Posts under ‘Economy’

Things Labour needs to do to beat UKIP #2: raise pay and cap the cost of living

by Jon Lansman.

Whilst Ed Balls stuck stubbornly to accepting that the economy was now growing rather than “flatlining“, with his disastrous conclusion that you couldn’t fund spending by borrowing in the up-swing, Ed Miliband was absolutely right last year to focus on the cost of living. “The first and last test of economic policy is whether living standards for […]

Labour needs a shadow Minister specifically to tackle inequality

by Michael Meacher.

The gravy train rolls on reaching ever more sickening heights of greed, selfish gratification and disregard for the ever deeper miasma of poverty that disfigures our country. The latest figures show that the richest 10% of the UK population, who already owned 52% of UK wealth just before the 2008 crash, have become significantly richer […]

Tenants excluded as social housing flogged off in billionaire investor bazaars

by Michael Meacher.

MIPIM is the name of the sales fair to flog off Britain. This is the latest extravaganza of market fundamentalism which is now sweeping Britain. It is being pitched at this moment is a huge hall in London which brings together property developers, billionaire investors from all over the world and, incongruously, local council officials […]

Why Britain needs a pay rise

by Mike Hedges.

Tomorrow the TUC demonstration will be highlighting why Britain needs a pay rise. The extent to which people’s living standards have dropped is greater than ever before. I was shocked when a Unite bus driver told me how every month his wife’s parents have to give them £200 to be able to pay their rent and […]

What Tories really think of the minimum wage

by Grahame Morris.

David Cameron’s welfare minister has advocated treating those most in need differently by paying them below the national minimum wage. Lord David Freud, talking amongst friends at Conservative Party Conference, said he thought there was “a group” of disabled people who are “not worth the full wage”. Lord Freud is not the only Conservative seeking to […]

‘Secular stagnation’ is the outcome of deliberate policy — it can (still) be reversed

by Ann Pettifor.

Martin Wolf in the FT today strikes a  different direction from those secular stagnaters shepherded by Larry Summers towards the cliff-edge of endless doom. Larry Summers devised and popularised the term, “secular stagnation”. He has a lot to answer for. His misjudgements, poor advice to the Obama administration, and flawed analysis have been catastrophic for the global […]

Osborne’s own policies shrink tax revenues, yet he cuts more to compensate

by Michael Meacher.

There are now unmistakeable signs that Osborne’s so-called economic recovery is fading, despite all the right-wing think tanks and pro-Tory media to talk it up. A survey of 7,000 businesses by the British Chambers of Commerce has just found that manufacturers have suffered a sharp slowdown in export orders, and even more significantly domestic sales […]

Consumer inflation may be low, but asset inflation is high and real wages keep falling

by Jeremy Smith.

The latest UK annual CPI inflation statistics, for August 2014, were published yesterday by the Office for National Statistics.  They show annual inflation down to 1.2%. The last time the annual rate was below this was in September 2009, in the depth of the recession, when it fell to 1.1%.  Assuming that the present lower CPI […]

Self-employed to be removed from Health & Safety at Work protection

by Michael Meacher.

Next week the government is intending to push through legislation which will remove the cover which self-employed people have always received over the last 40 years since the passing of the Health & Safety at Work Act. Section 3 of this act currently places a duty on all employers and self-employed people to ensure, as […]

Ebola a much-needed wake up call for the West

by Michael Meacher.

The President of the World Bank, Jim Kim, got it right when he said last night of the international community: It’s late, really late… We were tested by Ebola and we failed. We failed miserably in our response… Every developed country should be prepared to send trained medical staff to West Africa… We don’t need […]

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