Winning the argument on taxation is the key to reviving the left

One issue yet to be dissected by contenders to the Labour crown is taxation – and more specifically its principles. We may still be licking our wounds from one of our worst electoral defeats in history, but timidity is no recipe for renewing and building a revitalised progressive force to counter the growing threat posed by the ConDem coalition government.

The week outside Westminster

There were scenes of violence and riots as Northern Ireland faced its contentious 12th July parades, injuring a police officer. Northern Ireland’s political leaders were united in their condemnation.

What’s the damage?

We have been warned that next week’s Emergency Budget could bring pain for years to come. Cameron’s coalition has promised that such pain is inevitable but that the medicine will be administered fairly. But there remain many questions about what such ‘fairness’ means in practice.

Banking was already broken before the crash

The report deals comprehensively with the issues of structure, regulation and the culture and ethics of banks. However, it stops short of openly recognising and addressing three key failings of the UK banking system that existed even when CDOs were mere glints in the bankers’ eyes