The question is not simply how much we spend on defence, but what we understand defence and security to mean, says SIMON BRIGNELL
Interest rate hike risks financial crisis
The Bank of England has been swinging its interest rate bludgeon for the last year, and the wreckage is starting to pile up, warns JAMES MEADWAY
The Bank of England
Given the recent rejection of peace proposals by Israel the world must provide an immediate and resolute response to force accountability on Gaza, argues RAMZY BAROUD
MARK SEDDON tries to cool off in the countryside to avoid the heatwaves but the greed and incompetence of the privatised water industry is now at boiling point
The disputed election of a far-right president, who is also a US citizen, signals further consolidation of Washington’s regional power and represents a threat to the country’s democracy and sovereignty, writes WT WHITNEY JNR
by Her Excellency Ismara Mercedes Vargas Walter, Ambassador of the Republic of Cuba to the United Kingdom
DR STEPHEN WILKINSON assesses the life and legacy of a revolutionary giant
THE Bank of England’s raising of interest rates this week was a poor decision that will do little to nothing to restrain price rises, adds to the financial burdens on households and small businesses and increases the joint risks of recession and financial crisis.
But it’s not all bad news: new figures from Unite the Union show that the four largest banks’ profits are up £7bn since the start of the pandemic, as rising Bank of England interest rates have been turned into higher borrowing costs for households and businesses — while, naturally, savings rates have barely moved.
Sarcasm aside, the best that can be said for the rates rise, with two dissenting members of the rate-setting Monetary Policy Committee voting to keep rates the same, is that the bank is less likely to repeat this madness in future.
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