Posts under ‘Economy’

Inversion of the Money Snatchers (video)

by Jon Lansman.

American political comedian, Jon Stewart, of the Daily Show takes apart corporate tax dodgers. In the US, the widely used loophole for would-be corporate tax dodgers is know as “inversion” meaning to re-incorporate abroad and avoid U.S. taxes. Enjoy…. (Hat-tip: Richard Murphy)

An inquiry into the banks at last. Great – or is it?

by Michael Meacher.

A new official inquiry into the banks is announced just when Osborne announces that the banking crisis is finally over. In fact it’s still coming to the boil – how does he manage to keep on coming up with these gags? Just 6 years late, you might think. But that’s the least problem. The real issue is […]

TTIP could privatise our education system, permanently

by James Elliott.

Over the last year the student movement has seen something of a comeback from the low ebbs of 2012 and early 2013, with new waves of occupations, landmark campaigns such as Occupy Sussex, the inspirational militancy of the 3Cosas cleaners, and a renewed conflict between students and workers’ right to organise, and the management’s will […]

Why does Labour stick to Tory austerity plans the stats show can’t be achieved?

by Michael Meacher.

Osborne’s boast that he would shrink the welfare state to its small scale in 1948 has been definitively scuppered by a report from the Office of National Statistics (ONS). These official figures reveal that there are at least 6 major areas of public expenditure which are currently escalating rapidly and make it impossible to reconcile […]

Why most people are getting poorer

by Michael Burke.

Most people in Britain are getting poorer. For obvious reasons, the government and supporters of austerity would prefer not to discuss this fact. Yet in the strained language of the Labour right, there has also been a clamour for Ed Miliband to ‘change the narrative’ on the economy by no longer talking about the cost […]

The economic contradictions of Mr Miliband

by Ann Pettifor and Jeremy Smith.

There is much to welcome in Ed Miliband’s address last Saturday to the Labour Party’s national policy forum. For example, his argument that Britain suffers from a low-pay economy. While the number of those in employment has grown, real pay has fallen dramatically over the lifetime of the present government. At PRIME, we calculated the fall in real […]

Why are all 3 parties fixated on stagnation, falling wages, rising debt & inequality?

by Michael Meacher.

It is often said that when all three political parties are locked together on the same idea, it is bound to be wrong. Given the Tory-LibDem coalition determination to continue austerity unabated throughout the next Parliament, it is sad to see Ed Miliband telling the NPF forum over this weekend that “we won’t have the […]

Trade unions vote against ending austerity in 2015

by Jon Lansman.

The climax of Labour’s formal policy process this weekend which had involved 1,300 amendments from local parties to eight policy documents, filtered down and composited by 77 regional representatives, was a debate on austerity. That’s fitting given that it is the foundation of the Coalition’s disastrous economic policy and, unfortunately, in a lighter version, of Ed Balls’s approach too. […]

Tory plan to make strikes near impossible betrays their ambition for a bosses’ Britain

by Michael Meacher.

The core issue in industrial relations is the balance of power between employers and workers. The Tories insist that in the 1970s it shifted too far in the interests of labour, and the Left will insist that in the last 3 decades it has shifted too far – far too far – in the interests […]

Labour’s approach to central austerity question is still badly flawed

by Michael Meacher.

The biggest issue at the coming general election will be how the deficit is to be handled over the next 5 years. The Tory proposal is to continue with the cuts till 2018-9 by which time they claim the structural deficit will have been eliminated. Their real and stated objective is to have continued with […]

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