Posts Tagged ‘Investment’

Tory own goal on debt and the deficit pledges

by Michael Burke.

The Tory Party has decided to make public finances a key battleground for the election. Key supporters of austerity such as the FT’s economics editor Chris Giles have echoed that, arguing that the “defining battle of the 2015 general election [is] over borrowing and public spending“. It is only possible to stake out political ground on […]

The economy should be Labour’s turf, not the Tories’

by Michael Meacher.

It is astonishing that the Tories have opted to fight the coming election on their economic record (maybe because fighting on any other issue would be even worse?) – and equally astonishing that Labour has made such a poor fist of retaliation. The simple truth is, there is nothing at all about the Tory economic […]

Pain, no gain: the Austerity scam

by Jon Lansman.

To coincide with the Autumn Statement, PRIME Economics has published an excellent short pamphlet  Pain, No Gain: the Austerity Scam by John Weeks (Emeritus Professor of Economics, SOAS, University of London) which explains just why the deficit is not a problem – indeed is a necessary part of the solution – for the UK economy. In examining the […]

What do Britain’s private sector firms contribute?

by Michael Burke.

The main factors that account for economic growth are increases in the workforce or in the amount of productive capital in the economy. A far smaller contribution is made by improvement in productivity as a result of innovation. Since mid-2009 the British economy has grown. But this is wholly accounted for by growth in the […]

Strip the private banks of the power of money creation

by Michael Meacher.

The House of Commons held a very important debate this last week on the creation of money, a process which the Big 4 banks have monopolised and thus privatised the money supply.   The abuse of this power over the last 3 decades has been enormous, and I used this debate to propose an entirely […]

There is a magic money tree. It’s called investment

by Michael Burke.

Supporters of austerity have long argued that there is no viable alternative because of persistent government deficits and rising debt. David Cameron put it starkly arguing that “there is no magic money tree“. However these assertions contain two important fallacies. Firstly, it is evident that, if government is increasingly indebted it must be the case […]

Fall in construction output shows Osborne “recovery” has lost momentum

by Michael Meacher.

The latest economic figures revealing a shock fall in construction output of more than 1% between April and May this year are alarming, but might be brushed off as an isolated quirk if all the other evidence pointed the other way. But it doesn’t. The construction slowdown is matched by an unexpected slump in factory […]

94 reasons why French trade unions have boycotted Hollande’s job summit

by Tom Gill.

François Hollande’s jobs summit is becoming a farce. Unemployment in France has risen to a new high of 3.4 million. The socialist President is desperate to be seen to be doing something about it. But Monday yet another union walked out of the two day ‘social summit’, an unprecedented desertion by organised labour for any administration in Paris, let […]

Capital strike: global corporations hoard cash and refuse to invest

by Michael Burke.

The world’s largest companies are hoarding cash and cutting productive investment at the same time. The Financial Times reports a survey from one leading ratings’ agency, Standard & Poor’s, which shows that the 2,000 largest private firms globally are sitting on a cash mountain of $4.5 trillion, which is approximately double the size of Britain’s annual GDP. […]

Labour will inherit a crisis, not a recovery

by Michael Burke.

At a certain point in the next few months the recession in Britain will officially be over as the real level of GDP will finally exceed its previous peak in the 1st quarter of 2008. The media coverage will be generally very favourable, in the hope that this will boost the Tory vote and vindicate the […]

© 2015 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma