There have been penalties for those who looked the other way when Epstein was convicted of child sex offences and decided to maintain relationships with the financier — but not for the British ambassador to Washington, reveals SOLOMON HUGHES
A new public banking ecosystem
Acting CWU regional secretary in Scotland CRAIG ANDERSON explains the need for change to our privately dominated banking system
Labour’s new Treasury unit will ‘challenge unnecessary regulation’ by forcing nominally independent bodies like Ofwat to bend to business demands — exactly what Iain Anderson’s corporate clients wanted, writes SOLOMON HUGHES
DR DYLAN MURPHY looks at a Big Brother Watch report which exposes the government as an enabler of DWP secret spying on benefit claimants
The EU faces a critical choice: will it remain in the shadow of an increasingly unreliable US ally, or will it forge its own path in a multilateral world where co-operation with China is essential, asks MARC VANDEPITTE as leaders meet for the EU-China Summit
A lot of discussion about how the left should currently organise – including debate on whether the Green Party is a useful vehicle for advance – runs the risk of refusing to engage with or learn from the reasons the left was defeated previously, argues KEVIN OVENDEN
For Egypt trade trumps the Israeli genocide of the Palestinians, but how long can the country’s ‘misleaders’ – and others in the region – continue their indifference against the popular will of their own people, asks ROGER McKENZIE
BRITAIN has one of the largest, least diverse, most complex and interconnected financial systems of the advanced economies.
In contrast to many other countries, the banking sector in Britain is dominated by a handful of large, shareholder-owned universal banks, whose main aim is to maximise shareholder return.
Britain is also unusual in that it lacks a significant local or regional banking presence — the market is overwhelmingly dominated by national and often internationally orientated banks.
These features contribute towards a number of social and economic problems.
More from this author
As Reform UK threatens to capitalise on public anger, our Establishment politicians simply refuse to acknowledge their role in creating the very alienation that gives succour to Farage, writes CRAIG ANDERSON
The Scottish Labour conference this weekend will be the last call to save the party from electoral ignominy in 2026, argues CRAIG ANDERSON
The fight to protect the very principles of the USO goes beyond postal workers alone, argues CRAIG ANDERSON
An alternative economic model run by and for local communities has already gained a foothold in some areas of Scotland — now we need the Community Wealth Building project to spread, writes CRAIG ANDERSON
