asterisk2a + conservative + trade   39

What will cost more than lifting the public sector pay cap? Not lifting it | Faiza Shaheen | Opinion | The Guardian
[finding efficiencies ... ] Let’s start with costs of recruitment and retention. This is a big one. Job advertising isn’t cheap and new recruits take time to settle in. Last year, a study found there had been a 61% rise in advertising spend since 2010 in secondary schools alone, costing £56m in 2015. Shortages in the health service mean NHS Trusts are paying millions every month to agency and bank nurses to ensure there are adequate levels of staff on wards.

Stress-related leave has also increased in the public sector as workers are understandably getting run down working in understaffed schools and hospital wards. This is just staff – what about the costs to our children of being in classes too big for them to maximise their learning or to a sick individual who has an operation delayed?
NHS  School  Police  paycap  Austerity  staff  shortage  locum  retention  Crisis  hiring  recruitment  STP  rationing  health  care  demand  education  policy  Privatisation  Tories  nasty  party  Conservative  Theresa  May  Jeremy  Hunt  Simon  Stevens  Nurses  elderly  adult  social  bedblocking  Council  bed  blocking  ageing  demographic  chronic  sick  population  public  sector  discretionary  spending  disposable  income  debt  workers  trade  union 
september 2017 by asterisk2a
(577) Cornel West on Donald Trump: This is What Neo-Fascism Looks Like - YouTube
spiritual historical blackout. niall ferguson calls it historical amnesia among public and academics. // "most trying time in our lifetime." // pseudo populist = donald and brexit! but it is neoliberalism! / chornic crisis &! https://www.youtube.com/watch?v=OcJqjgB4tyQ
neoconservatism  neoconservatives  DonaldTrump  Donald  Trump  neofascism  fascism  minority  Brexit  AfD  far-right  right-wing  Cornel  West  GFC  recovery  secular  stagnation  squeezed  middle  class  post-racial  American  Dream  USA  economic  history  barackobama  neoliberal  neoliberalism  Bernie  Sanders  presidential  election  2016  UK  Germany  GroKo  France  White  Supremacy  nasty  party  Conservative  Globalisation  profit  maximisation  trade  deal  TTIP  NAFTA  Authoritarian  Abgehängt  insecurity  poverty  trap  social  mobility  scapegoat  Super  Rich  1%  Plutocracy  Oligarchy 
may 2017 by asterisk2a
Brexit may leave holes in UK equality laws · PinkNews
The report comes after former Minister for Women and Equalities Nicky Morgan warned that leaving the EU may cause a ‘legal tangle’ for equality legislation.
She said: “I would think that LGBT rights are so mainstream and respected by the majority of people in this country that that wouldn’t happen.
“But one of the things that hasn’t really been explored is the legal tangle that will result if we were to leave the EU. Some of the anti-discrimination provisions that come from the EU, that we have adopted into UK law… what happens to those?”
UK  Equality  Act  2010  LGBT  Transgender  discrimination  Great  Repeal  Bill  Brexit  nasty  party  Tories  Conservative  Religion  ECHR  far-right  right-wing  UKIP  alt-right  White  Supremacy  No  Representation  CJEU  workers  rights  trade  union  neoliberalism  crony  capitalism 
april 2017 by asterisk2a
Labour to oppose 'Henry VIII powers' being used to rewrite EU laws | Politics | The Guardian
[ no moderation, moderation is gone. Global Britain is here. 'indyref2 wil happen one way or another. no opposition and no say will infuriate Scots even more eventually ] It is expected that this will involve extensive use of “Henry VIII powers” – laws allowing ministers to change primary legislation (government bills) using secondary legislation (orders that go through parliament with little or no scrutiny). [...] Corbyn said Labour would oppose handing ministers such extensive powers when the House of Commons votes on the great repeal bill. [ less accountability, transparency, democracy, representation ... more technical! technocracy! that was voted actually against as it is practiced in EU ... the irony ] //&! The Observer view on triggering article 50. As Britain hurtles towards the precipice, truth and democracy are in short supply - https://www.theguardian.com/commentisfree/2017/mar/26/observer-editorial-triggering-of-article-50-jeopardises-60-years-of-unparalleled-peace
Brexit  Theresa  May  far-right  alt-right  right-wing  nasty  party  Conservative  Tories  House  of  Commons  Opposition  Labour  Jeremy  Corbyn  JAM  neoliberalism  democracy  No  Representation  workers  trade  Union  rights  Whitehall  Westminster  Parliament  lobby  revolving  door  interest  groups  UK  FPP  Populism  Nationalism  DailyMail  Daily  Mail  Oligarchy  Plutocracy  Super  Rich  Austerity  NHS  1%  10%  Privatisation  Prison  Police  Surveillance-Industrial  complex  Military–industrial  crony  capitalism  tax  evasion  avoidance  HMRC  corporatism  technocrat  technocracy  accountability  debate  Transparency  Article50  Article  50 
march 2017 by asterisk2a
Never mind the optics, Theresa May’s US dash was mortifying | Opinion | The Guardian
this hasty visit smacks of desperation // He will have seen May as that most desperate of creatures: the housebuyer who rashly sold her old house before she had found a new one. Having tossed away Britain’s keys to the European single market, she will soon be homeless – and Trump knows it. For all the niceties – May’s shrewd deployment of a royal invitation for a state visit and her compliment to the president on his “stunning election victory”, flattery which saw Trump glow a brighter shade of orange – he will have seen May as a sucker who needs to make a deal. And he will look forward to naming his price.
