Latest editorial
Ministers began reprivatising Lloyds yesterday, flogging off a £3.2 billion stake in the once failing bank.
Chancellor George Osborne hailed the sell-off as evidence that Britain was "turning the corner," but economists raised concerns that the banking sector was merely returning to the light-touch approach central to the severity of the financial crisis in the first place.
Investors snapped up the stock at 75p a share - just above the 73.6p average the Treasury paid in the £20.5bn bailout the bank at the height of the financial crisis.
Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills
The HS2 debacle exposes what happens when public infrastructure is handed to private contractors – especially when set against China’s state-led high-speed rail success, says CARLOS MARTINEZ
Behind the cute names of Scotland’s road gritters lies a workforce underpaid and overlooked – a fitting reflection of a Budget that protected profits, bungled its rollout and offered hardly a glimmer of hope, writes MATT KERR