People on the lowest incomes pay the most to borrow money, even when it’s for essentials.
David Willetts, who now sits in the House of Lords, was the former minister for universities in the coalition government.
Frantzesco Kangaris/PA Archive
As a minister in the coalition government, Willetts introduced £9,000 tuition fees. In an interview as he publishes a new book, he says the system is well-designed and fair.
David Cameron has announced plans to reduce the annual benefits cap from £26,000 to £23,000 per year if the Conservative Party wins the general election in May. He argues that the cap saved public money…
The chancellor of the exchequer, George Osborne, has delivered the financial package he hopes will convince voters to deliver a Conservative majority in May 2015. Here, our team of academic experts responds…
Chancellor George Osborne has unveiled his fourth budget. The blueprint for recovery includes wholesale changes to pensions and savings, attempts to boost business investment, new relief for the costs…
Since the 1970s, economic orthodoxy has suggested that inequality might be the price worth paying for economic growth. Following a new report from the International Monetary Fund (IMF), the evidence is…
Now you see it … now you don’t.
Owen Humphreys/PA Wire
George Osborne has warned that a further £25bn of spending cuts will be needed after the next election – with about half of those cuts to be made from the social security budget, largely from cuts in benefits…
You work for 16 hours, and what do you get?
Dominic Lipinski/PA Wire
The labour market has shown some signs of recovery in the past year and the unemployment rate has fallen to 7.6%. While this appears to be a positive sign the reality is that many people with jobs are…
Even on sale, payday loans are getting us into more financial trouble.
PA
Britain is currently experiencing its longest and deepest economic slump in a century. But through new research we’re only just beginning to realise quite how dramatic the impact of this recession has…