4 d. ago Who owns Britain? In large part, other countries – and that should set alarm bells ringing | Dhananjayan Sriskandarajah

This mass selling off of assets to foreign investors will lead to economic disaster. Labour needs to reset the UK’s courseIn 1994, I joined a march protesting against how the World Bank and the International Monetary Fund – backed by the US – were forcing governments in the global south to follow what was called the “Washington consensus”.We argued that privatising state assets, deregulating markets, and liberalising financial services to attract external investment was leaving countries more unstable, more unequal and more dependent on foreign actors. Decades on, I am horrified that an approach that wreaked havoc in the global south is still being pursued in the UK.Dhananjayan Sriskandarajah is the chief executive of the New Economics Foundation and author of Power to the People. He is a former chief executive of Oxfam GB and secretary general of Civicus, a global alliance of civil society organisations Continue reading...

Events

4 d. ago Britain is now following a developing country economic model – and we know where that leads | Dhananjayan Sriskandarajah

Selling off assets to foreign owners, deregulating markets, and liberalising financial services only leads to inequality and instabilityIn 1994, I joined a march protesting against how the World Bank and the International Monetary Fund – backed by the US – were forcing governments in the global south to follow what was called the “Washington consensus”.We argued that privatising state assets, deregulating markets, and liberalising financial services to attract external investment was leaving countries more unstable, more unequal and more dependent on foreign actors. Decades on, I am horrified that an approach that wreaked havoc in the global south is still being pursued in the UK.Dhananjayan Sriskandarajah is the chief executive of the New Economics Foundation and author of Power to the People. He is a former chief executive of Oxfam GB and secretary general of Civicus, a global alliance of civil society organisations Continue reading...

Economics

6 d. ago Heated words as councillors argue over South Ayrshire budget

There were strong words galore as councillors hit out at each party's budget proposals at Ayr County Buildings last week.

Politics

1 week ago Council Tax to rise by eight per cent in South Ayrshire as budget cuts revealed

Councillors were involved in heated debate this morning as they discussed the latest round of cuts.

Economics

2 w. ago North Ayrshire Council forced to bin brutal budget cuts after people power forces u

More than 4,000 submissions were received as part of the budget consultation exercise.

Politics

2 w. ago Martial law was Yoon Suk Yeol’s answer to ‘legislative dictatorship’, insurrection trial hears

Lawyers for impeached South Korean president who caused chaos argue that court has no jurisdiction to put him on trial for ‘act of governance’Lawyers for Yoon Suk Yeol have told a court in Seoul that the impeached president declared martial law in late 2024 to prevent the country becoming a “legislative dictatorship” controlled by his political opponents.The claim came as Yoon became the first South Korean president to stand trial in a criminal case, brought over his short-lived declaration of martial law in early December. Continue reading...

Politics