Posts under ‘Earnings’

Corbyn is right: Migrants don’t drive down wages

by Tom O Leary.

In his recent speech to Labour Party conference Jeremy Corbyn said, “It isn’t migrants that drive down wages, it’s exploitative employers and the politicians who deregulate the labour market and rip up trade union rights.” This is excellent and entirely correct. It is probably the best statement ever made by a Labour leader on this […]

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 […]

It isn’t a ‘lower tax, higher wage’ economy as Osborne boasts, it’s actually a higher tax, lower wage economy

by Michael Meacher.

One has to give it to Osborne, he’s extremely good at branding whatever he doesn’t like with a clever, pejorative – but false – jingle. ‘The merry-go-round on welfare’, ‘strivers versus shirkers’, ‘Labour left behind this economic mess’ , and ‘austerity’s painful decisions are the only way to cut the deficit’ immediately spring to mind. […]

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 […]

Even the high priests of capitalism have come out against against inequality

by Michael Meacher.

The IMF is the last place that one would expect to hear the argument being made that inequality has gone far too far. So the recent detailed research from the citadel of capitalism has to be taken seriously. What they found was that raising the income share of the poorest fifth of the population increases […]

Osborne’s £12bn cuts mainly hit those in work and will backfire badly

by Michael Meacher.

Contrary to incessant Tory propaganda about a pervasive culture of welfare dependency, the evidence actually shows jobless benefits claims are now at a 35 year low, but will be put at risk if Osborne pursues his £12bn welfare cuts at the expense mainly of people in work. Of the three out-of-work benefits – unemployment benefit […]

Cameron’s one-nation programme: pull the other one!

by Michael Meacher.

Like Thatcher declaring on the steps of Downing Street in 1979 that, like Francis of Assisi, “where there is discord, I will bring peace”, so Cameron in the Queen’s Speech debate has pledged a one-nation Britain – until one looks at the detail and reads between the lines. To take one example, the most recent […]

Immigration and benefits: the political economy of scapegoating

by Phil Burton-Cartledge.

Immigration and benefits. Immigration and benefits. Immigration and benefits. I can barely remember a time when these weren’t commanding headlines or the imaginations of politicians. One might say that this is no surprise, seeing as they are both hot button issues for the public – though it might be said these issues are fabricated and […]

What can we expect from renewed austerity?

by Michael Burke.

The new Tory government will renew its austerity offensive shortly with the publication of an ‘emergency Budget’ on July 8. It is simple to demonstrate that the previous austerity programme caused the economy to grind to a halt (and with it the improvement in government finances). Supporters of austerity like to claim that austerity led […]

The coming tabloid assault on charities

by Phil Burton-Cartledge.

A couple of straws in the wind, perhaps, but I have a feeling something’s a-brewing. Exhibit one: Olive Cooke, a 92-year-old poppy seller and giver to charitable causes took her own life after, apparently, being repeatedly pestered by cold callers asking for more cash (she already gave to 27 charities every month) and receiving dozens […]

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