DonaldTrump  Donald  Trump  Theresa  May  Brexit  trade  deal  European  Union  foreignaffairs  foreign  relations  NHS  Tories  2020  nasty  party  Conservative  Privatisation  TTIP  Austerity 
january 2017 by asterisk2a
A hard truth for Leave voters: Brexit means big government
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
globalisation  globalization  squeezed  middle  class  Precariat  working  poor  job  security  job  insecurity  self-employment  neoliberal  neoliberalism  liberal  economic  reform  Agenda  2010  Zero  Hour  Contract  OECD  BRIC  USA  UK  Germany  France  economic  history  capitalism  capitalism  in  crisis  protectionism  Brexit  exploitation  crony  capitalism  tax  evasion  tax  avoidance  immigration  migration  Philip  Hammond  austerity  Workers  Union  Workers  Rights  Trade  Union  Theresa  May  Conservative  Party  nasty  Tories  budget  deficit  neoclassical  economics  Chicago  School  deflation  deflationary  aggregate  demand  aggregate  demand  short-fall  Richard  Koo  free  free  agreement  underinvestment  business  confidence  productivity  productivity  gap  productive  investment  output  output  gap  technological  unemployment  skills  economy  skills  gap  skill  gap  industrial  policy  Manufacturing 
july 2016 by asterisk2a
Boris Johnson breaks silence to set out leadership platform
Johnson pledges points-based immigration system and continued UK-EU trade [...] Johnson claimed Britain will be able to introduce a points-based immigration system while maintaining access to the European single market. [...] “There will still be intense and intensifying European cooperation and partnership in a huge number of fields: the arts, the sciences, the universities, and on improving the environment. “EU citizens living in this country will have their rights fully protected, and the same goes for British citizens living in the EU. [...] “Yes, the Government will be able to take back democratic control of immigration policy, with a balanced and humane points-based system to suit the needs of business and industry. //&! http://www.telegraph.co.uk/news/2016/06/26/i-cannot-stress-too-much-that-britain-is-part-of-europe--and-alw/
Boris  Johnson  Conservative  Party  Brexit  Freedom  of  Movement  immigration  Single  Market  WTO  free  trade  free  trade  agreement  European  Union 
june 2016 by asterisk2a
The Fix: Can The Junior Doctors' Strike Save The NHS? ( Novara Media )
new junior doc contract is a back door to privatisation in the future. those new contracts. [...] some areas of healthcare will always be unprofitable ... [...] 7 day NHS is smokescreen [...] stealth cuts (pay and pension already, now contracts, and also the bursaries turned into debt contracts thus that item off the gov balance sheet) [...] "need to treat the public as grown ups ... that is how much health care for a sick and old population cost." [...] "we need honesty"
Junior  Doctor  Junior  Doctor  Contract  Junior  Doctors  NHS  NHS  England  Jeremy  Hunt  locum  locum  staff  staff  morale  staff  shortage  austerity  health  care  budget  health  care  cost  health  care  demand  health  care  spending  ageing  population  demographic  bubble  OAP  diet-related  disease  chronic  disease  complex  condition  complex  needs  elderly  care  adult  social  care  cancer  obesity  heart  disease  overweight  chronic  low-grade  inflammation  high  blood  pressure  cholesterol  Privatisation  privatization  PFI  scandal  single-payer  healthcare  Workers  Union  Trade  Union  neoliberal  neoliberalism  free  market  George  Osborne  David  Cameron  nasty  party  Conservative  Tories  general  election  2015  election  campaign  promises  Manifesto  Toff  Privileged  Establishment  No  Representation  health  inequality  Career  Politicians  health  crisis  sick  population  prevention  GP  A&E 
april 2016 by asterisk2a
The economics of Brexit – Politics Weekly podcast
Leave Campaign, so far, has failed to assure voters that we get through the quiet possible tubulences and uncertainty unharmed severely after 1-2 years. [ economic forecasts/predictions are Wall Streets cottage industry ] Brexit for sure would throw Osbornes plan for a surplus in 2020. ... brexit is about less regulation free trade low tariffs, 'get off the back of our City [London bank regulation]' [low tax, higher pay] George Osborne ... // banks have not voiced their voice loudly because that would be seen by people who bailed them out to tune of doubling the deficit, and still own bank shares ie loyds. it could be seen disingenuous, outrageous, as we are still in doldrums, paying off their debt, and suffering through austerity where the most vulnerable are cut away from society.
