Peter Oborne says that Robert Peston’s new book brilliantly shows how New Labour, hand-in-hand with a rapacious capitalist class, have created the conditions for our present crisis.

As reverberations from the stricken mortgage market reach the real economy, Robin Blackburn reveals the origins of the crunch in the shadowy realms of financialization. Precedents from the bubbles and crash of the 1920s, warnings from pioneers and venture capitalists, and proposals for how to turn the crisis to socially redistributive effect.

With the IMF and OECD warning that the US economy is in recession,_Chris Marsden_considers the likely impact of this upon the UK- where the total unsecured debt is more than the rest of the European Union put together..

Free-market thinking is on the rocks as banks and building societies withdraw services and turn away new customers writes Chris Marsden.