Tag Archives: McDonnell

Windfall tax on pandemic profits should wipe out Covid-19 related debt says McDonnell

John McDonnell: he would have revolutionised the UK’s economy. Instead, the Tories have saddled one-tenth of the population with debt so great that they cannot pay their regular bills.

A former Shadow Chancellor has proposed a radical set of plans to clear the debt created by the Tory government’s cack-handed handling of the Covid-19 crisis.

John McDonnell pointed out that the richest firms in the UK have profited hand-over-fist during the crisis, and should pay a windfall tax to help pay for the measures to end it – which would ultimately help them, of course.

His proposals were not an attack on businesses, though – they were a criticism of a speech by current Labour leader Keir Starmer, whose best idea was to get members of the public to give all the money they have managed to save during the crisis to a new investment bank – meaning the nation’s poorest would foot the bill (again). What a socialist Starmer is!

In fact, according to Citizens Advice, more than six million people have fallen behind on their bills because of Covid-related hardship, and the number in severe, problem debt has doubled to 1.2 million.

They don’t have any spare cash for castle-in-the-air investment banks!

McDonnell said a comprehensive package of debt cancellation was needed to get the UK back on its feet, including high-cost debt, old debt, unmanageable rent and student debt – all to be supported by a windfall tax on businesses that have raked in billions of pounds over the last year.

He called for the creation of a ‘Debt Charter’ to tackle the causes and consequences of debt in UK society.

Improved benefits and a £10-an-hour living wage, along with restored universal basic services, should be deployed to prevent people from getting into debt in the first place, he said.

He called for a cap on interest rate charges and a ceiling on overdraft fees and interest payments to “rebalance power between lenders and the indebted”.

And he said bailiff visits should be suspended at least until the whole of the UK has been vaccinated against Covid-19.

This is the kind of thinking we need at this time.

We could have had it, too – if only millions of people had not been hoodwinked by anti-Labour propaganda at the 2019 general election, including a Tory campaign that was found to be more than 80 per cent lies.

So if you find yourself struggling with debt for years to come, while the Tories, their client media and their business-oriented doners tell you you’ve never had it so good, just remember that you could have had it better.

And remind everybody you know not to be fooled again.

Source: Impose windfall tax on pandemic profits to wipe debt slate clean, says McDonnell | The Independent

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MP of the Year award attacked over harmful corporate sponsor. Time for a campaign to remove it?

KPMG: this corporation, part of the Atos group that has done so much harm to sick and disabled people, sponsors the Patchwork Foundation’s MP of the Year awards, Should it?

It seems the only element likely to stop Jeremy Corbyn from winning the Patchwork Foundation’s MP of the Year award is the fact that it is sponsored by corporations that have contributed to the oppression of the poor and vulnerable.

Mr Corbyn is on the shortlist of MPs for whom the public is asked to vote.

But some supporters of the former Labour leader – including his own former Shadow Chancellor – are having nothing to do with it because it is sponsored by firms including KPMG.

The controversy sprang up on This Writer’s Twitter feed overnight, springing from discussion over whether certain vested interests would allow Mr Corbyn to win, after their success in ousting last year’s popular left-wing candidate, Chris Williamson.

Paula Peters, a popular campaigner for people with disabilities and friend of This Site, raised the alarm:

It was confirmed by others:

Atos is the company that – now under an alias – carries out assessments of benefit claimants’ ability to work, when they claim sickness and/or disability benefits. It took over KPMG in 2002, and it seems some have little to say in its favour.

The firm’s record for refusing benefits to people who genuinely deserve them – who have then gone on to suffer extreme hardship and, in many cases, death – is well-documented on This Site and elsewhere.

It reflects extremely poorly on the Patchwork Foundation that it would seek – or allow – sponsorship of any of its work by a firm of such character.

KPMG’s sponsorship of the award is not well-signposted; it appears as one of many on a tickertape at the bottom of the awards’ web page.

Paula’s tweet sparked strong responses:

For This writer, the most telling comment in the discussion is Paula’s below:

So perhaps that is what should be done.

Obviously I am too busy with annoying distractions like my two court cases to take on another campaign, but would anybody like to launch one calling on the Patchwork Foundation to decline sponsorship from organisations that are known to cause harm to people?

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.

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


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