“We would have liked to see a more rapid erosion of the large parties“, according to Podemos leader Pablo Iglesias, who described this day as “magical” and “historic“. Continue reading →
Six global banks, two them British, have just been fined £5.6bn in what the FBI has called ‘massive scale’ criminality, yet no individual executive has been prosecuted and no bank has been deprived of its licence to practise which would have happened in any other sector given such monumental wrongdoing. Indeed State regulators have gone out of their way to protect them from any such consequences. None of the charges in respect of any of the banks has been brought to trial so that the full scale and nature of these criminal activities will never be publicly disclosed. Two of the banks did not admit to any crimes related to this abuse, though they still paid up, but the other 4 who did were then given waivers shielding them from the consequences that would normally follow – the loss of the all-important banking licence. The banks have an armlock around the neck of the State. Continue reading →
National Executive Committee meetings, May 2015
Ann Black reports on two meetings which have taken place this month.
Special meeting 13 May 2015
This was a special meeting, called to agree procedures for choosing the next leader and deputy leader. The Chair Jim Kennedy welcomed Hilary Benn MP, who replaces Sadiq Khan, and Peter Willsman, returning to the constituency section after Kate Osamor’s election as MP for Edmonton. Rachael Maskell and Conor McGinn are also now MPs, and their positions on the NEC will be filled at annual conference. Continue reading →
It is not sufficient for big business to have secured an election victory and an overall Parliamentary majority for the Tory Party. It is also necessary to intervene in the Labour Party to ensure that its leadership also conforms to big business interests too.
This currently takes the form of candidates in the leadership contest being asked to declare that Labour ‘spent too much’ in the run-up into the Great Recession. Answering Yes to this question is effectively a loyalty oath to big business interests, a renunciation even of the social democratic vestige of economic policy under New Labour. Continue reading →
Osborne is telling another of his wheezing yarns which he’s much better at than solving real problems. His first yarn in 2010 was that he would eliminate the structural deficit by 2015; it turns out that it is currently £92bn. His next yarn today is that he will now eliminate it by 2017-8. Fat chance. His own figures tell an utterly different tale. Continue reading →
The aftermath of election defeat for Labour has been marked by the familiar combination of soul-searching and mutual recrimination. The remnants of New Labour bemoan the supposed failure to address the concerns of middle-of-the-road voters, and point to the lessons they believe should be drawn from Tony Blair’s three successive election victories.
Those who would prefer to disown the Blair legacy counter with the argument that Eds Miliband and Balls conceded too much to the Tories and did too little to establish their credentials with traditional Labour voters who accordingly failed to turn out in sufficient numbers. Continue reading →
The implications of the latest survey of the City of London’s culture are stunning. The study by University of Notre Dame and a law firm revealed that nearly a fifth of respondents believed that “financial service personnel must sometimes engage in unethical or illegal activity to be successful in the current financial environment”. It found that there had been a “marked decline” in ethics over the last 2 years and, most worryingly of all, that half the respondents regarded law enforcement and regulatory authorities as ineffective in detecting, investigating and prosecuting securities violations. Continue reading →
The TUC are today publishing vital polling information, which throws light on the areas where Labour needs to improve, if we are to win the next election. The polling was conducted by Greenberg Quinlan Rosner on behalf of the TUC, straight after the election. The findings are available as interactive graphs, allowing users to compare different subgroups and questions. TUC General Secretary Frances O’Grady said: Continue reading →