Brexit  George  Osborne  economic  damage  economic  growth  economic  security  economic  slack  economic  slowdown  economic  harm  macroeconomic  policy  microeconomic  policy  trade  agreement  free  trade  regulation  David  Cameron  Whitehall  Westminster  economic  forecast  Wall  Street  European  Union  Career  Politicians  EEA  free  movement  of  people  immigration  migration  austerity  general  election  2020  general  election  2015  Tories  Conservative  Party  nasty  neoclassical  economics  neoliberal  neoliberalism  Chicago  School  trickle-down  economics  self-regulation  deregulation  regulators  MervynKing  Mark  Carney  BOE  IMF  retail  banking  investment  banking  City  of  London  bank  bailout  GFC 
april 2016 by asterisk2a
UK licences £2.8bn of arms sales to Saudis since kingdom entered Yemen war
theguardian.com/world/arms-trade //&! Civil servants in the Department for Business, Innovation and Skills are giving British companies the all-clear to press ahead with contracts even though they are likely to lead to human rights abuses, the foreign affairs select committee will be told on Tuesday. - bit.ly/1RiI3Xk
UK  arms  trade  USA  Germany  Saudi  Arabia  Greed  Middle  East  Wall  Street  profit  maximisation  profit  maximization  shareholder  capitalism  shareholder  value  War  on  Terror  military–industrial  complex  Surveillance-Industrial  Drone  Warfare  Drone  Wars  Yemen  ISIS  Career  Politicians  Party  Funding  constituency  babyboomers  human  rights  genocide  Tories  Conservative  Party  nasty  shareholder  capitalism  crony  capitalism  lobby 
april 2016 by asterisk2a
Future of Steel - Ken Clarke & Paul Mason - BBC Newsnight
[TORIES CRISIS: bedroom tax, JSA sanctions killing people, Food Banks, redefining child poverty and fuel poverty, Independent Living Fund closed, Housing Crisis, tax cut defeat in Lords, mental health, NHS strikes, Hinkley Point C, energy prices, London Airport expansion/3rd runway, ESA cut, PIP cut and resignation of IDS, Brexit splitting the Party, shit world economy, can't touch triple-lock pensions, Academy plans, Panama Papers (British Territory: Bahamas, Cayman & Co).] Now - Tories are victims to their own policy of underinvestment since 2010 of a future-proof economy "long-term predictability" [BREXIT & austerity not predictable]. Energy prices too high, not competitive. Manufacturing never recovered. Monetary policy has run its course (sedative + Chinas credit bubble). policy folly now wholly exposed! AND now they tinker with the idea of picking winners! LOL! nationalising or part-nationalising through guarantees or subsidies on energy price. & youtu.be/QJw24Z-cEoQ
underinvestment  austerity  Smart  Grid  energy  policy  energy  price  competitive  advantage  competitive  George  Osborne  David  Cameron  budget2010  budget2015  Budget2016  Manufacturing  current  account  deficit  budget  deficit  trade  deficit  TPP  AIIB  World  Bank  China  BRIC  commodity  prices  heavy  industry  microeconomic  policy  macroeconomic  policy  macroprudential  policy  Mark  Carney  education  policy  skills  gap  skill  gap  skill  investment  apprenticeship  further  education  immigration  migration  Tories  Conservative  Party  nasty  NIRP  ZIRP  QE  recovery  output  gap  productivity  productivity  gap  Service  Sector  Jobs  job  creation  labour  market  job  market  DWP  Iain  Duncan  Smith  general  election  2015  election  campaign  promises  Manifesto  corporate  restructuring  corporate  welfare  subsidies  subsidizing  corporate  subsidies  Privatisation  Nationalization  Nationalisation  constituency  Party  Funding  general  election  2020  IMF  OECD  policy  folly  policy  error  global  economy  credit  bubble  Germany  Hinkley  Point  C  renewable  energy  energy  storage  job  creation  fiscal  policy  monetary  policy  Mark  Carney  QE  ZIRP  NIRP  property  bubble  rent-seeking  rentier  liquidity-trap  liquidity  trap  Housing  Crisis  Help  to  Save  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let 
april 2016 by asterisk2a
George Osborne: A profile of the man behind the Budget - BBC Newsnight
// 70% of UK economy growth (GDP), 2015, was consumption. // and trade deficit/current account deficit for 2015, biggest ever on record ---- The UK's current account deficit widened to a record high in the final quarter of last year.
The deficit in the three months to December was £32.7bn, the equivalent of 7% of GDP, said the Office for National Statistics (ONS).
For all of 2015, it came to £96.2bn or 5.2% of GDP. Both figures were the highest since records began in 1948.
