Category Archives: Economy
Your chilling, but hardly surprising, front-page revelation that one in four Europeans vote populist was long on excellent analysis, but lacked any solutions. Reversing this trend and its fallout, including Brexit, will require tackling the reasons for its rise:
- widespread concerns about inadequately controlled migration
- and the economic insecurity now rife among both the employed and unemployed.
Tackling the latter will require spelling out a “project hope” agenda which reverses austerity and instead invests in the rebuilding of Europe’s social infrastructure, while also funding a massive green infrastructure programme for transforming the energy, energy-saving and transport systems continent-wide.
Europeans should take inspiration from the US, where progressive new congresswomen and men are now pushing the Democrats into adopting just such a “Green New Deal”.
They realise that a “jobs in every part of the country” programme is central to defeating Trump.
Here, Jeremy Corbyn could play a central role by capitalising on the present parliamentary chaos and asserting that Labour supports a people’s vote, but with the “remain and reform” agenda for Europe, similar to that he “campaigned” for in the run up to the referendum.
Putting rebuilding local economies at the heart of such reform would gain support from leave-voting areas and could be a rallying call for those fighting rightwing populism across Europe. It could also have the domestic payoff of forming the core of Labour’s next and hopefully successful election manifesto, whenever required.
Message received on Mon, 12 November: David Bailey presented Economics for the Many (link to slides) at an interesting event at the WM Labour Party regional office. Over a hundred people came and there was a great discussion.
Professor of Industrial Strategy
Aston Business School
The Aston Triangle, Birmingham, B4 7ET, UK.
tel: +44 (0)7981 925713 or +44 (0)121 204 5262
David’s Blog: http://www.birminghampost.co.uk/authors/david-bailey/
2nd August: already has over 55,000 ‘views’; go to https://twitter.com/jeremycorbyn
Ten slides, ends:
Kevin Pringle, former strategic communications director for the SNP, opens his latest Times article:
“Here are words I never thought I’d write: Jeremy Corbyn could save the country. But only if he wants to.
“Brexit is an Anglo-Saxon farce, revealing a depth of incompetence, division and utter lack of preparedness on the part of the UK government that has plumbed even my low expectations. The antics of Boris Johnson, Jacob Rees-Mogg and David Davis are about as funny as a Carry On film long after the franchise went stale. The issues at stake are too serious”.
Pringle continues with a summary of recent cabinet discussions and warnings from big business of the risks of relocation, withdrawal of investment and job losses.
He describes the prospect of Britain’s alignment to EU regulations in some sectors as a ludicrous mishmash that should be unacceptable to remainers and leavers alike – a ‘dud destination’, adding:
“Corbyn needs to take a long view of the country’s best interests and act accordingly. He should commit Labour to backing a fresh referendum so that people have an opportunity to exit Brexit when its final form is known. In these circumstances, the SNP would come on board alongside the Lib Dems and others. Such a bold move could attract the relatively small number of Tory MPs needed to deliver a House of Commons majority for a people’s vote.
“I’m no fan of Labour but I recognise that in times of need it has been the agent of Britain’s deliverance.
“One of the best-ever Commons speeches was by Michael Foot at the end of the no-confidence debate in March 1979, which the Labour government lost by a single vote. Foot argued that Labour had “come to the rescue of the country” on at least two occasions: “It is in the most difficult and painful moments of our history sometimes that this country of ours has turned to the Labour Party for salvation, and they’ve never turned in vain so far. We saved the country in 1940; we saved the country again in 1945.”
“He was right.
“It was Labour that forced a vote in the House of Commons in May 1940 after the debate on the military fiasco of the Norway campaign. The result precipitated the fall of Chamberlain as prime minister, and creation of the wartime coalition under Churchill’s leadership that was an essential element of victory.
“And in 1945, Clement Attlee’s Labour Party had the ideas and determination to rebuild an exhausted Britain, including creating the NHS 70 years ago.
“This is another historic moment, and once again only a decisive Labour intervention can set the country right”.
Sienna Rodgers writes about the new amendment Labour has tabled to the Taxation (Cross-border Trade) Bill and Trade Bill, and as an amendment ‘in lieu’ of the European Economic Area amendment passed by the Lords, calling for “full access” to the EU’s internal market.
Tabled as a new clause Labour’s proposal would make “full access” to the single market a negotiating objective of the government.
It is not a change of direction but a clarification of Jeremy Corbyn’s Coventry University speech (February). In this he revealed that the party would back membership of a customs union. He also said: “Labour would negotiate a new and strong relationship with the single market that includes full tariff-free access and a floor under existing rights, standards and protections.”
