Other People’s Money review – good capitalism goes to war with greed

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Southwark Playhouse, LondonUnfettered excess and predatory humour combine in a timely reflection on big business Jerry Sterner’s play about Wall Street avarice first opened off-Broadway two years after the stock market crash of 1987 and soon became a film starring Gregory Peck and Danny DeVito. Revived in our age of economic collapse and austerity, it… Continue reading Other People’s Money review – good capitalism goes to war with greed

Hammond misses budget target but deficit is at 17-year low

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ONS says borrowing in latest full financial year was £24.7bn, down 41% Philip Hammond has missed his annual target for bringing down the budget deficit, despite borrowing dropping to the lowest level since 2002. The Office for National Statistics said that borrowing in the latest full financial year, which ended in March, was £24.7bn, down… Continue reading Hammond misses budget target but deficit is at 17-year low

Capitalism is failing workers. People want a job with a decent wage – why is that so hard? | Richard Reeves

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The workings of capitalism have been challenged both from the populist right and the socialist left. At the heart of the discontent in the US is faltering wages Read our entire Broken Capitalism series Before capitalism, there was work. Before markets, before even money, there was work. Our remotest ancestors, hunting and gathering, almost certainly… Continue reading Capitalism is failing workers. People want a job with a decent wage – why is that so hard? | Richard Reeves

Workers are creating massive wealth. Why are corporations hoarding it all? | Cory Booker

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Our economy works best when no one is left on the sidelines, writes Cory Booker, US Senator for New Jersey and a Democratic presidential candidate Read our entire Broken Capitalism series Every day Carol Ruiz wakes up at 3.30am and goes to an airline catering service at Newark Airport, where she helps prepare the food… Continue reading Workers are creating massive wealth. Why are corporations hoarding it all? | Cory Booker

Almost 2m people will lose £1,000 a year with universal credit – study

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Those on disability benefits and low incomes will be among worst affected, IFS concludes Almost 2 million people will lose more than £1,000 a year following the switch to universal credit, with those claiming disability benefits the worst affected, according to research by a leading thinktank. Self-employed workers on below average incomes and low-income families… Continue reading Almost 2m people will lose £1,000 a year with universal credit – study