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Osborne under pressure on IMF loans
Chancellor facing pressure to commit billions of pounds in extra loans for global economy at IMF spring meetingGeorge Osborne is coming under pressure to commit billions of pounds in extra loans for...
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George Osborne's bragging about austerity and the economy is baloney
The chancellor's familiar pitch rings hollow, given there has been no growth in the UK economy since the third quarter of 2010It was a perfect spring morning in Washington as George Osborne sat down on...
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UK swells IMF firewall with $15bn loan
IMF chief Christine Lagarde close to announcing she has enough contributions to firewall as Spain debates further cutsBritain has pledged a $15bn (£9.3bn) loan to the International Monetary Fund to...
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UK first-quarter GDP growth: what the experts expect
What leading British economists expect from the GDP figures to be announced next weekSimon Wells, Chief UK economist, HSBCThe UK will just manage to avoid a recession when the GDP figures are...
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Watchdog calls for power to scrutinise privatised police
Independent Police Complaints Commission wants new powers of inquiry to reflect the outsourcing of jobsThe police watchdog has aired its growing frustration over the Home Office's failure to close a...
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Argentina's oil grab is timely retort to rampaging capitalism | Will Hutton
Cristina Fernández's actions, however clumsy, are part of a worldwide reaction to exploitation by business and the richSuppose the British government knew that a key shareholder in Centrica, our last...
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Amid recession and economic despair, we still fixate on inflation
There are a great many things to worry about in the world economy. A rise in the CPI from 3.4% to 3.5% is not one of themThe news about inflation is not good, either for hard-pressed individuals whose...
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Battered Britain hovers on the edge of double-dip recession
With the GDP figures about to reveal whether the UK is back in recession, these are anxious times for Osborne – and the news from Europe is grimWith pasties, pensioners and philanthropists still...
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Ralph Turvey obituary
Brilliant economist at LSE, the Electricity Council, the Treasury and beyondRalph Turvey, who has died aged 84, was an economist with many careers. One of these was at the London School of Economics,...
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Eurozone crisis set to get worse before it gets better
With austerity measures in place, the markets demand to know where the growth is. But no one seems to have the answerThose who watched Dominique Strauss-Kahn at the spring meeting of the International...
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Postal workers' union vows to step up resistance to Royal Mail privatisation
Process will be a 'ripoff' for consumers – as shown by 30% rise in price of stamps – CWU leader Billy Hayes tells membersThe postal workers' trade union has vowed to step up its campaign against Royal...
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Treasury outlines tough new spending rules for Whitehall departments
Danny Alexander's move to penalise departments which don't abide by new rules seen by some as Treasury power grabWhitehall departments are to face tough new spending rules as the Treasury moves to...
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Squeezing ordinary people's finances always leads to disaster | Prem Sikka
Britain's rate of wealth transference from employees and the state to corporations is unmatched in any developed countryThe UK economy is flatlining, unemployment is rising and around 13.2 million...
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What the kula traders of New Guinea can teach us about financial markets |...
An anthropological perspective on how bankers function can help challenge our reliance on discredited neoliberal economicsIn his recent column, Aditya Chakrabortty observes that the current financial...
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Interest rates to stay at 0.5% for years, say experts
Economists and financial experts doubtful there will be sufficient improvement in the UK economy to enable interest rates to rise before the end of 2013Economists, fund managers and mortgage market...
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Gus O'Donnell reignites speculation over next Bank of England governor
Former cabinet secretary indicates he is considering applying to succeed Sir Mervyn KingLord O'Donnell has refused to rule himself out of the running for the job of governor of the Bank of England,...
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Social Security and Medicare running out of money faster than projected
Weakened economy and fewer workers paying into trust funds mean benefits will be exhausted sooner than expectedThe trustees of the Social Security and Medicare trust funds issued a dire warning about...
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Oxfam launches Humankind Index to measure wellbeing
The charity's Scottish arm has used measures including health, transport, family life and employment to evaluate quality of lifeAnti-poverty campaigners at Oxfam have created a new technique for...
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UK government meets borrowing target for financial year
Public sector net borrowing, excluding effect of banking bailouts, rose to £18.17bn last month, from £17.95bn a year agoThe British government borrowed more than expected last month, but still managed...
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The New Few, or A Very British Oligarchy
Why is the gap between rich and poor growing, why are the political parties hollowed-out shells and who is to blame?It is the great surprise of our time, and an unwelcome one, which is why we have...
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