There are two stories about austerity in the news this morning. First, NSPCC Scotland and Barnardo’s have published new research on the impact of austerity on families, looking at what’s changed since it last studied this issue in 2013. The report finds that poverty remains the core issue, but that there has been a marked increase in […]

Big in Japan: Why high public debt is not so scary



Do you know about the Covid Corporate Financing Facility? Well, don’t beat yourself up if the answer’s ‘no’, very few do. You’ll find it scarcely reported in today’s papers. In fact, the Bank of England at first wanted no one to know about it – they sought to give out public money to corporations in […]

The corporate bailout you’ve never heard of