Bad things happen in this month and, as IMF prepares for annual meeting, signs of a crisis loomBad things happen in October. It was in this month 13 years ago that the global banking system came close to imploding. There was a stock market bloodbath in…
Energy crisis: Treasury reprimands Kwarteng after help for firms claim
Source close to Rishi Sunak accuses business secretary of ‘making up’ talks with chancellor about supportThe Treasury has issued an extraordinary reprimand to the business secretary, Kwasi Kwarteng, after he suggested he was consulting the chancellor, …
‘This is not democracy’: Tories accused of selling out to developers
Environmentalist and landowner Isabella Tree says that ‘troubling’ relationship with housebuilders calls the party’s environmental credentials into questionThe prominent role played by a large housebuilding company and Tory donor in last week’s Conserv…
Like it or not, with Nord Stream 2, Putin has a foot on the gas Europe badly needs
With Gazprom’s flagship pipeline poised to deliver energy under the Baltic, leaders have little choice but to do businessAfter years of debate in Germany and beyond, the Russian state-backed energy giant Gazprom confirmed last month that it had finish…
The deception that is ‘levelling up’ | Letters
Boris Johnson’s slogan is so much hot air: ordinary, working people are still paying for the financial crash of 2008Isn’t it time to call out the complete deception that is being peddled as “levelling up”? (“You can’t level up by raising taxes on the p…
With Fewer Chips, Automakers Are Prioritizing High-Markup Vehicles, Offering Fewer Deals
When automakers were forced to make fewer vehicles with the chips they had available, Business Insider reports that “Naturally, they chose to prioritize those models that had the highest demand and made them the most money.
“At the same time, the red…
Tories’ manifesto pledge to build 300,000 houses a year now ‘almost impossible’
Shortages of material, labour and drivers put the party’s mid-2020 target in serious jeopardy, say analystsBoris Johnson’s election pledge to build 300,000 new houses a year is in serious jeopardy in the face of labour and material shortages that are c…
Analysis: six squeezes on the UK economy from bills to shopping to petrol
Britain is short of 100,000 lorry drivers, energy firms are sinking, food items are running scarce and employers are scrambling for staff as multiple crises eruptMany of the problems facing the economy relate to Britain’s shortage of 100,000 lorry driv…
Jailed Saudi aid worker’s sister hits out at Newcastle takeover
Sentence of 20 years for alleged critic of regime was upheld a day after controversial football deal was sealedThe sister of a Saudi aid worker jailed for tweeting criticism of the regime has spoken of her shock and anger after the Saudi-led takeover o…
China is cutting its tech giants down to size. Should the west learn from this? | John Naughton
Xi Jinping has grasped a fundamental truth in his quest to win the technology race – that internet companies are all ultimately disposableThis is story of two parallel universes. Over in the western one, neoliberal capitalism rules. In the other – the …