Posts under ‘Economy’

Critics of Eurozone austerity are right and the UK must learn the lessons

by Michael Meacher.

Arnaud Montebourg, France’s economy minister who has just resigned, is quite right. He denounced austerity policies as “absurd” because they had brought about “the most destructive crisis in Europe since 1929″ He rightly attacked the Eurozone’s fiscal stance as “the cause of the unnecessary prolongation of the economic crisis and the suffering of the European […]

The SNP vision of a deregulated Scotland is reason enough to vote No

by Richard Leonard.

Vision is essential in politics. It illuminates the possibility that things could be different, better and inspires people to not just believe in change, but to be driven to do something about it. That’s why it will play a big part in determining the outcome of next month’s referendum on the question of a separate […]

Labour should champion a wealth tax

by Michael Meacher.

It is worth remembering that the most popular item in Francois Hollande’s manifesto which propelled him to the French presidency was imposing a high rate of tax on the very richest in the country. Admittedly his popularity has nose-dived since then, but that is for totally different reasons to do with France’s economic straitjacket within […]

Time for Labour to speak out on corporate governance

by Michael Meacher.

Whilst the economic debate surges around austerity, recession and claims of recovery, it’s remarkable that next to nothing is being said about the flaws of corporate governance. As a result the dominant theme of shareholder value is accepted almost without question. Yet it is deeply compromised both in theory and in practice. Most obviously it […]

FTSE-100 CEOs now on average paid 143 times more than their staff

by Michael Meacher.

The inequality between business leaders and their workforce has now reached an all-time high. According to the pay consultancy Manifest/MM&K, the typical FTSE-100 chief executive is now paid £4.7 million a year (over £90,000 a week), whilst the typical FTSE-100 employee gets 143 times less. This is the average position, which means there is a […]

To catch people like Rebekah Brooks & Bob Diamond we need strict liability

by Michael Meacher.

In her memo to her own staff over the hacking scandal Rebekah Brooks wrote “We were all appalled and shocked when we heard about these allegations yesterday………I have to tell you that I am sickened that these events are alleged to have happened…………..Not just because I was editor of the News of the World at […]

Eurozone ‘recovery’ collapse gives Osborne excuse for his own failure as UK ‘recovery’ peters out.

by Michael Meacher.

The Office of National Statistics (ONS) report yesterday that the average earnings growth rate has now fallen by 0.2%, the first time it has fallen below zero since the crash in 2008-9, is devastating for UK economic prospects and for Osborne’s bombastic claims about the great UK economic surge. It is devastating because the only […]

Iain Duncan Smith and the race to the bottom

by Phil Burton-Cartledge.

Here we go again. In the topsy turvy Tory world of our beloved Department for Work and Pensions secretary, joblessness is not caused by a lack of jobs but instead “cultures of worklessness“. To his mind, there are millions living it up on the taxpayer dollar – skivers being kept in e-cigs, iPads and Jeremy Kyle appearances. They do […]

The recovery’s fading: so what should be the policy now?

by Michael Meacher.

The evidence that Osborne’s so-called recovery is fading is now too strong to ignore.The latest evidence released by the IPPR think-tank finds that two-fifths of all new jobs since 2010 have been self-employment, oten at a pittance income – indeed the figures show that self-employment incomes have fallen by an average £2,000 since May 2010, […]

We must look back with anger

by Phil Burton-Cartledge.

My home village was built on coal. All the local mines had shut before 1984 and open casting was the name of the game. Up until I left home you could see great mountains of slag and earth crouching on the horizon, the engines and buzzers of diggers echoing across the landscape early every morning. […]

© 2014 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma