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Public money set to be used to cover shortfall in private-finance projects
Promised £3bn to invest in infrastructure and stimulate economy may all be used to plug gap in overhauled PFI schemeA £3bn investment in infrastructure promised by George Osborne to stimulate Britain's...
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Globalisation isn't just about profits. It's about taxes too | Joseph Stiglitz
Big corporates are gaming one nation's taxpayers against another's: we need a global deal to make them pay their wayThe world looked on agog as Tim Cook, the head of Apple, said his company had paid...
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Osborne's PFI: selling public spending short | Editorial
The unravelling of the chancellor's overhauled PFI is now disguising the true depths that public investment has plunged toFor many years, Gordon Brown used the private finance initiative to conceal how...
View ArticleGeorge Osborne defends spending review cuts - video
Chancellor George Osborne defends plans agreed by seven government departments to cut their budgets by up to 10%
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George Osborne plans to harness £11.5bn savings via new star chamber
Chancellor upbeat on target for 2015-16 spending review but ministers may face grilling in revived cabinet committeeThe chancellor has decided to reconstitute the government's "star chamber" to help...
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Privatising the courts system: the public are not customers, they are...
Her Majesty's Courts and Tribunals Service is not an enterprise, designed for the pursuit of profit. The very idea is repugnant"We will sell to no man, we will not deny or defer to any man either...
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OECD cuts UK economic growth forecasts for 2014
Thinktank says eurozone crisis and government and consumer debt will drag on growth next year, but urges chancellor to stick with spending cutsThe west's leading economic thinktank has forecast that...
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Labour must break with economic orthodoxy – Tories do not know best | Bryan...
'Tough' measures are not necessary for good government. Labour should make full employment a central goal of policyWhen Harold Wilson's incoming Labour government prepared itself in 1964 to make good...
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Don't be fooled by the false economic recovery | Heidi Moore
We all want to believe a recovery is here, but indicators are that it's not. We're getting swindled again by banks and politiciansAfter five years of unemployment, government deficits and financial...
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Goldman Sachs and UBS to lead privatisation of Royal Mail
Government announces selection of Goldman Sachs and UBS to advise on Royal Mail's sale and collect majority of feesGoldman Sachs and UBS will lead a syndicate of banks collecting about £30m from the...
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Letters: Labour losing the economy propaganda war
In his article on austerity, Larry Elliott (Even the lab rats know Osborne experiment has failed, 27 May) is sceptical of the notion that "higher borrowing today means higher taxes tomorrow" and...
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High streets shrink in 10 out of 12 towns on Mary Portas scheme
Government blamed for inefficient use of money with 95 business units having closed in ailing targetsMary Portas's scheme to revitalise ailing high streets has failed to stop the rot – with 10 out of...
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The homeless aren't 'negative impacts' – they are living victims of policy |...
The current homelessness crisis is a consequence of poverty and austerity above all. All current solutions are inadequateHomelessness is not a problem. Homelessness is many problems woven together into...
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Consumer confidence edges up as triple-dip recession fears recede
Monthly GfK index jumps five points in May, but at -22 it shows consumers face long climb out of 'pit of economic pessimism'Consumers are becoming less gloomy about the economy and the state of their...
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Britain can no longer afford to bankroll the rich | Nick Cohen
Not only is the ever-growing wealth of the super-rich not trickling down, it is creating ever-growing instability in a future not worth havingA generation of "opinion formers" has assured us that the...
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Now everyone is a Keynesian again – except George Osborne
Even traditional bastions of austerity such as the IMF are starting to see the error of their ways. Only the chancellor, and Liberal Democrats 'bored by economics', continue to deny the truthHad Keynes...
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Britain and the euro: what if we'd joined?
Ten years after Gordon Brown decided the UK should stay outside the eurozone, imagine the alternative scenario …Ten years ago this week, it was euro crunch time for Britain. Gordon Brown had promised...
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Labour would cut winter fuel payments for rich, says Ed Balls
Shadow chancellor says Labour will deny grant to richest pensioners, but critics claim measure will make little differenceA future Labour government will halt winter fuel payments for 600,000 of...
View ArticleEd Balls' economy speech and lobbying scandal reaction: Politics live blog
Andrew Sparrow's rolling coverage of all the day's political developments as they happen, including Ed Balls' speech on the economy, David Cameron's Commons statement on the Woolwich attack and...
View ArticleGovernment cost-cutting 'saved taxpayers £10bn' - video
Cabinet Office minister Francis Maude says cost-cutting saved taxpayers £10bn in the last financial year
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