
Prof Prem Sikka: Private equity is sucking the life out of British businesses
‘Private equity is the architect of the next crash which will hit every household’.

‘Private equity is the architect of the next crash which will hit every household’.

‘There is no charter of people’s rights and parliament is weak and unable to hold government to account.’

UK politics is increasingly framed by markets, corporate profits and tax cuts rather than concerns about humanity, compassion and care, says Prem Sikka.

Tories want to push their favoured insurance-backed approach, which at best will only benefit a few wealthy individuals, says Prem Sikka.

‘The government’s mantra is that it is rebuilding the post-Covid economy by ‘levelling-up’, but it is hard to discern any policy that is reducing inequalities’.

‘Ministers have eagerly embraced the idea of NEDs and enrol trusted soldiers to advance their ideological projects.’

‘The last forty years of neoliberal coup has restructured the UK state so that instead of being a provider of public services it has become a guarantor of corporate profits and enrichment of the few.’

‘The NHS has been one of the greatest social achievements. Its existence, as known, is under threat.’

The government is hoping to alleviate skills shortages by recruiting individuals from all over the world. A key part of this is the recognition of foreign qualifications.

Corporations could find it easy to dodge the G7’s proposed new tax rules.