Philip Hammond's Spring Statement was characterised by dangerous complacency and offers no light at the end of the tunnel for families across the country, according to Positive Money Executive Director Fran Boait. The Chancellor attempted to deliver a more upbeat statement amidst the uncertainty that surrounds the UK economy, pointing to signals ...
There was speculation after Iain McNicol announced that he would be standing down as the General Secretary of the Labour Party on Friday evening. The shock resignation had not been anticipated even by many of his close colleagues. He will stay in his role until the Labour NEC recommends a successor ...
This weekend McDonalds workers are celebrating winning their biggest pay rise in a decade after staff at restaurants in Cambridge and Crayford went on strike at the end of last year. The high-profile #McStrike campaign was supported by Labour Leader Jeremy Corbyn followed similar successful campaigns by McDonalds staff in ...
The number of children living in poverty is set to soar to 5.2 million in the next five years as the richest members of our society get richer. New research from the Institute for Fiscal Studies has predicted an increase of more than a million in the number of children living ...
The level of inequality in Britain far outstretches that of our European neighbours or other G7 countries, a new graph has revealed. According to OECD figures published in The Economist the richest people in the UK are leaps and bounds ahead of the poorest groups in terms of GDP per person. ...
Shock figures released by the Office of National Statistics (ONS) show that Britain is £490 billion poorer than was thought. Britain’s stock of wealth has fallen from a surplus of of £469 billion to a net deficit of £22 billion. The UK has totally lost its reserve of foreign assets, ...
Jeremy Corbyn will be rubbing his hands after a new report by the International Monetary Fund backed Labour's tax strategy and discredited the Conservatives' approach. Higher income tax rates for rich would reduce inequality without impacting economic growth. The research revealed higher income tax rates for the rich would help reduce ...
Scottish Labour reacted to Mhairi Black's attacks on Jeremy Corbyn at the SNP Conference with a scathing attack on her record in office and that of her party. "I am so disappointed with Jeremy Corbyn, so disappointed," the SNP MP for Paisley and Renfrewshire had told the SNP Conference, warning the ...
The UK's youngest MP brought the house down at the SNP Conference with an emotive speech on Tory austerity and the damage it had wreaked. Mhairi Black started off mocking Prime Minister Theresa May by complaining she had a cough too, before insisting that Scotland is strong enough to survive ...