Faisal Islam has left Channel 4 News. This is an archive of his blogs.
Prudent savers are being sacrificed at the altar of feckless spenders – at least temporarily – and that is how it has to be in the current financial climate, the Bank of England’s Charlie Bean tells Economics Editor Faisal Islam.
Exclusive: Bank of England Deputy Governor Charlie Bean tells Channel 4 News Britain’s savers should “eat into” their reserve cash now to help them survive historically low interest rates.
As the Coalition Government prepare to cut Britain’s public spending Faisal Islam looks at the radical options as the world limps out of the financial crisis.
Faisal Islam blogs about the shrinking Irish economy, and the warning signals it’s sending the Treasury.
The economic euphoria of the ‘go go years’ quickly turned to bust as the credit crisis rocked banks and entire continents. But what lessons have been learned by global finance?
Economics editor Faisal Islam analyses Business Secretary Vince Cable’s principles – and whether they pose a threat to his participation in the coalition government.
The government ministers facing the terrifying job of selling their cuts to the country should get a tape of Mervyn King’s foray in to the lions’ den today. There was a mini-walkout, a stand up protest, and a few dozen union delegates holding ‘no to ConDem cuts‘ signs. But its worth noting that the dissent…
There is only one aim for the Union movement here in Manchester. Can they turn the government’s austerity drive from an issue of self interest into an issue of nationwide social justice?
Robert Chote has been appointed to head the Office of Budget Responsibility – as it appears that £4bn more will be cut off the benefits bill than expected, writes Faisal Islam.
The ructions at the top of Barclays have been somewhat Shakespearean in character over the past few years. It was said that US-born investment banker Bob Diamond was the foil for the calmer, older school John Varley. Diamond, currently the president of Barclays, was the architect of the wildly successful purchase of the bankrupt core…
Faisal Islam writes on how councils in England have scrapped plans to build 100,000 new homes following a change in the planning rules by Communities Secretary Eric Pickles.
Exclusive: Channel 4 News has seen figures showing councils have pulled plans for 100,000 new homes since the coalition government told them in July to ignore previous government homebuilding targets.
The Chancellor recently derided the Labour leadership candidates as ‘deficit-deniers’, an opinion with which Tony Blair appears to concur. The final chapter of his new book does place him closer to the Coalition Treasury than the economic policies outlined to date by the candidates. Ahead of our Labour leadership hustings on the economy, it’s worth…
Whichever way you skin it, this budget is regressive and will hurt the poorest more, Faisal Islam writes.
‘Clearly regressive’ are two words that will be sending shivers down the spines of the Coalition ministers. For the first time the Institute of Fiscal Studies (IFS) has completed a comprehensive analysis of who will pay for the Budget measures announced in June, known as a distributional analysis in the jargon.