economics | Novara Media

Tag: economics

A stock broker sits in front of a falling share price index.

Analysis: Bank Bailouts Aren’t the Start of Another Global Crisis. But They Should Still Have Us Worried

by James Meadway

Bank bailouts at Credit Suisse and SVB are probably not the start of another global financial crisis, writes James Meadway. But one infamous pattern from 2008 looks set to repeat.

a woman with short brown hair and a red suit and string of pearls speaks into a microphone against a blue background. she gestures with a hand signal that means 'very small'

Analysis: The IMF is About to Enforce Worldwide Austerity

by Matteo Tiratelli

The International Monetary Fund’s loan-making power has made it a linchpin of the global economy, writes Matteo Tiratelli – power it’s about to use to impose another decade of murderous austerity.

Protesters hold a Don't Pay campaign banner during the demonstration at Victoria Embankment. Thousands of people from various groups took part in The People's Assembly Britain is Broken march through Central London demanding a general election, an end to Tory rule, and action on the cost of living and climate crisis.

Analysis: If You Thought 2022 Was Bad for Your Bank Balance, Just Wait for the Sequel

by James Meadway

You’ll be poorer, the planet hotter. On the upside, the working class will be readier than ever to take on the crisis that is 2023.

A worker talks on a stand during the launch of Adopting Bitcoin – A Lightning Summit in El Salvador, in San Salvador, El Salvador November 15, 2022. REUTERS/Jose Cabezas

Interview: Crypto Was Meant To Be Radical, But It’s Been Taken Over By Wall Street

by Moya Lothian-McLean

Decentralised currencies were intended to circumvent traditional financial markets – instead they’re mirroring them. Why?

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

Analysis: Wow! The Tories Are Planning to ‘Level Up’ Britain Again

by James Morrison

Rishi Sunak’s overtures about ‘levelling up’ the ‘left behinds’ obscures who really needs help.

Protesters hold a trans flag during the demonstration against trans conversion therapies, London, April 2022.

Feature: How Mutual Aid Is Reaching Its Limits for Transgender People in the UK

by June Bellebono

Aid networks are lifesavers for trans communities - but a hostile cultural and economic climate means an already deprived demographic is being stretched to breaking point.

Downstream: The Plan Is to Make You Permanently Poorer | Aaron Meets Gary Stevenson

In 2011, while working as a City trader, Gary Stevenson joined the ultra rich with a single bonus cheque. Not long after he was named one of Citibank’s highest performing traders worldwide. Stevenson made millions for his employer by betting on one thing: that the British and American economies would fail to recover from the […]

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?

Analysis: Stop Calling It A Price Cap

by Matteo Tiratelli

As annual energy bills are forecast to hit over £4,000 from January 2023, Matteo Tiratelli examines the history – and future - of Britain’s ‘price cap’.

A woman with long curly black hair and a black covid mask holds up a homemade cardboard sign on which is written in pale blue writing: "NHS hero but my purse says zero"

Analysis: No, Higher Wages Won’t Fix the Cost of Living Crisis

by Matteo Tiratelli

Sexy as degrowth may be on the left, it’s productivity gains that have driven rising living standards over the past half-century, writes Matteo Tiratelli.

Analysis: Taxes Aren’t Driving Sky-High Fuel Prices, Profiteering Bosses Are

by James Meadway

While fuel protesters blame the government for their woes, writes James Meadway, BP and Shell made £40bn last year.

Explainers: The Establishment’s Plan to Deal With Inflation

As inflation rises the establishment has a solution: we all need to get poorer. The alternative is for profits to fall – but that is unacceptable to the powerful. Aaron Bastani on how only unions can save us.

Feature: The Green Revolution Could Make Cornwall a Mining Capital Again. Who Stands to Benefit?

by Lucie Akerman

Lithium mining is set to spark a gold rush in Cornwall. But with past experience of extractive industries, residents hope community organisation will chart a different future, reports Lucie Akerman.

Opinion: Council Tax Is Broken. Devolution Could Fix It

by Rio Goldhammer

Regional autonomy offers an opportunity tax to work for the people paying it, writes Rio Goldhammer.

Analysis: Sri Lanka is Being Held Hostage By Its President

by Amita Arudpragasam

As protesters mark more than 50 days of demonstrations, their key demand remains unmet: Gotabaya Rajapaksa has not resigned.

Image shows workers collecting wheat at the Benha grain silos, in Al Qalyubia Governorate, Egypt

Analysis: Bankers Are Driving the Wheat Price Explosion, Not the War in Ukraine

by Matteo Tiratelli

The war in Ukraine and climate breakdown have been blamed for a wheat price surge that threatens mass starvation. The truth is that financial speculation and grain-hoarding are to blame, writes Matteo Tiratelli.

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.

Demonstrators take part in a Black Lives Matter protest in London on 12 July 2020.

Analysis: The British Empire Wasn’t Just About Race

by Kojo Koram

Young people are waking up to the fact that the British empire was not just about identity and race, but about poverty and wealth, democracy and control, writes Kojo Koram.