Global Financial Crisis

The Global Financial Crisis Remembered: How It Affected Workers In The Finance Sector

Gregor Gall | Posted 08.09.2017 | UK Politics
Gregor Gall

Ten years ago this week, the emerging global financial crisis rudely hit the shores of Britain. Northern Rock, previously a low risk and secure buildi...

What Do You Value in Life?

Joanna Cates | Posted 15.09.2016 | UK Lifestyle
Joanna Cates

His values in the long term turned out to be incredibly important - not just for him as an individual but for society as a whole. The transgression of this value on a global scale had possibly played a significant role in triggering one of the worst financial crises of the last century.

Resource Responsibility and the Global Carbon Crisis

Peter Rolton | Posted 05.05.2015 | UK
Peter Rolton

One thing is for sure: any plan based on restricting access to cheap fuel is doomed to fail from the start, so we have no other choice but to address the problem and create long-term, sustainable solutions.

George Osborne: Pursuing Austerity Like the Spoils of a Feckless War

Karl Davis | Posted 09.02.2015 | UK Politics
Karl Davis

Like conflict, austerity leaves people scarred, changing them forever, and disproportionately affecting the most vulnerable. It is ultimately self defeating. Most tellingly, it is the poorest who suffer most under austerity, as in war, whilst the richest always profit...

The Narrative That Is Helping UKIP While Threatening The UK

John Sargeant | Posted 26.07.2014 | UK Politics
John Sargeant

Twitter is a blaze with condemnation that most people that bothered to vote went for UKIP than any other single party in last weeks European Election. Let alone for the vast majority that chose not to visit the voting booths. Across mainland Europe the far right made spectacular advances. A darkness is descending as we howl against the fading moon dreading what this new dawn will usher forth...

A Food Chain of Victimhood: The Metropolitan Police, the Boy With Down's Syndrome and a Feckless Austerity

Karl Davis | Posted 21.07.2014 | UK
Karl Davis

Austerity, and online petitions have much in common. Both are dominant online topics, and both have a polarising effect on opinion as to whether they can ever truly yield successful outcomes. Petitions seem to be becoming the reposte of choice for those affected by the worst effects of austerity, and today I read about a case that exemplifies this brilliantly.

Bankers Are Criminals? Yes, Says Conservative MP Steve Baker

Colleen Becker | Posted 07.04.2014 | UK Politics
Colleen Becker

Q. What is your position on the criminalization of bankers in the wake of the global financial crisis? A. Things which were crimes at the time should be prosecuted as such...

The Banks Are Admitting Guilt, So Why Is No One Jumping for Joy?

Harry Cooper | Posted 23.01.2014 | UK Politics
Harry Cooper

The banks have admitted guilt and they are paying us back for all the dodgy deals they got into! Well, not really. Banks are, in effect, 'fessing up to having behaved fraudulently or criminally. However what 'settling' means is actually 'paying regulators to shut up and stop asking difficult questions'.

Cross-Party Economic Duplicity Carries Great Dangers

Alex Rickets | Posted 30.11.2013 | UK Politics
Alex Rickets

George Osborne's speech at the Conservative Party Conference in Manchester dealt with themes we have come to expect from him: an emphasis on fiscal discipline and assurances that he is on the side of aspirational, "hard-working" people the length of the country. There were, however, also features we haven't heard before...

The Quiet Revolution in Banking

Jodie Ginsberg | Posted 01.09.2013 | UK Lifestyle
Jodie Ginsberg

Much of the focus since the financial crisis has been on what went wrong with the system and how to fix it. But tweaks to the architecture of the current system and changing some of the people working in it are not what will bring about a revolution.

Global Forecast: Softer Recovery Prospects

Kevin Dunning | Posted 28.06.2013 | UK Politics
Kevin Dunning

Our latest global forecast for the world economy shows prospects for steady gains in global economic growth throughout 2013 fading, amid signs that the recession in the euro zone is worse than expected and that China's recovery has stumbled.

Doomsday Stagflation?

Andy Langenkamp | Posted 09.04.2013 | UK Politics
Andy Langenkamp

Doom-mongers believe politicians will choose the easy way out and put pressure on central banks to crank up the printing presses. They often point to the weakness of the international monetary system, because it is based on fiat (soft) money, which is not backed by the value from tangible materials like gold. The pessimists think a monetary system based on fiat money will rarely, if ever, exist for long because hyperinflation is inevitable.

