Carney’s rose-spectacled survey of the economy as Parliament returns does not convince

The UK economy’s ticking over fine: that’s the view of Carney, Osborne’s man.   So that’s alright then.   Or is it?   With time-honoured spin we were treated to the most optimistic scenario on every count, with the flip-side downturn kept carefully out of sight.   His central message was that “there is no … Continue reading Carney’s rose-spectacled survey of the economy as Parliament returns does not convince

It isn’t a ‘lower tax, higher wage’ economy as Osborne boasts, it’s actually a higher tax, lower wage economy

One has to give it to Osborne, he’s extremely good at branding whatever he doesn’t like with a clever, pejorative – but false – jingle.   ‘The merry-go-round on welfare’, ‘strivers versus shirkers’, ‘Labour left behind this economic mess’ , and ‘austerity’s painful decisions are the only way to cut the deficit’ immediately spring to … Continue reading It isn’t a ‘lower tax, higher wage’ economy as Osborne boasts, it’s actually a higher tax, lower wage economy

The economy is in far worse shape than Osborne let’s on: here’s why

Osborne’s portrayal of the British economy as having “the fastest rate of recovery of any advanced nation in the world”, which he again repeated yesterday, is sheer poppycock.   He continues to boast that GDP growth can be expected to average some 2.5% per annum over the period ahead, but on every key economic indicator … Continue reading The economy is in far worse shape than Osborne let’s on: here’s why

Osborne’s obsession to privatise RBS is triple whammy against taxpayers, economy & reform

Why sell off the 80% stake in RBS when the Brown government bailed it out in 2008 at a cost to taxpayers of £45bn, yet today’s share price would fetch only some £32bn?   That’s a £13bn loss for taxpayers which, as it happens, is almost exactly the sum that Osborne is pledged to raise … Continue reading Osborne’s obsession to privatise RBS is triple whammy against taxpayers, economy & reform

Why doesn’t Labour lambast the Tories on their weakest point – the economy?

It is strange that Labour hasn’t launched a full frontal attack on the Tory handling of the economy over the last 5 years, because it’s been deplorable.   The only points the Tories make in defence of their own management are growth and jobs.   But look at the record.   Osborne’s bizarre idea that … Continue reading Why doesn’t Labour lambast the Tories on their weakest point – the economy?

Do we want predatory capitalism or an economy geared to the common good?

Despite the predictable whines of some FTSE-100 bosses reported yesterday about a post-election Labour-SNP pact, Ed M should flesh out more about his vision to replace ‘predatory capitalism’ both because that is what a majority of people want and also to put paid to the ignorant mantra that self-interested executives like to propagate that anyone … Continue reading Do we want predatory capitalism or an economy geared to the common good?

Osborne thinks economy is trump card, but it’s a joker not an ace

Osborne boasts interminably about success with his ‘long term economic plan’, but even the slightest scrutiny of the evidence shows that his claims don’t remotely stand up.   Labour should be eating him alive. 1  After the 6-7% collapse of output brought about by the financial crisis, output per head has grown by less than 2% … Continue reading Osborne thinks economy is trump card, but it’s a joker not an ace

Why doesn’t Labour take on the Tories over the economy?

It is bizarre that Osborne continues to preen himself that the economy is such a strong card for the Tories at the election when in fact every aspect of the UK’s economic performance is looking bad and getting worse.   Today it was reported that the growth rate in the final quarter of 2014 was … Continue reading Why doesn’t Labour take on the Tories over the economy?

The on-demand economy is an even greater threat than zero hours contracts

Much of the debate about the fast-growing on-demand economy has centred around Uber.   Uber drivers get paid only when they work and are responsible for their own pensions and health care.   Risks borne by companies are being pushed back on to individuals, and this has huge implications for the organisation of work, the … Continue reading The on-demand economy is an even greater threat than zero hours contracts