Posts under ‘Economy’

Why I shall vote to remain in the EU

by Ann Pettifor.

Back in 1975 I did not just oppose membership of the EU, I actively campaigned against it. In the 1990s I strongly opposed Britain’s membership of the Exchange Rate Mechanism (ERM). My opposition to the Labour leadership’s support for ERM helped ensure that I did not get chosen as Parliamentary candidate at the time. I […]

Britain’s problem: Philip Green is the archetype British capitalist

by Phil Burton-Cartledge.

On global capitalism in Lenin’s day, the Bolshevik leader had this to say: “Imperialism is an immense accumulation of money capital in a few countries … hence the extraordinary growth of a class, or rather, of a stratum of rentiers, i.e., people who live by “clipping coupons”, who take no part in any enterprise whatever, […]

Yemen’s calamity – blood on Britain’s hands

by Mike Phipps.

The Campaign Against the Arms Trade (CAAT) has published a new report, A Shameful Relationship: UK Complicity in Saudi State Violence by David Wearing. It exposes how the UK’s supply of weapons to Saudi Arabia for its devastating bombing of Yemen systematically violates international law. UK-made aircraft, bombs and missiles have been used in the bombing and […]

Implausibility of a “Social Europe”

by Danny Nicol.

Even the dogs on the streets know that David Cameron’s EU “reforms” are pitiful.  Indeed, even he no longer mentions them.  So why assume that reforming the EU into a “real Social Europe” is any more feasible?   It’s when one examines the constitutional obstacles to reform that one realises that the whole idea just doesn’t […]

Taxation – challenging everyday libertarianism

by Maria Exall.

In his Left Futures article on the 7th April, Intense Relaxation, David Osland took John McTernan to task for advocating tax avoidance as a ‘basic British freedom’ and for making reference to the political theorist Robert Nozick and his argument for freedom from taxation in Anarchy, State and Power (Basic Books, 1974). The ideological libertarianism […]

Nationwide Building Society and Stephen Uden’s “Invisible People”

by Andy Newman.

UPDATE: Since writing this article I was sent a link via Twitter from the Nationwide Building Society Press office, denying the story. Nationwide say: The GMB’s accusation is disappointing, surprising and, quite frankly, wrong.  We have not asked our partners Carillion to reduce the hours of its employees. So let me confirm what I know […]

Government intervention is vital to save steel and reverse industrial decline

by Steve Laughton.

Ken Clarke was pronouncing on Radio 4 several days ago that in the eighties people were calling for nationalisation to save British industry. He claimed the idea that the UK will collapse unless the government steps in has been heard before and is tired old nonsense. He seemed to think that history and the magic of free […]

Dave finds out what it’s like when the gutter press have it in for you

by Phil Burton-Cartledge.

As readers may know, I’m not a politician and when I worked in politics, it wasn’t at the spaddy level where you’re actually listened to. Yet me, a lowly ex-bag carrier responsible for caseloads in an obscure constituency, knows the first rule on resolving a political crisis is to wrap it up as quickly as […]

It’s the country’s deficit not the government’s that matters – devalue to re-industrialise

by Bryan Gould.

The imminent crisis in what is still laughingly called the British steel industry is being greeted just as other similar developments have been for decades – with consternation and anger, with concern for the implications for social cohesion in general and for workers’ families in particular, but with no recognition that this is just the […]

Intense relaxation: John McTernan and the freedom to not pay tax

by David Osland.

Peter Mandelson famously declared himself “intensely relaxed about people getting filthy rich, as long as they pay their taxes”. His successors now appear intensely relaxed about the wealthy not paying their taxes at all. Senior Blairite John McTernan has responded to last weekend’s Panama Papers revelations by reassuring Telegraph readers that “tax avoidance is an expression of […]

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