Tag: debt

The Establishment’s Revolving Door: the View from Portugal
In 2014, Arrow Global bought up £900m of UK student debt through its subsidiary Erudio. Big in Portugal, Arrow has been hoovering up the profits from the collapse of Banif bank. The minister who oversaw Banif's failed bailout is now a director for Arrow.
5 Threats to Post-2012 Student Debtors
Having shelved plans to sell off the student loan book in 2014, the government is continuing to fudge its uncosted £9k fee regime by returning to the possibility of retroactively changing the terms of student loan borrowing.
Osborne’s budget ‘surplus lock’ is a scam to encourage more borrowing from the City
George Osborne's proposed budget 'surplus lock' will commit future governments to running surpluses when the country is not in recession. Not only will it restrict future public spending, it will channel public money into City banks.
How Local Authority Debt is Draining Millions from Public Funds
Inspired by similar campaigns in Spain, Greece and the global south, Debt Resistance UK has delved into the finances of local government to show how the financial system is siphoning public money into private pockets.
4 Ways Generation Y is Being Taken for a Ride (and 3 Ways it’s Pushing Back)
Youth unemployment is sky-rocketing and Cameron is seeking to take away benefits from young people. Against this trend of declining living standards, students in the US are organising debt strikes and in the UK youth-led workers' co-operatives are multiplying.
“Money is a lie”: Bez and the morality of debt
If work if the religion of secular society then debt is its sin. For evidence look no further than early daytime television, and this telling exchange between a self-styled 'consumer champion' and the Happy Mondays' maracas man.
Debt>Debt>Debt: In Conversation with David Graeber
On this week's show Aaron Bastani is joined by David Graeber, author of Debt: the First 5,000 Years, as they discuss the concept of debt and its historic applications.