The annual commemoration of anti-fascist volunteers who fought fascism in Spain now includes a key contribution from Italian comrades
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Covid-19 crisis creates a compelling case to cancel local authority debt
Cancellation of councils’ debts would free up desperately needed resources amid this unprecedented pandemic, says MARTIN WICKS
The Islamic Republic’s suddenly weakened regional position exposes the nation to grave threats from US imperialism
DONG XUE explains why US tariffs hold no significant threat to China
ANSELM ELDERGILL asks whether artificial intelligence may decide legal cases in the future, in place of human judges, and how AI could reshape the legal landscape
Like pieces on a chess board, centrist parties lose ground as they accommodate rather than challenge far-right agendas — socialists must play things better, warns MATT KERR
Yanis Varoufakis and Jeremy Corbyn laid out a roadmap for peace, justice and equality as they celebrated the legacy of inspirational socialist Tony Benn, reports LINDA PENTZ GUNTER
The NEU’s annual conference promises heated debate, with motions on international politics, curriculum reform and union amalgamation likely to provoke strong reactions and challenge the status quo, writes Education for Tomorrow editor ROBERT POOLE
TAKING on more debt is not the only way to create spending power. Debt cancellation, for instance the debt owed by local authorities to the Public Works Loans Board (PWLB), would provide a huge increase in spending power because they would no longer have to repay loans or interest charges.
Last year local authorities paid around £4.5 billion to the PWLB in loan repayments and interest charges.
Overall, local authorities have around £77bn in debt held with the PWLB.
More from this author
Above-inflation rent increases will push council tenants deeper into poverty while failing to address the housing crisis — and it won’t really raise any money, as council rent arrears are doubling across the country, argues MARTIN WICKS
Labour’s about to shift cost of new housing onto tenants, writes MARTIN WICKS arguing instead for cancelling the councils' HRA debt
MARTIN WICKS argues that the government’s reduced discounts for council house purchases don’t go far enough, and we need to be calling for the complete abolition of this regressive Thatcherite policy
It’s high time for England to follow Scotland and Wales in ending the privatisation of collectively owned housing. MARTIN WICKS explains why
