asterisk2a + dogma + george   145

The Week Ahead: the return of the nasty party and a good week for Brexit
David Cameron and George Osborne wanted to cut even more! //&! Nicky Morgan's embarrassing interview over Tory cuts to disabled welfare - youtu.be/hjk06tjx_xQ //&! Jeremy Corbyn - youtu.be/Ain-IP4pHCk //&! IFS: cutting disability benefits to fund tax cuts is a political choice - youtu.be/xVBf9dSa9Mw //&! MANIFESTO Election Campaign Promises - Tories hoist by their own petard over disability cuts - youtu.be/N8VijFKLQek //&! also closed Independent Living Fund - youtu.be/nurjzK5VPAI //& "The electorate don't mind. Those who vote aren't affected." *George Osborne - youtu.be/N8VijFKLQek - WCA to bring down bill by kicking people off was a pipedream & Universal Credit is a real cut in benefits. //&! Nicky Morgan's nightmare defending Osborne's nasty budget - youtu.be/Y9YNcQF4t8I - 12bn cuts were promised in Manifesto 2015. 4.4 tried through PIP. youtu.be/5-3Bp7qzj4Y (pre-election) //& cutting corporation tax (& capital gains tax) - youtu.be/gZ6qNHLnbs0 &! Analysis - youtu.be/v-qmvI9s3pE
Iain  Duncan  Smith  Brexit  Tories  Conservative  Party  DWP  austerity  George  Osborne  David  Cameron  Toff  dogma  ideology  Establishment  general  election  2020  economic  history  recovery  tax  credit  ILA  PIP  Universal  Budget2016  Westminster  Whitehall  ESA  tax  cut  welfare  reform  welfare  state  social  safety  net  Disabled  vulnerable  JSA  sanctions  PR  spin  doctor  Positioning  manufactured  consent  bank  bailout  budget  deficit  corporate  tax  rate  capital  gains  tax  Boris  Johnson  Gini  coefficient  social  mobility  income  mobility  inequality  child  poverty  fuel  poverty  Generationengerechtigkeit  fairness  poverty  trap  education  policy  Academy  Nicky  Morgan  Michael  Gove  Ofsted  nasty  inheritance  tax  Manifesto  general  election  2015  IFS  OBR  Fiscal  Pact  Schuldenbremse  triple-lock  pension  babyboomers  NHS  constituency  Party  Funding  property  bubble  constituency  babyboomers  pension  obligation  WCA  Foodbank 
april 2016 by asterisk2a
Public Investment Payoff Not Necessarily About Efficiency
electrification of public rail - reduce emissions and improve public health (health hazard of diesel train engines proven - for passengers and residents). also improve public health - people ditching their cars! // 8:40 each additional public capital investment might be less valuable after the first road to the sea port. but that does not factor in types and public health and safety. road vs train. diesel train vs electric train. slow train vs faster electric magnetic safe low maintenance train w auto pilot (augmented intelligence). less public health risks, less health hazard, more public safety = less economic damage through a less sicker population (health care cost, health care demand, less work hours lost, higher productivity - healthy, happy people) but micro and macro economists do not put this into their GDP - well being, happiness, public health. // beijings hazardous hair will prove to be hughe economic cost (public health) down the road (chronic pulmonary conditions and cancer = lower productivity, lower discretionary spending because of spending goes to medicine and medical care and down the road leads to old age poverty for some if not the family).
underinvestment  public  investment  austerity  infrastructure  investment  infrastructure  productivity  productivity  gap  productive  investment  rentier  rent-seeking  commute  commuter  commuting  well  being  public  health  UK  Fossil  fuel  industry  fuel  public  health  policy  Richard  Koo  economic  history  recovery  dogma  ideology  free  market  neoliberal  neoliberalism  microeconomic  policy  added  value  USA  investment  spending  R&D  nominal  GDP  targeting  GDP  George  Osborne  output  gap  public  capital  ROI 
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
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march 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
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march 2016 by asterisk2a
Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight
turning a banking crisis into a budget deficit blowout and blaming it on poor working age people with some benefits to their name. //&! What will it be the Budget be remembered for? DEBATE - BBC Newsnight - youtu.be/iOrhLL-Pe3E - productivity is about increasing public and private investment, and private investment has been falling year after year. tax cuts ie corporate tax rate, do not increase private investment. and household debt/consumer debt/credit car/car loan/student debt is rising and rising, taking up the slack that Osborne is cutting from the budget.
budget2016  budget2010  bank  bailout  austerity  budget  deficit  economic  history  Richard  Koo  UK  GFC  George  Osborne  Sajid  Javid  dogma  ideology  income  tax  receipts  corporate  tax  rate  HMRC  tax  evasion  tax  avoidance  DWP  fairness  Generationengerechtigkeit  triple-lock  pension  pension  obligation  babyboomers  recovery  aggregate  demand  shareholder  capitalism  secular  stagnation  neoliberal  neoliberalism  trickle-down  economics  free  market  Positioning  PR  spin  doctor  George  Osborne  David  Cameron  budget2015  Fiscal  Pact  Schuldenbremse  Brexit 
march 2016 by asterisk2a
Iain Duncan Smith resigns: Why? What next? - BBC Newsnight
youtu.be/e2XyYgkYNFE - Resignation stuck a knife into George Osborne. // working age on the bottom of the pile bore the burden of austerity. [...] weakness of labour party could mean Conservative will be in power for a long time. [...] this is big shot of Tory-out vs Tory-in. They wanted Osborne to fail. // tax credits, Google Tax Deal, ESA, PIP/DLA, .... //&! Iain Duncan Smith First interview since his shock resignation - youtu.be/hr5-WbzevyM &! youtu.be/ntKf3HtVNxs - lower gov income (income tax receipts and corp tax) pushed things ahead. No 10 ran DWP ... // Marr Show papers: IDS's resignation and budget shambles (20 Mar 16) - youtu.be/ZkNOxXZW9Kw //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw //&! Iain Duncan Smith Resignation Nothing To Do With EU - youtu.be/MJr2WmVtV1c &! youtu.be/_nAHvGZYkfY &! youtu.be/kvmOPZ0wP3o &! youtu.be/Hu_pnQBITPI
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march 2016 by asterisk2a
Hey Britain – Your Kids Have Just Been Privatised
"Thatcher said the problem with socialism is that you run out of other people money. Henry VIII will tell you the problem with crony capitalism is you eventually run out of other people’s assets to sell." [...] In George Osborne’s mercurial March 2016 budget he showed his own Machiavellian sleight of hand. He is now seen as a politician whose leadership ambitions come before the welfare of the British people. Osborne’s allegiance is to The City not the country. When he and Peter Mandelson holidayed on financier Nat Rothschild’s yacht do you think they talked about free school meals and increasing the economic opportunities of the people in Grimsby? [...] Look at his actions and we see that one of Osborne’s aims is to reinstate the class divisions that began to ebb away with socially progressive policies. This last budget sought to weave a line into the fabric of society between the haves and have-nots. [...] We are at the end of the debt cycle and there’s nowhere else to go. [...] This is not the budget for the next generation of young people. This is the budget for the next generation of rent-seekers, moneymen and crony capitalists.
education  policy  Privatisation  UK  budget2016  Michael  Gove  Nicky  Morgan  George  Osborne  David  Cameron  PISA  Iain  Duncan  Smith  DWP  Gini  coefficient  deprivation  poverty  trap  austerity  Council  income  tax  receipts  secular  stagnation  child  poverty  food  poverty  social  mobility  income  mobility  PR  Positioning  spin  doctor  neoliberal  neoliberalism  trickle-down  economics  dogma  ideology  underinvestment  Richard  Koo  property  bubble  Tony  Blair  constituency  babyboomers  pension  obligation  triple-lock  pension  Generationengerechtigkeit  infrastructure  investment  competitiveness  fairness  rentier  rent-seeking  Ofsted  crony  capitalism  shareholder  capitalism  shareholder  value  profit  maximisation  Wall  Street  profit  maximization 
march 2016 by asterisk2a
How damaged is George Osborne by IDS resignation?
George Osborne: chief tactician and patron, a man whose word makes or wrecks careers.
That was the view of many Tory MPs for a very long time.
Now, many doubt he will ever be their leader, or even the chancellor much longer.
It's not that they think David Cameron is poised to sack him or that he's about to resign, as Labour demand.
They simply believe a swift leadership election is highly likely whatever the result of 23 June's EU referendum. If it does come that soon there will be, one predicts, a "genocide of the Cameroons and Osbornites".
A stubbornly enduring deficit, a tax credit U-turn, and the sheer numbers of MPs who have chosen to back a leave vote at the referendum have seen Osborne's authority leak.
A weekend of melodrama has - in one Tory MP's view - burst the dam.
George  Osborne  budget2016  Iain  Duncan  Smith  Tories  Conservative  Party  nasty  Brexit  austerity  Boris  Johnson  Westminster  Toff  Establishment  Privileged  secular  stagnation  dogma  ideology  aggregate  demand  Richard  Koo  economic  history  budget  deficit 
march 2016 by asterisk2a
Pensions stance creates budgetary mayhem
Disability benefits: they are forecast to increase by £2bn over the next five years. Could do something there. Sickness benefits: they are predicted to rise by about £1bn. Might be able to save some of that. But what's this? It's rising by £15bn over the coming five years. That's the one. Off our Martian goes to see the chancellor. "What are pensions?" she asks. That is the problem the government is struggling with. Its political refusal to touch pensions, or pensioner benefits, has in a stroke protected the single biggest cost in the welfare budget. And the cost that is rising the most. [ AND ADD INTO THE SAME BUCKET THE NHS and PUBLIC HEALTH BUDGET! ] Welcome to your new job, Stephen Crabb.
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march 2016 by asterisk2a
Disability benefits U-turn leaves Cameron with £4.4bn to find
David Cameron has been forced to concede that a £4.4bn black hole created by the U-turn over disability benefits will not be filled by further cuts to welfare as he fought to shore up his credibility following the shock resignation of Iain Duncan Smith. The spending climbdown was announced on Monday by Stephen Crabb, the new work and pensions secretary, an hour after Cameron addressed the political crisis engulfing the Conservative party by offering his support to George Osborne and praise for the work of Duncan Smith. [...] but the Treasury clarified the remarks by stressing that there were no plans to fill the £4.4bn gap caused by dropping PIP reforms with further cuts in welfare spending. &! bbc.in/1S10VIg
budget2016  austerity  PIP  DLA  ESA  DWP  welfare  reform  welfare  state  Iain  Duncan  Smith  social  safety  net  poverty  trap  poverty  child  poverty  George  Osborne  David  Cameron  Stephen  Crabb  PR  positioning  spin  doctor  Tories  Westminster  Brexit  Boris  Johnson  Constituency  Party  Funding  general  election  2020  general  election  2015  Manifesto  fairness  Generationengerechtigkeit  babyboomers  dogma  ideology  trickle-down  economics  Free  Market  aggregate  demand  policy  folly  policy  error  Disabled  vulnerable  NHS  mental  health 
march 2016 by asterisk2a
Hinkley: Why do we need the new nuclear power station? - BBC News
[ strike price ] Why is a new nuclear power station at Hinkley Point running years behind schedule and the cause of seemingly endless debate? Here are some answers to the questions surrounding the world's most expensive power project. [ prob w renewables is energy storage systems and capacity! ] [...] However, the UK needs to build more power stations if it is to meet growing demand for electricity and the government wants to ensure consumers foot the bill no matter where the electricity comes from.
