Corruption of the British State

  The construction giant Carillion, an outsourcer of huge Government building contracts, leading to one of the greatest financial scandals of modern times following their collapse in January 2018. When it folded it had only £29 million in the bank and debts and other liabilities adding up to a staggering £7 billion, amounting the final…

The logic of capitalism

A highly provocative book by an Indian academic who is the Associate Professor of Modern South Asian Studies at the University of  Copenhagen, revealing how India is being repackaged into a national brand  to be sold to foreign investors, part of ongoing historical shift. “The capitalist transformation of India wherein the logic of capital is…

“The US should neither run the world, nor run from it”

  In 1796, American President George Washington in his farewell address cautioned the young nation “to steer clear of permanent alliances with any portion of the foreign world. “ Isolationism thereafter became one of the most influential political trends in American history. From the founding era until the Japanese attack on Pearl Harbor, the United…

How Dirty money is quickly anonymised

Award-winning investigative Financial Times journalist Tom Burgis reveals a terrifying global web of corruption by following the dirty money that is flooding the global economy, emboldening dictators, and poisoning democracies, spanning Kremlin to Beijing, Harare to Riyadh, Paris to the Trump White House, all at a terrible human cost. A body in a burned-out Audi.…

UK economy grows by  15.5 per cent

The UK’s economy bounced back from recession in July to September, but growth showed signs of slowing down at the end of three months. Growth of 15.5 per cent from July to September after a six-month slump induced by the first coronavirus lockdown was the biggest on record according to the Office for National Statistics…

Boom and Bust –Exchange Alley

In 1719 London, the year began well enough for London’s stock traders, working from their corner of the city, a narrow passage called Exchange Alley, buying and selling shares-dealing not in things but in numbers – was still new to the city. There was no fixed marketplace for traders in the paper. So those who…

Bank of England Pumping £150bn into the economy

Andrew Bailey the Governor of Bank of England has vowed to do “everything we can” to support the economy amid a resurgence of Covid-19 and said It was important that policymakers acted “quickly and strongly”, as the Bank announced a further £150bn of support, as lockdown could lead to a slower and bumpier recovery. The…

Post-furlough job losses worse among young and ethnic minorities

Resolution Foundation’s latest survey of 6, 000 adults found 19 per cent of 18-24-year-olds who were furloughed during lockdown were unemployed in September. For Black, Asian, and other minority ethnic workers the figure was 22 per cent compared to 9 per cent for the general population. The Treasury said its wage support schemes had helped…

What does China want?

In the recent US presidential Television debate, Donald Trump’s oneliner was ” China ate your lunch Joe” against challenger Joe Biden. According to Trump’s view, China is a global villain that has visited a “Plague” upon the world while stealing US jobs and intellectual properties, Biden for his part has called XI Jinping, China’s leader, a…