Economy

The UK government gave £450bn to the richest – it should take it back for the people

We need a wealth tax to redistribute the hundreds of billions of pounds that quantitative easing handed to the wealthiest.

As China’s growth stalls and supply chains falter, the West faces a stagflation trap

Soaring energy and food prices mean inflation is rising globally – and it will only come down if banks engineer…

26 January 1935: inflation and what is not.

How Britain’s failure to reckon with global forces led to a cost-of-living crisis

At the end of the era of globalisation and market-led capitalism, there is no clear successor to this crumbling model.

Five ways the government failed to shield the UK from inflation

For all the Tories’ attempts to blame the Bank of England, Britain’s unique exposure to the crisis is caused by…

Rishi Sunak must urgently do more for the poorest

The Chancellor does not have a magic wand but he should prioritise the most vulnerable as inflation surges.

Will Rishi Sunak U-turn and impose a windfall tax on energy companies?

The lack of a plan to tackle the cost of living reveals Boris Johnson’s failure to grasp the magnitude of…