The UK economy is built on debt and too many households are drowning in it.
- Reader in International Political Economy, King's College London
The stricken bank offered a chance to remodel how we think about banking in Britain. Instead it should now provide a focus for anti-austerity protests.
A call to break with the leadership of Greece’s ruling party has highlighted the futility of debt-led austerity and the burden it places on people on the wrong side of a banker’s bad bet.
The announcement that payday lending industry will – finally – see a cap on the cost of credit is welcome news. But any belief that this one simple measure will eliminate the industry would be mis-guided…
British regulators have finally made some progress in efforts to keep a lid on the payday lending sector. A cap on costs will reduce the impact on those forced to borrow under the industry’s tough terms…
The politics of recession and recovery dominate discussions about the British economy. Every new set of figures published or set-piece moment like the budget sparks another debate on whether the UK has…
The age of austerity exposes the severe failings of British commitment to growth dependent on the financial sector, in particular the problems created by excess indebtedness. Of course, the coalition government…
Apple, known across the world for its premium products, is finally dropping its prices. It may not be a huge offer, but the company is selling half price chargers for iPhones, iPads and iPods to anyone…
MPs are busy giving payday lenders a kicking for targeting vulnerable people with expensive loans. But these lenders represent just one small part of the consumer lending industry. We shouldn’t let this…
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