Posts under ‘Economy’

Britain is the only G7 country where inequality has got worse this century

by Michael Meacher.

The amount of UK wealth controlled by the richest 10% in the population increased to 54.1% this year, a rise from 51.5% in 2000, according to the annual Credit Suisse global wealth report. Most of this rise has actually occurred since the financial crash since in 2007 their share of wealth was 52%. They have […]

Labour should make inhumanity of Tories a key electoral issue

by Michael Meacher.

The Tory government’s decision to withdraw from the search and rescue missions in the Mediterranean where tens of thousands of refugees are fleeing their war-savaged homelands is an act of pitiless inhumanity. Already this year alone some 25,000 people have arrived in Italy, and similar numbers from Eritrea, with thousands more from Iraq, Nigeria and […]

France’s ‘rigid’ labour market: Manuel Valls should get his facts right

by Tom Gill.

The French Prime Minister has revived the idea that the French labour market is overly protective of permanent employees. However, international comparisons show that this is not the case, argues Duval Guillaume The functioning of the labour market is not satisfactory because it is not creating enough jobs, it generates significant inequalities between highly protected employees […]

People need hope, not more of the Tory austerity fairytale

by Michael Meacher.

Ha-Joon Chang in the Guardian is right that “the country is in desperate need of a counter narrative” to the Tory story on the economy. I believe it should go like this. First, Labour did not leave behind an economic mess; the bankers did. Labour was not profligate: the biggest Labour deficit in the pre-crash years was […]

The great high speed white elephant

by Phil Burton-Cartledge.

High Speed Rail 2 is a massive white elephant, a £50bn boondoggle of a project as out of time as it is over priced. Yet, despite this I am a little sore that the bid Stoke-on-Trent put forward for a station got dismissed out of hand. Were it on the basis of a competition in […]

Jerry Hicks complaint against Unite thrown out

by Jon Lansman.

Far left challenger to Len McCluskey in last year’s election for Unite general Secretary, Jerry Hicks, has lost his formal legal challenge to the Government’s Certification Officer. Having lost by144,570 votes to 79,819 in spite of backing from sections of the Right and every disgruntled member, his objection has finally been thrown out after a year […]

We need more public ownership, but it must be democratic & decentralised

by Michael Meacher.

Almost every day brings fresh demands for public ownership, whether over energy infrastructure or transport (rail and water systems), banking, housing, pensions, let alone reversal of privatisation and outsourcing in health and education. That is certainly needed, but not a reversion to the Morrisonian brand of State corporatism. Instead it needs to be democratic and […]

Labour must outflank the SNP from the Left

by Neil Findlay.

This article was written prior to the resignation of Johann Lamont and is reposted here because it is a clear political statement by someone who many on the Left in Scotland would like to see as the next leader of Scottish Labour, and covers the same ground as Neil’s speech to the Campaign for Socialism conference […]

Is the EU Commission on the side of Farage?

by Michael Meacher.

It is difficult to believe that some senior members of the EU Commission are not secret Ukippers. To demand that Britain hands over more than €2bn because its economy is doing relatively well compared with the rest of the Eurozone, which is doing appallingly badly, is beyond satire. The idea that Germany, where the Merkel […]

As Lamont resigns, only the independent voice of Scottish Labour can win

by Jon Lansman.

Johann Lamont’s resignation this morning opens up the possibility of a new future which Scottish Labour desperately needs. Its ver survival is at stake. It is an opportunity to declare the independence of Scottish Labour from Westminster, which it must do if it can again lead the Scottish people to a future that is in […]

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