Labour’s amendments specify:
- full access to the EU single market,
- common minimum standards, rights and protections,
- shared institutions with the EU
- and no new impediments to trade.
The Labour leadership maintains that joining the European Economic Area (EEA) – advocated by some Labour MPs – would make the UK a ‘rule-taker not a rule-maker’. These new amendments are designed to replace the EEA amendment passed by the Lords and the Labour leadership will whip MPs to abstain when it comes to the Commons on Tuesday.
Keir Starmer, the Shadow Secretary of State for Exiting the European Union, called Labour’s new amendment “a very strong and significant statement of policy” and said it was “essentially tying together the single market and customs union as a strong economic package, which I think will be welcomed by businesses and trade unions”.
The full text may be read here. Some points made follow:
Twenty years ago, this week, the people of Northern Ireland and of the Republic of Ireland voted in a referendum to accept the terms of the Good Friday Agreement. That vote changed the course of history on this island and represented the clearing of the final hurdle of a long and difficult process that opened the door to two decades of sustained peace.
Many young people across Northern Ireland, the Republic of Ireland and Great Britain do not remember a time when the bloody hand of conflict held a grip on our respective lands. Communities from Derry to Omagh to Warrington were afflicted by the plague of violence for a generation, leaving deep and long-lasting scars for all those who lived through those troubled times.
All too often in that period, the willingness to use force and reach for weapons instead of dialogue and diplomacy inflicted unnecessary suffering on innocent people.
So as we rightly celebrate the anniversary of the end to those years of violence, it’s important we remember the effort and determination it took on all sides to get where we are today.
I stand here as leader of the British Labour Party, a party that is proud of the part it played in helping to bring peace and stability to this region. Something many believed could never be achieved.
The transformation we have seen in Belfast alone since 1998 is remarkable. I visited this city long before today’s peace became a reality and have witnessed the very visible and cultural transformation that has taken place here.
After paying tribute to Martin McGuinness and Gerry Adams, men who led the Republican movement from conflict to negotiation and diplomacy, arts they both mastered in the cause of peace, Corbyn added: “I can’t think of a greater sign of the progress made over the last two decades, when at Martin’s funeral last year, not only were there people in attendance from republican and nationalist communities, but also representatives of the loyalist and unionist side, including First Minister Arlene Foster. It is also right to recognise the work of the British and Irish government leaders of the time, whose determination made the impossible possible. For that, both Bertie Ahern and Tony Blair should both be given credit for their work.”
He also extolled the work of Mo Mowlam in negotiating the peace process, continuing: “I have always believed that to bring about real change, to end conflict, to bring communities together, you have to talk to people with whom you don’t agree. In 1998 we were fortunate to have leaders who were prepared to put that principle into practice . . .
“It was essential we recognised the traditions of each community and recognised and respected the identity of people on either side of the divide. This was and still is important for strong and healthy long-term relationships here, across communities and across borders. Perhaps where the agreement was at it boldest was in its radical reform of Northern Ireland’s political and institutional structures, as well as in creating a framework for North-South relations, and the relationship between Britain and the Republic of Ireland. That gave all parties a basis to find a route out of a generation of conflict together.
“For all the current problems and deadlock, there can be no doubt that devolution and power-sharing have given every community a voice and helped maintain the peace process.
He added that the move to establish the Northern Ireland Victims Commission helped both to promote reconciliation and preserve the memory of victims, bringing a new beginning and laying the ground for the vital work of decommissioning of arms and the removal of military infrastructure.
Looking at Stormont’s achievements, Corbyn noted that it had resisted many of the worst aspects of the government’s punitive social security policies using the powers provided by devolution.
His message to the people of this island: “Labour is as committed to the Good Friday Agreement as we have ever been. It has served us well for twenty years and, with commitment and determination, will provide us with the framework for the next 20. And with that in mind I want to make a plea to all parties and all sides. We must do all we can to make power sharing work again in Stormont. We need all sides to come together and make devolution work again. That means tough choices. It means compromise and give and take. But we owe it to the people of these islands not to allow political disagreements to open the way for any return to the grim days of the past”.
Stormont must be an example throughout the world of how dialogue, negotiation and diplomacy can defeat conflict. Now let’s show we can continue to build on that peace through democracy.
He called on the UK government to reconvene the British-Irish Intergovernmental Conference if the current stalemate in Stormont cannot be sorted out in Belfast and to find a creative solution in the spirit of the Good Friday Agreement that avoids a return to direct Westminster rule, and lays the ground for further progress for all communities.
