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.

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16 July 2008

Global finance crisis deepens

Dow Jones plunges

US banking bailout: THE REAL rate of inflation that workers in Britain face has hit 18.5%, according to the Daily Mirror, as the cost of food, fuel and household bills continue to rocket. Simultaneously with prices spiralling upwards, the economy is entering recession, writes Hannah Sell.

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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.

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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...

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1 March 2008

British Perspectives 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...

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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)...

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17 January 2008

Growing crisis in housing

HOUSING IN Britain is an example of 'market failure'. The free market cannot, and will not, solve the current housing crisis.

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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

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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...

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20 September 2007

Economy hits a rock

FOR TEN years Gordon Brown has claimed that New Labour have created economic stability, overcoming capitalism's "cycle of boom and bust"...

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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...

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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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