Skip to main content
Should We Abolish Household Debts? by Johnna Montgomerie
Johnna Montgomerie argues that abolishing household debt is an economic necessity in the age of austerity

FOR more than a decade most people have become worse off due to the financial crisis-inspired economic downturn and its austerity aftermath.

Our political and economic future has been made reliant on having to pay for bailing out the banking sector from its self-inflicted collapse in 2008 and continuing to fund the mind-boggling amounts of money that finance it to this day.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
DREADFUL BEGINNINGS: At the time Labour minister for defence procurement and industry, Maria Eagle opens Rolls-Royce Submarines office in Glasgow which will deliver the Dreadnought and AUKUS programmes, November 2024
Nukes / 20 June 2026
20 June 2026

Expanding Britain’s nuclear capability increases the risk of nuclear confrontation. It does not keep us safe – it makes us a target, argues CAROL TURNER

A Typhoon FGR4 at RAF Akrotiri in Cyprus, March 27, 2026
Features / 22 April 2026
22 April 2026

While politicians fixate on defence budgets, the real answers lie in peace-building and economic justice, says ALAN SIMPSON

Ash Regan MSP
Voices of Scotland / 23 December 2025
23 December 2025

As Ash Regan’s Unbuyable Bill sparks debate in Scotland, the real issue remains unaddressed: a digitalised sex industry and a neoliberal economy that repackages exploitation as empowerment while leaving women’s material conditions unchanged, argues LAUREN HARPER

CRINGING SERVILITY: Sir Keir Starmer picks up UK US trade deal papers dropped by Donald Trump at the G7 summit in Kananaskis, Alberta, Canada, June 16 2025
Features / 5 July 2025
5 July 2025

Under current policy, welfare cuts are just a small downpayment on future austerity, argues MICHAEL BURKE