The country’s new prime minister, Andy Burnham, has promised a break from the politics of the last 40 years—realizing more broadly that Labour must stand up for the 99% against big business, or the party will become irrelevant.
U.K. debt crisis
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Austerity-Driven U.K. Has Found Itself In the Middle of a Debt Crisis
With 8.3 million people in the U.K. struggling in debt, the Bank of England on Monday announced that consumer debt may soon cost British banks £30 billion if unemployment, underemployment and inflation continue to rise at the current rate.
