Ann Pettifor

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Interview with New Zealand’s Biggest Business Website – STUFF

On the 15th April, this year, I visited New Zealand at the invitation of the Institute of Directors, to address 600 CEOs at their annual meeting. This is an interview given to the journalist Rob Stock in which he asked about the possibility of another financial crisis. “Ann Pettifor predicted the global financial crisis, and …

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Why the left must lead the nation away from Brexit

Britain is led today by deeply divided political parties. Our leaders have many policies, but no inspiring vision for Britain’s future – either within, or outside the EU. As President Roosevelt once famously said: “where there is no vision, the people perish”. The peoples of the European Union do have a vision – the pursuit …

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Will Workers Get A Pay Rise in 2018?

The Financial Times questioned economists for its annual publication of economic forecasts: “With unemployment at a 40-year low, how much of a pay rise will British workers get in 2018?” (See here: https://www.ft.com/content/98ce5e72-ebd9-11e7-bd17-521324c81e23)  PRIME economists responded thus: The fall in real wages while employment has fallen and employment has risen is a consequence of sustained hyper-globalisation …

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Interview with ‘The Actuary ‘- Journal of the Institute of Actuaries: “Prophet and Loss”

“The “nature of money” is the most important factor, Pettifor says. She believes that the common view of banks is that they act as intermediaries between patient savers and impatient borrowers, but “banks haven’t done that since 1694,” she says. If this were the case, she adds, then “we wouldn’t have a massive expansion of …

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The Economic Crash, 10 Years on from the Credit Crunch 2007

  The following article appeared in Red Pepper magazine on 08 August, 2017 I know exactly where I was on 9 August 2007. A hot summer’s day – ‘debtonation day’. Bankers all over the world had lost their collective nerve and refused to lend to each other. The globally synchronised financial system froze, and began …

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Money and the Government: Everything You Need to Know But Were Afraid to Ask

The following is an interview with Maya Singer of Vogue magazine, USA, based on my new book, The Production of Money. I was delighted to appear in a publication (or at least on a website) read mainly by  young women…. MARCH 2, 2017 7:00 PMby MAYA SINGER What is money? That might seem like the …

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Weak political leadership got us into this Brexit mess, weak economic leadership will leave us in it

It will take Big Money to steer Britain through this rocky period. Instead, Chancellor Hammond has promised to continue slashing the very departmental expenditure essential to smooth the path. We must conclude that he does not wish to invest in a safe Brexit at all. We live in perilous times. The demand by millions of people …

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Can Carney do more to stabilise Brexit Britain? Bloomberg TV

Ann Pettifor spoke on a Bloomberg TV panel with Gerard Lyons, Ambassador Paquale Terracciano and host Francine Lacqua on The Pulse.  The U.K. services industry recorded a decent expansion in the first month after Brexit, all but scrubbing the chances of the U.K. economy contracting in the third quarter. The data make it more likely that that …

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Statement from members of Labour’s Economic Advisory Commitee

In September 2015, we were pleased to accept the invitation to serve on an Economic Advisory Council (EAC).  We felt strongly that it represented an opportunity to develop a vision of a progressive economic policy for Britain that departed from the destructive austerity narrative. Our collective view is that the EAC, and its various policy …

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