The Lasting Legacy of the Financial Crisis

Tom Charters | Posted 20.02.2013 | UK Universities & Education
Tom Charters

It is fair to hope that this new batch of future leaders of our financial world, with their diverse schooling and multi-disciplined training, will be better equipped than their predecessors to ensure that mistakes are not repeated.

PICTURES: 'Why Did No One See It Coming?'

The Huffington Post UK | Paul Vale | Posted 14.12.2012 | UK

The queen was in her counting house on Thursday afternoon, inspecting the Bank of England’s gold, as well as posing a few financial questions to the...

UBS Trading Scandal - Right Verdict; Wrong Man

Cyrus Moore | Posted 22.01.2013 | UK
Cyrus Moore

By August 2011, the bank's risk exposure had ratcheted up to almost $12bn - enough to bankrupt it - but its back office was still blissfully unaware of its full magnitude. How can a fraud on such a scale go undetected for three years?

Our Welfare System is Doing Nothing for Social Mobility, Nothing for Growth

Tom J Wilson | Posted 25.09.2012 | UK Politics
Tom J Wilson

The architect of Britain's modern welfare system, Ernst Bevin, once remarked in an interview that not only did he dislike the phrase but that in fact he believed in no such thing as a welfare state. For the sick and the elderly full provision must be made but of the unemployed Bevin argued that only the bare minimum to 'keep body and soul together' should be provided.

We'd All Be Better Off Without the City

M.R. Hall | Posted 01.09.2012 | UK Politics
M.R. Hall

If something looks too good to be true, it is. If someone tells you they can conjure money from thin air, they're lying. The City of London has been both too good to be true and seemingly magically producing money for several decades, and following the latest round of revelations about bankers' slavering greed, the game, I hope, is about to be up.

Introducing The 'Libor'

The Huffington Post UK | Paul Vale | Posted 29.06.2012 | UK

Since the start of the global financial crisis, we’ve all had to tighten our belts… but, more importantly, expand our vocabulary. Who’d ever...

Get Nothin' on Your Money and Your Cheques With Fees

Christian Faes | Posted 08.07.2012 | UK
Christian Faes

This was the heading of a recent Citi research report in the US, on the investment prospects of various regional banks. The title being an obvious play on the words from the infamous Dire Straits song 'Money for Nothing'. The broader subtext being that the banking system is broken.

Are We All Out of Touch?

Richard Pass | Posted 04.06.2012 | UK Politics
Richard Pass

If the West-Bradford by-election in which the dictator loving George Galloway was elected is anything to go by, it would seem that yet again, as expec...

What is Political Economy of Global Finance?

Sion Owen | Posted 08.02.2012 | UK Politics
Sion Owen

The financial crisis shows that politics and finance are connected and 'political economy' (PE) is back in focus, providing a framework for viewing finance from a political perspective. The problem is the term is hard to define as academics have used it in a variety of ways.

Is Europe Sliding Towards Financial Disaster?

Satyajit Das | Posted 27.01.2012 | UK
Satyajit Das

Whilst amusing, the theatre of Greek and Italian politics is irrelevant to financial disaster which now looms for Europe.

Europe's Blame Game

George Chondrakis | Posted 16.01.2012 | UK Politics
George Chondrakis

These are sad times for Europe. Three countries, Greece, Portugal and Ireland, are now dependent on external financing in order to repay their debt liabilities while Spain and Italy are widely muted to follow suit. Together they constitute more than 25% of the EU's GDP. The stakes are high.

The Global Economy Approaches "Stall Speed"

Satyajit Das | Posted 11.12.2011 | UK
Satyajit Das

In 2008, panicked governments and central banks injected massive amounts of money into the economy, in the form of government spending, tax concessions, ultra low interest rates and "non-conventional" monetary strategies - code for printing money.

Greek Debt Crisis and 'Great' Expectations

George Chondrakis | Posted 25.11.2011 | UK Politics
George Chondrakis

The economic paralysis of the Eurozone is not only threatening the currency union but also the very foundations of European unity.