We’ve given the banks almost total control over our day-to-day payments. What...
Writing in his memoirs, former Chancellor Alistair Darling revealed that at the height of the financial crisis in 2008, Treasury officials feared the country was just two hours away from ‘cashpoints...
View ArticleRevealed: How Help to Buy has stuffed the pockets of housing giants
Rather than helping those struggling to buy a home, Help to Buy has mainly been a subsidy for property developers and the rich, according to an independent review of the scheme. Around three-fifths of...
View ArticleInquiry into financial services long overdue as UK suffers
The Shadow Chancellor has said the next Labour government would launch a public inquiry into Britain’s finance industry. It would inquire into and report misconduct in the finance industry, with the...
View ArticleOver 100 economists and leaders demand new Bank of England governor ‘leads...
More than 100 leading figures from across finance, civil society and academia have signed a letter calling on incoming Bank of England governor Andrew Bailey to accelerate efforts to green Britain’s...
View ArticleProf Prem Sikka: Don’t fall for the Tory ‘levelling up’ mantra, they’re still...
Prem Sikka is an Emeritus Professor of Accounting at the University of Essex and the University of Sheffield, a Labour member of the House of Lords, and Contributing Editor at Left Foot Forward The UK...
View ArticleTreasury selling NatWest off at loss is missed opportunity to ‘rejuvenate...
The government has just announced plans to sell more of its stake in NatWest, despite shares being worth less than half what they were when taxpayers bailed out the bank after the financial crisis....
View ArticlePrem Sikka: The $63.2 trillion shadow banking industry is likely to be site...
Prem Sikka is an Emeritus Professor of Accounting at the University of Essex and the University of Sheffield, a Labour member of the House of Lords, and Contributing Editor at Left Foot Forward. The...
View ArticleKwasi Kwarteng poised to scrap bankers’ bonus cap
The splash on the front page of the Financial Times today suggests that the new chancellor of the exchequer – Kwasi Kwarteng – is planning to scrap the cap on bankers’ bonuses. Introduced in 2014, the...
View ArticleThe mass closures of bank branches is having a devastating impact on communities
Prem Sikka is an Emeritus Professor of Accounting at the University of Essex and the University of Sheffield, a Labour member of the House of Lords, and Contributing Editor at Left Foot Forward. Last...
View ArticleNigel Farage banking row: Regulator finds no evidence of bank account...
The Financial Conduct Authority (FCA) says it has found no evidence showing banks have shut or denied accounts to customers based primarily on their political beliefs, according to a preliminary...
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