Prof Prem Sikka: Rishi Sunak’s measures fail to address the systemic factors behind the cost-of-living crisis
‘The government has failed to address the systemic factors behind the cost-of-living crisis. ‘
Prem Sikka
Prof Prem Sikka: Britain’s cost of living crisis is mostly manufactured by government policies
The annual rate of inflation has hit 9%. Average wages during the first three months of the year increased by just 4.2%.
Prof Prem Sikka: The government’s audit reform bill will not do anything to end auditing scandals
The proposed Bill is part of gesture politics. It will do little, if anything, to improve audit quality.
This is why essential industries need to be brought back into public ownership
Privatised industries pursue short-term objectives rather than long-term social objectives
Prof Prem Sikka: A right-wing coup is intensifying in Britain and ordinary people must oppose it
‘Without a strong social movement of the people, the coup will further intensify.’
Prof Prem Sikka: Tax legislation in the UK benefits the interests of the rich
‘UK governments are dressed-up in the garbs of democracy, but continue to privilege the interests of wealthy elites and footloose capital.’
The government has facilitated frauds and tax dodges running into tens of billions of pounds
‘The UK economy is in dire straits. It has the highest level of reported government fraud, the highest level of taxation for 70 years, and the biggest decline in living standards since the Second World War’
The UK’s tax system is regressive, rewards the wealthy and is in urgent need of reform
‘The UK tax system is regressive. It penalises workers, pensioners and their families. It rewards speculators and rentiers. It favours financial speculation over the hard graft of work’
Rishi Sunak did nothing to help those struggling with the cost of living crisis
‘Despite the hype, the government has done little to help people navigate the immediate cost of living crisis. No attention has been paid to the causes of poverty.’
Here’s how we can reset the economy and undo the damage done by neoliberal policies
‘It is only the visible hand of government policies that is condemning people to poverty and hardship.’