A new report from Credit Suisse has confirmed that the richest 1% of the population owns more than half of the world’s wealth and is grabbing an ever bigger share of the pie every day, all at our expense. Jonathan Lees of the Leicester Marxists looks at the growing economic inequality under capitalism and discusses the need for a revolutionary way forward.

British capitalism is clearly in a parlous state. The miserable spurt of growth of a few years ago has completely run out of steam, leaving the UK in a disastrous position. All the economic forecasts from the top institutions for the coming period have been downgraded from those of a year ago. Rob Sewell examines the ominous perspectives for the British economy.

The lack of any major announcements in this year’s Budget, delivered yesterday by the chancellor, Philip Hammond, reflects the insoluble web of contradictions that now entangle the Tory government. Adam Booth analyses the chancellor’s latest Budget statement and the impossible position facing May, Hammond, and the Tories as they seek to defend the broken capitalist system.