When I was poor and I complained about inequality, people said I was bitter. Now I’m rich and I complain about inequality, they say I’m a hypocrite. I’m beginning to think they just don’t want inequality on the agenda because it is a real problem that needs to be addressed.” Normally something to pin on […]
Posts Tagged ‘Inequality’
Inequality is booming – top pay needs a ceiling
Nov 30th, 2014 by Michael Meacher.This is an abridged version of the speech Michael Meacher made to the House of Commons on Thursday calling on the Government to set guideline targets for remuneration which over time reduce the ratio between top and bottom incomes in large organisations to no more than 50 to 1. The excesses of extreme inequality are increasingly […]
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The economy, the state and my crisis of faith
Nov 5th, 2014 by Daniel McAteer.Last week I had a crisis of faith in Labour. Looking at the Scottish polling, it looks as if Labour’s journey back to government may be longer and harder than we thought. Yet that is not what caused my questions to synchronise into a cacophony of doubt. My worries are for what happens if we do get […]
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Britain is the only G7 country where inequality has got worse this century
Oct 31st, 2014 by Michael Meacher.The amount of UK wealth controlled by the richest 10% in the population increased to 54.1% this year, a rise from 51.5% in 2000, according to the annual Credit Suisse global wealth report. Most of this rise has actually occurred since the financial crash since in 2007 their share of wealth was 52%. They have […]
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Labour should make inhumanity of Tories a key electoral issue
Oct 30th, 2014 by Michael Meacher.The Tory government’s decision to withdraw from the search and rescue missions in the Mediterranean where tens of thousands of refugees are fleeing their war-savaged homelands is an act of pitiless inhumanity. Already this year alone some 25,000 people have arrived in Italy, and similar numbers from Eritrea, with thousands more from Iraq, Nigeria and […]
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Things Labour needs to do to beat UKIP #2: raise pay and cap the cost of living
Oct 19th, 2014 by Jon Lansman.Whilst Ed Balls stuck stubbornly to accepting that the economy was now growing rather than “flatlining“, with his disastrous conclusion that you couldn’t fund spending by borrowing in the up-swing, Ed Miliband was absolutely right last year to focus on the cost of living. “The first and last test of economic policy is whether living standards for […]
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Labour needs a shadow Minister specifically to tackle inequality
Oct 18th, 2014 by Michael Meacher.The gravy train rolls on reaching ever more sickening heights of greed, selfish gratification and disregard for the ever deeper miasma of poverty that disfigures our country. The latest figures show that the richest 10% of the UK population, who already owned 52% of UK wealth just before the 2008 crash, have become significantly richer […]
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Tories now wide open to attack: when is Labour going to exocet them?
Oct 5th, 2014 by Michael Meacher.Even on their own terms the Tories are now exposed to assault on several grounds. Cameron threw down the gauntlet by asking: Who do you trust? Labour should pick it up. Large majorities in the electorate think the Tories are the party of the rich, not for them; witness the tax cuts for millionaires and […]
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The Tory party’s 15% strategy
Oct 2nd, 2014 by Phil Burton-Cartledge.Thankfully conference speeches don’t win general elections. There is no denying that Dave’s final performance at the Tory party’s annual gathering was masterful. It oozed the prime ministerial, that much exalted but seldom-attained quality. His speech was passionate, confident, coherent. Apart from an untimely Freudian (“… these are the people we resent“), Dave acted the […]
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FTSE-100 CEOs now on average paid 143 times more than their staff
Aug 20th, 2014 by Michael Meacher.The inequality between business leaders and their workforce has now reached an all-time high. According to the pay consultancy Manifest/MM&K, the typical FTSE-100 chief executive is now paid £4.7 million a year (over £90,000 a week), whilst the typical FTSE-100 employee gets 143 times less. This is the average position, which means there is a […]