A current account deficit means the value of imports of goods, services and investment income exceeds exports.[...] "An obvious potential trigger for the markets losing confidence in the UK economy could be a vote to leave the EU in the 23 June referendum." [ harder to finance w weak Sterling and higher interest rates, rating agencies hinted at the case of a downgrade of UK's credit worthieness ] - bbc.in/1ZMEvAg
Budget2016  George  Osborne  Career  Politicians  austerity  economic  history  Tories  Conservative  Party  nasty  David  Cameron  Brexit  HS2  minimum  wage  living  wage  budget  deficit  trade  deficit  secular  stagnation  recovery  Toff  No  Representation  Privileged  Establishment  demographic  bubble  bank  bailout  Positioning  dogma  ideology  neoliberal  neoliberalism  spin  doctor  PR  disposable  income  discretionary  spending  wage  stagnation  squeezed  middle  class  consumer  debt  household  debt  credit  card  debt  Student  Loan  Generation  Rent  underinvestment  Richard  Koo  Japan  nominal  GDP  targeting  GDP  growth  of  income  shareholder  capitalism  crony  capitalism  current  account  deficit  GBP  Sterling  business  confidence  global  economy  fault  lines  ZIRP  NIRP  QE  BOE  Mark  Carney 
march 2016 by asterisk2a
Junior doctors' dispute could become a war, union warns - BBC News
The dispute over the imposition of a new contract for junior doctors "could become a war" between NHS staff, employers and the government, the public service union has told the BBC. [...] A petition on a government website calling for a vote of no confidence in Mr Hunt has gained more than 180,000 signatures - above the 100,000 threshold for a Commons debate to be considered.
NHS  Jeremy  Hunt  Junior  Doctors  Trade  Union  Workers  Union  NHS  England  Tories  Conservative  Party  nasty  David  Cameron  George  Osborne 
february 2016 by asterisk2a
Junior doctors' row: Time for the nuclear option? - BBC News
Ticker bbc.in/1TS2fBY &! BMA rejects final offer - bbc.in/1Q88sno &! bbc.in/1SJRaUx //&! [ 7-day NHS, treating Saturday not as a weekend day thus no extra pay. ] News that junior doctors have rejected a final "take-it-or-leave-it" offer from the government in the contract dispute means the nuclear option - imposition - is now a real possibility. [...] [ should BMA continue w strike action? Or should Junior Doctors concede defeat? And grant nasty party their victorious 7-day NHS for a sick population of babyboomers ... and then move on, to Canada, New Zealand, Australia, etc? ] [...] Some go abroad - to travel and to work - while others are tempted by opportunities in alternative sectors, including the pharmaceutical industry and (apparently) cruise liners who employ ship doctors. And Scotland and Wales would no doubt welcome some of the best English trainees into their health systems given half the chance. [ imposition may be short-termism, but long-term stakes could not be higher! ]
Junior  Doctors  NHS  Jeremy  Hunt  austerity  David  Cameron  George  Osborne  nasty  party  Conservative  Tories  No  Representation  Toff  Privileged  Establishment  Workers  Union  BMA  Trade  Union  premature  ageing  ageing  population  babyboomers  constituency  general  election  2015  election  campaign  promises  Manifesto  Funding  Public  Services  Social  Services  Council  elderly  care  adult  care  sick  population  health  care  budget  health  care  spending  health  crisis  A&E  GP  staff  morale  locum  staff  staff  shortage  short-termism 
february 2016 by asterisk2a
Adam Posen: What Japan and the UK Demonstrate about Macroeconomic Stimulus - YouTube
Confidence Fairy - Paul Krugman. (sov debt crisis) only applicable if you don't have a central bank. like Greece. that can do QE as much as you need to stabilise monetary system. ie stop deleveraging, only serving debt. meaning deflation. // different QE, diversity. shift risk appetite to more riskier debt. ... // fiscal activism can't overcome austerity ... // UK has it work because it doesn't have the manufacturing base. but its population is growing, not shrinking. but job creation - multiplier to economy is 1 or lower because of mostly service sector job creation which lot need to access welfare state through tax credits. // min 11. Gordon Brown and Alistair Darling did lots right! GPB depreciation. budget deficit growth. But imports stayed high!!! current account deficit and trade deficit. Austerity undermines growth and BOE policy! cut you future and investment (4-1 ration). UK got no credibility bonus from bond vigilantes, no FDI inflows.
Abenomics  economic  history  secular  stagnation  UK  austerity  Japan  BOE  BOJ  Mark  Carney  deflationary  deflation  demographic  bubble  ageing  population  migration  immigration  Sozialpolitik  Integrationspolitik  Paul  Krugman  JGB  ZIRP  NIRP  QE  liquidity  trap  balance  sheet  recession  Richard  Koo  deleveraging  ECB  TLTRO  LTRO  debt  monetisation  debt  monetization  monetary  policy  monetary  transmission  mechanism  monetary  stimulus  monetary  theory  unconventional  monetary  policy  monetary  system  financial  repression  distortion  speculative  bubbles  creditrating  creditrisk  junk  bond  NPL  credit  bubble  recovery  George  Osborne  Fiscal  Pact  Schuldenbremse  Super  Cycle  sovereign  debt  crisis  debtoverhang  currency-war  currency  debasement  currency  war  current  account  deficit  trade  deficit  IMF  OBR  foreign  direct  investment  Conservative  Party  nasty  fairness  Generationengerechtigkeit  policy  folly  policy  error 
january 2016 by asterisk2a
The Guardian view on fair play in politics: a Conservative coup | Editorial | Opinion | The Guardian
From trade union reform to parliamentary process, the Tories show a pattern of contempt for the protocols of democracy [...] Thanks to a crafty, albeit constitutionally permitted, parliamentary manoeuvre, a cut that will affect hundreds of thousands of disadvantaged young people went through without proper debate or vote on the floor of the Commons. David Cameron commands a slender majority, but it is enough to pass most of his legislative programme in a more transparent fashion. Only the most controversial elements risk obstruction, either through rebellion on the Tory benches in the lower house or rejection in the upper one. [...] That episode, like the vote on student grants, is consistent with a pattern displayed by this government of impatience with democratic norms, verging on contempt. One habit is bundling measures of primary importance up in secondary legislation. [...] lay the foundations for a long-term Conservative monopoly on government.
