Posts under ‘Economy’

Tory MPs have a nerve to attack the Bank of England

by Ann Pettifor.

When David Davies MP (not to be confused with cabinet member David Davis MP) tweeted “Mr Carney you are an unelected bank official. Theresa May has got every right to tell you how to do your job!” he was quite wrong. Bank of England officials are civil servants and are given a mandate by Britain’s elected government. […]

Corbyn is right: Migrants don’t drive down wages

by Tom O Leary.

In his recent speech to Labour Party conference Jeremy Corbyn said, “It isn’t migrants that drive down wages, it’s exploitative employers and the politicians who deregulate the labour market and rip up trade union rights.” This is excellent and entirely correct. It is probably the best statement ever made by a Labour leader on this […]

How leaving the single market will crash the economy

by Tom O Leary.

The British economy is extremely dependent on inflows of overseas capital. As a result, it is one of the last countries that should ever contemplate leaving the EU without a serious plan for reviving the economy with investment and trade. As we now know, no such plan exists, serious or otherwise. Instead the theme of […]

Why Theresa May is lying to you 

by Luke Davies.

In her party conference speech Theresa May promised to transform the Conservatives into the ‘party of the workers, the party of public servants, the party of the NHS’. She declared: ‘it’s time to remember the good that government can do’. Journalists on both right and left have been queuing up to announce a new era in […]

We must unite to end Tory austerity

by Steve Turner.

In recent years, “Economic credibility” has laughingly been defined as an economic policy that has delivered neither sustainable economic growth nor improved living standards for the overwhelming majority of people. Indeed, the Tories’ austerity has even failed on their own very narrow definition of success of reducing the debt to GDP ratio.

UNISON backs Corbyn

by Andrew Berry.

UNISON’s National Labour Link met Friday in Newcastle. This is a gathering of UNISON delegates that pay into the Labour Link that will decide the unions policy in the Labour Party. Whilst most of the packed agenda was already set weeks ago there was only really one topic on people’s minds, namely the prolonged coup. Members […]

Our understaffed underfunded NHS is the result of government ideology

by Diane Abbott.

Jeremy Hunt had few answers from the barrage of cross bench concern this week’s parliamentary debates on the NHS funding and the impact of Brexit on the NHS. When asked what he was doing to ensure that the NHS gets the £350million a week that it was promised during the Leave referendum campaign, the Secretary […]

John McDonnell on the leadership battle

by John McDonnell.

This talk was given by John McDonnell on Wednesday 29 June at a Stand Up for Labour event in the George IV pub in Chiswick, West London. The transcript has been lightly edited to account for the difference between spoken and written language but the content is unchanged.  Let me just tell you where we’re […]

We need a new agenda for a better and more constructive Europe

by Bryan Gould.

For over 45 years, and based on my early involvement with the issue in the Foreign Office, I have contested the issue of Britain’s membership of what was the Common Market and then grew into the EU, and I have always been on the losing side.  It could be argued that my own political career, […]

EC referendum: socialists should stay in and fight!

by Barry Ewart.

An excellent article in New Left Review a while back pointed out that the then Common Market was originally set up to counter the then perceived threat of the USSR, to promote capitalism in Europe, and to give Europe a greater say on the World Stage against the hegemony of the US. In fact it […]

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