Hinkley  Point  C  white  elephant  nuclear  power  nuclear  waste  carbon  tax  renewable  energy  energy  policy  energy  price  competitiveness  industrial  policy  Manufacturing  foreign  direct  investment  energy  storage  energy  security  Tories  Amber  Rudd  David  Cameron  George  Osborne  underinvestment  Smart  Grid  UK  Politics  dogma  ideology  trickle-down  economics  free  market  neoliberalism  neoliberal  subsidies  subsidizing  solar  energy  wind  energy  gas  energy 
march 2016 by asterisk2a
Keiser Report: Sovietization of capitalism (E723) - YouTube
BIS 100% of private debt and finance sector larger than 3.9% of economy bad ... and siphoning off talent from more productive fields of work. And finance favours lending to property and land (low productivity). [...] financial products (derivatives) do not help economy. is just a financial product, fee collection. rentier! rent-seeking behaviour! fees fees fees. (JP Morgan, 89% of profits, see interview) [...] QE reflated asset prices/share prices! // In the second half, Max interviews David Graeber about his new book, The Utopia of Rules: On Technology, Stupidity and the Secret Joys of Bureaucracy.
private  debt  consumer  debt  household  debt  BIS  Wall  Street  recovery  zombie  banks  car  loan  credit  card  debt  student  loan  debt  student  loan  Bubble  student  debt  economic  history  GFC  secular  stagnation  UK  City  of  London  USA  investment  banking  retail  banking  BOE  Fed  macroeconomic  policy  microeconomic  policy  property  speculative  bubbles  speculative  speculation  productivity  output  gap  austerity  George  Osborne  dogma  ideology  constituency  Party  Funding  vested  interest  interest  groups  mortgage  market  Housing  Crisis  Help  to  Buy  Scheme  Help  to  Save  Funding  for  Lending  Scheme  Right  to  Buy  Buy-to-Let  subsidies  subsidizing  derivatives  financial  product  rent-seeking  rentier  QE  ZIRP  NIRP  reflate  reflation  Mark  Carney  fiscal  policy  monetary  policy  Richard  Koo  book  David  Graeber  MervynKing 
march 2016 by asterisk2a
Iain Duncan Smith: the latest MP to pretend council cuts are not his fault | Public Leaders Network | The Guardian
[ comparing gov budget and council budgets to the liking of a company or household! ] [ Iain Duncan Smith ] My only advice to local council[s] is that if you get the balance right, you should be able to manage this in a way that is not headline news – doing it with better efficiency. It is like any company, [ ... /// ... ] In the case of Enfield, which has had to make savings of £118m since 2010 – 49% in real terms according to a council spokeswoman – Duncan Smith’s proclamations are an affront. [...] Duncan Smith’s ill-informed pontifications, Taylor says, are an exercise in power without responsibility
Richard  Koo  Iain  Duncan  Smith  George  Osborne  David  Cameron  Jeremy  Hunt  nasty  party  Tories  Conservative  dogma  ideology  trickle-down  economics  neoliberalism  neoliberal  Council  Public  Services  Social  Services  Police  NHS  child  protection  safety  net  welfare  state  economic  history  aggregate  demand  austerity  UK  deprivation 
march 2016 by asterisk2a
Expect more teenage pregnancies and STIs as public health cuts kick in | Public Leaders Network | The Guardian
[ cut public health budget (prevention & intervention) by +200m ] Slicing money out of local prevention services is ‘economically nonsensical’, completely undermining the pledge to pump billions into the NHS [...] 77% [of councils] said they expected obesity interventions to be cut [...] total spend on STIs by 2020 could top £6bn. [...] Every £1 spent on contraception saves £11 in healthcare costs. Cuts to sexual health sector are economically nonsensical [ TORIES SET NHS UP TO FAIL! Simon Stevens is being ser-up to fail! ] //&! King's Fund analysis - bit.ly/1DsQcFS //&! bit.ly/1TTUVFP - short-termism. with cuts to prevention, and no new prevention initiatives ie sugar tax and processed food tax and meat tax (burger king and co), health coaches at gp surgeries ... 5 year nhs budget targets will be overrun massively by 2020. Simon Stevens is asked to resign before 2020 election.
public  health  public  health  policy  prevention  intervention  teenage  pregnancy  budget2015  NHS  health  care  budget  health  care  spending  sick  population  health  crisis  tobacco  STI  STD  GP  LGBT  mental  health  Council  Services  Social  Services  child  protection  deprivation  post  code  lottery  health  inequality  ROI  obesity  diabetes  smoking  sedentary  lifestyle  alcohol  abuse  food  abuse  substance  abuse  addiction  Iain  Duncan  Smith  Jeremy  Hunt  George  Osborne  underinvestment  austerity  dogma  ideology  Tories  Conservative  Party  nasty  David  Cameron  Westminster  Whitehall  Toff  Privileged  Establishment  Simon  Stevens  short-termism  general  election  2020  Sugar  Tax  Politics  food  industry  processed  food  food  engineering  Chain  fast  food  Desert  junk  food  food  poverty  CQC  demographic  bubble  ageing  population  diet-related  disease  chronic  diseases  obesity  epidemic  childhood  obesity  cancer  heart  disease  budget2010  Privatisation  policy  folly  policy  error  Big  Sugar 
march 2016 by asterisk2a
Lords rebuff Tory plan to cut ESA for second time | Politics | The Guardian
[ trying to redefine who deserves something for nothing, and disability ] Peers defeat government again over proposed £30-a-week cut to benefits for ill and disabled found ‘unfit to work.’ The House of Lords has defeated the government again over welfare reform and work bill proposals to cut £30 a week from the benefits of ill and disabled people who have been found unfit to work. Peers passed an amendment that calls on ministers to deliver a formal assessment of the likely impact of the cut on the health, finances and work prospects of hundreds of thousands of claimants, who will see their unemployment benefits reduced by £1,500 a year. [...] there is no evidence that the proposed cut would help ESA Wrag recipients get back into employment, while campaigners say the cut will push claimants further into poverty. [...] The government estimates that the cut would save the Treasury £1.4bn over four years. [ vs tax avoidance of ~20bn a year ] &! bit.ly/1T621bN &! bit.ly/1Lx6PyH
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march 2016 by asterisk2a
Britain heading for power cuts next winter, say 60 local authorities | Business | The Guardian
bit.ly/1TOwjhT &! A group representing 60 local authorities has warned that recent closures of large power stations have left Britain heading for power cuts next winter, despite assurances to the contrary from the government. [...] National Grid needed to act immediately to fill the supply gap by sending out new contracts for at least 2,500 megawatts (MW) of additional generating capacity – enough to power 2.5m homes. The alliance wants ministers to reconsider the level of carbon taxes, saying this is one of the key reasons why so many coal-fired power stations are being shut down early. [...] In recent years, coal, nuclear and gas-fired plants have been shut because of low prices, high operating costs or old age. Windfarms have been erected and new nuclear facilities promised but energy companies say gas plants cannot be built without higher subsidies. //&! bit.ly/1MpvhlE - UK doesn not meet 15% of EU renewables target, but cuts subsidies for renewables, duh! &! bit.ly/1sL8Kty
carbon  tax  renewable  energy  Smart  Grid  energy  storage  energy  price  energy  policy  energy  security  UK  competitiveness  austerity  solar  energy  wind  energy  subsidies  subsidizing  corporate  welfare  fossil  fuel  Petroleum  Industry  gas  power  industrial  policy  policy  folly  policy  error  underinvestment  George  Osborne  Amber  Rudd  David  Cameron  Tories  short-termism  Hinkley  Point  C  nuclear  power  nuclear  waste  nasty  party  Generationengerechtigkeit  fairness  babyboomers  dogma  ideology  trickle-down  economics  free  market  neoliberalism  neoliberal  coal  power 
february 2016 by asterisk2a
EU referendum: Boris Johnson calls Cameron's Project Fact 'baloney' | Politics | The Guardian
"stay campaign is project fear" leave campaigners go without facts. [...] Chris Grayling, one of the six cabinet members who favour Brexit, had earlier dismissed a 28-page Cabinet Office report warning of what Cameron called a “decade of uncertainty” if Britain votes to leave, as “completely ludicrous”. Grayling accused his boss of running a “relentless campaign of fear”. Separately, employment minister Priti Patel, another prominent advocate for Brexit, ramped up the criticism of cabinet secretary Sir Jeremy Heywood’s decision to limit the support civil servants can provide to pro-Brexit ministers, describing it as “unconstitutional”. [...] Iain Duncan Smith “I have the highest opinion of the British people; [ //&! If it were a pure economic argument, where are the economists?! but it's about ideology, dogma and demagogy ... populism, propaganda, polarisation, manufactured consent, supported by right-wing media's manufactured consent ] &! bit.ly/1oKclJ1 &! Sturgeon - bbc.in/1TM6YGm
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february 2016 by asterisk2a
Secondary school places for all 'undeliverable', councils warn - BBC News
[ planning taken out of hands of councils ] [ first the teachers strike (2014), then the doctors strike (2015/2016) - bit.ly/1T3QTfc ] The legal duty of councils in England to ensure that every child has a school place could soon become undeliverable, local authorities have warned. With a population bulge about to hit secondary schools, councils want powers to open new maintained schools and to compel academies to expand. Thousands of children are due to hear on Tuesday which secondary school they will attend from September. However the government says the warning amounts to "scaremongering". The population bulge which has put primary schools under pressure will start hitting secondary schools this year, according to official figures. Last year councils had to provide 2,740,000 secondary school places, but this will rise to 3,287,000 by 2024, the figures predict.
UK  education  policy  austerity  Council  Public  Services  Social  Services  staff  shortage  staff  morale  Generationengerechtigkeit  fairness  classroom  size  mobility  income  mobility  Gini  coefficient  post  code  lottery  deprivation  Perspektivlosigkeit  child  poverty  poverty  trap  attainment  gap  Tories  nasty  party  dogma  ideology  Conservative  Toff  Privileged  Establishment  budget2010  budget2015  Westminster  Whitehall  No  Representation  Career  Politicians  George  Osborne  Nicky  Morgan  Michael  Gove  David  Cameron 
february 2016 by asterisk2a
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich - SPIEGEL ONLINE
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich [...] Ein Beispiel: Wenn das Bruttosozialprodukt eines Landes 10 Milliarden Euro beträgt und um eine Milliarde Euro wächst, dann entspricht das einer Steigerung von zehn Prozent. Wenn das BIP aber 1000 Milliarden Euro beträgt, dann müsste die Wirtschaft schon um 100 Milliarden Euro wachsen, um ein Wachstum von zehn Prozent zu schaffen. Wächst das BIP wie vorher um eine Milliarde Euro, entspricht das nur noch einer Steigerung von 0,1 Prozent. Die Wirtschaft wäre dann sozusagen ausgewachsen. Die alten Zeiten kehren nicht mehr zurück [...] Sollten die Ökonomen recht haben, hätte das für Staat und Sozialsysteme einschneidende Folgen: Die Planung von Bundeshaushalt oder Rentenkasse geht von einem Wachstum irgendwo zwischen ein und zwei Prozent pro Jahr aus. [...] Die Wirtschaft "unabhängiger vom Wachstum gestalten"
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february 2016 by asterisk2a
Thousands told their pension savings could be at risk - BBC News
[ fees ] It follows fears that dozens of companies providing auto enrolment pensions are too small to survive. The BBC has also uncovered evidence that employers and workers are being deliberately misled by some providers. The government said it was aware of the issue, and was planning to take action. Independent experts claim the problem could affect up to a quarter of a million people a year who are putting their savings into so-called master trust pensions. Such schemes are popular with the 1.8 million small employers with fewer than 30 staff who are currently signing up under the auto enrolment programme. "There is a risk of these schemes falling over; there is a risk that members might lose their money," said Andrew Warwick Thompson, executive director for regulatory policy at the Pensions Regulator. However, he said scheme assets invested through asset managers regulated by the Financial Conduct Authority (FCA) would be safe. This will be "the vast majority of cases", he said.
