Posts under ‘Economy’

Why haven’t there been riots about endless austerity? That may be about to happen

by Michael Meacher.

One of the most remarkable facts about the British public’s attitude to prolonged austerity is the lack of the kind of open revolt which has been seen in so many other countries. In Greece it has led to the dramatic rise of Syriza under the dynamic leadership of the radical Tsipras who now has a […]

Cameron tries to blame foreigners for UK ‘recovery’ fizzling out

by Michael Meacher.

It’s a bit rich for Cameron, in his statement yesterday from Brisbane, blaming the world out there, particularly the eurozone, for the fading UK recovery when those countries are pursuing almost exactly the same economic policies as he is. That is relentless and unending austerity, which he conspicuously failed even to mention. Now that the […]

Workers of the world unite against the new generation of trade deals

by Adrian Weir.

David Cameron’s ringing endorsement at the G20 of the proposed EU-US trade deal, the Transatlantic Trade and Investment Partnership (TTIP), was perhaps predictable but also has opened up the topic of TTIP and its like to greater public awareness. Until Brisbane discussion of this new generation of multi-lateral trade agreements was very much a topic […]

Privatisation of energy risks lights going out this winter

by Michael Meacher.

The effects of the UK privatised energy system are now becoming clear, not only in cartel pricing and poor service , but also, critically, in loss of energy security. As a result of the latter there are real risks of blackouts this winter. The Big Six privatised companies’ failed to invest on a scale that […]

The rise and rise of Podemos: a movement for popular empowerment

by Mike Phipps.

One of the highlights of the recent AGM of the Labour Representation Committee was the address from Leticia Bernues Caudillo from Podemos which took 8% of the vote in the European elections and won five MEPs just three months after being founded. Podemos (“We can!”) was inspired by the radical left force in Greece, Syriza. It grew […]

The case for abandoning austerity is a no-brainer, mathematically, financially and politically

by Michael Meacher.

Labour needs a game-changer to settle the result of the next election once and for all. As it happens it has the perfect opportunity ready to hand. Osborne is foolhardy enough to announce six months before the election that he intends to impose further cuts of £25bn to get on track to eliminate the structural deficit […]

The honeymoon is over for Italian PM Mateo Renzi

by Tom Gill.

Thousands took to the streets of Milan and other cities on Friday in the first of union-led protests that will culminate in a general strike next month. At issue is the government’s labour counter-reforms that will make it easier for firms to fire workers, adding to the growing ranks of the precariat in the Eurozone’s […]

The Osborne forked tongue is cranking up for the Autumn Statement

by Michael Meacher.

The Chancellor’s response to the £1.1bn windfall handed to him by the fine on the banks is a classic in Osborne double-speak. We’re told the money will be “used for the wider public good”. He means tax cuts as an electoral bribe. He says “today we take action to clean up corruption by a few […]

Why should rich posh crooks (aka bankers) get away with it?

by Newsdesk.

The banks: how am I here again? Standing outside RBS, Paul Mason asks why action is not taken against crooked bankers. They plead not to over-regulate them, not to imprison them or they won’t be able to recruit the talented people they need. Talented at what, you may ask. Ripping off their costomers? Certainly not […]

How not to criticise space travel

by Phil Burton-Cartledge.

What a stupendous achievement. The landing of a space probe on comet Churyumov-Gerasimenko 300 million miles from Earth is one for the history books, up there with the first space flight, Moon landing, and interplanetary mission. Sure, the Philae lander might be sliding about the surface a tad but nonetheless this is a triumph of […]

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