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…
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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…
Campaigners warn against IMF endorsement of Greece bailout
Commenting ahead of the meeting of the Eurogroup, Greece and IMF on Thursday 15 June, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “If it signs up to the…
Africa subsidises the rest of the world by over $40 billion in one year, according to new research
Much more wealth is leaving the world’s most impoverished continent than is entering it, according to new research into total financial flows into and out of Africa. The study finds…
Global debt crises and threats increase across the world
Twenty-seven countries across the world are in debt crisis, with a further 80 at risk of being so, according to new figures released for World Debt Day on 16 May.…
Global South debt payments increase almost 50% in two years
• Government external debt payments reach highest level in the last decade following commodity price falls and rising value of the US dollar • Figures released before US Federal Reserve…