Tag: Recession
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Fasten your seat belts for a news-packed 2019
Brexit. An economic crash. Freak weather. More adventures in space. What are the stories The Day will be covering in the next 12 months? And can...
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No end in sight for meteoric bitcoin rise
Could bitcoin replace traditional currency? The cryptocurrency’s value has doubled in a fortnight. One bitcoin is now worth over $15,000. But some believe the revolution has only just begun.
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Interest rates rise spark fears of next crash
Could this be the beginning of the next financial crisis? Yesterday the Bank of England raised interest rates for the first time in a decade, reversing a cut made after the Brexit vote.
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Socialism lands left hook on capitalism
Has capitalism had its day? Theresa May claims we can trust the free market, but Jeremy Corbyn declares that capitalism has “failed.” Some are calling for reform, others for a revolution.
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Ministers demand money in austerity ‘revolt’
Several senior members of the cabinet are calling for higher spending on public services such as health and education. Does this mean an end to the government’s policy of austerity?
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Barclays boss charged over 2008 ‘bungles’
John Varley is one of four people charged with fraud over actions in the financial crisis. Hardly anyone was jailed for their role in the crash. Would this have rescued trust in the system?
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UN warns of a new global financial crisis
A stark official report from the UN has warned of looming economic disaster, prompted by huge debts in the developing world. For some this means the entire capitalist system is under threat.
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The trade-off: Britain’s economic gamble
The economy is one of the most important issues in politics: involving wages, prices and jobs. Are the warnings from most economists of trouble if we leave the EU enough to make us stay?
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Brazil’s president impeached as finances crash
Brazil has voted to suspend its first female president. Her upcoming impeachment trial is just one of many crises facing a country which was once tipped to be the next global power.
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Corbyn faces anger at lack of progress
It was a tough night for the Labour leader with the worst performance of any opposition party for 30 years. Is this part of a wider story in which socialism itself is running out of steam?
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World economy on a tightrope, warns Carney
The Governor of the Bank of England has ruled out a rise in interest rates amid fears of a global economic crisis. With memories of the 2008 recession fresh, should we be worried?
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Ikea warns: shoppers have hit ‘peak stuff'
A spokesman for the furniture giant has said that our consumption of goods is no longer sustainable. His comment has bemused many, but does he have a point? And what is Ikea doing about it?
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Cameron revives ‘home-owning democracy’ dream
The Conservatives have promised to help millions buy their own houses, putting home ownership at the heart of their manifesto. But why is it such a widespread aspiration? And should it be?
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‘Moment of truth’: Greece meets with Germany
The Greek prime minister met the German chancellor in a crucial moment for Greece and its place within the eurozone. But should the struggling country just cut its losses and leave?
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Britain ‘walking tall’, claim bullish Tories
The UK chancellor George Osborne has launched his party’s final sprint for re-election with an assertive defence of the Conservatives’ economic plan. Is Britain really on the right track?