Posts Tagged ‘Ed Balls’

Abenomics: works in Japan, rejected by Osborne – and now Balls

by Michael Meacher.

Since Shinzo Abe came to power, the Japanese stock market has risen an astonishing 50% in 5 months, and the replacement of the fatalism which has dogged Japan’s economy by a new burst of policy activism has profound implications for the UK. There is another precedent for this policy activism other than the General Theory […]

Means-testing winter fuel payments is another Labour own goal

by Michael Meacher.

Ed Balls didn’t have to say it. It will save a piffling amount of money relative to the size of the budget deficit which is still plateaued at £122bn. Inasmuch as it’s a Tory-style policy, it’s doing the Tories’ dirty work for them. And it’s another nail (admittedly not the first or the only one) […]

Labour is failing on tax avoidance

by Jon Lansman.

This week’s YouGov poll for the Sunday Times makes it very clear that Labour is failing to get a clear anti-tax avoidance message across to the public. In answer to the question “In general, do you think it is acceptable or unacceptable to LEGALLY avoid paying tax?”, 62% of people (72% of Labour voters) think it […]

Ed Miliband needs to challenge the UKIP surge

by Carl Packman.

At the time of writing (15:47) UKIP has won 78 seats and is averaging 25% of the vote in the wards where it is standing. That is quite something. Not only is it making the Tories look stupid and the Liberal Democrats look irrelevant, it makes Labour look like they haven’t the nous to be […]

Dear Ed Balls… why Labour should support my anti-tax avoidance proposals

by Michael Meacher.

Today MICHAEL MEACHER will push again for a stronger anti-tax avoidance regime. Here, he urges the Labour frontbench to support his proposal. Dear Ed, A few months ago I put forward my General Anti-Tax Avoidance Principle Bill (GANTIP) for second reading. As a Private Member’s Bill low in the order it did not make progress, […]

Don’t be derailed by Progress confrontation

by Ben Folley and Calum Sherwood.

This week, former General Secretary of the CWU Alan Johnson has issued an unabashed attack on trade union influence within the Labour Party in an interview with Progress, part of an increasingly confrontational and destructive approach to dictating Labour Party policy from the Blairite wing. Jacqui Smith’s now regular articles, including hers on Osborne’s welfare trap before the […]

When will Labour force a crisis vote on the economy in the Commons?

by Michael Meacher.

It seems almost unbelievable that the UK economy is still 3.5% below its level 5 years after the financial crisis began, when the US, Germany, France and almost all other major countries are now well above their pre-recession level, and that the UK economy has now contracted in 4 of the last 5 quarters and […]

The boos won’t help, but Ed is wrong, wrong, wrong on austerity

by Jon Lansman.

Standing twenty metres from Ed Miliband during his speech in Hyde Park on Saturday, the crowd around me clapped and cheered loudly, as I did, when he referred to “a Chancellor of the Exchequer who tries to travel first class on a standard class ticket“. Again, louder still when he attacked the “incompetent, hopeless, u-turning, pledge-breaking, […]

Why is Labour so timid?

by Michael Meacher.

It’s all very well for Ed Balls to announce that the next Labour government will be ‘ruthless and disciplined’ over public spending and will carry through a zero-based spending review to justify every pound spent. Of course that’s right since nobody in their right mind can believe that the Tory spending cuts can be reversed […]

Greek exit won’t save euro: fundamental restructuring needed

by Michael Meacher.

With the smart money on an early Greek exit, the two main questions to arise are: what will happen to Greece, and what future then for the Eurozone? If Greece leaves, the exchange rate will drop sharply from 340 drachmae to €1 at entry to the euro to perhaps 1,000 drachmae, a loss of value […]

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