Paul Mason
Mark Carney’s last chance saloon warning on the global economy
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.
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FactCheck: is austerity reducing life expectancy?
Life expectancy in England is not growing at the rate that experts predicted before 2011. What’s going on?
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FactCheck: government Brexit fund pledges £1.6bn for councils after £15bn cuts since 2010
Theresa May’s Stronger Towns Fund represents a tenth of what councils lost from central government under austerity.
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9m
Successive governments fail to improve social mobility
Government hints of pay rises for public sector workers come amid growing unease among Conservative MPs worried about the living standards of their constituents after years of austerity. Jeremy Corbyn reflected that shift in the public mood, reflecting concerns after the horror of the Grenfell fire. Freelance journalist Poppy Noor, who went from living in…
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Paul Mason
Greece debt crisis: Tsipras prepares for compromise deal
Alexis Tsipras is getting ready to stage a climbdown and he will tell the people of Greece he’s about to accept something very very similar to the conditional bailout he rejected.
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Paul Mason
Why the words ‘civil war’ are no longer a joke in Greece
If today’s Brussels talks fail, the Greek debt crisis could stop being a story about economics and become one of civil society, politics and the rule of law.
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Paul Mason
Greece is not Ireland – and it’s not just about the economics
Why did Greece collapse and Ireland survive? First, because the Irish crisis was a banking crisis. And in Greece you can’t impose austerity and hope modernise at the same time.
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Paul Mason
IMF leak signals ‘progress’ with Greece, but threat of default in June
European negotiators have just days to conclude an agreement with Greece or a critical payment to the IMF on 5 June is likely to be missed, according to a leaked document seen by Channel 4 News.
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Paul Mason
Ripped off, poor, suicidal: the farmers turning to Syriza
In Assos, a sleepy farming village in the gulf of Corinth, the far-left Syriza party got 121 votes in the election 10 years ago. On Sunday it should top the polls – easily.
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Paul Mason
Top Greek official resigns over Golden Dawn video
Video of a secret meeting between a government official and a far-right MP raises tricky questions for the international community bailing out the Greek government.
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Faisal Islam
The Chancellor’s sunlit uplands
The spending round contained some surprises and innovations, Economics Editor Faisal Islam reports.
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Lindsey Hilsum
Austerity medication – does it cure or kill the patient?
“Maybe we’re going to hell,” said Irene Lozano, an independent Deputy in the Spanish Assembly. “But if we do, we’ll take Germany with us.”
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Faisal Islam
‘Monster’ one month fall in house prices
What a monster of a figure. A 3.6 per cent fall in house prices in one month. That is off the scale. I was not aware that such a fall was even feasible. It has never happened before in the entire history of the landmark Halifax House Price Index, since it started in 1983.
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Faisal Islam
IFS Budget analysis means it is time for transparency
‘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.
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Faisal Islam
Mervyn King’s austerity assessment is music to the coalition’s ears
So the Bank of England has downgraded its central prognosis for UK growth by almost one percentage point in 2011 – from 3.4 per cent in May to about 2.5 per cent. And its central inflation forecast has nearly doubled for 2011 from 1.4 per cent to around 2.8 per cent. So both main gauges…