Economy

Labour commits to Tory spending plans

Tories and Labour have moved into election mode.

Peter Main  ·  13 November 2023

What’s behind the recent bank collapses?

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

Peter Main  ·  28 March 2023

Resist Jeremy Hunt’s class war budget

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

KD Tait  ·  17 December 2022

Mini-budget: This was what Brexit was really about

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 […]

Peter Main  ·  29 September 2022

Economy: The worst is yet to come

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

Peter Main  ·  15 July 2022

Inflation: what it is and how to fight it

INFLATION IS at its highest level for over 40 years and the rate continues to climb. For workers under the age of 40, this is their first real taste of sustained rising prices. Prices began to rise back in the summer of 2021 but this accelerated in the first six months of 2022. Exacerbated by […]

KD Tait  ·  04 July 2022

As inflation bites: make the bosses pay

Prices rise at record rates.

Jeremy Dewar  ·  09 February 2022

Here’s to 2022 – for a revolutionary new year

Editorial December-January 2021-22, No. 389

Workers Power  ·  31 December 2021

What’s the Chinese for ‘Lehman Brothers’?

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 […]

Peter Main  ·  28 October 2021

Workers Expected to Pay for Worst Economic Crisis since 2008

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 […]

Tim Nailsea  ·  25 October 2021

A living wage for all

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 […]

Jeremy Dewar  ·  10 October 2021

Furlough end threatens 1 million jobs

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

Jeremy Dewar  ·  27 August 2021

Stop the third wave: no trade-off between lives and livelihoods

Coronavirus cases are surging once again.

Rebecca Anderson  ·  12 June 2021

Nothing surprising in Starmer’s response to the Spring Budget

Starmer opposes Corporation Tax increase.

Alex Rutherford  ·  11 March 2021

Capitalism and the new mass extinction

Species extinction and the destruction of nature.

Dave Brody  ·  15 November 2020

Health vs the economy: what’s the best way out of the pandemic?

For a zero-covid strategy.

Jeremy Dewar  ·  08 November 2020

The global crisis, the working class and the left

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

Workers Power  ·  18 July 2020

Global capitalism at a turning point

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

Workers Power  ·  10 August 2019

China: free market not going according to plan

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 […]

Workers Power  ·  13 July 2015

2015: their New Year's resolutions and ours

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 […]

Workers Power  ·  31 December 2014

Britain: left unprepared for stormy election period

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 […]

Workers Power  ·  08 December 2014

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