Tories  Privatisation  self-regulation  regulation  speculation  speculative  retirement  401k  pension  scheme  pension  obligation  pension  fund  public  pension  George  Osborne  David  Cameron  DWP  Iain  Duncan  Smith  Toff  Privileged  Establishment  Whitehall  Westminster  No  Representation  Career  Politicians  dogma  ideology  microeconomic  policy  labour  market  Conservative  Party  nasty  secular  stagnation  Generationengerechtigkeit  Wall  Street  profit  maximisation  shareholder  value  Millennials  generationy  generationx  babyboomers  City  of  London  GFC  oversight  Bank  FCA  Greed  regulators  trust  free  market  neoliberalism  neoliberal  policy  error  policy  folly  HMRC 
february 2016 by asterisk2a
Five issues that will shape the Northern Powerhouse - BBC News
[ white elephant! lol & the double standard of Google paying 2% tax vs small businesses full 18%+ and not getting investment, R&D loans ] Will Hull thrive or suffer if transport is radically improved to the eastern fringe of the Powerhouse? There's no way of telling. Some people think investment in skills, education and training would be a more certain way of improving productivity - and business leaders are keen to ensure that these key elements are not forgotten in the rush for steel and tarmac. I asked former CBI director-general John Cridland, who is now head of Transport for the North, if there was any certainty that spending billions on infrastructure would improve productivity. He agreed there was no proof, but urged people to take a leap of faith - like the Victorian engineers.
STEM  skills  gap  practical  skills  apprenticeships  underinvestment  productive  investment  Northern  Powerhouse  UK  George  Osborne  David  Cameron  productivity  output  gap  recovery  carbon  tax  renewable  energy  competitiveness  competitive  industrial  policy  Germany  corporate  tax  rate  tax  evasion  tax  avoidance  conglomerate  multinational  HMRC  budget  deficit  dogma  ideology  austerity  squeezed  middle  class  job  creation  Service  Sector  Jobs  added  value  value  creation  economic  history  property  bubble  distortion  HS2  Hinkley  Point  C  HS3  infrastructure  investment  infrastructure  macroeconomic  policy  macroprudential  policy  zombie  banks  BOE  Funding  for  Lending  Scheme  Mark  Carney 
february 2016 by asterisk2a
Dispatches - Low Pay Britain - All 4
living wage starts from 21? 25? // retail big! high street big! - service sector. no manufacturing ... // IT IS CORPORATE SUBSIDY - PROGRAM FOR LOW PAY! // very far from Germay model! // tax payer pays for people in high street! // Ofsted found inadequate conditions! AND SMALL MINORITY GET ACTUALLY A FULL-TIME JOB! LOL LOL LOL! // Social Market Foundation (research) found lvl2 apprenticeship adds nothing to purse over a lifetime. // its DWP policy to get young people off the paper onto other paper largely, still funded, by the gov - still adding to budget deficit. // Ofsted concerned over apprenticeships "wasting public funds" // WHAT A TORY SPIN! // retail places have shot up, and construction plummeted! the latter is harder or put through training providers ( private companies, PRIVATISATION! ). employers are not in charge. to quote one employee of a training provider "meet targets, get money in" its about the # of apprenticeships, not the quality or economic need/industry. //
apprenticeships  exploitation  Workers  Union  Trade  Union  working  poor  Generationengerechtigkeit  fairness  precarious  work  Precariat  self-regulation  minimum  wage  living  wage  low  pay  low  income  welfare  state  social  safety  net  working  tax  credit  tax  credit  housing  benefit  Iain  Duncan  Smith  DWP  spin  doctor  Positioning  Career  Politicians  No  Representation  Service  Sector  Jobs  job  creation  youth  unemployment  policy  folly  policy  error  education  policy  PR  David  Cameron  George  Osborne  industrial  policy  STEM  Manufacturing  microeconomic  policy  macroeconomic  policy  recovery  GFC  disposable  income  discretionary  spending  corporate  scandal  corporate  welfare  subsidies  subsidizing  budget  deficit  Fachkräftemangel  trickle-down  economics  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  Ofsted  skills  gap  budget2015  free  market  Privatisation  dogma  ideology 
february 2016 by asterisk2a
Cash from Swinney slammed as Aberdeenshire Council agrees new budget - Evening Express
The ruling SNP-led administration laid out budget plans to plug a £28m funding shortfall during a debate before the full council. The 2016/17 budget, which was approved 34 members to 23, includes a £3.2m cut in education and an estimated saving of £1.2m on early learning and childcare staffing. [...] The budget outlined slashing the road maintenance funds by £973,000, a reduction of nearly 6%. While £1.4m less will be spent on waste management – including the emptying of waste and recycling bins – than in 2015. A reduction in travel costs, investing in technology and making better use of council properties has been outlined to save £11.5m.
Council  austerity  UK  education  policy  Scotland  Holyrood  Scotland  Bill  Fiscal  Framework  underinvestment  infrastructure  investment  productive  investment  public  transportation  Westminster  George  Osborne  David  Cameron  Tories  dogma  ideology  nasty  party  child  care  Conservative  Gini  coefficient  social  mobility  Generationengerechtigkeit  bank  bailout  fairness  income  mobility 
february 2016 by asterisk2a
School buildings in 'deplorable' state, head teacher claims - BBC News
A generation of school buildings have leaking roofs, poor windows and cold cramped classrooms, said a head teacher who has accused the Welsh government of not doing enough to address it.
underinvestment  infrastructure  investment  austerity  UK  education  policy  productive  investment  Gini  coefficient  social  mobility  income  mobility  deprivation  child  poverty  poverty  Tories  Conservative  Party  nasty  dogma  ideology  Westminster  Whitehall  No  Representation  bank  bailout  tax  evasion  tax  avoidance  babyboomers  constituency  Toff  Privileged  Establishment  Nicky  Morgan  Michael  Gove  David  Cameron  George  Osborne  inequality  health  inequality  well  being 
february 2016 by asterisk2a
Full-time work is no bar to poverty in UK, report says | Society | The Guardian
Despite at least one adult working full time, millions of households cannot make ends meet, Joseph Rowntree Foundation reports [...] Millions of households struggle to make ends meet even though they include at least one adult in full-time work, according to a report by the Joseph Rowntree Foundation (JRF). Living standards have declined since 2008 despite the economy’s return to growth, the anti-poverty charity said, warning that families with children are at particular risk of a life in poverty. [...] The MIS is determined by asking members of the public to define what is needed to “live to an adequate level”. The threshold is £16,850 for a single person, £25,600 for a lone parent with one child and £36,060 for a single breadwinner with two children. [...] Approximately 11.6 million people in the UK live below the MIS, [...] An improving economy alone is not guaranteed to reverse this rise.” [...] [ no economic security in this recovery! ]
Service  Sector  Jobs  job  creation  precarious  work  Precariat  minimum  wage  Zero  Hour  Contract  Contractor  UK  poverty  tax  credit  child  poverty  squeezed  middle  class  wage  stagnation  income  growth  low  pay  low  income  disposable  income  discretionary  spending  income  distribution  income  inequality  Gini  coefficient  income  mobility  downward  mobility  social  mobility  income  redistribution  tax  free  income  recovery  austerity  living  standard  quality  of  life  Perspective  Perspektivlosigkeit  deprivation  economic  security  GFC  secular  stagnation  economic  history  inequality  health  inequality  trickle-down  economics  dogma  ideology  neoliberalism  neoliberal  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  DWP  George  Osborne  David  Cameron  Iain  Duncan  Smith  budget  deficit  tax  evasion  tax  avoidance  USA  household  debt  consumer  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  Bubble  child  care  social  safety  net  welfare  state 
february 2016 by asterisk2a
Help-to-buy loan scheme nets Treasury £213m in paper profit | Money | The Guardian
[ gov is not co-owner of private property! Make away with Nurse Bursaries and other gov support for education. But support the property price! by keeping supply always lower than demand. and use policy to increase demand w subsidies! where to put their savings! & subsidy for builders ] Rising house prices across much of England mean a government scheme to help buyers of newbuild property may have made more than £200m for the Treasury in its first two-and-a-half years. The help-to-buy equity loan scheme gives buyers an interest-free loan for five years in return for a percentage stake in their property. When the home is sold, the buyer returns the same percentage of the sale price, meaning that any fall or rise in house prices affects the return. Analysis by property firm Hometrack and shared with the Guardian suggests that a surge in house prices in some areas means the total value of homes bought through the scheme since its launch in April 2013 has increased by more than £1bn.
property  bubble  UK  speculative  bubbles  Housing  Crisis  affordable  social  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let  Help  to  Save  budget  deficit  austerity  constituency  Party  Funding  babyboomers  BOE  macroprudential  policy  mortgage  market  ZIRP  NIRP  QE  hunt  for  yield  distortion  financial  repression  household  debt  consumer  debt  credit  card  debt  Generationengerechtigkeit  generation  rent  fairness  asset  bubble  asset  allocation  NPL  subprime  Payday  Loans  car  loan  student  debt  student  loan  debt  student  loan  Tories  fiscal  policy  monetary  policy  policy  error  policy  folly  Conservative  Party  nasty  short-termism  voter  turnout  disenfranchise  disenfranchised  David  Cameron  George  Osborne  underinvestment  infrastructure  investment  productive  investment  recovery  Richard  Koo  balance  sheet  recession  deleveraging  debtoverhang  zombie  consumer  zombie  banks  zombie  corporations  secular  stagnation  Privatisation  trickle-down  economics  dogma  ideology  GFC  bank  bailout  subsidies  subsidizing  corporate  welfare 
february 2016 by asterisk2a
Was a deal over doctors' contracts ever possible? - BBC News
[ resources already pledged do not meet demand. especially chronic and complex diseases taking too much of a share of resources. ] In short, the profession believes if staffing is to be increased at weekends it needs to be accompanied by an increase in investment. But ministers are trying to do this for the same money. The sums simply don't add up, doctors say.
Jeremy  Hunt  David  Cameron  NHS  underinvestment  Junior  Doctors  staff  morale  locum  staff  staff  shortage  budget2010  budget2015  mental  health  elderly  care  adult  social  care  Council  minimum  wage  bed  blocking  A&E  GP  sick  population  health  crisis  health  care  budget  health  care  spending  diet-related  disease  chronic  diseases  premature  ageing  premature  death  ageing  population  babyboomers  prevention  intervention  cancer  heart  disease  diabetes  obesity  BMA  Tories  Conservative  Party  trickle-down  economics  neoliberalism  neoliberal  dogma  ideology  nasty  PR  Positioning  misrepresentation  spin  doctor  Toff  Establishment  Privileged  Westminster  Whitehall  No  Representation  democracy  bank  bailout  tax  evasion  tax  avoidance  austerity  budget  deficit  George  Osborne  vulnerable  Disabled 
february 2016 by asterisk2a
Teacher shortages in England, spending watchdog confirms - BBC News
Teacher shortages in England are growing and the government has missed recruitment targets for four years, the official spending watchdog has said. It means 28% of secondary physics lessons are taught by teachers with no more than an A-level in the subject, the National Audit Office report says. Ministers have a "weak understanding" of local teacher shortages, it adds. The government said overall teacher numbers had risen and blamed unions for "talking down" the profession. While the overall number of teachers has kept pace with rising pupil numbers, teacher shortages are growing, particularly in poorer areas and at secondary level, according to the authors. [...] "Unless government radically tackles the pay, workload and excessive accountability that teachers currently suffer, this is a situation that will get increasingly worse," said Ms Blower. //&! bit.ly/1LfqZNB
austerity  UK  social  mobility  income  mobility  education  policy  Gini  coefficient  poverty  trap  childhood  development  Generationengerechtigkeit  fairness  nasty  party  David  Cameron  George  Osborne  Toff  Privileged  Establishment  downward  mobility  staff  morale  staff  shortage  deprivation  Conservative  Tories  dogma  ideology  underinvestment  productive  investment  public  investment  Services  mental  health  well  being  chronic  stress  Services  Council  bank  bailout  constituency  babyboomers  child  tax  credit  working  poor  Precariat  low  pay  low  income  minimum  wage  tax  credit 
february 2016 by asterisk2a
Junior doctors' strike: BMA totally irresponsible - Jeremy Hunt - BBC News
[ by redefining Saturday as non weekend day, Gov gets it's 7 day NHS without paying more than needed ] Ministers offered doctors an 11% rise in basic pay last year, but that was offset by curbs to other elements of the pay package, including payments for unsociable hours - they have maintained there is not extra money for junior doctor pay. The government says the changes are needed to create more seven-days services, but the BMA warns safeguards to keep a lid on excessive hours are being weakened and also has concerns about career progression and weekend pay. //&! Jeremy Hunt blames unions for junior doctor concerns - bbc.in/1SFZgxs //&! Last-minute talks are taking place between doctors and government negotiators to avert Wednesday's strike over a contract dispute. - bbc.in/1TaDC45 - [Closed nearly deal; BMA] put forward a proposal that would have seen doctors' basic pay rise by about half the 11% offered by ministers in return for Saturday not to be treated as a normal working day.
