Posts under ‘Economy’

Three reasons why French Socialists are right to oppose PM Valls’ austerity plan

by Tom Gill.

France’s ruling socialist party is in revolt. A very vocal minority don’t like the austerity plan of new PM Manuel Valls. And they are threatening to vote it down. Here’s 3 reasons why they are right. (Translated by Tom Gill from the original by Christian Chavagneux ) France’s new prime minister – now three weeks into […]

Blairites, Valls and Renzi, offer little hope for Eurozone

by Michael Meacher.

Valls and Renzi, the new prime ministers of France and Italy respectively, have made clear their respect for Blair and their intention to follow his example. That’s bad news for the Eurozone and for the EU in general. Blairism is not an economic ideology, but rather a style of leadership that is far more about […]

Four oddities of Labour education policy

by David Pavett.

The Labour Party’s declared aim is to build a “one-nation society” with a “one-nation economy” and a “one-nation education system”. What would a “one-nation education system” look like? Clearly, there can be many different solution to such a complex problem but some general principles would need to apply in all cases. With this in mind […]

Labour’s hiring of David Axelrod won’t work without solid, inspirational policies

by Michael Meacher.

You really can’t expect to win an election by importing an election guru from abroad – even one as well-proved as David Axelrod who helped win two presidential elections for Obama as his political adviser – unless there is a foundation of strong and resonant policies to inspire voters with in the first place. At […]

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 […]

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