CITY A.M. | October 27, 2017
Money doesn’t grow on trees – but it doesn’t come from the government either (Source: Getty)
The majority of Britain’s politicians don’t know where money comes from, despite being tasked with deciding how much of it ends up being spent, according to a poll of MPs published today.
Only 15 per cent of MPs surveyed answered correctly when asked a true/false question on whether banks create money when they make loans.
Almost two-thirds of the 50 MPs surveyed by Dods for campaign group Positive Money wrongly thought banks can’t create money, while a quarter admitted they didn’t know.
Read More »
A Morning Star Editorial | June 18, 2017
JEREMY CORBYN’S determination to see victims of the corporate manslaughter at Grenfell Tower properly rehoused is a contrast to the total absence of leadership shown both by the government and Kensington & Chelsea Council.
Even in the face of the appalling human tragedy of last week, and despite Conservative MPs now lining up to condemn their Prime Minister’s cowardly response to the disaster, residents are still being let down.
Desperate women and men trying to find information on missing relatives have complained of a glaring absence of information, without local authorities taking responsibility to assist people or explain who to apply to for information. Rumours of lists of people who died compiled by doctors spread through the community without being verifiable. Read More »
In 2016, 11% of the UK labour market was non-UK nationals
The number of working-age foreign-born people in the UK increased in 2015
A Journal of People report
Britain is facing a severe skills shortage as poor education at schools followed by weak training for adults has left young workers struggling to meet basic standards for reading and maths.
A report by The Telegraph said:
“Almost every other developed country has had more success in building a skilled workforce, leaving the UK economy at risk of falling behind, according to the Chartered Institute for Personnel and Development (CIPD)Read More »
FREE school meals for every primary school child would be a godsend to millions of families across the country.
Labour is absolutely right to be championing such a policy — and right too in proposing to pay for it by slapping VAT on private school fees.
This immediately gives the lie to Theresa May’s tired riposte that Labour, as usual, was planning to “bankrupt Britain.”
The value of the school meals initiative launched by Jeremy Corbyn and shadow education secretary Angela Rayner in Lancashire goes beyond the cost of a kid’s lunch because it strikes at the heart of the austerity myth the Tories — with willing accomplices in the monopoly media — have been trying to dupe us with for seven years.Read More »
LABOUR hit out yesterday at an “out of touch” Budget that shows the government is “not on the side of the workers” since Chancellor Philip Hammond’s spending plans fail to address poverty pay and falling living standards.
Jeremy Corbyn accused the government of failing to understand what daily life is like for millions of people and the “crisis” in Britain’s public services. He said Mr Hammond was “entirely out of touch with the reality of life for millions.”
The Labour leader continued: “Last night, over 4,000 people will have slept rough on the streets of this country.Read More »
by John Ellison
OFF the front pages in the more serious newspapers, and off and on since the beginning of the year, we have been given a series of signals that another financial catastrophe may be not far away.
An expected downturn in Britain’s economy — and for Britain’s people — according to the Observer’s business editorial on January 1, was staved off last year.
Though 2016 began with a rout on world markets, it closed with US and British stock markets touching record highs.Read More »
A Journal of People report
Millions of British families are on the brink of poverty. Rising prices and stagnating incomes have pushed them to the brink. A report from a leading UK think-tank has cited the fact.
Included in the 19 million families on the brink are six million children – 45 percent of the total in the UK.
The report warned that up to 11 million of those families will actually fall into poverty by 2020, when the cost of living is expected to be 10 percent higher, far outstripping estimated wage increases.
According to the Joseph Rowntree Foundation (JRF), between 2014 and 2015 up to 19 million people were living below the Minimum Living Standard (MLS) – up by four million since the financial crisis back in 2008. Read More »