Jeremy  Hunt  George  Osborne  David  Cameron  spin  doctor  PR  Positioning  nasty  party  Tories  Conservative  constituency  babyboomers  health  care  budget  health  care  spending  sick  population  health  crisis  diet-related  disease  chronic  diseases  premature  ageing  ageing  population  demographic  bubble  A&E  GP  adult  social  care  elderly  care  Council  austerity  mental  health  IVF  general  election  2015  election  campaign  promises  Manifesto  Career  Politicians  dogma  ideology  CQC  Privatisation  Westminster  Toff  Privileged  Establishment  Junior  Doctors  staff  morale  locum  staff  staff  shortage 
february 2016 by asterisk2a
Nearly 14,000 disabled people have mobility cars taken away - BBC News
Independent Living Allowance ILA/ PIP personal independent payment & disability fund. // biggest cause of disability of 40 and older? stroke. diet and lifestyle attributed. // how much higher pay and lower taxes and less welfare state is paying for mobility scooters or cars that are customised for disabled person to drive? // // Nearly 14,000 disabled people who rely on a specialist motoring allowance have had their cars taken away from them following government welfare changes. [...] The government hopes to save £2bn as a result of the switch from DLA to PIPs. [ during a parliament term ] while tax evasion to the tune of +20bn a year goes on [ and around 70bn in europe (guestimate) ]
DWP  WCA  ESA  Disabled  disability  poverty  loneliness  social  safety  net  welfare  state  Iain  Duncan  Smith  George  Osborne  austerity  David  Cameron  fairness  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  heart  disease  stroke  nasty  party  Funding  Tories  Conservative  Westminster  Toff  Privileged  Establishment  No  Representation  constituency  dogma  ideology  trickle-down  economics  neoliberalism  neoliberal  Career  Politicians 
february 2016 by asterisk2a
Revealed: the Tories new plan to squeeze the working poor (From Herald Scotland)
[ great picture of IDS. redistribution from bottom to the top. ] THE TORY government been attacked over plans to extend controversial benefit sanctions to claimants with jobs, with critics warning introducing the "shockingly harsh" penalties risks plunging workers into poverty. A number of pilot schemes are currently being carried out in the UK – including in Inverness – to assess a new scheme which the Department of Work and Pensions (DWP) says is aimed at helping workers on low earnings take on more hours and increase their income. Benefits can be stopped if claimants fail to meet requirements outlined by the DWP – such as missing Jobcentre appointments or failing to show evidence of looking for more work for a certain number of hours a week, on top of their usual job.
sanctions  DWP  Iain  Duncan  Smith  working  poor  part-time  austerity  poverty  child  poverty  food  poverty  Zero  Hour  Contract  Contractor  freelance  self-employment  precarious  work  Precariat  low  income  low  pay  minimum  wage  UK  Gini  coefficient  income  inequality  income  distribution  income  redistribution  fairness  Generationengerechtigkeit  bank  bailout  tax  evasion  tax  avoidance  Tories  nasty  party  Conservative  Funding  progressive  tax  code  corporate  welfare  subsidies  subsidizing  George  Osborne  David  Cameron  dogma  welfare  state  social  safety  net  ideology  neoliberalism  neoliberal  trickle-down  economics  tax  credit  Service  Sector  Jobs 
february 2016 by asterisk2a
Rules relaxed to become a teacher due to staffing crisis (From Herald Scotland)
[ hiring foreigners ] TEACHER shortages have forced their watchdog to relax the rules on joining the profession. Classroom staff who have qualified outside the country will now be allowed to work in a school immediately under a new conditional registration. People who secure a job in this way will be put on probation while they complete any additional studies or training required for full registration, a legal requirement.
education  policy  austerity  NHS  staff  morale  locum  staff  staff  shortage  post  code  lottery  Gini  coefficient  Public  Services  Social  Services  Council  Generationengerechtigkeit  fairness  George  Osborne  David  Cameron  dogma  ideology  Tories  nasty  party  Conservative  budget2010  budget2015  general  election  2015  election  campaign  promises  Manifesto  mobility  income  mobility  food  poverty  poverty  trap  poverty  child  poverty 
february 2016 by asterisk2a
Services for LGBT young people will just disappear | Kirstie Brewer | Society | The Guardian
Cuts to council youth budgets are putting vital specialist provision for vulnerable youngsters in jeopardy [...] “Youth provision has always been the Cinderella service and LGBT youth provision is its poor relation,” [...] Overall, youth services directly provided by councils in England have been cut by 36% since 2011 – from £877m to £561m total expenditure, according to figures provided by Kate Green, shadow minister for women and equalities. “Councils are facing impossible decisions about youth services as the government slashes their revenue support grants by over 50%, regardless of the cost to individuals and communities,” //&! Out in the cold: LGBT housing services devastated by austerity cuts. Homelessness among gay, lesbian and transgender people is rising but the few organisations that offer help are struggling to survive - bit.ly/1R6FIyh
minority  austerity  constituency  Council  Public  Services  Social  Services  UK  LGBT  NHS  mental  health  hate  speech  hate  crime  homophobic  Homophobia  transphobia  Transphobic  Tories  nasty  party  Funding  general  election  2015  election  campaign  promises  Manifesto  babyboomers  Career  Politicians  dogma  ideology  trickle-down  economics  neoliberalism  neoliberal  tax  evasion  tax  avoidance  well  being  happiness  Police  David  Cameron  George  Osborne  education  policy  fairness  bank  bailout  GFC  Generationengerechtigkeit  housing  affordable  housing  Crisis  voter  turnout  LGBTQIASP  Transgender  Perspective  Perspektivlosigkeit  deprivation  substance  abuse  chemsex  chem  sex  chem-sex  STI  STD  health  policy  health  stigma  Conservative  Westminster  Toff  Privileged  Establishment  poverty  Gesellschaft  society 
february 2016 by asterisk2a
A day in court showed me the misery of Britain’s housing policy | Polly Toynbee | Opinion | The Guardian
The housing crisis they inherited has worsened as rents rise, but David Cameron and George Osborne’s cuts to social housing are a bizarre response: the housing and planning bill going through parliament marks the end of the social housing era. Not by accident but by deliberate policy, 88,000 council homes to rent will be lost, says the Conservative-controlled Local Government Association. Labour says the total will be 180,000 by 2020. Money is sucked out of social housing into the Treasury, as the 1% rent cut saves on the housing benefit bill by stealing funds due to pay for new social homes. Half of all renters get some housing benefit, with the continuous rise in rents. Cutting that support simply propels more into homelessness.
poverty  trap  poverty  social  housing  affordable  housing  Crisis  UK  DWP  Universal  Credit  Council  Starter  Homes  David  Cameron  precarious  work  Precariat  working  poor  Zero  Hour  Contract  Contractor  part-time  nasty  party  trickle-down  economics  neoliberalism  neoliberal  Privatisation  post  code  lottery  Gini  coefficient  income  mobility  social  mobility  inequality  Generationengerechtigkeit  fairness  generation  rent  George  Osborne  budget  deficit  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  corporate  tax  rate  general  election  2015  election  campaign  promises  Manifesto  austerity  policy  folly  policy  error  dogma  ideology  constituency  fearmongering  Fear  manufactured  consent  PR  spin  doctor  Positioning  Tories  Conservative  tax  Westminster  Toff  Privileged  Establishment  child  poverty  education  policy  job  security  insecurity  uncertainty  well  being  mental  health  Depression  health  inequality  food  poverty  budget2015 
february 2016 by asterisk2a
Long hours, endless admin and angry parents – why schools just can’t get the teachers | Education | The Guardian
British schools are reporting a classroom crisis, with thousands of disaffected teachers leaving the profession, and new graduates discouraged from training because of the daily stress and grind. And with the number of state school pupils set to rise by a million by 2022, the problem is only getting worse [...] If somebody had said, ‘You can have 60 grand a year to stay,’ I would still have said no // Education secretary Nicky Morgan. // [...] Some of the factors behind stories like these are traceable to the New Labour years, but many are rooted in Michael Gove’s hyperactive four-year reign as education secretary. They go from never-ending paperwork, to a constantly changing regime of exams and assessments. Meanwhile, the prospect of a visit from Ofsted and the possibility of a bad inspection are a constant source of stress – not least because a “requires improvement” or the dread “inadequate” rating will mean even more upheaval. [ top down non-professional insight/exp burokratie ]
education  policy  UK  austerity  post  code  lottery  Generationengerechtigkeit  fairness  Tories  Conservative  Party  nasty  No  Representation  Westminster  Toff  Establishment  Privileged  policy  folly  policy  error  dogma  ideology  short-termism  NHS  staff  morale  Gini  coefficient  social  mobility  income  mobility  inequality  Sozialpolitik  Integrationspolitik  tax  evasion  tax  avoidance  Party  Funding  constituency  general  election  2015  election  campaign  promises  Manifesto  general  election  2010  budget  deficit  George  Osborne  David  Cameron  poverty  poverty  trap  child  poverty  burokratie 
february 2016 by asterisk2a
Stigma of mental illness | Alastair Campbell - YouTube
you can never anticipate when change, social change comes. legislation is usually a response to change. mental health is last big taboo. // >> "Control the Message." << you can not control where the message goes. you can only control what you say and what you do << budget deficit. need to get into surplus. to pay down debt. but not telling not the disabled increased the budget deficit so massively, but the bankers bailout and the pensioners. and the corporate welfare. never was the cause adressed. what is easier? cut minority? or tax your party funders? the city and non-doms and super rich? mega properties? // what is easier to cut? cancer service, child protection service, mental health service?
mental  health  mental  illness  stigma  public  sentiment  public  awareness  public  health  policy  public  health  public  image  racism  prejudice  snap  judgement  public  perception  public  opinion  democracy  public  debate  Makers  gay  rights  gay  marriage  discrimination  transphobia  Transphobic  homophobic  Homophobia  Islamophobia  Ausländerfeindlichkeit  Xenophobia  changing  attitudes  Social  Media  PR  spin  doctor  manufactured  consent  propaganda  Polarisation  populism  Positioning  George  Osborne  David  Cameron  refugee  crisis  HR  human  resources  austerity  Tories  nasty  party  Conservative  dogma  ideology  bank  bailout  Funding  Career  Politicians  No  Representation  constituency  non-dom  Super  Rich  1%  corporate  tax  rate 
january 2016 by asterisk2a
Why is the pound falling so sharply? - BBC News
Weak economic data is casting doubt on the future performance of the UK economy, with inflation persistently well below the Bank of England's 2% target and earnings growth slowing down from a six-year high. Earlier this month, figures for November showed that UK industrial output had suffered its sharpest decline since 2013. Looking further ahead, investors are worried about the outcome of a referendum on the UK's continued membership of the EU. As Andy Scott of foreign exchange services firm HiFX put it: "Concerns over the UK economy and the risk of a Brexit look likely to continue to haunt sterling." Traders are also generally more risk-averse in the light of the global turmoil caused by Chinese market problems and falling oil prices, which makes them reluctant to buck sterling's downward trend.
