More than a decade on from the financial crisis, wages have still not fully recovered, with the average worker £17 a week worse off than they were in 2009. Nurses and teachers were among the…Read more…
Party like it’s 2008?
Former employees from the defunct Lehman Brothers investment bank, which played a key role in the 2008 global financial crisis, are planning a party on the 10th anniversary of its collapse – a move…Read more…
1000 More Euro millionaires is a symptom of a disordered banking sector
In 2015 there were 4,133 €-millionaire bankers in UK. This figure is up 20% on 2,926 the previous year. In the rest of Europe, the increase was more modest from 934 to 1002 (+7%). The sharp eyed will gather that we are home to 4,133 of 5,035 €-millionaire bankers in Europe as a whole,…Read more…
Our banking system just isn’t working for the real economy
Today the BBC are reporting that over 600 local bank branches have been closed in the last 12 months. It’s a tragedy both for staff who have lost jobs and for the communities that need the service they provided. It also poses a crucial question for unions about how we get the kind of banking…Read more…
Forget Europe – the markets hold the real unaccountable power | Mark Serwotka
An unholy matrimony between finance and politics has undermined democracy: it’s time it was reinforced
Listening to economics being discussed in the media is like being read a fairy story. In any…Read more…