Tories  nasty  party  democracy  Career  Politicians  No  Representation  Toff  Privileged  Establishment  Funding  Westminster  Conservative  Labour  David  Cameron  George  Osborne  neoliberalism  neoliberal  dogma  ideology  House  of  Lords  NHS  Bursary  tax  credit  Snoopers  Charter  Evel  Trade  Union  Workers  Union  social  democracy  Opportunism  opportunist  political  economy  political  theory  PR  spin  doctor  Positioning  public  sentiment  Con  Artist  manufactured  consent  Polarisation  propaganda  populism  constituency  babyboomers  abuse  of  power  accountability  oversight  Separation  of  powers 
january 2016 by asterisk2a
Osborne warns of 'dangerous cocktail' of economic risks - BBC News
[ repeat phrases - "strong economy", "strong economy, strong NHS" ] The UK faces a "cocktail" of serious threats from a slowing global economy as 2016 begins, Chancellor George Osborne has warned. Speaking in Cardiff, Mr Osborne said this year is likely to be one of the toughest since the financial crisis. He told business leaders that far from "mission accomplished" on the economy, "2016 is the year of mission critical". His message is in stark contrast to the positive tone of his Autumn Statement, when he said the UK was "growing fast". [...] that the Autumn Statement had put in place a four-year plan to restore the UK's public finances, and make the economy more productive, with businesses more competitive so they could create jobs. [...] Mr Osborne told the Today programme the UK's economic recovery was not "a debt-fuelled recovery", citing the support of the governor of the Bank of England in his assessment. [ not public, but private household debt! ]
George  Osborne  Career  Politicians  PR  spin  doctor  budget2015  Tories  Conservative  Party  nasty  austerity  underinvestment  productive  investment  productivity  output  gap  job  creation  wage  growth  consumer  debt  household  debt  Positioning  energy  policy  competitiveness  renewable  energy  corporate  welfare  corporate  tax  rate  Generationengerechtigkeit  fairness  subsidies  subsidizing  NHS  Jeremy  Hunt  David  Cameron  general  election  2015  election  campaign  promises  Manifesto  constituency  babyboomers  Opportunism  opportunist  Oil  price  bank  bailout  fiscal  policy  monetary  policy  Housing  Crisis  affordable  generation  rent  property  bubble  NPL  mortgage  market  car  loan  credit  card  debt  budget  deficit  balance  sheet  current  account  deficit  trade  deficit  borderless  flat  world  globalisation  globalization  debt  servitude  debtoverhang  student  loan  debt  private  debt  sovereign  debt  corporate  debt  student  debt  student  loan  Maintenance  Grant  Education  Maintenance  Allowance  ZIRP  NIRP  QE  distortion  BOE  Buy-to-Let  Help  to  Buy  Scheme 
january 2016 by asterisk2a
Even Tory MPs are troubled by their party’s power grab
Since their victory, the Conservatives have introduced a battery of measures to weaken the opposition and reduce accountability. [...] It is not only within parliament that the government is seeking to limit accountability. Ministers are expected to weaken the Freedom of Information Act by introducing new exemptions and charging for requests. “I’m unsurprised that both [Tony] Blair and this government viewed it as an inconvenience,” Davis told me. “The trouble is, they’re forgetting who their bosses are.” The Lobbying Act, or “gagging bill”, has reduced the maximum amount that voluntary groups and trade unions can spend on political campaigning in the period before a general election by 60 per cent.
nasty  party  FOI  Freedom  of  Information  Act  Tories  Conservative  Toff  Privileged  Establishment  Career  Politicians  No  Representation  democracy  social  democracy  austerity  Labour  Trade  Union  Workers  Union  accountability  transparency  oversight  governance  UK  USA 
december 2015 by asterisk2a
Sports Direct is a reflection of the modern British economy | Letters | Business | The Guardian
Sports Direct seems to be a metaphor for the modern British economy. “The conscious strategy would seem to be to rely on cheap labour rather than costly investment,” as your editorial (11 December) says. It also illustrates the epidemic growth of workforce insecurity which plagues a nation scarred by the rise of the precariat. Britain is rapidly becoming the sweatshop of Europe, and this, along with bubbles in consumer debt and house prices, has been a major part in such anaemic recovery as we have seen over the past five years. [...] [ HMRC cut under austerity, can't do it's job ] //&! theguardian.com/business/sports-direct-international //&! bit.ly/1jTkmsi - transferring assets. then bringing in administrators. leaving suppliers empty.
