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 […]
Posts Tagged ‘Debt’
The justification for Corbynomics goes far beyond re-nationalisation
Aug 26th, 2015 by Michael Meacher.
Try as he may, Osborne cannot “eliminate the deficit”
Jun 17th, 2015 by Ann Pettifor.The Fabian Society invited Nicola Smith of the TUC, Dan Corry – once a Labour government adviser – and me to address their Summer Conference ten days ago. The theme: how can Labour restore its economic credibility with the electorate? The audience was large – about 300 earnest, well-informed and assertive Fabians. The discussion was […]
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Osbornomics goes toxic
Jun 11th, 2015 by Michael Meacher.Osborne’s Mansion House speech last night reverts to the old-fashioned economics of the governor of the bank of England in the 1920-30s, Montague Collet Norman, which led to the General Strike of 1926 and the Wall Street crash of 1929, followed by the desperate misery and hand-to-mouth subsistence of the 1930s which was so etched […]
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Greek myths retold: confronting the ideologues of austerity
Apr 25th, 2015 by Michael Burke.The world economy is not strong and the President of the United States is sufficiently concerned about new shocks to it that he recently met the Greek Finance Minister to urge ‘flexibility on all sides’ in the negotiations between the Syriza-led government and its creditors. US concern is fully justified. In any attempt to reach agreement it […]
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The economy should be Labour’s turf, not the Tories’
Jan 21st, 2015 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 […]
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Osborne sets the debt collectors on little people but ignores fat cat tax dodgers
Jan 3rd, 2015 by Michael Meacher.Osborne unveils the classic Tory way to collect unpaid taxes and fines. Ignore HMRC and DWP which are there precisely for this purpose, but suffer from a fatal disadvantage – they’re in the public sector. So strike a deal instead with a private US-owned company – creating a joint venture with TDX Group, a so-called […]
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Public borrowing under Osborne now going UP
Sep 28th, 2014 by Michael Meacher.The whole point of the austerity programme imposed by Osborne was supposed to be to reduce the budget deficit. The latest data on the deficit however shows a dramatic and disturbing turnabout. Instead of going down, it is now rising, and there are good reasons for expecting this trend to continue. Official data shows that […]
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Activists prepare for another day of action against student debt
Nov 19th, 2013 by Keith Wright.University campuses across the country will play host to another day of action against the privatisation of student debt, this Wednesday, 20th November. This follows numerous student actions on the 5th November “bonfire of austerity”, along with a week of action in late October which saw the offices of several Lib Dem MPs targeted. Students […]
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Student “debt-in” in protest at loanbook privatisation
Nov 7th, 2013 by Keith Wright.Students and staff at the University of Cambridge this week (Tuesday 5th November) staged a “debt-in” on King’s Parade, in opposition to the government’s plan to privatise student loans, which could see interest on such loans being retrospectively doubled. This comes after a number of actions taking place in London last month, including the targeting […]
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The German elections will not change a thing in the Eurozone
Aug 15th, 2013 by Tom Gill.Interview with Italian economist Emiliano Brancaccio by Peter Vernizzi translated by Tom Gill As far as austerity is concerned, even after the September elections Germany will not turn the page. The Germans have benefited from the crisis, and even if the Bundesbank itself has reservations about the general direction of European economic policy, Berlin has no interest in […]
