Jean Shaoul describes the increasingly serious impact the financial crisis is having on the British economy and the living conditions of working people.

The balloon of irresponsible debt on which globalisation floated started to burst in August 2007. A year on from "debtonation day", Ann Pettifor surveys the wreckage, pinpoints the culprits, and outlines the solutions.

New Labour's debts are beginning to worry senior figures in the party. The Independent Working Class Association looks at one considered response, characteristically taken from the world of business.

_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 those with no savings sink further into debt, the collapse in the number of housing transactions has implications not just for the property industry but the whole economy argues _Barry Mason_.

Ten years after landmark anti-debt protests at the G8, _Nick Dearden_ explains why the fight must go on.

The _International Students for Social Equality_ suggests that the government's encouragement of “marketisation” in higher education has led to rising student debt and reductions in teaching quality.

Instead of relying on the border police, the EU should assess the effects of its own policies on the poor, migrant-sending countries. Unless the policies that perpetuate the conditions for poverty and injustice are changed, the reasons for migration will remain. Susan George reports.

Corporate Watch interviews Ross Baptie about the causes and implications of the subprime mortgage crisis in the US, and investigates the connection with the crumbling of Northern Rock.