corporate  scandal  Precariat  working  poor  precarious  work  job  security  low  pay  low  income  investigative  journalism  Whistleblower  Amazon  Retail  Online  Shopping  commodity  business  commoditization  crony  capitalism  capitalism  Wall  Street  shareholder  value  profit  maximisation  George  Osborne  industrial  policy  STEM  David  Cameron  Tories  nasty  party  underinvestment  Conservative  competitive  competitiveness  self-regulation  regulation  regulators  Zero  Hour  Contract  Contractor  exploitation  lobbyist  lobby  Lobbying  trickle-down  economics  neoliberalism  neoliberal  microeconomic  policy  macroeconomic  policy  macroprudential  policy  business  investment  productivity  output  gap  austerity  tax  evasion  tax  avoidance  corporate  welfare  white-collar  crime  subsidies  subsidizing  HMRC  Trade  Union  Workers  Union  skills  gap  accounting  scandal 
december 2015 by asterisk2a
IMF: UK's economic performance 'very strong', but risks remain - BBC News
[ UK more like USA than Europe, let alone Germany ] Underlying economic vulnerabilities have been addressed, and steady growth looks set to continue, it said. But high household debt, a "strikingly large" trade deficit and high government debt are still risks to the economy. It also warned about uncertainty over whether the UK would stay in the EU. [...] But although UK house price growth has eased, the household debt-to-income ratio is still high, and could leave some households vulnerable to shock interest rate rises. The large trade deficit could affect cash flows into the UK, adversely affecting growth, the report says. In addition, high government debt, and a continuing deficit, could tie the government's hands in dealing with any future recession, and productivity growth might fail to materialise. Chancellor George Osborne said the IMF report "could hardly be more positive" about the UK economy, but that it "rightly" identified challenges.
UK  economic  history  trade  deficit  household  debt  consumer  debt  credit  card  debt  credit  card  zombie  consumer  recovery  GFC  squeezed  middle  class  austerity  industrial  policy  George  Osborne  short-termism  Tories  Conservative  Party  nasty  constituency  babyboomers  David  Cameron  IMF  OECD  crony  capitalism  capitalism  tax  evasion  tax  avoidance  ChristineLagarde  fairness  Generationengerechtigkeit  climate  change  climate  crisis  global  warming  energy  policy  competitive  competitiveness  macroeconomic  policy  microeconomic  policy  policy  folly  policy  error  Super  Rich  1%  Wall  Street  shareholder  value  self-regulation  profit  maximisation  debt  servitude  Super  Cycle  sovereign  debt  crisis  student  loan  debt  student  loan  Bubble  student  debt 
december 2015 by asterisk2a
Hinkley Point nuclear agreement reached - BBC News
More than £30bn worth of deals between the UK and China are expected to be struck during the four-day visit. [...] 'Security concerns' The Hinkley Point project has come under fire over its cost and the delays to investment decisions and the timetable for building. The government has also been criticised for guaranteeing a price of £92.50 per megawatt hour of electricity - more than twice the current cost - for the electricity Hinkley produces. [<< death knell 4 UK consumer & heavy industry! In 10 years as other countries invested in renewables heavily, energy prices will be much higher in UK, a country which did not invest heavily in the Smart Grid & renewables when it was cheap to borrow to fund private public partnerships; 5-10 year mega projects. Bc nasty party is mercenary, not visionary. &! china is deep in renewables. why not renewables!? build smart grid] The Treasury hopes that within 10 years China will be UK second biggest trading partner. //&! Steve Hilton - bbc.in/1krBjLp
Hinkley  Point  C  foreign  investment  China  UK  AIIB  nuclear  power  energy  policy  renewable  energy  energy  price  George  Osborne  nasty  party  Tories  dogma  ideology  corporate  welfare  subsidies  subsidizing  Restrisiko  budget2015  solar  energy  green  energy  wind  energy  offshore  wind  power  David  Cameron  Conservative  Makers  lobbyist  lobby  Lobbying  Wall  Street  shareholder  value  profit  maximisation  Smart  Grid  foreign  direct  investment  foreign  relations  foreign  affairs  foreign  policy  Hegemony  austerity  recovery  sovereign  debt  crisis  trickle-down  economics  underinvestment  productive  investment  ZIRP  NIRP  QE  Richard  Koo  secular  stagnation  Niall  Ferguson  competitiveness  competitive  trade  agreement  free  trade  Steve  Hilton 
october 2015 by asterisk2a
SNP conference 2015: Minister wants Scotland excluded from union bill - BBC News
The Scottish government has made an official request for Scotland to be excluded from the UK government's bill proposing curbs on trade union powers.
