Paul Volcker, US Fed chief under Carter and Reagan, dies at 92

Central bank boss went on to lead response to 2008 financial crisis under President ObamaVolcker should be known as most influential central bankerPaul Volcker, the former US central bank chief renowned for taming rampant inflation after the oil price …

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Former Barclays executive tells jury he was ‘close’ to Qatar PM

Roger Jenkins gives evidence for first time in criminal trial over actions in financial crisis A former Barclays executive told a jury he developed a “close” relationship with Qatar’s prime minister in 2008, just months before the lender and Gulf state…

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Why is UK unemployment still low? We are working longer hours

Pay hasn’t recovered from the 2008 crisis so staff work longer to fill the gap, boosting labour supply and limiting wage risesTurn the clock back a decade. The economy is just about to emerge from its worst recession in living memory. Since the start o…

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Why is UK unemployment still low? We are working longer hours

Pay hasn’t recovered from the 2008 crisis so staff work longer to fill the gap, boosting labour supply and limiting wage risesTurn the clock back a decade. The economy is just about to emerge from its worst recession in living memory. Since the start o…

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How big tech is dragging us towards the next financial crash

Like the big banks, big tech uses its lobbying muscle to avoid regulation, and thinks it should play by different rules. And like the banks, it could be about to wreak financial havoc on us all. By Rana Foroohar‘In every major economic downturn in US h…

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TUC: household debt for average family now more than £14,000

Median wages still languishing £20 a week below pre-financial crash levels, according to ONSHousehold debt soared by a third to record levels in the past decade as workers struggled to cope with the impact of a prolonged squeeze on wages, a new report …

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Ignoring the lessons of the financial crash | Letters

Mistakes that led to the 2008 financial crisis are about to be repeated, fears Milan Bollecker, while David Reed is worried by the economic impact of soaring property pricesHistory never repeats itself but, according to the IMF, it might this time (Red…

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World sleepwalking to another financial crisis, says Mervyn King

We should not pretend banking system is safe, says former Bank of England governor Larry Elliott: The global economy needs to change fastThe world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for…

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