Posts Tagged ‘Privatisation’

Osborne’s giveaways come back to haunt him

by Michael Meacher.

Following Osborne’s triumphant releasing of pensioners to unlock their annuity contracts to spend how they will, there were many siren voices raised that that risked exposing many vulnerable elderly people to crooks and scammers selling dud investment projects as the road to riches. The results have turned out even worse than feared. City of London […]

Tory privatisation economics: try the London sewer, the mother of all scandals

by Michael Meacher.

As an illustration of what the Thatcherite privatisations of the 1980s now mean, you could not have a better example than the London super sewer. It costs £4.2bn, and you might expect that Thames Water, the privatised company that controls the whole of its length, should obviously be expected to pay for it. Not a […]

Five good reasons why Osborne’s selling off RBS and Lloyds is wrong

by Michael Meacher.

Osborne as usual is taking advantage of Labour’s distraction at this time to sell off RBS and Lloyds to the private sector at a huge losses to the taxpayer, to accountability of the banks, and to the future of the British economy. This is motivated by his ambition eclipse even the Thatcherite privatisation boom of […]

Who are the ideologues now?

by Bryan Gould.

It is a truism of today’s political analysis that, over the three or four decades since the onset of the so-called “free-market” revolution that swept across the western world, the centre of political gravity has moved substantially rightwards. Most of those of middle age or younger will have grown up, after all, in a world […]

After the shameful deal imposed on Greece, where are the left Eurosceptics?

by Phil Burton-Cartledge.

The deal imposed by the Eurozone grouping on Greece is nothing short of shameful. It continues to pile up the debt, reducing Greece to the status of a debt colony of the rich, Northern European countries. It, like all austerity programmes, expects working people, pensioners, the young to pick up the tab for payments that […]

Privatising RBS: a triple whammy against taxpayers, economy and reform

by Michael Meacher.

Why sell off the 80% stake in RBS when the Brown government bailed it out in 2008 at a cost to taxpayers of £45bn, yet today’s share price would fetch only some £32bn? That’s a £13bn loss for taxpayers which, as it happens, is almost exactly the sum that Osborne is pledged to raise by […]

Dear Liz Kendall, about the differences between socialism and liberalism…

by Phil Burton-Cartledge.

Dear Liz, Re: Leadership of the Labour Party I noted the other day that leadership contests are that rare occasion when MPs and ordinary members are frank about the personalities and policies at the top of the party. Some also over egg the pudding and go for outright abuse. I’m thinking mainly, this time around, […]

What the SNP says versus what the SNP does

by Manuel Cortes.

Last week, when I spoke at the STUC Congress against the SNP putting both Scotrail and the Caledonian Sleeper in the hands of privateers, I said that actions speak far louder than words. Let’s face it, the SNP hardly misses an opportunity to argue that the public sector should play a key role in delivering […]

Even the Tories’ naked bribery has now gone pear-shaped

by Michael Meacher.

There is a very noticeable difference between the way that the Tories and Labour have conducted this election. The Tories have used the twin-prong approach: personal vilification which has proved counter-productive and now blatant giveaways (of other people’s money) to try to produce a false feel-good factor. However, no serious policy proposals for the country’s increasingly […]

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 […]

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