SNP  Tories  Conservative  Party  Trade  Union  Workers  Union  neoliberalism  neoliberal  UK 
october 2015 by asterisk2a
Vince Cable condemns 'vindictive' trade union bill | Politics | The Guardian
bit.ly/1Kd8sDX - Britain does not have a strike problem – so why the need for new legislation? The government should be working constructively with unions to raise productivity
UK  Trade  Union  Workers  Union  neoliberalism  neoliberal  Tories  Conservative  Party 
october 2015 by asterisk2a
So you hate the Tories – but what comes next? | John Harris | Comment is free | The Guardian
Tory conference: Cameron's 'assault on poverty' pledge belied by new figures. [...] planned welfare cuts would lead to 200,000 more working households in poverty by 2020. bit.ly/1Nop8vl - The thinktank’s analysis also indicates that the number of all households – both in and out of work – that will be in poverty at the end of the parliament is projected to rise by 700,000 to nearly 4 million. The report will pile further pressure on ministers to rethink how they protect the working poor, following the introduction of controversial plans to cut tax credits in the first budget immediately after the election. //&! bit.ly/1VIjIQ0 - Podcast &! Tories hollowness in their tax credit cut & talking abt social mobility @ their conference (audacity [spin&PR& repeating the message over & over they want to get across] to speak abt poverty @ their conference) - bit.ly/1WQaheJ - masking their rightwing neoliberal policy pitching it as centre - bit.ly/1jeVqfG &! bit.ly/1LsHNPO redefine center
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october 2015 by asterisk2a
Trade Union Bill 'is this generation's poll tax moment' - BBC News
A union leader has warned that the UK government's shake up of strike legislation could prove to be as controversial in Scotland as the poll tax was for Margaret Thatcher's government.
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september 2015 by asterisk2a
”Lobbyismen hotar demokratin” - EFN - Ekonomi- och FinansNyheterna
Owen Jones --- shared economic interest. politicians have to be servant to their people. seen as the greatest honor one can receive. and job. legacy. not money/riches (in future). should always aim to put yourself out of business so to speak, for means of progress and healing. // Brexit defense for London // TTIP // open and democratic = less angles for corruption and bribery
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september 2015 by asterisk2a
It’s the British establishment that has a problem with democracy | Seumas Milne | Comment is free | The Guardian
‘Rewarding major donors with seats in parliament and jobs in government is a long-established British tradition.’ [...] But political corruption and the implacable opposition of the spooks and military to progressive change are the traditional forms of anti-democratic politics, in Britain, as elsewhere. For the past generation it has been the corporate embrace, the revolving doors, the privatised contracts, the “free trade” treaties, European Union directives, and the removal of economics from democratic control under the neoliberal rules of the game that have set the boundaries of acceptable politics. [ Jeremy Corbyn is a symptom/backlash to the status quo ] Since the 2008 crash the rejection of that broken economic model and the hollowed-out politics that reflects it has spread across the western world, now including Britain. Which helps explain why Cameron’s Conservatives have turned to the most retrograde measures to bring opposition to heel. //&! bit.ly/1FWK86Y
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september 2015 by asterisk2a
Top doctor: social inequality in UK costing 550 lives every day | Society | The Guardian
“social gradient” emerging in Britain. [...] However, it was in the field of education where Marmot said the research vividly showed how unfair life was becoming. “If everybody had the same mortality of those with a university education, then [each year] we could prevent 202,000 premature deaths.” [...] In his new book, The Health Gap, he argues that those who blame lifestyles miss the point. “Over 30 years, smoking levels have declined while obesity has soared. Have we become more responsible when it comes to smoking and less responsible when it comes to obesity. No.” [...] There is little doubt that inequality has become a feature of British life. Since 1980, the share of total income received by the top one per cent of Britain has almost doubled, to about 13% in 2011, reversing a three-decades-long trend towards greater equality. [...] “austerity agenda” had cut 5% from GDP [according to OBR].
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september 2015 by asterisk2a
Jeremy Corbyn: Labour will campaign for UK to stay in the EU | Politics | The Guardian
McFadden stressed he did not believe Cameron was seeking to undermine those rights in his talks with his EU partners, but recognises that Corbyn is deeply concerned at what he regards is a shift from a social Europe to a free-market Europe. He said: “If the prime minister tries to water down hard won employment protections that would be wrong and foolhardy on his part and we would very strongly oppose it. But if he does try to water down these protections, the right response is not to leave the EU but to fight the 2020 election on a clear commitment to restore those employment rights – and we have to remain in the EU to do that.”
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september 2015 by asterisk2a
'The trade union bill is sinister' | Owen Jones meets Frances O'Grady - YouTube
>> Changes for Tories constituency.
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september 2015 by asterisk2a
Labour leadership races can change fast; interest rates, not so much | Business | The Guardian
The fact of the matter is that, while George Osborne is obsessed with shrinking the size of the public sector and causing hardship and misery, the real crisis in this country concerns not the size of the budget deficit, but the record peacetime balance-of-payments deficit of a whopping 6% of GDP. With this in mind, John Llewellyn and Russell Jones of Llewellyn Consulting have been urging the Bank to encourage the overvalued pound to fall towards more realistic levels, to avoid an almighty sterling crisis when the markets finally wake up to the real crisis in the British economy.
