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Tag Archives: UK

What Question(s) for a “People’s Vote” Referendum?

The calls for a “People’s Vote” on the government’s proposed Brexit ‘deal’ (if indeed there is one) grow louder, but are especially contentious for the Labour Party, whose membership is more minded to “remain” than the public at large, which still seems fairly evenly split. But the call for a People’s Vote is not so straightforward, partly now in...

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Cake and cherries

Sometimes I despair at the naivety of politicians.Theresa May's humiliation in Salzburg was an inevitable consequence of her belief that the EU would be willing to compromise its "four freedoms" to keep her in power. To be fair, press reports since the Chequers plan have suggested that the last thing the EU wants is a change of leadership in the UK. But it was a mistake to interpret this as meaning the EU was willing to become Theresa's poodle. Nothing could be further from the truth. The...

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Same old same old…Tory austerity

Severe as it has been for the welfare of the British people, eight years of so-called austerity under three Conservative governments are but the most recent manifestation of Tory assaults on public services.  Since Margaret Thatcher became prime minister almost forty years ago, contracting the public sector has been a constant theme across Tory governments.Chart 1 shows total pubic spending as share of GDP over four decades, 1980-2017.  In the first three years of the Thatcher...

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Craig Murray — On Being a Dissenting Voice in 2018

The site is just back up at 16.42 on 21 March having managed to slip like the Tardia into another dimension and thus dodge the massive DOS attack we are under. over 50,000 separate IP addresses simultaneously throwing up millions of hits. The attack has not actually stopped and does seem to have a human intelligence changing terms and directing it, which could make for an interesting afternoon. Once our excellent techs get a minute from fighting it, we will post the cloudfare graphs as...

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Mary Dejevsky — The British Government’s response to Sergei Skripal proves we’ve learnt nothing from the Iraq War

On Iraq, the UK’s version of “the facts” was embraced by pretty much all our political establishment and many of our allies – with the honourable exception of the French, the Germans, the late Charles Kennedy and his little band of Lib Dems, and – yes, let it not be forgotten – the leader of today’s Labour opposition, Jeremy Corbyn. It was a version that proved to be disastrously wrong. Yet a combination of Tony Blair’s persuasive powers, naïve acceptance of the need for national unity, and...

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The Carillion whitewash

The Carillion whitewash has begun. Carillion's interim CEO, Keith Cochrane, is spinning the line that had banks not pulled funding, its collapse could have been averted. And the Financial Times has released details of a letter Carillion sent to the Government at the beginning of January, in which it asked for short-term advances to tide it over while it underwent restructuring. Labour MP Pat McFadden has written to the Treasury Secretary asking whether it would have been more...

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Will workers get a pay rise in 2018?

The Financial Times questioned economists for its annual publication of economic forecasts: “With unemployment at a 40-year low, how much of a pay rise will British workers get in 2018?” (See here: https://www.ft.com/content/98ce5e72-ebd9-11e7-bd17-521324c81e23)  PRIME economists responded thus:The fall in real wages while employment has fallen and employment has risen is a consequence of sustained hyper-globalisation policy in which much of the labour force is now obliged to...

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PRIME forecast for FT: Will UK economy grow in 2018?

PRIME (Policy Research in Macroeconomics) economists were asked by the FT “How fast do you think the UK economy will grow in 2018 and how will this compare to other countries?” (See here: https://www.ft.com/content/ceb165ee-ebb5-11e7-bd17-521324c81e23)We replied as follows:The end of 2017 witnessed, in our view, the top of the global asset bubble. Rupert Murdoch’s decision to dispose of 21st Century Fox was a clear indication that the bubble had peaked. Bitcoin’s stratospheric...

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