UK  BOE  Taper  ZIRP  NIRP  QE  liquidity  trap  debtoverhang  consumer  debt  household  debt  credit  card  debt  mortgage  market  industrial  policy  austerity  monetary  policy  fiscal  policy  Richard  Koo  zombie  consumer  zombie  banks  zombie  corporations  monetary  transmission  mechanism  monetary  theory  unconventional  monetary  policy  Mark  Carney  MPC  energy  policy  energy  price  competitive  competitiveness  STEM  underinvestment  tax  evasion  tax  avoidance  corporate  welfare  corporate  tax  rate  subsidies  subsidizing  secular  stagnation  immigration  migration  job  creation  low  income  Service  Sector  Jobs  recovery  GFC  bank  bailout  budget  deficit  London  Scottish  Independence  Scottish  referendum  Devolution  Brexit  uncertainty  unknown  unkown  global  economy  credit  bubble  debt  servitude  Super  Cycle  student  loan  debt  student  debt  baddebt  NPL  private  debt  economic  history  Niall  Ferguson  democracy  Super  Rich  1%  oligarchy  plutocracy  Gini  coefficient  inequality  social  mobility  income  mobility  Precariat  Zero  Hour  Contract  precarious  work  Contractor  low  pay  minimum  wage  George  Osborne  Tories  dogma  ideology  Conservative  Party  neoliberal 
january 2016 by asterisk2a
Carney: No need for interest rate rises now - BBC News
Carney said that collapsing oil prices and an "unforgiving" global environment meant that tighter monetary policy was not yet necessary. [...] He pointed out that the Fed's rate rise had only brought the US interest rate to the same "lofty level" as the Bank of England's. The Governor said that three factors would be the strongest guide to when interest rates might rise. First, that economic growth in the UK would be higher than the average trend. He said that growth at an average quarterly rate of 0.5% in 2015 had "disappointed". Second, that wage growth strengthens and productivity improves. And, third, that core inflation starts to approach the target rate of 2%. //&! Rate rise pause till early 2017? - bbc.in/1T1Qrge - [ global risks are building, global imbalances, faultlines. ] There's a frying pan - the global growth slowdown - and a fire - high levels of indebtedness - out there. &! bbc.in/1S5N7ks
Fed  BOE  2016  Taper  UK  USA  monetary  policy  Mark  Carney  Fed  mandate  productivity  output  gap  inflation  expectation  inflation  targeting  nominal  GDP  targeting  deflationary  deflation  Oil  price  commodity  prices  wage  inflation  GDP  secular  stagnation  economic  history  austerity  fiscal  policy  property  bubble  consumer  debt  household  debt  credit  card  debt  mortgage  market  ZIRP  NIRP  QE  private  debt  corporate  debt  Europe  ECB  China  credit  bubble  2015  global  economy  BRIC  OPEC  aggregate  demand  Richard  Koo  overcapacity  Supply  and  and  Supply  liquidity  trap  monetary  transmission  mechanism  monetary  stimulus  monetary  theory  unconventional  monetary  policy  debt  monetisation  debt  monetization  zombie  consumer  zombie  corporations  zombie  banks  debtoverhang  balance  sheet  recession  deleveraging  margin  trading  speculative  bubbles  equity  bubble  Super  Cycle  debt  servitude  leverage  George  Osborne  dogma  ideology  neoliberalism  neoliberal  faultlines  global  imbalances  distortion  emerging  middle  class  emerging  market  Frontier  Markets  sovereign  debt  crisis  unintended  consequences  unknown  unkown  QT  financial  repression  New  Normal 
january 2016 by asterisk2a
Why are we looking on helplessly as markets crash all over the world? | Will Hutton | Opinion | The Guardian
[ so much debt in the system, a rise in interest can not be served as is ] The imminent collapse of the Chinese Ponzi-scheme economy shows that we need to bring control to the international economy. [...] There has always been a tension at the heart of capitalism. Although it is the best wealth-creating mechanism we’ve made, it can’t be left to its own devices. Its self-regulating properties, contrary to the efforts of generations of economists trying to prove otherwise, are weak. [...] Profits as a share of national income in Britain and the US touch all-time highs; wages touch an all-time low as the power of organised labour diminishes and the gig economy of short-term contracts takes hold. The excesses of the rich, digging underground basements to house swimming pools, cinemas and lavish gyms, sit alongside the travails of the new middle-class poor. These are no longer able to secure themselves decent pensions and their gig-economy children defer starting families ...
China  credit  bubble  speculative  bubbles  equity  bubble  BRIC  2015  2016  self-regulation  capitalism  crony  capitalism  Wall  Street  shareholder  value  profit  maximisation  Gig  Economy  Zero  Hour  Contract  squeezed  middle  class  secular  stagnation  western  world  aggregate  demand  consumer  debt  debtoverhang  Richard  Koo  economic  history  balance  sheet  recession  household  debt  credit  card  debt  car  loan  mortgage  market  working  poor  poverty  trap  Gini  coefficient  social  mobility  income  mobility  inequality  plutocracy  oligarchy  Super  Rich  1%  ZIRP  NIRP  QE  distortion  George  Osborne  dogma  ideology  David  Cameron  neoliberalism  neoliberal  globalisation  globalization  exploitation  borderless  flat  world  USA  UK  austerity  fiscal  policy  monetary  policy  liquidity  trap  debt  servitude  wage  stagnation  shared  economic  interest  NPL  shadow  banking  shadow  Career  Politicians  No  Representation  democracy  social  democracy  Generationengerechtigkeit 
january 2016 by asterisk2a
Sean Bean’s battle cry: ‘I despair at the state of further education’ | Education | The Guardian
fight to save colleges from threat of funding cuts //&! The Tories’ assault on further education will cost Britain dearly. Colleges have been battered by cuts already – another round could destroy them. It is time we made David Cameron talk about it - http://bit.ly/1QeZ46n
education  policy  social  mobility  income  mobility  social  safety  net  welfare  state  austerity  post  code  lottery  inequality  UK  George  Osborne  Generationengerechtigkeit  Tories  nasty  party  Conservative  David  Cameron  constituency  babyboomers  budget2015  short-termism  budget  deficit  dogma  ideology  Career  Politicians  No  Representation  social  democracy  democracy  fairness  generation  rent  student  loan  debt  student  loan  Bubble  discretionary  spending  disposable  income  student  debt  debt  servitude  consumer  debt  credit  card  debt  household  debt 
january 2016 by asterisk2a
"Markets Crash When They're Oversold" | Zero Hedge
Technology Destroying Jobs + While the big driver of the decline in economic growth since the 1980’s has been a structural change from a manufacturing based economy (high multiplier effect) to a service based one (low multiplier effect), it has been exacerbated by the increase in household debt to offset the reduction in wage growth to maintain the standard of living. This is shown clearly in the chart below. [...] In fact, each job created in energy-related areas has had a “ripple effect” of creating 2.8 jobs elsewhere in the economy from piping to coatings, trucking and transportation, restaurants and retail. Simply put, lower oil and gasoline prices may have a bigger detraction on the economy than the “savings” provided to consumers.
Oil  price  shale  gas  fracking  job  creation  USA  2016  Service  Sector  Jobs  Manufacturing  globalization  globalisation  neoliberalism  neoliberal  borderless  flat  world  economic  history  UK  low  income  wage  stagnation  wage  growth  income  growth  disposable  income  discretionary  spending  consumer  debt  squeezed  middle  class  household  debt  property  bubble  working  poor  precarious  work  Precariat  job  security  job  market  jobcreation  job-creation  recovery  GFC  dogma  ideology  austerity  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  lobbyist  lobby  Lobbying  trade  agreement  TPP  TTIP  NAFTA  CETA  European  Union  sovereign  debt  crisis  credit  bubble  China  BRIC  structural  imbalance  global  imbalances  faultlines  2015  presidency  barackobama  ZIRP  NIRP  QE  George  Osborne  private  debt  debtoverhang  debt  servitude  student  loan  debt  student  loan  student  debt  credit  card  debt  car  loan  liquidity  trap  Richard  Koo  balance  sheet  recession  deleveraging 
january 2016 by asterisk2a
Bake Off star Tamal Ray on junior doctors' strike - BBC News
[ misrepresentation of some paper (weekend deaths)! ] Speaking on the BBC's This Week, he says the government is "playing on public fears of under-staffing" at weekends, saying the NHS already offers world-class class surgery, seven days a week. “If you have a medical emergency, you will always be seen,” he says.
NHS  Jeremy  Hunt  austerity  Junior  Doctor  Contract  general  election  2015  election  campaign  promises  Positioning  PR  spin  constituency  babyboomers  demographic  bubble  OAP  sick  population  health  crisis  Privatisation  CQC  ideology  dogma  chronic  diseases  diet-related  disease  GP  A&E  prevention  intervention  Tories  Conservative  Party  nasty  democracy  social  democracy  public  sentiment  Con  Artist  George  Osborne  NHS  Bursary  misrepresentation  No  Representation  Career  Politicians  Opportunism  opportunist 
january 2016 by asterisk2a
Edinburgh council 'optimistic' of no compulsory redundancies - BBC News
Edinburgh council leaders are "cautiously optimistic" they can shed 2,000 jobs in 12 months without the need for compulsory redundancies. The city's Labour/SNP coalition has identified £85m worth of savings to balance next year's budget. The proposals, which include selling off property as well as job cuts, will go before councillors next week. [...] The council admitted the cuts would damage services but insisted its priority was to protect the most vulnerable. [...] "We need to take action in order to achieve the necessary savings to meet this demand, and we are making every effort to do this in a way that will safeguard frontline services for the people of Edinburgh. "We want to invest in the services that are important to the public but must also look to rationalise our spending where appropriate."
Council  austerity  UK  Public  Services  Social  Services  adult  care  elderly  care  Disabled  disability  vulnerable  NHS  Community  Service  short-termism  George  Osborne  David  Cameron  Tories  nasty  party  Conservative  Westminster  Toff  Privileged  Establishment  dogma  ideology  budget2015  budget2010 
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
Why should Rachel Watt have to sleep in her wheelchair? | Frances Ryan | Opinion | The Guardian
This is the hidden face of Britain’s social care crisis: disabled people left without help in their own homes. Read most coverage of the cuts to social care and it is easy to believe the crisis solely affects older people. According to research by Scope, 83% of disabled people in this country are now living without sufficient hours in their care package. That means being unable to get out of the house or waiting 14 hours to go to the toilet. This is what happens when austerity strips £4.6bn from social care spending in five years. As the government squeezes local authorities, social care has been left with a “funding gap” – a gaping wound, shall we say – that is growing by £700m a year. The King’s Fund thinktank has told the Guardian that the financial prospects for Britain’s social care system in 2016 “could not be worse”. [...] The biggest trick the government can play is the myth that any of this is inevitable. [...] It is the political choice[.]
