From the TUC

Even more on the banks

Nigel Stanley

01 Nov 2008, by in Economics

Today’s newspapers confirm my unease about the Barclays deal. It is now abundantly clear that the senior Barclays management have favoured their bonuses over the interests of their shareholders. The costs of capitalisation from the Gulf will be greater than the costs of accepting the deal on offer from the British government. The greater costs…




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Barclays nationalised (but not by us)

Nigel Stanley

31 Oct 2008, by in Economics

So Barclays has managed to secure a capitalisation deal from a mix of members of Gulf Royal families and sovereign wealth funds. No doubt champagne corks are popping now that bonuses can keep on flowing. And it is good to know that at least one UK bank has convinced a significant investor that it is…




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The battle lines deepen

Nigel Stanley

31 Oct 2008, by in Economics, Politics

George Osbourne’s speech today marks a very clear dividing line between the government (with the Lib Dems) and the Conservatives. In his interview on the Today programme he has clearly lined up the Conservative Party in opposition to a Keynesian response to recession. Indeed he used ‘Keynesian’ as a term of abuse and said: “You can’t…




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Addressing the ‘white working class’ – sense beginning to break out?

Owen Tudor

31 Oct 2008, by in Equality, International

David Lammy MP has said something sensible about the ‘white working class’ issue that’s been rearing its ugly head again recently. Trade unionists are rightly worried about suggesting it’s sensible to segment the working class by race (interesting note – apparently it’s ok to talk about the working class – normally discouraged by politicians as…




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the have-nots and the have-yachts

Nigel Stanley

30 Oct 2008, by in Society & Welfare

I’ve just spotted on the HMRC website that the contact details for the national minimum wage helpline are next to: National Yachtline For information about sailing your yacht or pleasurecraft to and from the UK Yes, I know that not all yachts are owned by Russian oligarchs and some are modest, but it still says something…




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Today is women’s no pay day

Nicola Smith

30 Oct 2008, by in Equality

Women working full-time in the UK get paid 17% less than men. As this is equivalent to women working the last two months of the year for free, the Fawcett Society have calcuated that today marks women’s no pay day – from today until the end of the year many women are effectively working for free, their…




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The Keynesian battle lines open up

Nigel Stanley

27 Oct 2008, by in Economics, Politics

When the economy is growing and unemployment low, political debate is about how to distribute the fruits of growth. Of course that can be intense and ideological. In as much as there has been a dominant issue in recent elections, it has been tax cuts v public services. But just as easily the debate becomes a difference in emphasis that does…




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