An astounding 80,000 jobs were axed in Britain, Europe and the US in just one day on Monday.

The harsh reality of the chaos of the market is now hitting workers across all sectors and industries.

The list of Monday’s job losses makes stark reading.

Caterpillar, the world’s largest maker of construction equipment, said it would cut 20,000 jobs. Sprint Nextel, the US mobile-phone operator, announced 8,000 jobs are to go.

DIY retailer Home Depot is cutting 7,000 jobs and freezing salaries.

As unemployment bites and banks refuse credit to the most vulnerable, our high streets are increasingly playing host to a new breed of vulture – the moneyshops. Sadie Robinson looks at what is driving their success

The recession in Britain is deepening and ordinary people are paying the price – with hundreds more losing their jobs every day. But not everyone is suffering. For some the economic crisis represents a huge opportunity to make a cheap buck from other people’s misery.

by Chris Bambery

Gordon Brown’s bailout for the banks reflects a growing sense of panic among the ruling class as the economic crisis deepens.

And no wonder they are panicked – as all the signs are that the crisis looks set to get much, much worse.

More banks are facing fresh troubles as both the scale of their losses is revealed and they continue to grow.

No more public money without public control

As economic recession tears into Britain, millions of us spend our nights fearing for the future. More than half of all workers are worried that they might be on the dole by the end of the year.

Despite this, Gordon Brown has made it clear that working people are not his priority.

The government will not be offering us any chances to have our debts cleared. Instead it is the bankers who are again to benefit from Brown’s charity.

This week the government offered guarantees of up to £200 billion to lenders who think their debts will not be repaid.