Disabled  disability  austerity  Council  adult  social  care  elderly  care  NHS  health  care  health  care  budget  health  care  spending  vulnerable  Tories  Conservative  Party  nasty  Toff  ideology  DWP  Iain  Duncan  Smith  Jeremy  Hunt  dogma  Establishment  Privileged  Westminster  No  Representation  Career  Politicians  George  Osborne  David  Cameron  constituency  minority  budget2010  general  election  2015  general  election  2010  election  campaign  promises  babyboomers  premature  ageing  ageing  population  OAP  chronic  diseases  diet-related  disease  demographic  bubble  fairness  Generationengerechtigkeit  bank  bailout  tax  evasion  tax  avoidance  corporate  welfare  welfare  state  social  safety  net  recovery  GFC  subsidies  subsidizing  poverty  human  decency  subhuman  dehumanisation  human  being  human  tragedy  Super  Rich  1%  plutocracy  oligarchy  Party  Funding  food  poverty  neoliberalism  neoliberal  Rechtsruck  immigration  migration  squeezed  middle  class  working  poor  Precariat  low  income  far-right  UKIP  Positioning  PR  spin  doctor  populism  propaganda  Polarisation  manufactured  consent 
january 2016 by asterisk2a
Brexit: the golden opportunity that could become Sturgeon’s nightmare | Colin Kidd | Opinion | The Guardian
Paradoxically, Scotland has seemed on the brink of independence ever since losing the referendum. The prime minister’s ungracious, Ukip-appeasing speech on the morning after the vote proved a massive turnoff, especially for conscience-stricken no-voting doubters, to whom it sounded like undiluted English nationalism. Cameron’s own goal contributed to a phenomenal surge of support for the SNP, which since the 2015 general election holds 56 of Scotland’s 59 seats at Westminster. Given a majority on that scale, independence would appear to be there for the taking.
Brexit  Scottish  Independence  Scottish  referendum  SNP  Nationalism  Toff  UKIP  Establishment  Privileged  Westminster  nasty  party  Career  Politicians  constituency  Tories  Conservative  David  Cameron  George  Osborne  No  Representation  democracy  general  election  2015  election  campaign  promises  babyboomers  immigration  migration  Opportunism  opportunist  recovery  GFC  austerity  fairness  Generationengerechtigkeit  ideology  dogma  bank  bailout  welfare  state  social  safety  net 
january 2016 by asterisk2a
The end of life tenancies for council houses will be a costly mistake | Deborah Orr | Opinion | The Guardian
The Conservatives believe fear is a great motivator. You’ll work harder if you fear losing your job. (Although job insecurity doesn’t seem to have done much to improve UK productivity.) You’ll get a job if you fear losing your benefits. (Or maybe kill yourself.) And so on. [...] Many people have given up on the idea of equal security, but see equal insecurity as an achievable goal. This kind of perverse, negative “socialism” is something that the Tories are good at exploiting. [...] This current generation of young adults, on the whole, can neither buy a home nor get council tenancies. Private landlords rule the roost once more. //&! bit.ly/1Y4LLVO
DWP  Tories  Housing  Crisis  social  affordable  nasty  party  Toff  Privileged  trickle-down  economics  neoliberalism  neoliberal  Establishment  budget2015  Privatisation  Right  to  Buy  Buy-to-Let  Help  to  Buy  Scheme  inequality  Gini  coefficient  property  rights  UK  democracy  dogma  ideology  social  democracy  George  Osborne  Manifesto  austerity  general  election  2015  constituency  babyboomers  Generationengerechtigkeit  generation  rent  election  campaign  promises 
december 2015 by asterisk2a
The roof is being fixed but beware the house crashing beneath it | Business | The Guardian
Consumer spending is driving economic growth but household debt and the house price-income ratio is at a record high. Be afraid [...] It is worth recalling that when Osborne became chancellor five and a half years ago that he had two big objectives. The first was to repair the hole in the public finances, which is still very much a work in progress. The other was to shift the centre of gravity of the economy back towards making things for export. This remains a pipedream. [...] Despite the welcome pickup in business investment, the main driver of growth has been consumer spending, which has been boosted by low interest rates, the fall in inflation caused by lower oil prices, and a modest acceleration in earnings. [...] “not the ideal shape for the recovery” and it can say that again. The current recovery looks like all the previous recoveries. [...] “Fast-rising household debt is needed to maintain a reasonable rate of growth in consumers’ spending and GDP in a world of austerity ...
household  debt  consumer  debt  zombie  consumer  recovery  credit  card  debt  credit  card  materialism  status  anxiety  USA  UK  Super  Cycle  debtoverhang  mortgage  market  Housing  Crisis  debt  servitude  NPL  property  bubble  speculative  bubbles  ZIRP  NIRP  QE  BOE  Buy-to-Let  Help  to  Buy  Scheme  Right  to  Buy  student  loan  debt  debt  bubble  student  debt  private  debt  economic  growth  GFC  fiscal  policy  austerity  industrial  policy  underinvestment  productive  investment  competitive  competitiveness  George  Osborne  dogma  ideology  neoliberalism  neoliberal  David  Cameron  Tories  nasty  party  Conservative  economic  history  energy  policy  energy  price  STEM  Manufacturing  diversity  microeconomic  policy  macroeconomic  policy  Amber  Rudd  debt  monetisation  debt  monetization  secular  stagnation  disposable  income  discretionary  spending  squeezed  middle  class  working  poor  consumerist  consumerism  trickle-down  economics  status  symbol  market  affordable  social  budget2015  marginal  propensity  to  consume  Precariat  tax  credit 
december 2015 by asterisk2a
COP21: UK under fire on climate policy - BBC News
Allegations of hypocrisy will be levelled at the UK when the Climate Secretary Amber Rudd appears at the Paris climate summit on Monday. [...] Most recently Mr Osborne scrapped a £1bn fund for a demonstration plant to capture CO2 from a power station and store it underground. It was a major pillar of UK climate policy. Craig Bennett from Friends of the Earth said: "The government is totally hypocritical on climate change. "George Osborne's anti-environmental policy decisions on energy fly the opposite way to the low-carbon route the vast majority of other countries are pursuing. // also hypocrisy to cut renewable's and investment (increase future energy price, see Steel industry; wholesale price 1/3 higher than Germany, in Germany steel companies did not close shop. They complained too. but did not close shop.) and on the other hand say only austerity will strengthen economy and a strong economy guarantees a strong NHS.
COP21  Amber  Rudd  energy  price  energy  policy  austerity  climate  change  global  warming  renewable  energy  UK  budget2015  underinvestment  Smart  Grid  infrastructure  investment  competitiveness  competitive  competition  industrial  policy  marginal  cost  solar  energy  wind  energy  energy  security  hypocrisy  Tories  nasty  party  Generationengerechtigkeit  NHS  dogma  ideology  George  Osborne  David  Cameron  constituency  babyboomers  general  election  2015  election  campaign  promises  EEG  Umlage  Germany  trickle-down  economics  tax  evasion  tax  avoidance  recovery 
december 2015 by asterisk2a
Cambridgeshire's £800m NHS out-sourcing contract ends - BBC News
A five-year £800m NHS out-sourcing contract has ended after eight months because the company running it said it was not "financially sustainable". // Because NHS itself is running on a thin edge where more efficiencies can hardly be found. How does a for-profit company with minimum margin targets will do it with fat execs? They are not able to do it what NHS took +20 years to get to that kind of efficiency at that kind of scale. Sorry, but the positioning of NHS being wasteful is opportunistic way for way to argue for Privatisation, because private companies are so much more efficient; see CEO pay and bonuses of large health care companies in USA.
NHS  Privatisation  health  care  budget  health  care  spending  Jeremy  Hunt  Tories  nasty  party  austerity  Conservative  George  Osborne  David  Cameron  Positioning  PR  spin  doctor  framing  manufactured  consent  neoliberalism  neoliberal  dogma  ideology 
december 2015 by asterisk2a
Malnutrition causing thousands of hospital admissions - BBC News
"We often see parents who are going without food so that they can feed their children, and these parents often struggle to afford enough nutritious food for their children too." He said the Trust did not believe anyone should have to go hungry in the UK, and was working with the public, charities and politicians to "find solutions to the underlying causes of food poverty". [...] "Eating and drinking well is critical when it comes to staying healthy and independent, yet this can become more difficult as we get older. [...] She said people were making choices about whether to pay a bill or feed the family. [...] quite often by the time they come through our doors and need to be admitted, the damage is already done.
food  poverty  UK  childhood  obesity  childhood  development  childhood  child  poverty  Gini  coefficient  income  mobility  social  mobility  education  policy  post  code  lottery  welfare  state  social  safety  net  prevention  NHS  intervention  public  health  public  health  policy  austerity  budget2015  nasty  party  Tories  vulnerable  Disabled  Conservative  No  Representation  dogma  ideology  trickle-down  economics  neoliberalism  neoliberal  Bank  Big  Society  elderly  care  chronic  diseases  chronic  low-grade  inflammation  Services  Services  OAP  loneliness  child  tax  credit  tax  credit  working  tax  credit  working  poor  low  pay  Precariat  Wertegesellschaft  Gesellschaft  poverty  poverty  in  old  age  poverty  trap  David  Cameron  George  Osborne 
november 2015 by asterisk2a
Gordon Brown on tax credits and Jeremy Corbyn - YouTube
&! Steve Hilton on refugee crisis, Syria and tax credits - youtu.be/2JiKaIomDJU - ISIS is jihadist ideology, is long-term war. can not close door to refugees at same time you are committed to drone warfare and direct sight bombing with fighter jets. & Is Tories welfare reform reform or smoke screen/spin/reframing of austerity?!
tax  credit  child  tax  credit  working  tax  credit  child  poverty  Gini  coefficient  working  poor  low  pay  UK  austerity  fairness  minimum  wage  childhood  development  childhood  childhood  obesity  income  mobility  social  mobility  education  policy  post  code  lottery  health  inequality  nasty  party  Tories  Conservative  poverty  food  poverty  poverty  trap  Bank  DWP  vulnerable  benefits  social  safety  net  welfare  state  budget2015  general  election  2015  election  campaign  promises  Jeremy  Hunt  Iain  Duncan  Smith  inequality  income  inequality  income  distribution  income  redistribution  trickle-down  economics  neoliberalism  neoliberal  Generationengerechtigkeit  bailout  dogma  ideology  budget  deficit  recovery  George  Osborne  David  Cameron  spin  doctor  reframing  framing  Positioning  manufactured  consent  propaganda  Polarisation  Service  Sector  Jobs  job  creation  underinvestment  productivity  output  gap 
november 2015 by asterisk2a
BBC independence 'eroded', says director general - BBC News
In a speech to business leaders on Monday, Tony Hall will urge changes to the way the broadcaster is regulated. He wants licence fee payers to have a greater say than politicians. Lord Hall says there has been a "major change" over the past 20 years which has made the foundations of the BBC's independence "weaker". The government has yet to comment. "When I was working in news and current affairs in the '90s, the independence of the BBC was protected by a set of quiet customs and traditions," he will say. "Back then it was Willie Whitelaw who'd provided us with the certainty of a 15-year Charter, underpinning our independence by allowing us stability through the political cycle. [...] He also suggests recent licence fee settlements have been decided behind closed doors without a "full process".
