“The savage rules of the almighty Market have created the conditions that are speeding us to destruction”: Paul Halas
Paul Halas: “As we approach the 2020s there’s a growing awareness that we need change and we need change now. Running the country according to the savage rules of the almighty Market has created the conditions that are speeding us to destruction”.
In the Western Daily Press (26th April) Paul describes the Conservatives’ genius in persuading millions of long-suffering voters that the national economy operates like a household, so in order for the nation to “live within its means” we all have to tighten our belts.
But this concept – invented by Margaret Thatcher’s think tanks – was directed only at the 99% who always “suffer the destructive effects of austerity” as Halas points out.
The cuts to health, education, transport, disability benefits and other sectors go un-noticed by the I% who can afford to opt out of these systems – symbolised here by one of her ministers.
The household economics concept, Halas continues, ”echoed by every administration since . . . (is) easy to understand yet utterly meretricious”.
He refers us to sources such as the Office for Budget Responsibility, so the writer obediently found the latest report, which certainly did not confirm “the impression that everything in the garden is rosy”. Tax receipts have risen, but there is no indication that “lashings of money are flowing into the Treasury” as had been stated in the same column on 23rd April.
OBR: damned with faint praise?
- The economy ended 2018 growing a little less strongly than we expected in October. In recent weeks survey indicators of current activity have weakened materially, in part reflecting heightened uncertainty related to Brexit.
- The Government’s stated ‘fiscal objective’ is to balance the budget by 2025-26 and past forecast performance suggests that it now has a 40% chance of doing so by the end of our forecast in 2023-24.
- One risk to the public finance metrics that we do expect to crystallise over the coming months is an improvement in the accounting treatment of student loans . . . we estimate that it could increase the structural budget deficit by around £12 billion or 0.5 per cent of GDP in 2020-21.
- Net trade and private investment were markedly weaker than expected, weighed down by a slowing global economy and Brexit-related uncertainty. Business investment has fallen for four consecutive quarters – its longest continuous decline since the financial crisis.
Halas expands on tax issues and the misdirected quantitative easing adventure:
Although the prime function of tax is to regulate the economy and keep inflation under control, the failure of many of the richest individuals and corporations to pay their dues, thanks to absurdly flabby fiscal legislation, has helped fuel the UK’s runaway inequality and damaged society immeasurably.
It is estimated that 80% of new money created (by the government, via the banks) ends up into the coffers of the financial institutions and their clients, rather than funding investment and welfare as it should.
And ends: “The only sustainable way forward is to invest massively in greener forms of energy and greener transport, to create a greener infrastructure and a greener environment. This won’t be possible without a vast reduction in inequality, more public ownership, more localism, and a far more cooperative approach to economics – all policies the Labour Party is adopting. All those with vested interests will doubtless raise a billion objections, but the consequences of keeping our heads in the sand and trusting the Tories to come up with solutions would be catastrophic”.
Naushaben (second left) was amazed, not only by ‘the vast array of music on offer’ (the Foo Fighters, Rag’n’Bone Man and Katy Perry to name a few), but just how much politics was ‘happening – from the sand sculpture of Theresa May attempting to break through a field of wheat to David Beckham opening social housing in Pilton. Support and backing for Jeremy Corbyn was particularly evident – displayed in a manner usually reserved for A-list celebrities.
She continues: “With the crowd taking every opportunity to break out into a rendition of ‘Ohhh Jeremy Corbyn’ and thousands of festival-goers packing out the Pyramid Stage to watch the Labour leader address them, if there were any doubts after the general election of young people’s support for Jeremy, Glastonbury quickly dispelled them.
“And a year after the vote to leave the EU, a result that I have heard had left a sombre cloud over 2016’s festival, the mood had lifted. Brexit had woken up a generation, and this time the sun was shining and as Jeremy Corbyn took to the stage, there was a sense of hope in the air”.
Agreeing with Billy Bragg that the momentum Jeremy has started is exceptional, she adds that in order for it to continue on its trajectory we have make sure that people are not just ‘buying into’ an individual but also into the values and principles:
“Corbyn’s ability to articulate these in a meaningful and sincere manner is undoubtedly a part of his appeal, but we need to ensure that those who support us (many for the first time) also understand that these are the values at the very core of the Labour Party and it is our ability to deliver as a unified movement that will bring about real change”. (Below, Corbyn calling for unity at the Glastonbury festival)
Putting the Glastonbury phenomenon into perspective Naushaben reminds readers that this festival is known for its socialist roots and the founder, Michael Eavis, is a long-time Labour supporter, having stood as a parliamentary candidate in 1997. Festival-goers tend to be progressive and liberal in their views, with swathes of young people forming the crowds – the very people whom Jeremy has brought into the fold and the very people that helped to deliver exceptional wins in places such as Canterbury and Kensington.
She continues: “We would be naïve to not also consider our decline of support in some traditional working-class heartlands. Seats such as Mansfield recently lost to the Tories, which in the 1980s was the site of many clashes between the police and miners or areas of the South-East, like Medway and Gravesham, which were Labour held from 1997-2010 but once again, have returned Tory MPS with solid majorities. Wins in such areas will be crucial to gain the additional seats — more than sixty — to form a working- majority government . . . there should be an honest appraisal of our supporter base and how we bring back into the fold our traditional voter base while continuing to appeal to the next generation. And just like our election manifesto, the challenge is to ensure that our appeal remains for the many and not the few”.
Naushaben ends: “The task itself is not an impossible one. The world of politics is in a state of flux and the Tories are failing to offer any sense of real leadership, heading a government that is about as far from ‘strong and stable’ as you can get, underpinned by a loose deal with the DUP that could prove to be deeply damaging. It is clear they have no real vision for the country other than the relentless pursuit of power. There is a genuine opportunity for Labour to take the reins and one that we are close to grasping”.
Two maps and Lesley’s welcome interpretation
- What do the colours mean?
- Highest total vote?
- Highest percentage increase since last election?
After a lot of digging around the explanation in italics was found here:
“Regardless of how it distributes the results, the map cannot possibly represent Thursday’s results, as over 100 areas of England weren’t voting in local council elections last week. The second map is rather more representative of how and where people actually voted last week – but it is definitely less socially shareable”.
The link to the source of the spoof: https://twitter.com/EtonOldBoys
But it did not add the necessary explanation for its choice of representative map – below. To get the explanation I had to go to the source: Wikipedia.
Lesley Docksey’s welcome response
- What one needs to look at is not coloured maps but how few council seats Labour lost, compared with the Tories.
- Look at the fact that Bristol got its Labour mayor and an overall majority on the council.
- See how poorly the Tories have done in the by-elections this year http://www.conservativehome.com/tag/by-election-results.
- It is not so much that Labour is gaining traction (which it is) but that people are turning against the Tories.
- And (we add – whatever may be your thoughts on these developments) the majority of elected mayors are Labour. Out of 18, 1 is Tory, 2 LibDem, 2 Independent and 13 are Labour.
Simon Bullows commented 263 days ago: “I registered to vote for the first time in my life because of this man”.
Jamie Krukowski: “I admire Corbyn a great deal. A number of his policies are ones I agree with and I appreciate the ideas he has but above all its due to his principals and morals. He’s dedicated, I believe he’s a true monument to the adage ‘A government selected by the people, for the people’. It’s also, and this is something I’ve fundamentally believed in for a number of years, about time we had a potential PM who hasn’t been to Eton or Oxbridge. It does often breed a certain mentality that I believe is against working to the best interests of the wider population . . . I would vote Corbyn for leadership and would especially hope he would make it to PM”.