Posts under ‘Economy’

4000 UK Uncut members in mass civil disobedience tomorrow in central London

by Newsdesk.

UK Uncut is planning a spectacular act of mass disobedience opposing austerity in central London tomorrow, with over 4,000 people expected to attend. Precise details of the action are being kept under wraps, but the group has promised bold, exciting and creative direct action at a prominent location. Protests are also being held in a […]

Governance deficit – the burning issue entirely absent from the Queen’s Speech

by Michael Meacher.

Three related things became apparent on the day of the Queen’s Speech which show what is seriously wrong in the running of this country, but which got not a peep in the government’s legislative programme. They all relate to the key issue of governance in each area where the deficit of accountability is greatest – […]

Spiralling executive pay can only be curbed by having it determined by employees

by Michael Meacher.

The latest figures on executive pay are so preposterous that they should provoke uproar. It is now largely hidden from public scrutiny but an example recently published concerns Bob Dudley, chief executive of BP, who was given a total remuneration package of $15.2m in 2014: his basic salary was ‘only’ $1.8m, but his deferred bonus and other share […]

Banks have taken over the State and got away with it

by Michael Meacher.

Six global banks, two them British, have just been fined £5.6bn in what the FBI has called ‘massive scale’ criminality, yet no individual executive has been prosecuted and no bank has been deprived of its licence to practise which would have happened in any other sector given such monumental wrongdoing. Indeed State regulators have gone […]

Did New Labour spend too much?

by Michael Burke.

It is not sufficient for big business to have secured an election victory and an overall Parliamentary majority for the Tory Party. It is also necessary to intervene in the Labour Party to ensure that its leadership also conforms to big business interests too. This currently takes the form of candidates in the leadership contest […]

Osborne has as much chance of a budget surplus in 2018 as of the Titanic resurfacing

by Michael Meacher.

Osborne is telling another of his wheezing yarns which he’s much better at than solving real problems. His first yarn in 2010 was that he would eliminate the structural deficit by 2015; it turns out that it is currently £92bn. His next yarn today is that he will now eliminate it by 2017-8. Fat chance. […]

Abandon austerity: we have nothing to lose but our fears

by Bryan Gould.

The aftermath of election defeat for Labour has been marked by the familiar combination of soul-searching and mutual recrimination. The remnants of New Labour bemoan the supposed failure to address the concerns of middle-of-the-road voters, and point to the lessons they believe should be drawn from Tony Blair’s three successive election victories. Those who would […]

Aspiration: what’s in it for the 20 million in poverty?

by Michael Meacher.

According to the official Office of National Statistics’ latest report, 19.3 million persons in the UK had an income below 60% of the national median at some point during 2010-13. That is nearly a third of the entire population, and a higher proportion than for the EU as a whole. The UK figures are even […]

The City & Wall St are a hotbed of lawbreaking & regulation isn’t working

by Michael Meacher.

The implications of the latest survey of the City of London’s culture are stunning. The study by University of Notre Dame and a law firm revealed that nearly a fifth of respondents believed that “financial service personnel must sometimes engage in unethical or illegal activity to be successful in the current financial environment”. It found […]

Putting people first : Venezuela builds 700,000 new homes

by Matt Willgress.

Despite facing many difficulties, Venezuela’s latest achievements in housing are a timely reminder of why our solidarity with Venezuela remains so important, writes Matt Willgress Venezuela’s President Nicolas Maduro recently inaugurated the 700,000th house built under a state-led initiative called the Great Housing Mission to provide housing to all Venezuelans, continuing the impressive results of a […]

© 2015 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma