The UK’s scandal-ridden finance industry is no model for sustainable economic development
‘The City of London has never been a model for any kind of responsible conduct. It has looted people’s savings, investments, and pensions for decades.’
Prem Sikka
The UK is on the road to an elected dictatorship
Professor Prem Sikka looks at the government’s latest power grab
The energy price crisis is also down to the UK’s obsession with privatisation
This week Shell reported that its profits have increased from $4.85bn to $19.3bn as rising energy prices have filled its coffers.
Prof Prem Sikka: The government is plumbing to new depths of waste, incompetence and fraud
‘The latest evidence of incompetence is in the annual report and accounts of the Department of Health and Social Care for the period ended 31 March 2021.’
The UK is more corrupt than what most people think
‘The corruption takes different forms and always leaves innocent people worse-off, but there is no end in sight.’
The UK government’s economic policies have also contributed to the Covid death toll
‘A public inquiry needs to go deeper and consider the effects of government economic policies, corporate profiteering and low pay on daily life.’
Accounting firms are at the heart of corruption in the UK
‘Accounting firms have been doing audits for over a century, but still can’t deliver robust and honest audits.’
Prof Prem Sikka: Here’s what the government needs to do to tackle the energy bill crisis
‘Governments which have handed £895bn of quantitative easing to speculators can also create money to help hard pressed households’.
Prof Prem Sikka: The Tory government has used the cover of Brexit for its never-ending class wars
‘Promises can enrol people but many can’t easily be delivered.’
Prof Prem Sikka: Income and wealth need to be redistributed and public services rejuvenated
‘The neoliberal economic policies have increased social tensions but have failed to energise the economy. They have impoverished people and turned town centres into economic deserts.’