News
Iran war keeps Bank of England interest rates at 3. 75%
3+ hour, 17+ min ago (144+ words) THE Bank of England is expected to hold interest rates at 3. 75 per cent on Thursday due to the inflationary pressures from the Iran'war. Rates had been gradually coming down from a peak of 5. 25 per cent in a bid to stimulate…...
Vietnam's economic transformation reaches a turning point
1+ week, 6+ day ago (877+ words) Associate Professor BUI QUANG TUAN explains how modernisation and growth are helping to unlock new foreign investment in the Vietnamese economy Nearly two decades after leaving office, the former PM is still trumpeting the same futile militarism and failed free…...
Unions warn of "calm before the storm" as inflation falls | Morning Star
3+ week, 4+ day ago (363+ words) UNIONS have warned that the fall in inflation to its lowest level in more than a year is the "calm before the storm," as workers continue paying the price of the economic'crisis. The Office for National Statistics said Consumer Prices…...
British billionaires double as workers squeezed
4+ week, 2+ day ago (381+ words) THE number of billionaires in Britain has doubled since 2010, while living standards for ordinary workers have been squeezed, according to a TUC analysis of the Sunday Times Rich'List. There were just nine billionaires when the list began in 1989 " there are…...
The labour movement must demand more than subsidies
1+ mon, 1+ week ago (587+ words) TO SEE how contemporary monopoly capitalism goes about its business, consider the giant Tata'conglomerate. The Indian-based company owns JLR cars as well as Tata Steel in Britain, not to forget Tetley tea. Its main business, however, seems to be wringing…...
British economy flatlined in January
3+ mon, 1+ day ago (364+ words) BRITAIN'S economy flatlined in January as people cut back on eating out, official figures showed'today. The Office for National Statistics (ONS) showed zero growth in gross domestic product (GDP) against expectations for output to increase by 0. 2 per'cent. There was a…...
How 300 companies run half the global economy
3+ mon, 2+ week ago (823+ words) STEVE ANDREW recommends a Marxist analysis of the long chains of production that global corporations exploit GORDON PARSONS applauds a marvellous story of human ingenuity and youthful determination, well served by a large and talented company SUSAN DARLINGTON applauds bold…...
Bank of England faces union pressure to accelerate interest rate cuts
4+ mon, 1+ week ago (276+ words) THE Bank of England faced union pressure today to accelerate interest rate cuts after holding rates and warning of slower growth and rising'unemployment. Interest rates were kept at 3. 75 per cent by the Bank, saying the decision was needed to ensure…...
Who is causing Britain's economic stagnation?
4+ mon, 2+ week ago (1225+ words) Labour prospects in May elections may be irrevocably damaged by Birmingham Council's costly refusal to settle the year-long dispute, warns STEVE WRIGHT HENRY FOWLER and ROB POOLE explain the significance of today's Megapicket One hundred years after 1. 7m workers shut the…...
Bulgaria adopts euro, defying popular opposition - Morning Star | The People's Daily
5+ mon, 2+ week ago (132+ words) BULGARIA on Thursday becomes the 21st country to adopt the euro, despite simmering popular'opposition. Supporters of dropping the lev in favour of closer ties to Brussels are praising the move as Bulgaria's greatest economic achievement since the counter-revolution of 1989, when a…...