Bookmarks (8) clear filters

Labour leader calls for ‘moral crusade’ in wake of Covid pandemic to deliver social justice and equalityKeir Starmer has argued that Labour must build “a strong partnership with businesses” if it is to create a more just and equal post-Covid society, saying that for too long the party saw business as “something just to be tolerated or taxed”.In a much-trailed speech setting out his...

New measures of success needed to avoid catastrophic breakdown, landmark review findsWhat does the UK’s biodiversity review recommend?The world is being put at “extreme risk” by the failure of economics to take account of the rapid depletion of the natural world and needs to find new measures of success to avoid a catastrophic breakdown, a landmark review has concluded.Prosperity was coming at a “devastating...

There is evidence that scheme under which Berlin tops up wages of those put on short-time working is effectiveGermany’s furlough scheme saves firms from freefallCoronavirus – latest updatesSee all our coronavirus coverageIt all looked so different for Rishi Sunak three weeks ago. After a bleak early spring in which the economy was sacrificed for health reasons, there were signs that the worst might be...

A singular event has economists asking the same questions as everyone else: how far is there to fall – and can we ever get back?Coronavirus – latest updatesSee all our coronavirus coverageIt is New Year’s Eve 2019 and around the world stock markets are closing for business on a high note. Shares in the US are up by almost 30% on the year, those...

The Covid-19 outbreak is forcing politicians and central bankers to set aside ideology and orthodoxy to prevent a global collapse Coronavirus – latest updatesSee all our coronavirus coverageIt is as if the lights have been switched off. The global economy has been plunged into darkness as countries hunker down in response to the Covid-19 pandemic.Most recessions develop gradually over time. When the last one...

Kristalina Georgieva compares today with “roaring 1920s” and criticises UK wealth gapThe head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.Speaking at the Peterson Institute of International Economics in Washington, Kristalina Georgieva said new IMF research, which compares the current economy to the “roaring 1920s” that culminated...

£395m trade boost is aimed at countering China’s spending on the continentBritain has unveiled plans to channel part of the £14bn aid budget through the City as it seeks to exploit the global reach of the finance sector to boost investment in Africa.Details of the £395m package were announced by the international development secretary, Alok Sharma, ahead of a high-level UK-Africa investment summit next...

Past crashes spawned new thinking and reform but nothing has changed since 2008 banking meltdown, says former Bank of England bossLarry Elliott: The global economy needs to change fastThe world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for the democratic market system, according to the former Bank of England governor Mervyn King.Lord King, who was in charge...