Posts under ‘Economy’

What should new Greek finance minister do next?

by Ann Pettifor.

The Greek people have led, so that their leaders can now follow.  They have backed (with a landslide vote for “No!”) their brave and principled, if inexperienced and diplomatically inept, new government. Now they need to turn their attention to rebuilding their economy. The first step must be to begin creating a new (and hopefully […]

After Greece votes no, what next?

by Phil Burton-Cartledge.

In time, they might come to call it the Tsipras Gamble. With an impossibly weak hand, no one seriously thought Syriza could pull it off. The verdict of the bail out referendum was predicted to be close, so close that it might well have been Syriza as opposed to Greece heading for the exit door. […]

We need a Europe that’s for a better life, not one for advancing powerful interests

by Bryan Gould.

Like so many others, I long ago got used to being pilloried as “anti-European” for daring to say that the “Europe” we were urged to sign up to was no such thing, but was a particular arrangement cooked up by the powerful and foisted on the people of that often benighted continent without bothering either […]

Why we need the Living Rent Campaign

by Alasdair Clark.

In October 2014, The Living Rent Campaign was founded in response to a Scottish Government Consultation on a new tenancy type for the Private Rented Sector (PRS) in Scotland. Put simply, we’re demanding the type of change private tenants in Scotland, and across the UK, have needed for too long now. Security of tenure – […]

TTIP will be a licence for multinationals to profit at all costs

by Keith Ewing and John Hendy.

A small victory for democracy was recorded at the European Parliament recently when it was announced that a long-awaited debate about the Transatlantic Trade and Investment Partnership (TTIP) was to be postponed. TTIP is the trade deal being negotiated between the EU and the USA. Its text is secret, known only by the negotiators (including […]

Child poverty could be Tories’ Achilles heel

by Michael Meacher.

The Tories’ relief that the child poverty figures just published in the official Households Below Average Income (HBAI) statistics didn’t show an increase was palpable.  But that conceals the real story. The Tories have form on this issue. Child poverty tripled under Thatcher from 1 in 9 children to 1 in 3, but then fell […]

Jeremy Corbyn in his own words

by Heiko Khoo.

This is how Jeremy Corbyn introduced himself in the Newsnight Labour leadership debate on 17 June: “I was first elected to Parliament 32 years ago, and I’ve spent that time in Parliament representing my constituency and standing up for rights and justice in Britain and all around the world. I believe that is the function of […]

Pre-budget memo to Osborne: records show austerity won’t cut deficit

by Michael Meacher.

Osborne’s 8 July budget will be forced through in the teeth of all economic experience. The history of the last 70 years demonstrates one conclusion irrefutably: austerity is the wrong way to cut deficits. After the second world war had dramatically drained Britain’s wealth and left the country with colossal debts amounting to 260% of […]

Wages, profits & investment In Greece

by Michael Burke.

The IMF has placed a road-block in the way of a deal with the Greek government and it remains unclear whether any agreement can be reached. The prior agreement which the IMF rejected was itself already very onerous. But the IMF wants to shift the burden of paying for the crisis away from taxes on […]

Why I went on the anti-austerity march & regret Labour’s leaders weren’t there too

by Diane Abbott.

Last weekend I attended the huge anti-austerity march and rally organised by the People’s Assembly against Austerity in London. Estimates of the size of the rally varied between 70,000 and more than 150,000. But demonstrators poured into London from all over the country, the march was self-evidently huge and it was definitely a great deal bigger […]

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