Economy- Page 5

Dave Murray, Socialist Party England and Wales, reviews the new "It's time to take over the banks" FBU pamphlet by Michael Roberts and Mick Brooks. Introduction by Matt Wrack, general secretary, FBU. Available online at www.fbu.org.uk

In the midst of talk about Ireland’s exit from the Troika programme and recovery supposedly in sight, the mortgage crisis affecting hundreds of thousands of ordinary people is being deliberately understated.

For years now workers have been told by right-wing politicians and economists that we need to tighten our belts whilst waxing lyrically about “green shoots of recovery”.

Recent Central Bank figures on mortgage arrears reveal an enormous crisis brewing. With all of the focus on the hundreds of austerity measures this government are implementing, the relentless rise in mortgage arrears numbers has, so far, not gotten the attention it

The Socialist Party’s budget statement can be read and downloaded here. Or to download it as a PDF, click here.

Introduction The crisis faced by working people, the unemployed, students and pensioners in Ireland is a crisis of capitalism. While the crash in Ireland has had its own special features related to the property bubble and an historic over reliance on Foreign

The tragic death by suicide of former Priory Hall resident Fiachra Daly has put the exploding mortgage crisis centre stage. The brave decision by his partner Stephanie Meehan go public at this difficult time for her family has put the human face

Despite government spin there is no momentum behind economic growth – austerity is failing working people. The CSO this week released the latest live register figures that showed a marginal drop in unemployment.

World financial markets have been rocked again in recent days. First came the US Fed’s announcement last Wednesday (19 June) that it could start to unwind its cheap credit policy of ‘quantitative easing’ by year-end. The following day financial markets were stunned

The one section of the the establishment which has so far escaped scot-free are the auditing firms, in particular the “Big 4”, KPMG, PWC, Ernst & Young and Deloitte. These firms gave a clean bill of health to the banks as late