May 30, 2020
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A significant cross party political debate tonight
A significant cross party political debate tonight
At 6.30pm tonight there is going to be a once-in-a-lifetime cross-party ‘in conversation’ to reflect on an unprecedented decade. The event is taking place in London at The Magic Circle Theatre, 12 Stephenson Way, NW1 2HD. However it will also be broadcasted. The five people taking part are Michael Heseltine, Vince Cable, Andrew Adonis, Caroline Lucas and Anna Bird. The image shown here is from a…
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At the sharp end of the Carillion supply chain | Letters
Readers on the fallout from the collapse of Carillion. Letters from Mary Mellor, Ian Lovegrove, Prof Joe Sim, Peter Kunzlik, Dr Valerie Lipman and Ian McIlweeAndrew Adonis is right to see Carillion as another Lehman (Report, 17 January). In the same way as letting Lehman fail undermined the whole banking sector, the failure of Carillion will infect the whole supply chain and threaten all companies that have the same flawed model of using high levels of debt to give the illusion of profitability. Like the banks, some form of state rescue will be needed. However, the state should not repeat the error of using public money to put Humpty Dumpty back on the wall.As Aditya Chakrabortty says (It’s time to take on the zombies, 17 January), the nonsense of neoliberalism must be challenged. Stratospheric executive pay, prioritising shareholder value and stock market froth do not reflect market efficiency. Nor are states households that must be disciplined by austerity. As I argue in my book Debt or Democracy, public money is an independent force, as the bank rescue showed. The private sector needs a vibrant public economy able to use all its powers to sustain overall economic wellbeing (wellth). The private sector is only as strong as its weakest link. When that fails, the only grownup in the room is the public economy. In the face of market failure, states need to plug the gap with surplus expenditure, that is, deficit spending, funded by quantitative easing not borrowing. When the crisis is over, if necessary, this spending can be reclaimed through taxation.Mary MellorNewcastle upon Tyne Continue reading...
https://www.theguardian.com/business/2018/jan/17/at-the-sharp-end-of-the-carillion-supply-chain
LONDON | Protesters march in London to demand new vote on Brexit
LONDON | Protesters march in London to demand new vote on Brexit
LONDON— Tens of thousands of protesters marched through central London on Saturday to demand a new referendum on Britain’s departure from the European Union.
Organizers want the public to have a final say on the government’s Brexit deal with the EU, arguing that new facts have come to light about the costs and complexity of Britain’s exit from the bloc since Britons voted to leave in 2016.
Some…
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LONDON | Protesters flock to London to back new vote on Brexit
LONDON | Protesters flock to London to back new vote on Brexit
LONDON — Thousands of protesters gathered in central London on Saturday to call for a new referendum on Britain’s departure from the European Union.
Organizers want the public to have a final say on the government’s Brexit deal with the EU, arguing that new facts have come to light about the costs and complexity of Britain’s exit from the bloc since Britons voted to leave in 2016.
London Mayor…
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5 Days in May - Andrew Adonis
5 Days in May – Andrew Adonis
When the general election in 2010 returned no overall control, Adonis had a pivotal role in trying to negotiate Labour into coalition. This looks at how the pieces fell, and what influence the Lib Dems had in the coalition was shaped.
Adonis writes well, giving a fast-paced book that contains depth and interest in what could otherwise be a very dry and dull set of negotiations. Then as he felt…
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Transport secretary slammed over 'monumental misjudgement'.
A u-turn on the u-turn's u-turn? 😂😂😂😂 aka what we already knew- their government cannot govern; its mechanisms only exist to enrich the best-placed suits.
Labour peer urges his party to support second referendum as he steps down as chair of national commission