Tag Archives: economy

Is this the reason Keir Starmer is so timid about the economy?

Funded by private business: Keir Starmer and Rachel Reeves both receive donations from private businesses, and it is reasonable to conclude that they receive advice (let’s call it that) from those people too. Given that they don’t seem to have much personal understanding of how the economy works, this may be the reason they are now following right-wing, Establishment, ideas that will help billionaires and crush people like you.

That rising star of left-wing journalism Grace Blakely has written an interesting piece for Tribune, stating that Keir Starmer is too timid to run the UK economy for the people – basically because he doesn’t know enough about it.

Starmer relies on his economic advisers, she says, and they adhere to right-wing dogma that prioritises the rich over the poor:

It is no longer radical to argue that the UK economy requires deep, structural transformation. With the power to set taxes, levels of public spending, wages in the public sector, and regulation in the private sector, the British state is the only institution capable of enacting such a transformation… The British electorate is in favour of a radical shift in economic policy.  

Keir Starmer is undoubtedly a timid and conservative leader… His expert advisers inform him, allegedly objectively, which kinds of policies would be good for ‘the economy’, and he rigidly adheres to their advice.

Without ever providing any evidence, policymakers will state that ‘the economy’ requires tax cuts, or public spending cuts, or deregulation. Experts will nod along and, without the ability to challenge them, most people will simply accept their word as gospel. 

And the policies these ‘experts’ promote just so happen to privilege the interests of the already wealthy while eroding the power of the working classes.

An example of this in action is the National Health Service. When he was campaigning to be Labour leader in 2020, Starmer said he would follow Jeremy Corbyn’s policy to increase income tax on the top five per cent of earners.

This would allow more spending – for example, on the NHS. But now Starmer has rowed back on this pledge, despite the fact that it would help re-balance the economy, which the Tories have tilted to give more money to billionaires:

And now we learn that he’s giving a speech today (Monday, May 22, 2023) saying that the NHS doesn’t need more money – he thinks it is “not serious” to suggest that the NHS’s current issues can be fixed solely with more money.

He won’t say how he’ll change the way the NHS works in order to fix those issues, though – probably because he doesn’t know.

His favoured solution is to bring in more privatisation – as advocated by his Shadow Health Secretary, Wes Streeting.

Why does he say this? Would it be unreasonable to suggest that it is because they are both receiving donations from private firms that make a profit from the UK’s health industry?

Private companies don’t make donations to MPs without wanting something in return; we all know that – right?

And if you think that’s bad, what about the money going to MPs so they can employ staff and pay for “office costs”? If private firms or donors are paying this money, are they dictating who gets the jobs – putting their own people in a position to advise our MPs?

If so, then we should be deeply concerned that almost half of the £1 million that has gone to MPs for this purpose was given to just four Labour MPs – including Streeting.

Another major beneficiary is Shadow Chancellor Rachel Reeves.

With so much apparent influence from business people promoting their own selfish interests, is it any wonder that Starmer and his cronies are toeing the Establishment line, rather than supporting the radical, transformative policies of his forerunner Jeremy Corbyn?

Source: How Starmer Abandoned Left-Wing Economics


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Brexit has hit the UK as hard as the Covid pandemic or the energy shocks

The fact: deal with it, Brexiteers.

Believe it or not, there are still some people who haven’t twigged that Brexit has harmed the UK economy.

So here’s their regular reminder. Consider it a sort of top-up:


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British people are more concerned about the UK economy than before Jeremy Hunt’s Budget

Last week’s Budget made people more concerned than reassured about their finances, with more than a third more concerned about the economy than before Jeremy Hunt’s speech, polling has found.

Ipsos discovered that people blame the Tory government for much of the UK’s current economic difficulty, while a separate poll for Opinium found that more than twice as many voters (43 per cent) would prefer a Labour government led by Keir Starmer to be running public services and the economy than the Tories (17 per cent).

Only 13 per cent of people said they felt more reassured about their personal finances after March 15, with 12 per cent saying the same on public services, the PA news agency said.

A mere 22 per cent said the Budget left them more reassured about the state of Britain’s economy, while 35 per cent said it had made them more concerned about the economy and public services and 37 per cent said they were more concerned about their own finances.

On individual policies, the energy price guarantee extension was backed by 74 per cent of people, while 70 per cent supported the fuel duty freeze and 59 per cent backed the expanded childcare package.

But freezing income tax thresholds – so more people while pay higher rates of tax as their salaries and wages rise – and awarding an annual £1m prize for AI innovation had more opponents than supporters.

60 per cent of voters blame decisions by Hunt and Rishi Sunak for the current state of the economy.

But here’s the real kicker: two-thirds said economic policies over the last 13 years of Tory and Tory-led government are responsible.

The verdict is clear:

If Rishi Sunak thought this Budget would save the Tories from future electoral wipeout, he needs to think again.

Source: Brits now more concerned about state of UK economy than before budget, polling finds


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Reality check (something for the weekend)

B

The image says it all.

