Posts Tagged ‘Inequality’

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 […]

What is Scottish Labour for?

by Dave Watson.

As Scottish Labour regroups after the General Election, the temptation will be to focus on organisation and structure. Important though these are, the real question the party has to ask itself is – what is Scottish Labour for? After the 2007 and 2011 Scottish Parliament elections, Scottish Labour held reviews that gave detailed consideration to […]

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 […]

Spiralling executive pay can only be curbed by having it determined by employees

by Michael Meacher.

The latest figures on executive pay are so preposterous that they should provoke uproar. It is now largely hidden from public scrutiny but an example recently published concerns Bob Dudley, chief executive of BP, who was given a total remuneration package of $15.2m in 2014: his basic salary was ‘only’ $1.8m, but his deferred bonus and other share […]

Who will speak for those who lack any meaningful political voice?

by Michael Meacher.

One of the most disturbing aspects of the election a few weeks ago was the large and rising number of voters who felt disenfranchised and voiceless. Not only those who felt abandoned by Labour in Scotland, nor even the 9% who deserted the main parties to vote for UKIP, but the untold hundreds of thousands […]

Aspiration: what’s in it for the 20 million in poverty?

by Michael Meacher.

According to the official Office of National Statistics’ latest report, 19.3 million persons in the UK had an income below 60% of the national median at some point during 2010-13. That is nearly a third of the entire population, and a higher proportion than for the EU as a whole. The UK figures are even […]

Aspiration for all would be fine, but neither the Tories nor the Blairites will deliver it

by Michael Meacher.

The Tory manifesto was artfully targeted at making everyone a weeny bit richer, and some a lot richer. It offered to raise the income tax threshold to £12,500 (though the rich get more from that than the poor), to lower tax on those on the minimum wage, to raise the higher rate income tax threshold […]

1,000 richest Britons worth £547bn, 13m others now in poverty, half in work

by Michael Meacher.

Murdoch’s Sunday Times has just published its Rich List for 2015 which shows that the richest 1,000 persons based in Britain now have wealth valued at £547.1bn. That works out at an average level of wealth of nearly £550 millions per person, though there are wide variations between the threshold level of £100 millions at the […]

At the ballot box, we’re all equal for a moment – let’s vote to keep it that way

by Jon Trickett.

Tonight I came home to find my ballot paper waiting in the letter box. Tomorrow I will be able to cast my postal vote for my Labour candidate (me as it happens). In voting I will be joined by millions of others. Stop and reflect a minute. Because my vote only has the same weight as yours and […]

Britain’s pay: from £28m 8 weeks into a job to £0 a week on zero hours contracts

by Michael Meacher.

Some of Ed Miliband’s most popular announcements have been his pledge to abolish non-dom status and to hunt down aggressive tax abusers , not only making them pay up what is owed, but also a fine of an equal amount on top. He would be even more popular if he found a formula to deal […]

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