From the TUC

Wall Street Chaos: Where are the owners?

Adam Lent
Guest

15 Sep 2008, by in Pensions & Investment

The developing crisis on Wall Street will raise a long and intense debate about state regulation of the capital markets.  But the problem is not just the rules that govern trading, it is also the culture of major financial centres which in recent years has clearly become deeply irresponsible and even more herd like than in the…




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A new era for manufacturing?

Tim Page

12 Sep 2008, by in Economics, Environment

This was an important week for manufacturing industry. The Government launched its refreshed manufacturing strategy in a document which states: “Looking forward, a thriving manufacturing sector is central to the future success of the British economy.” We couldn’t agree more. But what will that sector look like?




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Challenging nightmares

Nicola Smith

11 Sep 2008, by in Society & Welfare

Theresa May has accused Harriet Harman of living in a dream world, and engaging in class warfare. Ms Harman’s crime is recognising that class inequalities have a significant impact on life chances. Apparently this rhetoric belongs 20 years in the past – presumably becuase social class no longer makes much of a difference to any…




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Not another article on house prices

Paul Sellers

11 Sep 2008, by in Society & Welfare

There is no doubt that the credit crunch has squeezed most of the life out of the mortgage market, but are house prices really falling as fast as the lenders say? The answer is ‘no’, and this is because a significant minority of houses are actually bought without credit and therefore do not show up…




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Fannie, Freddie and tax avoidance

Adam Lent
Guest

11 Sep 2008, by in Economics

Richard Murphy notes the news that corporate tax avoidance was central to the weakness of Fannie and Freddie. “Deferred tax” was a key part of the work Richard did for the TUC in The Missing Billions.  The pamphlet critiqued deferred tax for the vast sums this technique denies to public funds. The fact that it may also have played a part in the…




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Recession? Maybe but what to do about it?

Adam Lent
Guest

11 Sep 2008, by in Economics

The EU’s prediction of recession in the UK is widely reported.  More importantly, a debate about how to respond is slowly taking shape.  A good article by Seumus Milne in The Guardian today on this and Paul Mason on Newsnight yesterday quoted figures from my previous post on a fiscal stimulus.  Paul suggested the Government…




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Turning a blind eye to the best advice

Nicola Smith

10 Sep 2008, by in International

Cycling low-skilled temporary migrant workers in and out of the country, refusing them opportunities for settlement, is not a sensible way to run an economy – it reduces efficiency and increases costs for employers. Unfortunately this OECD position contradicts the opinion of the Home Office, whose new points based system will prevent many migrants with…




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Flexibilising inflexible bosses

Paul Sellers

09 Sep 2008, by in Working Life

The debate on flexible working and homeworking has been hotting up this week. The CBI’s Autumn Economic Statement, which was published on Monday, argues that there has been a huge increase in homeworking in recent years. However, according to the official Labour Force Survey, there has been some increase in the number of employees who can work from home…




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