Peace can and must be extended through real social and economic advances for all communities, with the state at regional and national level prepared to act to bring about a full-scale upgrade of the economy.
A Labour government in Westminster would make sure that Northern Ireland has more money to invest in its people and its public services, though many economic decisions for Northern Ireland would rightly be decided in Stormont,
He gave a commitment to supporting manufacturing in Northern Ireland and to reverse the decision to put the £1 billion contract to build the Royal Fleet Auxiliary ships out to international tender, in order to keep jobs and prosperity in Britain’s shipyards and benefit Belfast. Northern Ireland can have a high tech, high skilled and exciting future.
Brexit, and the future relationship between the United Kingdom and the Republic of Ireland must be discussed, in particular the securing of future prosperity and peace on these islands:
“Labour will not support any Brexit deal that includes the return of a hard border to this island . . . By negotiating a new and comprehensive customs union with the EU, which includes a British say in future trade deals, we can ensure trade on this island stays frictionless and free flowing and prevent communities being divided . . . Opposition to the idea of bringing back a hard border to this land isn’t just about avoiding paperwork or tariffs, important though that is. It’s about deep rooted cultural and community ties. An open border is a symbol of peace, two communities living and working together after years of conflict, communities who no longer feel that their traditions are under threat”.
He emphasised that, as we leave the European Union, it is essential to ensure our manufacturers have access to markets and on-time supply chains and the communities of Northern Ireland continue to have access to vital funding for energy, research, agriculture and cultural projects.
Powers returned from Brussels to intervene, upgrade and reshape our economy for the 21st century may be used to deliver real social and economic advances for all our communities.
I’m proud to be here in Belfast as leader of the Labour party, a party with a strong record in helping to deliver peace and greater prosperity. I hope to use this visit to talk to people from different communities and listen to their concerns and hopes for the future. We are here to celebrate twenty years of peace, twenty years as an example to the rest of the world of how communities can turn conflict into co-operation.
Let’s work together in the spirit of friendship, co-operation and hope for another twenty and beyond.
Who is to blame for Labour’s current problems? Not Jeremy Corbyn, but selfish, self-indulgent right-wing New Labour MPs refusing to do their handsomely paid jobs and continually undermining him – fuelling the flagrant press and TV who are biassed against him, serving a privileged Establishment terrified at the prospect of a Corbyn victory putting an end to their greedy, tax-evading ways.
Blair and right-wing Labour MPs ‘took over’ the party’ in the 1990s, eventually rendering it indistinguishable from the Tories. Labour lost five million core voters – a major reason for the 2010 and 2015 defeats.
Corbyn in York, May 2017
Many are now returning to Labour as they see Corbyn bringing Labour back to the Party’s original values, in a forward-looking way. Corbyn has attracted at least 350,000 new members, which at approaching 600,000 makes Labour Europe’s largest political party.
He has inspired many people, young and old – people with no previous interest in politics, to whom he relates, unlike previous Labour leaders. All are far more likely to vote for a Corbyn-led party.
Non-voters, mostly the poorest in our society, felt the previous Labour Party would be of no help to them. Corbyn is determined that everyone should have a better life.
In Corbyn’s first nine months as leader, Labour provided strong and effective opposition, forcing numerous embarrassing U-turns, defeating the Tories at least 22 times and preventing some of their worst excesses.
A Corbyn-led Labour Party represents ordinary people, ‘the many’, the 99% and won’t give tax breaks to multi-millionaires whilst children go hungry and ever-more working people have to resort to food banks.
Wanda urges all to get behind him with all the support we can muster, to help this good man deliver his vision for a better, kinder, fairer and more equal society, where everyone has the opportunity to thrive.
Jeremy Corbyn spoke at Labour’s conference in Llandudno on 22nd April and received a huge standing ovation, in spite of the relentless media efforts to portray him negatively while often ignoring or even covering up the disarray on the government’s front benches.
A transcript is not available but his 2017 speech is well worth revisiting: http://jeremycorbyn.org.uk/articles/jeremy-corbyns-speech-to-the-welsh-labour-conference/
What Labour in Wales has achieved:
A health service free from unnecessary top-down reorganisations and privatisation where your hospitals are not struggling with record deficits due to the legacy of PFI. The NHS in Wales is treating more people than ever before and 90% say they received good treatment
- Free prescriptions for all
- A new treatment fund setup for life threatening illnesses
- On cancer waiting times, Wales is doing better than England and cancer survival rates in Wales are improving faster than anywhere in Britain
- You’ve protected the social care budget which has been slashed in England
- and there are good industrial relations in Wales: no strikes provoked and no operations cancelled unnecessarily
We strongly support the doctors who don’t want patient safety to be put at risk. Last week I had the privilege of spending a couple of hours with a group of junior doctors. Let’s be clear, they are not “junior” they are dedicated, highly qualified people on whom we all depend. They are alarmed at the direction the NHS is taking.
