Latest editorial
Ministers began reprivatising Lloyds yesterday, flogging off a £3.2 billion stake in the once failing bank.
Chancellor George Osborne hailed the sell-off as evidence that Britain was "turning the corner," but economists raised concerns that the banking sector was merely returning to the light-touch approach central to the severity of the financial crisis in the first place.
Investors snapped up the stock at 75p a share - just above the 73.6p average the Treasury paid in the £20.5bn bailout the bank at the height of the financial crisis.
The HS2 debacle exposes what happens when public infrastructure is handed to private contractors – especially when set against China’s state-led high-speed rail success, says CARLOS MARTINEZ
Behind the cute names of Scotland’s road gritters lies a workforce underpaid and overlooked – a fitting reflection of a Budget that protected profits, bungled its rollout and offered hardly a glimmer of hope, writes MATT KERR
Our housing crisis isn’t an accident – it’s class war, trapping millions in poverty while landlords and billionaires profit. To solve it, we need comprehensive transformation, not mere tokenistic reform, writes BECK ROBERTSON
Our two-tear Chancellor’s woes at PMQs caused a multimillion-pound sinking feeling on the bond market, writes ANDREW MURRAY