BBC  British  Broadcasting  Company  nasty  party  Tories  Conservative  corporate  state  corporate  media  newscorp  News  Corp.  News  Corporation  neoliberalism  neoliberal  neoconservatism  neoconservatives  Career  Politicians  David  Cameron  George  Osborne  dogma  ideology 
november 2015 by asterisk2a
UK's coal plants to be phased out within 10 years - BBC News
[How can gas be central if it has to be shipped from Russia & else?! - bbc.in/1WZQj4D ] UKs remaining coal-fired power stations will be shut by 2025 with their use restricted by 2023, Energy Secretary Amber Rudd has proposed. Ms Rudd wants more gas-fired stations to be built since relying on "polluting" coal is "perverse". Only if gas-fuelled power can fill the void created by closing coal-powered stations would coal plants be shut, she said. //&! bit.ly/1G7rJQt Subsidies cut in "emergency" Budget2015 after election which was not in the manifesto. &! Greenpeace said it showed the chancellor is out of step with the times. - bit.ly/1D2ylQg &! bit.ly/1HOeCt0 &! Renewables industry slams move to make them pay Climate Change Levy (also done in the Budget2015) - bit.ly/1j8khAR - "Like making apple juice pay an alcohol tax" &! Gov says in official statement, this move protects customers from higher energy bills??? - bit.ly/1Kkd8GH
fossil  fuel  renewable  energy  energy  price  energy  policy  energy  security  Russia  austerity  Generationengerechtigkeit  underinvestment  productive  investment  competitive  competitiveness  competitive  advantage  Smart  Grid  carbonfootprint  UK  carbonemission  CO2  air  pollution  George  Osborne  David  Cameron  nasty  party  Tories  Conservative  neoliberalism  neoliberal  general  election  2015  election  campaign  promises  Career  Politicians  dogma  ideology  budget2015  climate  change  global  warming  economic  damage  long-term  view  long-term  thinking  Opportunism  opportunist  short-term  thinking  short-term  view  short-termism  policy  folly  policy  error  industrial  policy  STEM  wind  energy  solar  energy  reframing  Positioning  spin  doctor  PR  framing  subsidies  subsidizing  corporate  welfare  carbon  tax  carbon  trading  scheme  Hinkley  Point  C  nuclear  power  Amber  Rudd 
november 2015 by asterisk2a
HMRC still failing taxpayers, say MPs - BBC News
HMRC's record of 11 prosecutions for offshore tax evasion in the past five years as "woefully inadequate". Despite being handed a list of 3,600 British people who hid money in Switzerland, the tax collectors have prosecuted just one person involved. Instead, the tax collectors have offered reduced penalties to people who come forward with information about money they have hidden overseas, something the committee said was no substitute for the "deterrent effect" of prosecution. It said wealthy people who hide money offshore needed to be dealt with "robustly". The MPs said HMRC had also ignored some of their previous recommendations. [...] 11,000 full-time equivalent posts being cut since 2010. "It has been abundantly clear for years that the department has cut too many staff and that services are suffering," said PCS general secretary Mark Serwotka. "The department needs major investment backed by a real political commitment to tackle tax evasion and avoidance as an alternative to more
tax  evasion  tax  avoidance  white-collar  crime  Gini  coefficient  inequality  austerity  George  Osborne  David  Cameron  nasty  party  lobbyist  lobby  Lobbying  Super  Rich  plutocracy  1%  oligarchy  staff  shortage  fairness  toff  Privileged  Establishment  non-dom  Career  Politicians  No  Representation  social  democracy  democracy  Policy  Makers  revolving  door  dogma  ideology  trickle-down  economics  neoliberalism  neoliberal 
november 2015 by asterisk2a
'I don't think Scunthorpe has a future' - BBC News
[ picking winners, when it suits them and gets them the headlines.. get your voice heared if you are big enough ] The cuts are being blamed by many on the Chinese 'dumping' cheap steel in the UK. But unions and Tata also point to high business rates and taxes, something the government has tried to tackle this week with a refund thought to be worth around £50m to the industry. // corporates continue to loot the state.
corporate  welfare  democracy  austerity  fairness  energy  policy  energy  price  energy  security  UK  Tories  Conservative  Party  David  Cameron  industrial  policy  underinvestment  productive  investment  renewable  energy  Smart  Grid  infrastructure  investment  budget2015  George  Osborne  toff  Privileged  Establishment  dogma  ideology  neoliberalism  neoliberal  vulnerable  Disabled  welfare  state  social  safety  net  child  tax  credit  tax  credit  working  tax  credit  Wall  Street  profit  maximisation  shareholder  value  tax  evasion  tax  avoidance  Greed  lobbyist  lobby  Lobbying  revolving  competitive  competitiveness  Generationengerechtigkeit  recovery  secular  stagnation  Niall  Ferguson  globalization  globalisation  flat  world  borderless  revolving  door  Makers  Opportunism  opportunist  minority  social  contract  Career  Politicians  No  Representation  society  Wertegesellschaft  corporate  scandal  corporate  tax  rate  morality 
october 2015 by asterisk2a
Chancellor urged not to cut vital health fund - BBC News
George "Mr Judgement Call" Osborne // Vital health services in England including stop smoking, obesity and sexual health clinics are at risk, experts are warning. Earlier this year the Chancellor unveiled plans to cut the £2.8bn public health budget by £200m from January. The pot is held by councils so is not covered by the government's promise to protect the health service. But doctors, nurses and other senior health officials say the money is vital to relieving pressure on the wider NHS. A total of 11 groups, including the Academy of Medical Royal Colleges, Royal College of Nursing, NHS Confederation and Faculty of Public Health, have put their names to a letter to George Osborne asking him to reconsider the plans. The letter warned raiding the funds would simply cause greater ill-health and inequality in the population. [...] [PREVENTION>>] [deal with Osborne for 8bn extra a year this Parliament] included making gains from improvements in people's health. [Cut now, pay more later!]
NHS  Public  Services  Social  Services  prevention  George  Osborne  austerity  fairness  sick  population  tobacco  health  care  health  care  budget  health  care  spending  health  crisis  2015  budget2015  health  policy  health  policy  health  inequality  post  code  lottery  Gini  coefficient  nasty  party  Tories  Conservative  dogma  ideology  budget  deficit  tax  evasion  tax  avoidance  Super  Rich  1%  awareness  perception  debate  discourse  chronic  diseases  Standard  American  Diet  Western  pattern  Whole-Food  Plant-Based  Diet  Vegan  Carnism  omnivore  Speciesism  education  policy  lifestyle  intervention  sedentary  lifestyle  lifestyle  medicine  lifestyle  active  lifestyle  obesity  epidemic  obesity  childhood  obesity  pre-diabetic  diabetes  high  blood  pressure  atherosclerosis  heart  disease  non-alcoholic  fatty  liver  disease  coronary  artery  disease  Cardiovascular  disease  vascular  disease  metabolic  syndrome  Disabled  disability  care  interest  Simon  Stevens  Big  Sugar  food  industry  lobbyist  lobby  Lobbying  pharmaceutical  industry  pharma  pharma  medical  profession 
october 2015 by asterisk2a
Tax credits: SNP and Conservative MPs clash over government cuts - YouTube
Natalie McGarry, the SNP's shadow disabilities spokesperson, and Conservative MP Chris Philp, a member of the Treasury Select Committee, debate the government's tax credit cuts.
tax  credit  child  tax  credit  working  tax  credit  Tories  Conservative  Party  nasty  child  poverty  poverty  poverty  trap  food  poverty  dogma  ideology  general  election  2015  election  campaign  promises  welfare  state  corporate  welfare  tax  avoidance  tax  evasion  fairness  crony  capitalism  capitalism  income  distribution  income  redistribution  marginal  propensity  to  consume  austerity  democracy  Career  Politicians  No  Representation  social  contract  SNP  Devolution  bedroom  tax  class  warfare  low  pay  job  creation  skills  gap  Gini  coefficient  income  mobility  social  mobility  social  safety  net  Westminster  education  policy  post  code  lottery  deprivation  Perspective  Perspektivlosigkeit  recovery  job  market  labour  market  labour  economics  Service  Sector  Jobs  Niedriglohnsektor  precarious  work  Precariat  general  election  2020  working  poor  secular  stagnation  wage  stagnation  wage  growth  minimum  wage  income  growth  low  income  Sozialer  Abstieg  kalte  Progression  coldprogression  2015  productivity  output  gap  George  Osborne  David  Cameron  DWP  vulnerable  Disabled  NHS  Police  Services  Public  Services  GFC  bank  bailout  budget  deficit  corporate  tax  rate  subsidies  subsidizing  short-term  constituency 
october 2015 by asterisk2a
Food banks have become a lifeline for many, but where is the way out? | Patrick Butler | Society | The Guardian
Back in September 2012, however, when Bestwood and Bulwell food bank opened, Webster did not expect to be hugely busy, confidently believing it could be “run out of a cupboard”. What happened next was terrifying: the initial trickle of referrals turned into a flood, triggered by what Webster calls “downright poverty”. After a year, volunteers were “on their knees” (though they are on their feet again now, he adds), battered not only by the sheer weight of demand, but by the shocking specificity of the deprivation and injustice they encountered: the food bank client who was sanctioned by the jobcentre (had her benefits stopped) for not attending a job search interview even though she told them she was in hospital having chemotherapy; a woman client who asked if the food bank gave out tampons; she had no money and had been forced to use newspaper instead. It troubles him that so much of their work is, on the face of it, due to avoidable failures in state provision, ...
Food  Bank  poverty  child  abuse  childhood  obesity  obesity  epidemic  obesity  health  crisis  sick  population  public  health  consumer  choice  mental  health  mental  illness  Depression  deprivation  DWP  housing  benefit  benefits  sanctions  JSA  ESA  poverty  poverty  in  old  age  child  poverty  poverty  trap  Iain  Duncan  Smith  nasty  party  fairness  austerity  Services  Social  Services  working  poor  Precariat  precarious  work  homeless  homelessness  UK  bailout  Generationengerechtigkeit  tax  evasion  tax  avoidance  job  security  labour  market  crony  capitalism  capitalism  dogma  ideology  Tories  Conservative  George  Osborne  David  Cameron  Wall  Street  shared  economic  interest  shareholder  value  profit  maximisation  corporate  welfare  subsidies  subsidizing  tax  credit  child  tax  credit  working  tax  credit  Gini  coefficient  inequality  post  code  lottery  income  mobility  mobility  downward  mobility  safety  net  welfare  state  NHS 
october 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
Doctors, teachers, the police – public servants are demoralised | Will Hutton | Comment is free | The Guardian
To toil in the present-day NHS is thankless. [...] Whatever its merits, a workforce whose morale is already low sees it as yet more evidence that professionals’ views don’t count. Morale takes a further downward lurch. [...] Thus by 2020, the government will have imposed an unprecedented 10-year freeze in real pay across the public sector, shrunk its numbers by more than 1.5 million and offered as little upward career progression to public employees as it possibly can. A new industry of private contractors feeding off contracted-out public work will have been invented, offering even worse pay and conditions than the public sector itself. To raise taxes that might alleviate the crisis is ideologically prohibited. [...] Employees are voting with their feet. Between November 2013 and November 2014, 49,120 teachers quit – the highest rate on record. Nearly four in 10 newly qualified teachers leave after their first year. [...] [ Met warned less police officers on street ]
austerity  NHS  Public  Services  Social  Services  elderly  care  education  policy  post  code  lottery  neoliberalism  neoliberal  Privatisation  safety  net  welfare  state  Wertegesellschaft  society  Tories  nasty  party  Conservative  Toff  Privileged  Establishment  Entitlement  dogma  ideology  inequality  Gini  coefficient  mobility  income  mobility  poverty  child  poverty  poverty  trap  working  poor  Precariat  Police  fairness  Generationengerechtigkeit  tax  evasion  tax  avoidance  corporate  scandal  deprivation  Perspektivlosigkeit  corporate  welfare  Wall  Street  shareholder  value  profit  maximisation  budget  deficit  Rechtsruck  No  Representation  Career  Politicians  democracy  bank  bailout  recovery  GFC  trickle-down  economics  corporate  tax  rate  trust  community  contract  political  theory  babyboomers  Millennials  generationy  generation  rent  Polarisation  corporate  state  corporate  media  Manufacturing  service  sector  Bernie  Sanders  lobbyist  lobby  Lobbying  vested  interest  interest  groups  Jeremy  Corbyn  Labour  general  election  2020  George  Osborne 
october 2015 by asterisk2a
Tory MPs in 71 marginal seats at risk from cuts to tax credits | Politics | The Guardian
George Osborne has come under fresh pressure to halt controversial cuts to tax credits as new research shows that 71 Tory MPs in marginal seats could be vulnerable to a backlash from families hit by dramatic falls in their incomes. The impact of the cuts, which will leave 3.2 million families worse off by an average of £1,300 a year from next April, is already causing concern among Conservative MPs and ministers, who believe they will punish precisely the kind of working families David Cameron claims to represent. [...] The House of Commons library has found that some families could lose up to £3,000 a year if the tax credit cuts are not reversed. // &! bit.ly/1RPnKjW - With six million people not earning enough to cover the basic cost of living, tackling in-work poverty is crucial,
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october 2015 by asterisk2a
SNP conference: John Swinney to give Scottish councils business rate powers - BBC News
[ so who is actually going to pay tax? to repair roads, winder service, replace street lights, clean the city, police, NHS, ... to fund councils budgets that are already deep in the red and are cut further over the next 5 years. Public libraries, pools, social care, etc etc. dismantling britian. framing it as job creator. as if tax cuts create demand! lol. its a race to the bottom. ] Colin Borland, the Federation of Small Businesses' (FSB) head of external affairs in Scotland, said it was good news that cutting the cost of doing business was "at the heart of the deputy first minister's message". He said: "If used appropriately, these powers could give local economies a welcome boost and it will be interesting to see how many hard-pressed councils will be able to take advantage of them." UK Chancellor George Osborne has promised local authorities in England more flexibility over business rates by 2020.
