The wheels are falling off Tory housing policy too

The desperate search for shrinking votes has pushed Iain Duncan Smith into yet another spectacular own goal.   His latest pet idea is to extend the Right to Buy to Britain’s 2.5m housing association tenants.   However, whilst social homes are owned by Councils, this latest Tory brainwave means selling off housing association assets which … Continue reading The wheels are falling off Tory housing policy too

The one thing holding Labour back is the lack of an economic policy: that must change, & fast

It is staggering that after 3 years of brutal austerity the electorate, according to recent polls, believes even more than in 2010 that Osborne’s policy of incessantly cutting expenditure to balance the books is both necessary and right, when patently it is neither.   It isn’t just the relentless Tory propaganda that Labour left behind … Continue reading The one thing holding Labour back is the lack of an economic policy: that must change, & fast

Pushing even harder on a piece of string is not an economic policy

The wild euphoria attending the appointment of Mark Carney as the new Governor of the Bank of England will soon be put to the test.   In principle his ‘big idea’ of targeting nominal gross domestic product (i.e. real growth on top of inflation rather than inflation alone)  is good insofar as it gets away from the inflation fetish … Continue reading Pushing even harder on a piece of string is not an economic policy

Tory housing policy, like the economy, hits the buffers

Housing is the biggest social disaster area in Bitain today, and the report published today of Sir Adrian Montague, chair of 3i investment group and big donor to the Tories, reveals all too clearly why Tory housing policy is stuck in an impasse from which it cannot escape.   Even he admits that housing demand has … Continue reading Tory housing policy, like the economy, hits the buffers

We should end socialism for the banks

As has often been said, the banks have a policy: privatise their gains, socialise their losses.   However we should have a different policy: make the banks pay for what they have done and restructure them so that they can never do it again.   Fat chance of course that anything like this will ever happen under this … Continue reading We should end socialism for the banks

Ed Miliband’s policy review marks the genuine rebirth of the Labour Party

It is incredibly refreshing that Ed Miliband is aiming at a transformation of Britain as radical and profound (though in a wholly different direction) as Thatcher in the 1980s and Blair after 1997.   It will be the first time since the post-war Attlee government that we will have a leadership seriously committed to the restoration … Continue reading Ed Miliband’s policy review marks the genuine rebirth of the Labour Party

Corporate welfare is vastly bigger than benefit fiddling & must be cut to paydown the deficit

Corporate welfare has been estimated in a University of York social policy study to cost British taxpayers nearly £85bn a year.   That is not far short of the current level of the entire budget deficit which is still £100bn.   If industrial-scale corporate tax avoidance were added in to the corporate welfare state, the … Continue reading Corporate welfare is vastly bigger than benefit fiddling & must be cut to paydown the deficit

The Commons debate on ATOS & government treatment of the disabled

  Michael Meacher (Oldham West and Royton, Labour) Research published in March by the think-tank Demos and by the disability charity Scope, which my hon. Friend Mr Bain mentioned earlier, revealed that by 2017-18, 3.7 million disabled people will collectively lose £28 billion as a result of the Government’s cumulative benefit changes. If Scope and … Continue reading The Commons debate on ATOS & government treatment of the disabled