As a parting gift they gave me this book “How to dismantle the NHS in 10 easy steps” which starts with an internal market and ends with an aim of introducing universal private health insurance.
As Nye Bevan said: “Illness is a misfortune, the cost of which should be shared by the community”.
In Wales you have built an education system that has just delivered the best ever GCSE results
- new schools are being built
- primary school pupils get a free breakfast
- the poorest college students still get the education maintenance allowance (EMA)
- And where Welsh students aren’t shackled by mountainous debt and where grants are being maintained.
English students leave university with an average £22,000 more in debt than Welsh students; that is a shocking burden that shackles young people as they start in life. It is no surprise that home ownership has collapsed.
Jobs Growth Wales has helped 15,000 young people into work
- The Young Entrepreneurs Bursary has helped young people to setup over 400 businesses in Wales and your plans to deliver 100,000 quality apprenticeships.
- the Bay Campus at Swansea is already reaping the benefits of high tech jobs in the area.
The Institute for Fiscal Studies says that tax and benefit changes in the last five years have left the average Welsh household £560 a year worse off.
Tax cuts for the few, the super-rich and big business public service cuts and welfare cuts for the many. We have gratuitous inequality in this country the average pay of the top chief executives compared with the average worker has risen from 47 times in 1998 to 183 times last year.
For too many people in the UK who aren’t the super-rich elite and there are quite a few of them, life is wracked by insecurity, at work and at home, Labour believes that we only succeed if we all succeed together.
The impact of this insecurity on people’s lives can be huge, it affects people’s physical and mental health.
The Tories have failed to invest in modernising the economy, we are way behind other countries on our digital infrastructure, our transport, our energy system and our housing.
70 Labour councils have committed to eliminate all carbon emissions by 2050 – including major cities like Edinburgh, Manchester, Newcastle, and Liverpool and here in Wales in Swansea, Torfaen and Caerphilly. And Labour in Wales has set out a clear energy policy, Energy Wales: A Low Carbon Transition and is supporting decentralised energy production through the Local Energy Service.
The Conservative government continues to fail to invest in renewable energy cut subsidies for the nascent solar industry but increased them for fracking and for diesel generators.
If our investment in flood defences had been continued, retaining the senior staff employed to make decisions in these emergencies and protecting the emergency services who responded to save lives and homes during those difficult days and weeks, we would not have seen the level of destruction and flood damage that caused such anguish to so many people as their homes were damaged and their belongings ruined.
Transport infrastructure is absolutely crucial to industrial development and growth. I praise the Welsh government in its support in re-opening and improving valley railway lines, the plans for the improved metro links in the south west of Wales and the crucial need to improve the North Wales line and road links.
We have already challenged the government and won on many important issues:
- We forced them to take a U-turn on cuts to working tax credits meaning 3 million families will no longer be hit this April with a £1,000 cut to their family income
- We made them backtrack on plans to further cut police numbers in their Autumn statement
- And we stood against the horrendous proposal that the UK would run Saudi Arabia’s prison system for them
Our party is one of social justice every child deserves a good education every student the option to study at college or university everyone deserves a decent and secure home to live in nobody should ever be left destitute the grotesque levels of inequality are unjustifiable and must go.
We are living through an era of the most grotesque deepening inequality in Britain and the West. The cynics say that inevitably the next generation will be worse of that this, I say this is not inevitable and not necessary as socialist our duty is to expand the wealth but crucially to share it so the next generation is better off than this one, and our grandchildren will be better off than our children.
Today, at the Manufacturing Organisation EEF’s conference, in the questions session following his well-received address, Jeremy Corbyn broke silence on the claim by the Sun and the Daily Mail that he had been collaborating with a Czech spy – which had been debunked yesterday in a BBC interview with a Czech intelligence archivist.
He responded to a lamely delivered question from a Daily Mail representative and was warmly applauded by the audience. A video clip on the Skwawkbox site is well worth seeing.
Appreciation also to inews who gives the speech in full here
It has been placed with Mr Corbyn’s other addresses on this website.
Did it provoke the multi-pronged attack the next day in The Times?