It is strange that Labour hasn’t launched a full frontal attack on the Tory handling of the economy over the last 5 years, because it’s been deplorable. The only points the Tories make in defence of their own management are growth and jobs. But look at the record. Osborne’s bizarre idea that contracting the economy […]
Posts under ‘Investment’
Why doesn’t Labour lambast the Tories on their weakest point – the economy?
Apr 22nd, 2015 by Michael Meacher.
Productivity is central flaw in Tory economic argument
Apr 5th, 2015 by Michael Meacher.One of the company bosses signing the Telegraph letter sought to clinch his case by saying it was ‘madness’ to abandon the government’s economic policy since it was only half done and they needed to ‘finish the job’. But what is half done? Not reducing the deficit since it was £118bn when Alistair Darling’s two […]
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Vote Tory and you’ll never have it so good again
Apr 4th, 2015 by Michael Burke.There is an old joke, not a very good one, that the definition of a consultant is someone who you pay to tell the time who then asks to borrow your watch. Osbornomics, the specific variant of austerity economics that operates in Britain is similar. The British economic ‘recovery’ is the centrepiece of the Tory […]
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Who do these presumptuous Telegraph letter-writing businessmen think they are?
Apr 4th, 2015 by Michael Meacher.What does it matter what these 103 businessmen say who’ve signed the Telegraph letter? None of them wrote the letter – it was a party political stunt concocted by the Tory party to to get some cheap publicity in praise of themselves. But why does the Tory party think these names matter? It’s not as […]
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Do we want predatory capitalism or an economy geared to the common good?
Mar 29th, 2015 by Michael Meacher.Despite the predictable whines of some FTSE-100 bosses reported yesterday about a post-election Labour-SNP pact, Ed M should flesh out more about his vision to replace ‘predatory capitalism’ both because that is what a majority of people want and also to put paid to the ignorant mantra that self-interested executives like to propagate that anyone […]
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Osborne’s boasts were lies – his was not a budget for a prosperous Britain
Mar 25th, 2015 by Michael Meacher.The truth finally came out. Osborne claimed that the deficit was being cut this year when in fact that is only due to the exceptional delaying of tax payments till the end of the fiscal year by the super-rich in order to take advantage of the reduction in the top income tax rate to 45%. […]
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Why we should say NO to welfare cuts in the next Parliament
Mar 22nd, 2015 by Michael Meacher.There is an auction taking place on the size of the welfare cuts to be imposed in the next 5 years. The Tories are arguing for £30bn cuts in the first 2 years to 2017-8 via no tax rises, £12bn in welfare cuts, £5bn in extra corporate tax evasion revenues, and bigger departmental cuts (up […]
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What the 3 main parties aren’t telling you: a radical way out of austerity
Mar 16th, 2015 by Michael Meacher.On budget day this Wednesday (18 March), I and 16 other contributors are launching in the House of Commons our book What the Three Main Parties are not Telling You: A Radical Way out of Stagnation and Inequality as a counter-blast to Osborne’s demand for another 5 years of austerity. Mariana Mazzucato refutes the conventional […]
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Austerity didn’t even cut the deficit
Mar 10th, 2015 by Michael Burke.The Coalition parties are set to feature deficit reduction as a central achievement of their time in office as part of the election campaign. The economic crisis is driven by the excessive saving of the private sector – its refusal to invest. As the government’s deficit is a response to this private sector saving, cutting […]
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The truth about Labour and Austerity
Mar 2nd, 2015 by Paul Cotterill.The labour movement’s post-election battleground: Part I of II Back in January, I was invited by Left Futures to provide a response to a post by Trevor Fisher. Trevor considers Labour a lost cause when it comes to austerity. This is his conclusion: The objective of the austerity movement is to destroy everything that Lloyd […]
