
Prof Prem Sikka: The UK insolvency industry is corrupt and reform is long overdue
‘The insolvency industry is the ‘wild west’ of our times’

‘The insolvency industry is the ‘wild west’ of our times’

‘Even before the proposed suspension of the triple-lock, 2.1 million retirees (18%), including 1.25 million women, live in poverty compared to 1.6 million (13%) in 2012-13.’

‘The government could help households by freezing rents, energy and train fare prices. It could eliminate profiteering by bringing vital industries such as gas, water, electricity and railways into public ownership, but that is not on its agenda.’

The leader may have appeased neoliberals and corporate grandees but that will not help to build a good society or a sustainable economy.

‘False or bogus self-employment is a major reason for low pay’.

‘Under the Bill, protests could be banned because they are deemed to be noisy and disruptive and participants could be prosecuted’.

The government did not have to hit retirees and the less well-off. Billions could be raised through progressive measures.

‘In March 2021, the outstanding student debt was around £141bn’.

‘Profit-seeking accounting firms cannot deliver honest and robust audits. But the government continues to indulge the auditing industry’.

‘One reason for the persistence of inequalities is that too many legislators are far removed from the social world inhabited by marginalised people’.