Posts under ‘Economy’

Italy: Renzi’s pre-election coup

by Tom Gill.

Put more money in ordinary people’s pockets to boost household spending while taxing banks and axing military and other wasteful spending: sounds like a political coup and it was one Italian Prime Minister Matteo Renzi pulled off consummately  on Friday. Renzi’s cabinet passed a decree to reduce taxes for those earning between 8,000 and 26,000 euros […]

French socialist revolt continues

by Tom Gill.

The revolt in France’s socialist party continued this week as details of a fresh austerity plan were unveiled by new Prime Minister Manuel Valls. Valls has announced a 50 billion euro austerity plan to be funded largely by cuts to pensions, a freeze in public servants’ salaries and cuts to public services. The announcement was “received as a […]

Asset-backed securities precipitated the crash: let’s do it again!

by Michael Meacher.

It is almost unbelievable, but true, that at the highest levels of today’s capitalism it is being proposed that the asset-backed securities which provoked the banking crash in the first place should now be relaunched as the best avenue for recovery. Both Draghi, president of the European Central Bank, and Carney, governor of the Bank […]

What lies behind Blairite calls for “an avowedly pro-business agenda”?

by Jon Lansman.

Alan Milburn was once a Trotskyist, who co-ran a small left-wing bookshop in Newcastle, Days of Hope (aka Haze of Dope). Now he is better known as the New Labour politician and former Secretary of State for Health whom David Cameron appointed as his “social mobility Tsar”. He is also one of those Blairite  heavyweights […]

Royal Mail fire sale costs taxpayer £1.4 billion

by Grahame Morris.

The Royal Mail served the nation for over 500 years; however a Government fire sale not only privatised this prize asset but also short changed the public. Last week, the National Audit Office (NAO) delivered a damning report showing that the Government’s rush to privatise the Royal Mail cost the taxpayer £1.4 billion.

Trade unions fear for the future of the Co-op

by Jon Lansman.

Lord Myners impassioned defence of his review of the Co-operative Group in the Observer following his resignation from its board last week will have found favour with many Co-operators. Today, a trade union representing Co-op employees have today leapt into the debate in defence of their members interests, and in support of Myners. Adrian Jones, a Unite […]

Gideon’s promise of a Goldilocks recovery is pure fantasy

by Michael Meacher.

George Osborne preened himself – yet again – at the IMF conference 2 days ago that the Western economies are now set for a prosperous future, even as central banks steadily withdraw the lifeline that kept them afloat after the 2008 crash. Apparently normality is returning after the unfortunate blip five to six years ago. […]

Alexis Tsipras backs mass demonstration in Paris against austerity

by Tom Gill.

Thousands of people protested in Paris on Saturday calling for a change in the austerity policies of President Francois Hollande. The Front de Gauche, whose principle components are the French Communist Party (PCF) and the Parti de Gaunche, led the demonstration that declared “Hollande, enough!” and rallied “against austerity” and for “equality and the redistribution of […]

A Scotland free from Tory rule for good is the offer Labour has to beat

by Jon Lansman.

Watching Alex Salmond’s speech to the SNP Spring Conference, it is almost impossible to see Scottish independence as anything other than inevitable. If not this year, then at least sometime in the not too distant future. It doesn’t matter that I am an internationalist who doesn’t believe that independence can exist in any meaningful sense […]

If this is a recovery, why are we getting poorer?

by Michael Burke.

At a certain point this year GDP will finally recover its pre-recession peak, 6 years or more after the recession. This will be the longest British slump in living memory and the most severe downturn since the Great Depression. The government and supporters of austerity are keen to emphasise the fact that the economy is […]

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