Posts under ‘Industry’

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 […]

How do the parties think they’ll reduce today’s deficit of £100bn to zero by 2020?

by Michael Meacher.

Osborne continues trying to taunt Labour about eliminating the deficit altogether by 2020. But he’s never set out any strategy by which he might get within even spitting distance of it. Economic growth isn’t going to do it. Under his current policies Britain now invests only 14% of its GDP, one of the lowest rates […]

Syriza’s victory: turning hope into reality

by Michael Burke and John Ross.

The Greek people have inspired every progressive force in Europe, and beyond, by electing the first anti-austerity government in Europe. Syriza has similarly inspired every progressive person with the great political skill with which it outmanoeuvred the forces in Greece and Europe who attempted to scare the Greek people into not voting for it. As […]

The dozy watchdogs who make vast profits but are immune from prosecution

by Michael Meacher.

When last year multinationals like Starbucks, Google and Amazon came under fire over tax avoidance, the focus naturally turned to the accountancy firms that enabled them to do it. In particular after it was revealed in September that Tesco had over-stated its first-half profits by £250m, the spotlight fell on PricewaterhouseCooper (PwC), Tesco’s auditor for […]

Labour can win if it’s bolder

by Peter Rowlands.

With only four months to go Labour can win, but only if two sets of conditions are fulfilled. Firstly, that there is internal discipline generating external unity, with the usual suspects forswearing any ‘advice’, at least until 7 May (Blair and Mandelson please note). This means Progress supporting the Miliband ‘ left’ line, which merely points in a […]

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