Posts under ‘Economy’

Greek myths retold: confronting the ideologues of austerity

by Michael Burke.

The world economy is not strong and the President of the United States is sufficiently concerned about new shocks to it that he recently met the Greek Finance Minister to urge ‘flexibility on all sides’ in the negotiations between the Syriza-led government and its creditors. US concern is fully justified. In any attempt to reach agreement it […]

There are 3 ways to cut the deficit – why has Labour chosen the wrong one?

by Michael Meacher.

The budget deficit, which has been far more central to this election campaign than it should have been, can be dealt with in three separate ways. It can be reduced by cutting net expenditure either by taxing the poor or by taxing the rich, or it can be reduced by cutting unemployment (the ‘automatic stabilisers’ […]

Corporate capture of the Co-op – and how you can stop it

by Peter Willsman.

When Sir Graham Melmoth raises concerns about what is going on at the Co-operative Group – as he did recently in the Guardian – then it is worth listening. Graham Melmoth was a highly successful Chief Executive of the Group and is the man who saved the Co-op from de-mutualisation. He is just one of […]

Why doesn’t Labour lambast the Tories on their weakest point – the economy?

by Michael Meacher.

It is strange that Labour hasn’t launched a full frontal attack on the Tory handling of the economy over the last 5 years, because it’s been deplorable. The only points the Tories make in defence of their own management are growth and jobs. But look at the record. Osborne’s bizarre idea that contracting the economy […]

A manifesto of good reads

by Mark Perryman.

Mark Perryman of Philosophy Football selects his reading for the 2015 General Election Campaign The much-missed indie band, well by some of us of a certain age, Sultans of Ping, had a great line in one of their barnstormer numbers “I like your manifesto, put it to the test ’tho.” We are told in all seriousness […]

Even the Tories’ naked bribery has now gone pear-shaped

by Michael Meacher.

There is a very noticeable difference between the way that the Tories and Labour have conducted this election. The Tories have used the twin-prong approach: personal vilification which has proved counter-productive and now blatant giveaways (of other people’s money) to try to produce a false feel-good factor. However, no serious policy proposals for the country’s increasingly […]

Re-engaging with the alienated “untouchables”

by Michael Meacher.

The Labour campaign continues to make good progress whilst the Tories lurch from one failed artifice after another, and Ed Miliband is increasingly taking command with growing confidence. The election has nevertheless drawn attention to a disturbing penumbra of alienation from the whole process. In poor white working class areas the number of households who […]

Britain’s pay: from £28m 8 weeks into a job to £0 a week on zero hours contracts

by Michael Meacher.

Some of Ed Miliband’s most popular announcements have been his pledge to abolish non-dom status and to hunt down aggressive tax abusers , not only making them pay up what is owed, but also a fine of an equal amount on top. He would be even more popular if he found a formula to deal […]

The central issue of this election is a mystery wrapped in an enigma

by Michael Meacher.

The key issue of this election,behind all the superficial flashy giveaways, is paying off the deficit. It still stands this year at £92bn when Osborne pledged in 2010 it would be £37bn or below – a discrepancy of £55bn, not exactly a minor slippage. So how exactly, after 5 years in which Osborne has tried […]

Dave Ward to replace Billy Hayes as Communications Union leader

by Jon Lansman.

Dave Ward who has been the deputy general secretary (postal) of the Communication Workers Union (CWU) since 2003 was this afternoon declared elected as general secretary to replace Billy Hayes who has held the post since 2001 and was standing for a fourth term. CWU is the biggest trade union in the communications sector with 200,000 members […]

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