northern Rock mortgages as a success. But overall, the taxpayer has made a big net loss on sales of public assets.
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...
1 March 2008
The 2008 National Congress is taking place against the background of a profound change in the world economy and, flowing from that, the political situation...
17 January 2008
HOUSING IN Britain is an example of 'market failure'. The free market cannot, and will not, solve the current housing crisis.
17 January 2008
Nationalise Northern Rock - permanently
THE LABOUR government is still desperate to find a private-sector buyer for Northern Rock, despite having shored up the bank to the tune of £50 billion (over half the NHS budget)...
8 November 2007
Why Prince of mortgages resigned
CHARLES PRINCE, chairman and chief executive of the world's biggest bank, Citigroup, has resigned... By Dave Carr
27 September 2007
British banking crisis: Toxic system exposed
THE NEAR collapse of Northern Rock bank, accompanied by the most astonishing scenes of panic for generations outside its branches, has serious political implications for Britain and the government of Gordon Brown...
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"...
24 August 2007
World economy fundamentally unsound
Editorial: Over the last week, billions of pounds have been wiped off share values worldwide as stock markets plunged...
18 January 2007
Interest rate hike pushes up costs
THE BANK of England monetary policy committee has put up interest rates to 5.25%...
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