While the people of the UK point out that raw sewage is being pumped into our waterways, the UK has the poorest economy of all G7 countries, Brexit is a disaster, supermarket shelves are empty, people can’t pay their energy bills, the NHS is in crisis and everyone is on strike…

… all Rishi Sunak and his gang can say is, “Stop the boats.”

Pathetic. Miserable. Unacceptable.


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Jeremy Hunt says the economy is in the toilet because we’re unlucky. Why is he still so rich, then?

This is new from Gary Stevenson – and it’s right on the button.

He says Chancellor Jeremy Hunt is blaming the fact that the UK economy is in a terrible state and poor people keep getting poorer on “black swan” events – disasters that should be extremely rare (like black swans). That we’ve been unlucky, basically.

But extremely rich people like him keep getting richer, don’t they?

So is it really bad luck? Or is it a plan?

Here’s Gary:

It’s an excuse.

Hunt, those who came before him, and his entire political movement, have created a system in which the rich get richer and the poor get poorer – but is using news stories as scapegoats.

It is our duty to challenge him on his nonsense every time he spouts it.


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Tories try to whitewash their economic failures – ahead of the Budget? Have the facts

Economy with the truth: I know Boris Johnson hasn’t been prime minister for a while but the words are just as appropriate for Rishi Sunak and his Chancellor, Jeremy Hunt.

The Conservatives have tweeted a nonsense claim that the UK economy has recorded the fastest growth out of all G7 countries – probably in an attempt to whitewash their economic failures ahead of next month’s budget statement.

It’s entirely possible that the four per cent growth claimed by the Tory government was the highest of 2022 – but the UK was coming from behind everybody else due to the Tory government’s Covid pandemic cock-ups (and Brexit), and remains behind everybody else overall.

And matters are due to get worse, with no growth at all projected for 2023.

Watch Peter Stefanovic’s video clip, below, for the facts about the UK economy.

He’s promising to repeat these facts every day if he has to, and I hope he does.

It might be the only way to make sure the truth gets to everybody, when the mainstream media are full of Tory half-truths and lies.


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The chairman of NatWest understands the problems facing the UK – why can’t Rishi Sunak?

Rishi Sunak: the economy is beyond the understanding of this former Chancellor of the Exchequer, who is now the UK’s prime minister.

This Writer is guilty of terrible omissions in my political viewing habits; I keep forgetting Robert Peston’s interview show.

This week, he was talking to Howard Davies, chairman of NatWest, along with Labour’s John McDonnell and Ruth Davidson of the Conservatives, and it was Mr Davies who proved most interesting.

He laid into former PM Liz Truss, who has claimed she was brought down by a mythical “left-wing establishment”:

His words were supported by Mr McDonnell, who explained how he had planned for a future Labour government in 2017 and 2019 by liaising with the relevant economic movers and shakers in order to be sure that everybody knew what he was planning. He considered Truss’s failure to prepare as “incompetent”:

Mr Davies also described the economic levers that he believed were tipping the UK into recession – including Brexit, despite Tory claims to the contrary:

And he said although the recession was likely to be shallow, it would be hard to bring it to an end because the government has no plans to do so:

This is unsurprising. If a government refuses to accept the reasons for recession (like Brexit), then it is unlikely to be able to plan a successful way out.

But that leaves the question: if Howard Davies can recognise the problems, why can’t Rishi Sunak?


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Is Gary Stevenson the new hero of British politics?

Gary Stevenson is a former City trader who became a campaigner against economic inequality after making a fortune betting on the economy worsening as a result of government policies.

He appeared on the BBC’s Politics live and spoke more sense than the rest of the panel combined, on subjects including wealth taxes for the rich and new ‘Levelling Up’ funding.

Here’s what he had to say. Judge for yourself.

I’ll see if I can find more from him.

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https://www.crowdjustice.com/case/mike-sivier-libel-fight/


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Keir Starmer promises ‘national renewal’ under Labour. How’s he going to fund it?

Keir Starmer’s first major speech of the year promised a decade of “national renewal” – but he said Labour would not spend money to achieve this.

How is it going to happen then?

Challenged on it, he said he’d get rid of non-dom tax exemptions and stop private schools having charity status as well. That raises around £4.5 billion – which is a tiny fraction of the £180 billion NHS budget alone.

So what’s the point of a Labour government that won’t spend more than the Tories to build an economy that can actually grow?

All he could offer was waffle. But then, who believes anything he says, anyway? He used to oppose HS2 but now he wants to take it further than the Tories were planning.

See the following for his babblings, plus analysis:

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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Sunak refuses to apologise for turmoil caused by Truss

Rishi Sunak has refused to apologise for the economic turmoil Liz Truss’s government caused.

Speaking in Bali at the G20 summit, refused to apologise six times for the decisions his forerunner made, which caused severe financial turbulence that continues at the time of writing.

But he did acknowledge that “mistakes were made,” and said: “What I want to do now is fix them.”

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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