In the run-up to the government's 'emergency budget', the overwhelming political consensus, parroted each day by the BBC’s economic correspondents, is that ’balancing the budget’ and ’slashing the deficit’ is now a national priority.
Opinion is divided about how far the International Monetary Fund (IMF) has gone in its proposals for how to make the banks pay for the crisis, says Owen Tudor. For some, it has taken some unexpectedly radical steps forward, but for others it has not yet produced an adequate solution.
The government appears likely to miss its target of halving child poverty by 2010 by at least 600,000 children, according to figures given in yesterday's budget and highlighted by the Child Poverty Action Group (CPAG).
What do yesterday's announcements mean in terms of tackling the economic crisis, its main victims, and the climate change challenge? Here is my more or less immediate response to Alistair Darling’s final budget.
In August 2007, just as the impact of the sub-prime crisis in the US housing market was starting to be seen, but before the banking crisis, I did a Radio 4 Thought for the Day on the importance of co-operatives, and how they could have provided a better model for dealing with the turmoil.