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Filling (or digging?) a ‘black hole’

With the economy slipping into recession, (by all accounts maybe the longest ever), you’d think it would be generally accepted that at the very least, as even right-wing Tory Ian Duncan-Smith acknowledged on TV at the weekend, a bit of ‘Keynesian’ public spending is necessary, if only to stop things getting significantly worse. But paving … Continue reading Filling (or digging?) a ‘black hole’

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As Neo-liberal factions slug it out, how do we pay for energy and public services?

Recent days have seen two factions of Neo-liberalism going head-to-head in a bruising encounter, with mainstream Neo-liberalism moving quickly to crush a rebellious (and even more right wing) tendency led by Prime Minister Truss and Chancellor Kwarteng.  Mainstream Neo-liberalism ( in the UK, also referred to as ‘Treasury Orthodoxy’ and most recently associated with defeated … Continue reading As Neo-liberal factions slug it out, how do we pay for energy and public services?

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The Pound tumbles, but how would Labour pay for it?

Truss and Kwarteng’s tax cutting mini budget has caused disarray on the currency markets, with Sterling tumbling to its lowest ever, meaning rising import prices are likely to cause further inflation. The Bank of England has gone ahead with interest rate rises, warning of more to come – even if it has stopped short from … Continue reading The Pound tumbles, but how would Labour pay for it?

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Why don’t young people join trade unions?

Surveys continue to highlight a wide range of progressive views held by young people (among both Generation Z and Millennials). Polling returns also show high levels of support for Labour (and particularly the Green Party) even if this isn’t reflected in party membership.  Yet barely 1 in 10 workers under 24 belong to a trade … Continue reading Why don’t young people join trade unions?

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Tory leadership contest. Tax cuts, debt and ‘future generations’

Sunak and Truss continue to squabble over economic policy, Sunak repeatedly claiming his opponent's promise of immediate tax cuts  is akin to putting increases in national debt on 'credit card' for future generations to pay. Despite being told by his ex-boss to spend billions on Covid support and the furlough, Sunak is on the ‘balance … Continue reading Tory leadership contest. Tax cuts, debt and ‘future generations’

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Stagflation – young people even more likely to be affected.

It’s now widely predicted that the economy will enter a prolonged period of ‘stagflation’- where rising prices and slow, or even negative economic growth exist simultaneously. But it’s rising prices ( the 'cost of living crisis') that currently receive most of the attention.  Studies show that a consequence of the current inflation is the widening … Continue reading Stagflation – young people even more likely to be affected.

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No mention of young people in the Spring Statement

The group most hit by the financial crisis and then, a decade later by Covid, young people are the most certain to be hit by increases in the cost of living. More than any other section of the population, their wages have failed to keep pace with inflation (under 21s already experienced a 20% fall … Continue reading No mention of young people in the Spring Statement

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Review: The Automation debate

Phil Jones . Work without the Worker. Labour in the Age of Platform Capitalism (Verso 2021) This readable and informative book explores the  abusive nature of crowd-working platforms such as Amazon’s Mechanical Turk and its emulators.  Here under the banner of 'technological progress',  extreme forms of exploitation have developed and a  new generation of  ‘micro-workers’ has emerged.  Forced … Continue reading Review: The Automation debate