The bosses are threatening to pay for takes hikes by cutting jobs and hours.

China is facing serious economic problems.

Tories and Labour have moved into election mode.

Silicon Valley, Signature, Credit Suisse, the first of many?

Living standards will fall by 7% in the next two years.

By Peter Main At first sight, Kwasi Kwarteng’s “mini-budget” looks like nothing more than pandering to the Tory members who voted for Liz Truss. Anyone who seriously thinks that forcing part-time workers on Universal Credit to find a few more hours of work each week is going to have the slightest effect on the national […]

Assumptions that damage to the UK economy was inevitable have now been backed up with concrete evidence.

Prices rise at record rates.

CHINA’S CONSTRUCTION industry, a key lever in Beijing’s entire economic policy, is facing a debt crisis of enormous proportions. Attention has focused on Evergrande, a development company, whose total debts are estimated at $310 billion and which failed to pay some $96 million interest on foreign bonds in September. Just three days before being declared […]

By Tim Nailsea BRITAIN’S ECONOMIC growth has almost stalled because of shortages of labour in parts of industry and of material inputs, due to disruptions in the supply chain, coupled with the effects of Brexit. GDP grew by 0.4% in August but is still 0.8% below where it was in February 2020, before the country […]

By Jeremy Dewar Workers in Britain are being hit by a triple whammy this month: inflation heading towards 5%; a £20 cut to Universal Credit, hitting the unemployed and worst paid workers; and the ending of furlough for 1 million workers, throwing hundreds of thousands out the door. These are not ‘temporary blips’ that will […]

Mass unemployment and the scourge of long-term joblessness have returned.

Coronavirus cases are surging once again.

Starmer opposes Corporation Tax increase.

Andy Yorke reviews The Corona Crash: How the Pandemic will Change Capitalism by Grace Blakeley

The war between Wall Street and Reddit shows you cannot defeat the capitalists at their own game.

Species extinction and the destruction of nature.

For a zero-covid strategy.

The global working class is threatened by the pandemic and economic crisis.

The latest figures are startling. The capitalist world economy is heading for a crisis. It has already broken out in the manufacturing sector

Our perspectives on the current global situation, League for the Fifth International Congress in Berlin, June 2019

If the process of production inevitably produces a bit of extra value, and that extra bit comes only from what the workers contribute, why should the profits go into the pockets of the business owners?

By Simon Hardy Over the last few months the new Labour leadership has been conducting a series of meetings, rallies and workshops to discuss the idea of the “New Economics”. The need for such an initiative is clear; the post-Blair party is struggling to re-establish a clear identity, and the new leadership are fighting to […]

By Peter Main 7 July, 2015 The volatility of the Chinese stock markets in the last week is symptomatic of the problems facing President Xi Jinping’s economic strategy. Between June 12 and July 8, the Shanghai market dropped by 28 percent, wiping some $3.5 trillion off the value of shares and forcing the government to […]

Chancellor George Osborne’s early Christmas present came in the form of the Autumn Statement, which threatened to cut public spending to levels not seen since the 1930s, writes Jeremy Dewar Despite early attempts by the Tories to spin the Chancellor’s Autumn Statement as a tweaking of their austerity programme, with Prime Minister David Cameron even […]

As Britain approaches its most unpredictable election in many decades, Workers Power surveys the state of the economy, the labour movement and the far left Britain stands on the verge of an election campaign whose outcome is, as everyone accepts, uncertain. Yet instead of this exciting people by the prospect of a lively debate of […]

  As the economy shows signs of growth, the bosses are determined to take the lion’s share George Osborne boasts that Britain’s economy is “turning a corner” and that “those in favour of a Plan B have lost the argument”. This bragging seems to be based on little beyond the latest Gross Domestic Product figures, […]

By Peter Main In July it has become traditional for China’s leaders to leave behind the heat and smog of Beijing and head for the seaside resort of Beidaihe. No doubt today’s mandarins know how to enjoy themselves, but this is no holiday trip. Over the next few weeks the new government team under Xi […]

The Tory government’s new Budget, due on 20 March, will be the focus of a TUC evening rally against austerity, supported by Shelter and the Child Poverty Action Group. Called A Future for Families it will be addressed by TUC general secretary Frances O’Grady and Labour Party deputy leader Harriet Harman.   It will highlight […]

DAVID CAMERON could yet meet his poll tax moment. His latest outrage, the bedroom tax, is igniting massive discontent. The Welfare Reform Act includes an attempt to snatch back housing benefit from anyone deemed to be living with a spare bedroom, including disabled people and low-income families. In areas like the North West tenants cannot […]