corporate  tax  rate  neoliberalism  neoliberal  Devolution  George  Osborne  SNP  Scotland  England  Wales  Northern  Ireland  corporate  welfare  subsidies  subsidizing  austerity  Public  Services  Social  Services  budget2015  budget  deficit  elderly  care  Big  Society  deprivation  community  Wall  Street  profit  maximisation  shareholder  value  trickle-down  economics  economic  history  UK  fiscal  policy  monetary  policy  Richard  Koo  debtoverhang  household  debt  private  debt  consumer  debt  tax  code  tax  free  income  aggregate  demand  Supply  and  and  Supply  credit  card  debt  credit  card  mortgage  market  Super  Cycle  debt  servitude  PR  spin  doctor  Positioning  Tories  Conservative  Party  dogma  ideology  nasty  reframing  framing  academia  academics  Niall  Ferguson  secular  stagnation  western  world  fairness  GFC  Generationengerechtigkeit  babyboomers  constituency  vested  interest  interest  groups  lobbyist  lobby  Lobbying  Makers 
october 2015 by asterisk2a
MPs approve Osborne's spending rules after heated Commons debate - BBC News
MPs have backed the government's new spending rules by 320 to 258 votes after a heated debate in the Commons. [...] He accused Labour of being "profligate" and wanting "to spend money we don't have and borrow for ever". >> bank bailout profligate?
Schuldenbremse  austerity  Fiscal  Pact  dogma  ideology  UK  European  Union  Wolfgang  Schäuble  Angela  Merkel  Germany  George  Osborne  David  Cameron  recovery  Tories  Conservative  Party  Policy  Makers  constituency  fairness  Generationengerechtigkeit  bank  bailout  budget  deficit  No  Representation  Career  Politicians  trickle-down  economics  neoliberalism  neoliberal  economic  history  infrastructure  investment  underinvestment  globalization  globalisation  competitiveness  competitive  crony  capitalism  corporate  scandal  accounting  scandal  capitalism  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  subsidies  subsidizing  welfare  state  social  safety  net  Gini  coefficient  inequality  income  mobility  social  mobility  Labour  Party  Polarisation  Positioning  corporate  media  corporate  state  democracy  populism  Establishment  Entitlement  Privileged  Toff  Westminster  accountability  self-regulation  regulation  deregulation  regulators  transparency  oversight  Freedom  of  Information  Act  FOI  Lügenpresse  GFC  spin  doctor  PR 
october 2015 by asterisk2a
Ben Bernanke urges punishment of individual bankers - BBC News
>> Privatisation where and when it is needed. No, only if it suits their ideology and agenda. // regulatory failure. - youtu.be/Yx1P5Wz2iX4 - Ben Bernanke, John Mack Reflect on 2008 Financial Crisis >> NINJA Loan, homeownership, subprime, ... //&! Ben Bernanke on Lehman Crisis: "We Agreed to Be Vague" (Oct. 6, 2015) | Charlie Rose - youtu.be/EYGbtxzIkvw - 'lehman brothers was a sink hole. money put in from gov in a saving attempt would have resulted in being pulled out by its counterparties and creditors. and had not enough collateral and assets.'
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october 2015 by asterisk2a
More jobs paying below living wage - BBC News
'Prevalent' low pay The ONS figures show that the proportion of jobs paying below the living wage has grown. In 2014, young adults were most likely to be paid less than the living wage. Some 58% of jobs carried out by 18 to 24-year-olds outside of London and 48% of jobs in this age group in London were paid less than the living wage. In accommodation and food services in 2014, an estimated 65% of jobs paid less than the living wage in London and 70% in the rest of the UK. Northern Ireland had 29% of jobs paying below the living wage, the highest in the country. At the other end of the scale, 19% of jobs in the South East of England, London and Scotland paid below the living wage. [...] "These figures demonstrate that while the economy may be recovering as a whole, there is a real problem with ensuring everyone benefits, and low pay in still prevalent in Britain today."
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october 2015 by asterisk2a
More maternity units closing doors, union warns - BBC News
The Royal College of Midwives (RCM) said a shortage of midwives was having a major impact and mistakes would "almost certainly be made". Some 42% of units shut down temporarily in the past year, its survey found. The government said it was determined to ensure "every mother and baby gets the highest quality care". A poll of 83 heads of midwifery at NHS trusts found there had been a rise in the number of units that had closed their doors, with 33% having closed the previous year. The RCM said budget cuts were also affecting services, with midwives struggling to cope with a rising birth rate and increasingly complex births. [...] But he added that rising numbers of complex pregnancies were also putting pressure on other UK countries. [...] The RCM says there is a shortage of 2,600 full-time midwives. 'Stretched and understaffed'
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october 2015 by asterisk2a
Scale of NHS deficits to be revealed - BBC News
"we are looking at a systematic problem across the health service." locum staff & sending patients 4 ops 2 private places paid by NHS 2 clear rising waiting lists (RISING DEMAND) & meet Targets. Bed blocking bc severe shortage of elderly care done by austerity. Ageing & premature ageing population & rise of chronic diseases (& thus other comorbidity things that are a result of chronic diseases:joint pains back pains heart problems mobility problems swollen legs bc bodies lymph system gives up skin problems infections care etc complex needs arise - bc they treat symptoms. not the problem, the root of all evil). NHS cant treat a sick population with the status quo it has been handed down by Tories policy. Tories like 2 remove benefits from parents of truants, disabled, vulnerable (to make their lives better). BUT Big Sugar & Processed Food? No nanny state there. Socially unacceptable. Unpopular amongst majority. Career Politicians unequal real reformer/visionary. &! bit.ly/1OpQXBS
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october 2015 by asterisk2a
UK interest rates held at 0.5% after 8-1 Bank vote - BBC News
The central bank said cost pressures in the UK's labour market were rising too slowly for inflation to return to the Bank's 2% target, and that inflation would stay below 1% until spring 2016. Inflation has been hovering around 0% for the past few months, but the Bank had indicated that robust domestic growth and the fading effect of last year's big oil price falls would cause it to bounce back towards 2% next year. Although UK consumer spending had remained resilient, bolstered by wage growth, attempts to reduce the UK budget deficit had restrained activity and global growth had been below average.
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october 2015 by asterisk2a
Tory conference: New GP contract for seven-day service - BBC News
The Royal College of GPs has warned a recruitment crisis was making plans for seven-day working "unrealistic". Mr Cameron's comments came as the government denied pressuring officials behind the scenes to delay the publication of figures which show the financial performance of the NHS. A report in the Observer claimed officials at Monitor and another NHS regulator were leaned on to delay financial and other performance figures such as treatment waiting times in order to avoid embarrassment at the Conservative conference, which is taking place this week. Health officials have said the data will be published shortly. On the BBC's Andrew Marr Show, Mr Cameron insisted a seven-day-a-week NHS was "a really exciting prospect".
NHS  austerity  Tories  Conservative  Party  Toff  Privileged  Establishment  GP  health  care  budget  health  care  spending  health  crisis  sick  population  public  health  policy  public  health  chronic  diseases  ageing  population  premature  ageing  demographic  bubble  constituency  election  campaign  promises  general  election  2015  UK  Career  Politicians  Jeremy  Hunt  No  Representation  neoliberalism  neoliberal  dogma  ideology  fairness  Generationengerechtigkeit  babyboomers  George  Osborne  David  Cameron  PR  reframing  framing  spin  doctor 
october 2015 by asterisk2a
Deal over junior doctors' contracts was torn up, reveals ex-health minister | Society | The Guardian
Tory MP Dan Poulter says government reneged on an initial agreement last year, replacing it with terms that have triggered ‘understandable’ anger [...] He accuses Hunt of changing tack because the NHS is desperate to identify ways of saving money to help tackle a£30bn hole in its budget that is expected to emerge by 2020. And he warns that cutting junior doctors’ pay – many face losing between 15% and 40% of their earnings under the new contract – will undermine David Cameron’s ambition to create a seven-day NHS because there will be too few doctors to staff it as a result of disillusionment. // &! Cutting the pay and worsening working conditions will not attract new doctors to hard-to-recruit specialisms such as A&E. But more than that, it could compromise patient care - bit.ly/1OdN176
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october 2015 by asterisk2a
NHS doctors: the flogged and the furious | Sophia Teoh | Science | The Guardian
As someone within the profession who is directly affected, I can reveal many reasons why the proposed NHS junior doctor contracts are enraging medics [...] Aneurin Bevan, the founder of the NHS, once said: “The NHS will last as long as there are folk left with the faith to fight for it”. We are those folk. We have that faith. We will fight for our NHS.
NHS  austerity  Privatisation  Tories  Jeremy  Hunt  Conservative  Party  George  Osborne  David  Cameron  dogma  ideology  neoliberalism  neoliberal  post  code  lottery  Gini  coefficient  inequality 
october 2015 by asterisk2a
The NHS is on a one-way road to privatisation | Healthcare Professionals Network | The Guardian
[ 'founder' of NHS said NHS exists as long as people fight for it. true north ] [ rationing and creating Cinderella service ] The British public has not agreed to the destruction of the health service. It’s up to all of us to fight for it. [...] This translates into unlimited rationing. We are already seeing the rationing of hearing aids and cataracts. Devon CCG announced that all routine surgery would be restricted for obese patients and smokers. And routine shoulder surgery would be restricted for all patients. [...] Simon Stevens’ Five Year Forward View asked the government for an extra £8bn each year but the flip side of this is a further £22bn in efficiency savings. Never has the NHS undergone such a funding squeeze since its inception. Yet we spend significantly less on the NHS than the EU average and well below the likes of France, Germany and the Netherlands. Out of the G7, only Italy has the same level of spending.
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october 2015 by asterisk2a
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