Prem Sikka: We’re in the latest stage of a right-wing coup that began in the 1970s
‘The right-wing coup is no respecter of democracy. ‘
Prem Sikka
Prem Sikka: This mini-budget will only increase inequality and poverty
The biggest winners are corporations and the rich. As a result, the government’s borrowing will surge from £72.4bn, to £234.1bn, but won’t provide details of the impact on current and future generations.
The Tories’ energy package is a bailout for private sector profits
‘It is far better to end poverty and bring the energy sector into public ownership. We can’t afford privatisation.’
Prof Prem Sikka: Visiting pawnbrokers showed me just how much people are struggling during the cost of living crisis
‘My brief visits to pawnshops are by no means a scientific study, but they do provide a glimpse of the tragedies inflicted by years of maldistribution of income and wealth, poverty, inequalities and obsession of privatisation which has left many teetering on the edge.’
The scandal of executive pay means we need to democratise corporations
“We need to democratise corporations and have effective accountability embedded in law to secure equitable distribution of income.”
Liz Truss attacks British workers to deflect from Tory failings on the economy
‘The UK has serious problems of skills and low productivity, but they require policies. The idiotic worker-bashing comments by Liz Truss make headlines but offer no analysis of the problems or durable solutions.’
To prevent a recession and grow the economy we have to protect workers’ rights
The lessons for workers are clear. Join a trade union, show solidarity with fellow workers and vote for a political party that will enhance market and political power of labour.
Prem Sikka: The $63.2 trillion shadow banking industry is likely to be site of the next financial crash
Private equity is a key part of shadow banking and has been buying-up many businesses. What private equity entails is private equity firms using funds raised from institutional investors to acquire and engage in buyouts of businesses.
Prem Sikka: Here are 5 immediate steps the government could take to tackle the cost of living crisis
‘Millions of Brits face the choice of living in a cold home, going without food and other essentials, not paying bills, and getting even deeper into debt. There is a strong prospect of riots and social disorder.’
Prem Sikka: Why the government’s Windfall Tax on oil and gas companies doesn’t go far enough
The 25% tax is only on selected profits of oil and gas companies, mainly North Sea profits of what the legislation calls “ring fence trade”.