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| My views on economic policy and the banking crisis. I'm campaigning with the Christian Socialist Movement on bank reform to separate risky banking from the banks which handle retail deposits. |
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| President Obama's bank plan is a good one and Britain should follow suit. |
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| While the Tories talk down Britain's economy, Labour has been steering the responsible course. |
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| Labour has got the politics and economics correct, but tough choices still lie ahead. Tribune, 18th December 2009 |
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| Initial reaction to the 2009 Pre Budget Report. |
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| The Archbishop promoted virtue but sometimes financial institutions can work against it. Guardian Comment is Free, 18th November 2009 |
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| The political conference season revealed a great deal about what the parties think about the financial crisis and the economy. Tribune, 23rd October 2009 |
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| Labour got it right while the Tories were wrong, so the economic fight must not be on their ground |
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| Banks must learn to embed a sense of the common good in their activities if they are not to be socially harmful. Guardian Comment is Free, 30th September 2009 |
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| Labour must grasp the nettle of separating banking activities |
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| Gordon Brown's G20 speech was bold – but we need to go further and separate risky banking activities from retail.
Guardian Comment is Free, 10th November 2009 |
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| News about large bank bonuses is shocking and it demonstrates that the banking system still needs reform. A progressive party such as Labour should be up to the task. Progress Online, 21st October 2009 |
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| The financial crisis we have just been through caused a sharp and deep recession. For the first time for a generation, the global economy itself shrank slightly. For tens of millions of people around the world that has meant unemployment. Compass Online, 19th October 2009 |
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| With stock markets reaching new highs and some banks recruiting again there is the distinct impression that things are going back to "business as usual". Guardian Comment is Free, 14th October 2009 |
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| If we cannot prevent another financial crisis, banks should pay the taxpayer an insurance premium. Progress Online 18 April 2008 |
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| What can we say, after Labour Conference week, on the financial crisis that has engulfed Northern Rock? What we saw on Friday, September 14 was an old-fashioned run on a British bank. |
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Time
Period |
Economic
Measure |
Annual
Change |
Consumer Prices
2005 = 100 |
Jan 10 |
112.4 |
+3.5 |
RPI
1987 = 100 |
Jan 10 |
217.9 |
+3.7 |
Unemployment
% adult workforce |
Dec 09 |
7.8% |
+1.4 |
UK Trade Balance
£billions |
Dec 09 |
-3.3bn |
Info |
Public Debt
% of GDP |
Jan 10 |
59.9% |
Info |
Public Borrowing
£billions |
Jan 10 |
4.3bn |
Info |
Info from the Office for National Statistics.
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