Trade conflicts caused by governments promoting the interest of the elite at the expense of workers. Across the world, the rich have prospered while workers can no longer afford to buy what they produce have lost their jobs, or have been forced into higher levels of debt. The class wars of rising inequality are a…
Chancellor Rishi Sunak announced the UK furlough scheme to pay wages of workers on leave because of coronavirus has been extended to October. He further said the government-backed workers and companies going into the lockdown, and would support them coming out and confirmed that employees will continue to receive 80 per cent of their monthly…
Self-employed workers can also apply for a gramt worth 80 per cent of their average monthly profits to help them cope with the financial impact of coronavirus the Chancellor Rishi Sunak announced. The money – up to a maximum od £ 2, 500 a month will be paid in a single lump sum but will…
The Chancellor Rishi Sunak will today announce a package of support for Britain’s 5m self-employed people to help them through the coronavirus pandemic after Boris Johnson decreed they should have “parity of support” with employed counterparts. The self-employed would submit forms to HM Revenue & Customs, the tax authority, declaring their recent income, if there…
Chancellor Rishi Sunak in his bold budget speech suspended business rates for shops and cafes, Beer, wine and cider duties were frozen as pubs get help, UK interest rates cut in an emergency move, and promises his measures to help the economy tackle the coronavirus outbreak which is expected to bring a “significant” short-term…
Aon buys Willis Tower Watson for £30bn in an all share-deal that will combine world’s second and third largest insurance brokers into a new industry leader and throws up challenge to Marsh & McLennan, which until now has been the world’s number one in the sector by revenue, one year after they completed acquisition of…
More is an eloquent and detailed new history of the global economy from Philip Coggan, a senior economist journalist, and former Financial Times columnist – is very concerned that what compound economic growth has achieved is not even generally appreciated. More takes us through the development of the world economy starting with the first obsidian…
There is a scandal in the Wealth Management division of Deutsche Bank which paid £1.1m to secure the wealth management business of a senior Saudi Royal financial adviser, whose wife was paid according to an internal probe that led to two former employees being reported to criminal prosecutors. The money transfers were arranged in 2011…
In the great financial crisis of 2007-2008, finance came too close to wrecking the global economy. The presence of rogue behaviour in finance, Nesvetallova and Palan turns to the economist Thorstein Veblen (1857-1929) who observed that businessmen were proficient at making profit by interfering in markets, and wrote “ something in the nature of…
The modern liberalism since 1843, The Economist has been the single most devoted and influential champion of liberalism anywhere in the world. Today, neither economic crisis at home nor permanent warfare abroad, has dimmed the Economist’s belief in unfettered markets, limited government and a free hand for the West. The history of liberalism is on…