Posts under ‘Industry’

More than platitudes needed to restore our manufacturing base

by Grahame Morris.

We live in a deeply divided country. The gaps between wealth and poverty have never been so pronounced. We live in a country where financial speculators who gamble with our economy are rewarded with excessive incomes many of us could not make in a life-time. Our economy, politics and public investment are all tailored towards maintaining […]

Northern Powerhouse – The gap between reality and rhetoric

by Grahame Morris.

There is no better illustration of the gap between the rhetoric and reality than the Government’s failure to support our steel industry. The UK steel industry is in crisis. While George Osborne was in Shanghai this week selling the UK energy sector to the Chinese Government, steel production on Teesside could come to an end […]

Crisis hasn’t gone away. Corbynomics will be increasingly necessary

by Michael Burke.

One of the most widely repeated falsehoods about the British economy is the assertion that it is growing strongly and that the crisis is over. This is not borne out by even a perfunctory economic analysis but it serves a political purpose. In the first instance the assertion was important in order to blunt any […]

Carney’s rose-spectacled survey of the economy as Parliament returns does not convince

by Michael Meacher.

The UK economy’s ticking over fine: that’s the view of Carney, Osborne’s man. So that’s alright then. Or is it? With time-honoured spin we were treated to the most optimistic scenario on every count, with the flip-side downturn kept carefully out of sight. His central message was that “there is no clear evidence of deflationary […]

Why the economy is in far worse shape than Osborne admits

by Michael Meacher.

Osborne’s portrayal of the British economy as having “the fastest rate of recovery of any advanced nation in the world”, which he again repeated yesterday, is sheer poppycock. He continues to boast that GDP growth can be expected to average some 2.5% per annum over the period ahead, but on every key economic indicator that […]

Why doesn’t Labour lambast the Tories on their weakest point – the economy?

by Michael Meacher.

It is strange that Labour hasn’t launched a full frontal attack on the Tory handling of the economy over the last 5 years, because it’s been deplorable. The only points the Tories make in defence of their own management are growth and jobs. But look at the record. Osborne’s bizarre idea that contracting the economy […]

Privatisation debate: long-term market share v get-rich-quick barrow-boys

by Michael Meacher.

The Tories have always boasted that privatisation of major industries has been good for the economy and good for Britain. A rain-check on the history of Thatcher’s mass programme of privatisation now suggests otherwise. Who thinks the privatisation of energy, or of water, or of telecoms (or of the Post Office) has been a roaring […]

Who do these presumptuous Telegraph letter-writing businessmen think they are?

by Michael Meacher.

What does it matter what these 103 businessmen say who’ve signed the Telegraph letter? None of them wrote the letter – it was a party political stunt concocted by the Tory party to to get some cheap publicity in praise of themselves. But why does the Tory party think these names matter? It’s not as […]

Do we want predatory capitalism or an economy geared to the common good?

by Michael Meacher.

Despite the predictable whines of some FTSE-100 bosses reported yesterday about a post-election Labour-SNP pact, Ed M should flesh out more about his vision to replace ‘predatory capitalism’ both because that is what a majority of people want and also to put paid to the ignorant mantra that self-interested executives like to propagate that anyone […]

What’s driving Germany’s hardline stance on Greece?

by Tom Gill.

By Juan Torres López* and translated from the original Spanish by Tom Gill The media and the centres of economic and political power in Europe try to make us believe that the difficulties in reaching agreement with Greece come from the demands and bad practices in this country and that it is the position of […]

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