We need to invest directly in new industries, promote equitable distribution of income and wealth, reform corporate governance and take action on dead-weights dragging the economy down.
Interest rate rises transfer wealth from the public to rentiers
The controversial strike reforms have suffered more defeats in the House of Lords. The government has promised to overturn the latest Lords’ amendments.
‘The UK inflation rate is high because of failed government policies’
‘The rot set in 1989, when the Conservative government privatised ten state-owned regional water boards’
High prices are a barrier to home ownership, but no party has explained how it is going to reduce them and what the consequences of that may be.
‘Any political party seeking to avoid long-term economic stagnation and social disorder needs to do two things – increase workers’ share of GDP and reduce capital’s share.’
Instead of addressing the real problems faced by people, Chancellor Jeremy Hunt’s budget has delivered the usual cocktail of austerity, low wages, higher taxes for the masses, and tax cuts for corporations and the rich.
‘In pursuit of the high returns in the shortest possible time, the finance industry has moved into the high street.’
‘In fast-tracking the Bill, the beleaguered Prime Minister Rishi Sunak is resuscitating the ghost of former Prime Minister Margaret Thatcher’
