News

By Prof Mary Mellor The justification for austerity is that the public sector must live within its means. There is a plausibility in the claim that the state is like a household that should not spend more than it earns. This kind of ‘handbag economics’ draws its analogy from a mythical household. Real households do not live within their means. If they did the economy would grind to a halt. Modern prosperity is built upon debt and the main aim...

By Joe Mellor, Deputy Editor Polls conducted via telephone calls that currently indicate a double-digit lead for the remain campaign are likely to accurately reflect the British Public’s voting intentions, a report claims. Analysis by one of the only major polling companies who correctly predicted the UK general election results says heavy reliance on internet polling overstates the support for the Brexit campaign. Matt Singh of Number Cruncher Politics, working alongside James Kanagasooriam of polling company Populus and they looked...

By Joe Mellor, Deputy Editor Tory Minister Anna Soubry made a shock admission as pressure grows to save the port Talbot steel plant. Business minister Soubry says 'temporary ownership' of Tata steel's assets could be an option. This comes as the company made the shock decision to put up for sale the loss making arms of its UK operation. The Tory minister said there is "huge sympathy" for the steel giant, but also added it is losing £1m a day....

By Joe Mellor, Deputy Editor It has been claimed that numerous stray cat shelters have been moved to clear up the area near the PMs luxurious getaway. The five-star hotel in Lanzarote, part of the Canary Islands, have decided to forcefully evict the moggies from their homes. Almost 130 cats there are looked after by car lover Freddy Leon, who oversees Freddy’s Cathouse on the sun-kissed Spanish paradise. However, officials decided to move the shelters so they can spruce the...

By Joe Mellor, Deputy Editor This is an animated interview with IMF whistleblower John Perkins, author of "Hoodwinked" and "Confessions of an Economic Hitman." This short film manages to squeeze in a lot of information into a couple of minutes. Have a watch and see if you agree with his theory. Watch Video Here

By Joe Mellor, Deputy Editor Speaking at the NUT’s annual conference; Christine Blower the general secretary of the union has called on its members to build a coalition against the Conservative Party. She said teachers should create a grouping of “horror and dismay” at the government’s plans to make every school in England an academy. Blower called the Tories plans unacceptable and more than likely to hurt the employment prospects of teachers. She said: “We know that total academisation represents...

By Joe Mellor, Deputy Editor British armed forces are training the Bahrain military to use sniper rifles. This news will worry human rights groups who have already accused the regime of targeting protestors during the Arab Spring. Elite Royal Navy commandos are running a training course for Bahraini army personnel, who were accused of using snipers to target protesters during protests back in 2011. Labour’s shadow Defence Secretary, Emily Thornberry said: “People will be rightly concerned to discover that our...

By Joe Mellor, Deputy Editor Footage from the BBC news channel has shown someone jump out of the plane's cockpit window, then jump to the floor, before running as fast as possible away from the hijacked plane in Cyprus. See video below

By Joe Mellor, Deputy Editor The global stock markets have had a tough time of late and the largest corporations in the world dwarf some countries stock market valuation. For example Google and Amazon have a combined worth of $747bn, Netflix is $40bn and McDonald’s is around $109bn. These figures are pretty hard to get your head around, so Bank of America Merrill Lynch has created a map to help illustrate the size of these companies compared to stock markets...