As the Office for National Statistics has reported this morning: Borrowing – the difference between total public sector spending and income – was £20.7 billion in
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We spend £80 billion a year encouraging people to save – but it doesn’t fund growth, wages or investment. It just props up banks and
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As The Telegraph has noted this morning: I am shocked, I tell you, truly shocked that a crypto company might have failed, taking its customers’
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Big businesses’ shallow faith in ethical capitalism and the need to challenge climate change became more apparent yesterday. As the Guardian reported: HSBC has become
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We published this short video on YouTube last night: Where does money come from? Most people think banks move it around. But the truth is:
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As the Financial Times has reported, the cost of personal debt in the UK is rising rapidly, despite falling bank base rates. Rates are now
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I got this link from Steve Keen, whose Substack is worth subscribing to. Ted Cruz has claimed that the Federal Reserve should stop paying banks
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People still like to talk about having ‘money in the bank’. But they haven’t. They just have a bank statement from a bank, with a
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The idea that bond vigilantes can set government policy suits the City and neoliberal politicians, who’d like it to be true. But is it? This
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