Bankers’ bumper bonuses: why does the government want them back?
Lifting the cap on bonuses could make the City more attractive, but this is a problem that should have been…
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Business and Finance
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Business and Finance
The ostrich economy is heading for a reckoning
Since 2008, politicians and bankers have kept recession at bay by pretending it wasn’t happening. That strategy is beginning to…
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Flat wages, surging stocks: how the rich profited from a 13-year stock market surge
The UK’s lightly-taxed asset boom enriched the wealthy while workers endured a lost decade.
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It’s time to consider revoking the Bank of England’s “independence”
The bank’s fixation on inflation targets, regardless of the cost to society, is among New Labour’s worst legacies.
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How the Wolseley lost the battle for its soul
The beloved London restaurant empire has been bought out by Minor International – which has little understanding of its egalitarian…
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Financial markets may have just predicted a recession
Inversions of the yield curve on US Treasury bonds have preceded most recessions for 150 years. It happened again this…
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With trade unions gutted, workers have no protection against soaring inflation
It was ludicrous for the Bank of England governor, Andrew Bailey, to suggest that people are in a meaningful position…
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In the cost of living crisis, supermarket workers are once more on the front line
Shareholder action today highlights the precarious finances of a million low-income workers who are essential to food supply.
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