New figures show debt crises are growing across the globe
Jubilee Debt Campaign analysis shows 31 countries now in debt crisis, up from 27 in 2017 and 22 in 2015 A further 82 are at risk of a debt crisis…
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EU Court of Auditors criticism “should be final nail in coffin of PPPs”
The EU Court of Auditors have released a report today which says that “EU co-financed Public Private Partnerships (PPPs) cannot be regarded as an economically viable option for delivering public…
100 UK MPs criticise Mozambique secret lenders ahead of debt talks in London
100 MPs sign motion which expresses concern about secret loans and calls for new transparency measures Mozambique government meeting creditors in London on 20 March On 20 March the Mozambique…
Developing country debt payments increase by 60% in three years
• Government external debt payments reach highest level since 2004 following lending boom and commodity price falls in recent years • Figures released before US Federal Reserve meeting where further…
Press release: call for a household debt jubilee
Anti-poverty campaigners will today (Tuesday 6th March) call on the Government, the Bank of England and the Financial Conduct Authority (FCA) to instigate a Household Debt Jubilee in order to…
10 key facts which show the truth about the UK’s debt crisis
• Amount of interest being paid on government debt is at virtually the lowest level since records began • But the UK economy has the highest deficit with the rest…
Welcome for Labour Private Finance Initiative announcement
Reacting to John McDonnell’s announcement that the Labour party will bring existing PFI contracts back in-house, and that the Labour party will “End the UK government’s financial and advisory support…
Liam Fox visits Mozambique: Calls for UK to take responsibility for role in debt crisis
The UK Secretary of State for International Trade Liam Fox is visiting Mozambique this week. The country is in a debt crisis after Mozambican officials borrowed $2 billion from the…
UK government promotes rip-off health PFI schemes abroad which it disowns at home
Liam Fox, Jeremy Hunt, Boris Johnson and Priti Patel have all criticised the costs of PFI schemes in the UK, yet their departments are all actively promoting similar schemes in…
Mozambican civil society challenges legality of “odious” loans
The Mozambique Budget Monitoring Forum has lodged a petition with the country’s Constitutional Council challenging the legality of the $850 million secret loan arranged by Credit Suisse to the Mozambican…