
The case for cancelling household debt
A household debt cancellation fund would be endowed with the same amount offered to bail out the banks 10 years ago.
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Secretariat
Guest Authors
A household debt cancellation fund would be endowed with the same amount offered to bail out the banks 10 years ago.
Instead of the dysfunctional, budget balancing obsession, the Chancellor should do the opposite – use fiscal policy to minimise the instability of the economy.
If we accept private inherited wealth – ‘something for nothing’ – then we should accept the principle of ‘social dividends’ on inherited public wealth, created by many past generations.
We already have a National Health Service and free public education – what if we extended the same ethos to housing, transport, information access and food?
Dr Johnna Montgomerie, Prof John Weeks and Ann Pettifor introduce PEF’s new project, 100 Policies to End Austerity.
Does it matter if Mark Carney stays or goes? Ann Pettifor writes on central banker groupthink around financial globalisation.
This week, the government and press celebrate a ‘record budget surplus’ – revealing a dire misunderstanding of the aims and workings of fiscal policy.
“The periodic interest rate announcements so avidly reported by the media obscure and may even undermine the serious work that the Bank of England should be doing.”
The Financial Times reported positively on August’s employment statistics – but a deeper look into the data reveals some strange trends.
Despite record rates of unemployment, wage growth has slowed and underemployment remains high – workers are ultimately bearing the cost of labour market power imbalances and underinvestment.
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