George Osborne has spent his tenure as chancellor by implenting cuts, making the poor poorer and increasing the wealth of the top 1%. One of the worst things he has done was selling off Royal Mail. He sold it to a friend at 1/3 of the market value. The share values shot up instantly and … Continue reading The bank of George
On 16 January a very interesting article appeared in the Financial Times. It was written by Philip Stephens, associate editor of the FT. And its message was simple and direct: the banking system is – still – broken. ‘The bankers have got away with it. They have seen off politicians, regulators and angry citizens alike … Continue reading A long-term answer to deep-seated problems: Ed Miliband tackles the bankers, and sets Osborne’s political agenda.
Party-funding has slipped out of the headlines. Must be those important economic moves by Mr Pickles to allow parking in driveways and force the building of wheelie-bin shelters which have driven it off the agenda. [Might think about building affordable and social houses first, Eric]. Well, this is after all the ‘silly season’ in politics.
Analysis of Conservative Party donations from April to June, shows that they received £1,042,970.93 in this last quarter from donors who attended private dinners with David Cameron and other senior Ministers.
This includes £694,370 from donors in the financial sector.
The Tories’ own list of donors who attended Leader’s Group dinners in the second quarter of 2013 is published here.
And here’s a list of…
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Following the 2010 general election, Chancellor George Osborne and Danny Alexander, his Lib Dem assistant, argued that Britain’s indebtedness was as bad as that of Greece. Our own Greg Mulholland has parroted the same line, trying, typically, to implicate the Labour party.
So British debt like Greece?
Well it wasn’t and it isn’t and it won’t be.
As it happens, neither important international organisations such as the International Monetary Fund nor national ones like the Institute for Fiscal Studies agree with Osborne and Alexander.
These organisations do think there is a problem with debt in the UK. There obviously is. Too many people have acquired too much personal debt in the guise of mortgages and credit cards, for example.
And, of course, the previous Labour government had to bail out the corrupt and corrupting banking system at the cost of hundreds of billions of pounds.
So what can be said…
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Tomorrow is Europe Day, 9 May. With all the bilge in the right-wing press about the EU, it's good to be reminded of the many positive things Europe has meant. Here are 5 Facts about the European Union - from our MEP, Linda McAvan 1. The European Union protects your worker's rights. Your right to … Continue reading “So what did Europe ever do for us” – quite a lot, really, as Linda McAvan, MEP for Yorkshire and Humber, reminds us
Ed Miliband is today setting out six of the key economic Bills that would appear in a Labour Queen’s Speech next week: a One Nation programme with new ideas to begin turning Britain’s economy around. Labour’s economic plans include: • A Jobs Bill to put in place a Compulsory Jobs Guarantee. • A Finance Bill … Continue reading One nation – new ideas. What would be in Labour’s Queen’s speech next week
The Labour party is committed to a bottom-up rethinking of its policies – involving everyone. It has created eight policy commissions which are tasked with carrying out the detailed work developing ideas within their specialist areas. They meet regularly to consider the submissions made through the national website. They listen to evidence from experts, and … Continue reading It’s your Britain – have your say. Adel and Wharfedale Labour have had theirs, on banking.
Current accounts are now to be made available from the Post Office.
After the financial crisis, caused by the irresponsible actions of many in the banking sector, it is a sensible move by the Post Office to take on the high street banks – they are a trusted brand and hopefully will be able to compete.
Regretfully, since the last election, our LibDem MP, Greg Mulholland, voted to prepare Royal Mail for privatisation.
Privatisation of Royal Mail would not be a positive move. There are fears that this could affect the universal service provided as private companies could cherry pick the more profitable elements and abandon the rest.
Returning to the Post Office, the current Banking Reform Bill is a real opportunity for the Tories and…
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