balance  of  payments  2015  budget2015  austerity  output  gap  productivity  household  debt  public  debt  private  debt  consumer  debt  UK  George  Osborne  short-term  Mark  Carney  BOE  ZIRP  QE  NIRP  bond  bubble  current  account  deficit  trade  deficit  structural  deficit  industrial  policy  STEM  Research  Manufacturing  energy  policy  energy  price  renewable  energy  Career  Politicians  No  Representation  fairness  Generationengerechtigkeit  Tories  Conservative  Party  Toff  Establishment  Privileged  asset  bubble  equity  bubble  property  bubble  reflate  reflation  fiscal  stimulus  fiscal  policy  Richard  Koo  debtoverhang  balance  sheet  recession  Software  Is  Eating  The  World  underinvestment  productive  investment  public  investment  business  investment  business  confidence  wage  stagnation  wage  growth  secular  stagnation  deflationary  deflation  competitive  competition  competitiveness  globalization  globalisation  global  trade  added  value  value  creation  corporate  tax  rate  capital  gains  tax  inequality  Gini  coefficient  poverty  trap  child  poverty  social  mobility  income  mobility  disposable  income  discretionary  spending  economic  history  trickle-down  economics  neoliberalism  neoliberal  Privatisation  pound 
september 2015 by asterisk2a
Banks Are Perilously Exposed to China - Bloomberg View
International banks, however, don't appear to be heavily exposed to China, at first glance anyway. Bank of International Settlements data show that their claims on Chinese banks, companies, consumers and public sector are quite manageable, though Australian and U.K. banks have extended a lot of credit in China in proportion to their total foreign assets: [...] U.K. banks' $198 billion in Chinese assets at the end of last year looks particularly threatening, especially given that HSBC and Standard Chartered both derive a significant portion of their revenue from China. This exposure is particularly problematic because a debt overhang is one of the Chinese economy's biggest problems.
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september 2015 by asterisk2a
Jeremy Corbyn wins economists’ backing for anti-austerity policies | Politics | The Guardian
In the letter to which David Blanchflower, a former member of the Bank of England’s monetary policy committee is a signatory, the economists write: “The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left on economic policy. But this is not supported by the candidate’s statements or policies. His opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity.” // UK can't compete with energy rich countries - ie through rebuilding (through subsidies) its industrial and manufacturing sector - it has to add value through expert services, knowledge, digital, research to existing products goods and services that then can be re-sold across the world - high energy cost, expensive transport through lack of infrastructure of the future, and lack of in-pipeline educated mobile youngster, is a structural deficit.
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august 2015 by asterisk2a
Frankreich verliert Status als Deutschlands wichtigstes Exportland - SPIEGEL ONLINE
IMF rechnet für 2015 mit einem Anstieg des BIP US um 2,5 Prozent und für 2016 mit 3 Prozent. "Wir sehen zudem eine Reindustrialisierung in den USA: Dort werden wegen der niedrigen Energiekosten viele neue Fabriken und Produktionsstätten hochgezogen", sagte Treier. "Dafür werden Maschinen und Ausrüstungen aus deutscher Produktion benötigt." Hilfreich sei zudem der schwächelnde Euro, [...] "Die Amerikaner sind relativ preissensible Käufer, auch wenn es um Luxusprodukte wie deutsche Autos geht", // Germany & UK are energy dependent, especially after Desert Storm Energy project failed. UK need the bet on STEM and digital economy and knowledge economy, added value services that can be exported & leverage "British" brand. It can not compete against cheap energy fuelled China and USA! But it did nothing, UK has to even import Nurses and Doctors now! Thanks to short-sighted ideological dogmatic austerity & policy for established businesses. low corp tax & deregulation to compete w price only.
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august 2015 by asterisk2a
Where Next for the UK Economy? | 24.02.2015 - YouTube
min 37 BOE owns over 1/3 of outstanding gilts // pattern of global demand ([luxury, vanity, status, brand], [convenience, on-demand,] [software, automation, robots, driving down manual labour cost - corporate/wall street] [connection with your customer] [Data] // GDP growth (national income, profits from corp) outpaced income growth (income from labour). is double // austerity, fiscal policy: to force a surplus of the budget (and current account/balance of payments) over 10 year time frame (2x conservative parliament) without thinking where the demand comes from (income growth thus more disposable income thus consumer &* business demand (more employment), thus higher tax revenue). And only thinking about cutting, is a Career Politician move, sticking 2 his talking points of Plan A. // dont compete w BRIC/Developing/Frontier Market on price (exporting). It's a race to the bottom, it can not work. Thus it has to be Industrial Revolution 2.0 !!! Differentiate. Brand. Being Remarkable.
BOE  QE  ZIRP  NIRP  productivity  income  growth  GDP  distortion  trade  deficit  balance  of  payments  current  account  deficit  economic  history  IMF  Career  Politicians  Industrial  Revolution  2.0  Conservative  Party  David  Cameron  Liberal  Democrats  Nick  Clegg  George  Osborne  globalisation  globalization  borderless  flat  world  Brand  differentiate  differentiation  Software  Is  Eating  The  Mobile  Creatives  Mobile  Creative  Start-Up  lesson  Start-Up  advice  UK  Europe  Germany  USA  China  BRIC  monetary  policy  fiscal  policy  macroeconomic  policy  microeconomic  policy 
may 2015 by asterisk2a
The South Korean Love Industry - YouTube
avg marriage age in SK is 31yrs. // prostitution illegal, but still thriving ... 1/5th of women worked in some form in the sex trade ...
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february 2015 by asterisk2a

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