We have all learnt that Cameron routinely makes up policy on the hoof, but he has really outdone himself by his explanation of his case for bombing Syria. First of all as he states it, his military case is the defeat of ISIS. This is risible since the contribution that he is planning for Britain […]
Now they’re aiming to go back to non-prime mortgage securities which caused crash
Sep 10th, 2015 by Michael Meacher.If you want evidence of how reckless and desperate bankers and investors have now become in search of higher yields, look no further than the widespread decision to return to a variant of the mortgage-backed securities which precipitated the 2008-9 crash. Then it was sub-prime securities which were knowingly sold to households handicapped by low […]
Share:
Just what is Cameron for?
Sep 7th, 2015 by Michael Meacher.Watching Osborne yesterday on the Andrew Marr show answering questions on whether Britain should bomb Syria and other foreign policy matters, one did wonder where exactly Cameron fitted. Increasingly Osborne, arguably the most formidable politician in the House at the moment, has already assumed the premiership he has coveted for so long. All the detailed policy-making […]
Share:
It’s about the fundamentals, silly
Sep 6th, 2015 by Michael Meacher.The basic reason that the leadership election has been so disappointing, until Jeremy Corbyn came on the scene, was that it was stuck on issues (insofar as it was stuck on any issues at all) that, while certainly important, did not have the makings of a vision. Even when Corbyn prompted the others to produce […]
Share:
Chuka Umunna’s partial olive branch
Sep 3rd, 2015 by Michael Meacher.In his speech yesterday Chuka Umunna appeared to be offering from the Blairite faction of the PLP an olive branch of reconciliation. If this is the correct interpretation, it is a useful and welcome one, although he made it conditional on Jeremy Corbyn showing flexibility on EU, NATO, Trident renewal, and tax (unspecified). I don’t […]
Share:
Carney’s rose-spectacled survey of the economy as Parliament returns does not convince
Sep 2nd, 2015 by Michael Meacher.The UK economy’s ticking over fine: that’s the view of Carney, Osborne’s man. So that’s alright then. Or is it? With time-honoured spin we were treated to the most optimistic scenario on every count, with the flip-side downturn kept carefully out of sight. His central message was that “there is no clear evidence of deflationary […]
Share:
Blair is living in a state of deluded denial
Sep 1st, 2015 by Michael Meacher.There never was a truer example of ‘when you’re in a hole, stop digging’. His article in the Observer this weekend is a gift to his opponents, but it does even more damage to himself. He reveals himself as increasingly deserted even his previous closest followers, an utterly broken man watching everything he stood for swept […]
Share:
Iain Duncan Smith demands as many disabled people work as able-bodied
Aug 28th, 2015 by Michael Meacher.As part of the government’s plan to extract £12bn from social security benefits, IDS has announced his latest target is “the disability employment gap”. According to analysis of official ONS figures, this represents the difference between the number of disabled people who are in employment (48%) and the figure for the general population (73%). The […]
Share:
The justification for Corbynomics goes far beyond re-nationalisation
Aug 26th, 2015 by Michael Meacher.It is curious that the main charge thrown against Jeremy Corbyn – apart from all the bluster and hysteria – is that his policies lack ‘economic credibility’. The assumption presumably is that the economic policies pursued by UK governments, both Labour and Tory, as well as by the EU, were sufficiently credible and rewarding as […]
Share:
Three-quarters of jobs created in UK went to workers from EU
Aug 23rd, 2015 by Michael Meacher.UK unemployment, which is still as high as 1,850,000, is now starting to rise again. Combined with the jobs standstill, the lack of momentum in pay makes this the most worrying set of labour market figures for a long time. What is equally disturbing is that almost all the increase in employment since the 2008-9 […]
