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Long Read: The Tory Crisis Didn’t Start With Liz Truss and It Won’t End With Her

by Jonas Marvin

Dominic Cummings warned a Truss premiership would be a ‘guaranteed fiasco’. But if the disaster lettuce has gone, the political decay that created her has not, writes Jonas Marvin.

Analysis: So You’ve Been Bailed Out. But What Exactly Is Trussonomics?

by Richard Murphy

Just three weeks into her premiership, Liz Truss has already seen the economy bailed out by the Bank of England. Richard Murphy asks, what’s the thinking behind such a disastrous economic strategy?

Two men carry a Lehman Brothers sign outside an auction house in London.

Analysis: The Coming Recession Will Be Worse Than 2008

by Aaron Bastani

Britain’s economy has been spluttering since the dawn of the iPhone. There is no law of nature that says this won’t continue for the next 15 years - or longer. A political elite that thinks otherwise is taking your consent for granted.

05/05/2022. London, United Kingdom.The Prime Minister Boris Johnson hosts the Prime Minister's Business Council with The Chancellor of the Exchequer, Rishi Sunak, The Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, The Education Secretary Nadhim Zahawi and The Secretary of State for International Trade Anne-Marie Trevelyan. 10 Downing Street. Picture by Tim Hammond / No 10 Downing Street

Opinion: Of Course Sunak Says Inflation Can’t Be Fixed. Fixing It Would Mean Taxing Billionaires Like Him

by James Meadway

If everyone is paying more for things, but most of us aren’t earning more money, someone is pocketing the difference, writes James Meadway.

Analysis: Middle Britain is About to Get Monstered By Our Economic Model

by Aaron Bastani

The Bank of England is predicting that inflation could hit 10% this year. If so, it'll hit Middle Britain for six, argues Aaron Bastani.

Boris Johnson Rishi Sunak Octopus energy

Opinion: Here’s an Easy Fix for the Cost of Living Crisis: Cut Bosses’ Profits

by James Meadway

The cost of living crisis is political, writes James Meadway. Just look at France's response compared to Britain's.

Live: Downing Street Staff Leave Johnson’s Sinking Ship

Boris Johnson's attempt to "shake up" Number 10 has turned into a mass exodus. What's the story behind the Downing Street Meltdown?

A pile of silver and gold coins embossed with the logos of various cryptocurrencies, including bitcoin.

Analysis: Bitcoin’s Wild Fortnight Is a Reminder of Why Crypto Won’t Replace Conventional Currencies Any Time Soon

by James Meadway

Elon Musk might have changed his mind on bitcoin, but China hasn’t. It's a reminder, writes James Meadway, that whatever the whims of billionaires, cryptocurrencies remain at the mercy of central banks.

Opinion: Does the Bank of England’s Funny Business Signal a Push for Free-Market ‘Solutions’ to Come?

by James Meadway

Recent interventions by the new governor of the Bank of England have been as unusual as they have been alarming. James Meadway takes a closer look and asks why the governor seems to be feeding the free-market spin machine.

Mo Money Mo Problems: Why Facebook’s Cryptocurrency Plans Matter to Us All

by James Meadway

The announcement of Facebook's forthcoming cryptocurrency Libra signals the platform's response to its worsening stagnation. In his latest column, James Meadway explains why Libra is such a significant development not only for Facebook but for the financial system more broadly.

Interview: “I’m Having the Time of My Life!” | Aaron Bastani & Ash Sarkar Meet John McDonnell

John McDonnell MP, the Shadow Chancellor, dropped in to the Novara Media studio at The World Transformed to discuss Marx, flak from the press, and drop hints on the identity of the future governor of the Bank of England.

Why Has the Bank of England Decided to Raise Interest Rates?

by Grace Blakeley

Our current economic malaise won’t be solved by an interest rate hike. If anything, last week's move from the Bank of England is likely to make things far worse, argues Grace Blakeley.

Long Read: “These Guys Are Either Incompetent or Dishonest” – Betting Against the Bank of England

by Ben Tippet and Jack Browne

When it comes to interest rates, the only thing reliable about the Bank of England’s predictions is that they’re consistently wrong. In this week's long read, Ben Tippet and Jack Browne talk to an ex-Citibank insider who bet against the Bank of England's financial forecasts - with lucrative results.

What is deflation and what does it mean for the working class?

by James Meadway

Yesterday the UK went into deflation. George Osborne praised the "good news" while many economists were far more cautious. James Meadway from the New Economics Foundation explains what deflation is and what it means for the economy, wages and the working class.