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If you think we're done with neoliberalism, think again | George Monbiot

The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers richesHow they must bleed for us. In 2012, the world's 100 richest people became...

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Labour's 2015 fears are puny compared to the Tories' terror | Polly Toynbee

On the economy, Europe, tax and the NHS, the trajectory is all in favour of Ed Miliband. Now his party can start to dareLabour is always afraid. Even Tony Blair, triple-election victor, never felt the...

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UK inflation since 1948

Inflation in the UK has remained steady at 2.7% in December. Get the full data over time - and see how it compares with pay• Interactive inflation data explorer from Timetric• Get the data• More data...

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Treasury select committee: baffled by counter-cyclical buffers | Simon...

Simon Hoggart watches MPs interrogate some of Britain's financial panjandrums'Governor, I would now like to turn to the core indicator sets on counter-cyclical buffers," said the Tory MP David Ruffley....

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UK's AAA credit rating under 'significant pressure', warns Fitch

Ratings agency says slow recovery and fiscal consolidation leaves Britain vulnerable to fresh economic shocksFitch, the credit ratings agency, has warned the chancellor that Britain could be stripped...

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Towards a fairer capitalism: let's burst the 1% bubble | Mariana Mazzucato

Talk of a more moral capitalism is just hot air unless we rehabilitate and reward the idea of value creationAt the end of the 19th century, Big Bill Haywood, one of the founders of the US's first...

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We need employment statistics that confront political spin | John Philpott

Honest political discourse requires a warts and all picture of the underlying complexity of these figures – the ONS could helpWhat does the word "job" mean to you? The coalition government says that...

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Almost a third of Britons cannot afford a holiday, poverty report shows

Office for National Statistics analysis also shows growing number (36.6%) unable to pay an unexpected billAlmost 30% of people in Britain are unable to afford even a week's annual holiday, up from less...

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Benefits and child credits squeeze pushes 200,000 children into poverty

Government admits statistic that Labour says shows children are victims of Tory 'games' and 'economic failure'The squeeze on tax credits and benefits will push 200,000 more children into poverty, the...

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Backing energy efficiency would help stave off a triple-dip recession | Will...

There is plenty of research saying green investment would benefit jobs, growth and energy bills, but Osborne won't listenNew figures from Britain's leading economists suggest the UK could be heading...

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Back down on austerity, Osborne urged as Britain slips towards triple-dip

Chancellor under increasing pressure to abandon Plan A as the country teeters on the brink againGeorge Osborne is facing pressure to sacrifice inflation targets to kickstart growth, with official...

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British economy faces threat of lost decade

A week in which the UK's high street looked to be on course for total collapse has raised fears that we could now be in the middle of a protracted, Japanese-style period of stagnation. Economists want...

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10,000 oil rig construction jobs lost as North Sea contracts go to Korea

Government urged to copy other oil nations with rules and tax breaks to benefit home manufacturersUp to 10,000 engineering jobs could have been created if the government had supported British companies...

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A 1930s-style building boom could bring back growth

House building after the great depression revived the economy, tackled overcrowding and kept property prices stable for yearsEighty years ago, when Franklin D Roosevelt was waiting to move into the...

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Never mind the snow – it's austerity that's disrupting the economy | Michael...

Tory economic policy has encouraged a fall in productivity over five quarters: if that carries on, it means a structural crisisSupporters of government economic policy, which includes the large...

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An action-packed thriller is about to unfold in Davos, Switzerland | Aditya...

In secret meetings in tiny rooms, the rich plot to get even richerI have an idea for a particularly mediocre film. The plot runs thus: a bunch of rich white men gather in an Alpine hamlet. There's a...

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Funding for lending scheme 'boosts housing market rather than businesses'

Latest data shows £4bn of lending to business was removed despite flagship scheme – while mortgage approvals roseA key scheme to encourage banks to ramp up their lending has added fuel to the housing...

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Government borrowing rise puts UK's AAA rating under threat

Extra £15.4bn of borrowing in December piles renewed pressure on Britain's coveted triple-A credit statusBritain's coveted AAA credit status came under renewed pressure on Tuesday after official...

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Austerity has damaged recovery, says former Bank of England official

Likelihood of a triple-dip recession and more than two years of flat growth partly blamed on Osborne's handling of the economy, says Adam PosenThe chancellor George Osborne has cut public spending too...

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Osborne and Alexander ask for coalition post-election cuts plan

Chancellor and Treasury chief secretary urge Conservative and Lib Dem ministers to look for efficiency savings for 2015-16The chancellor, George Osborne, and the Treasury chief secretary, Danny...

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