Social and Economic Policy

Renationalise the railways!

Submitted by SJW on 22 May, 2018 - 9:09 Author: Keith Road
Strike against DOO

Virgin Trains East Coast, the consortium that runs the line from London to Edinburgh and which is 90% owned by Stagecoach has had its franchise taken away.

The line is now temporarily in public ownership, renamed the London North East Railway.

This follows the consortium admitting that they had over-bid for the contract — offering £3.3 billion in order to land the contract, when they had no intention of paying this amount, or as they put it, they “discovered” they were unable to pay the amount.

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Expropriate the landowners!

Submitted by SJW on 22 May, 2018 - 8:03 Author: Editorial
Rough sleeper in Oxford

The number of people sleeping rough in the UK is at a record high, after a 73 per cent rise in numbers over the last three years.

According to the latest snapshot analysis by UK local councils, there were 4,751 people sleeping rough on a given night in the autumn of last year. That represents a 169% increase on 2010 figures. In the course of last year 8,108 slept rough in London, a 121% increase on 2010 figures.

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For a workers' audit!

Submitted by SJW on 22 May, 2018 - 7:52 Author: Chris Reynolds

Two Parliamentary committees, both headed by right-wing Labour MPs (Frank Field and Rachel Reeves) have called the UK’s big four accountancy firms to be referred to competition authorities for potential break-up.

Investigating the collapse of Carillion, which made its bosses millions from taking on outsourced contracts, the MPs found that the firms supposed to audit (check) the firm’s figures were a “cosy club incapable of providing the degree of independent challenge needed”.

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Socialism or capitalism? [AUDIO & TEXT]

Submitted by SJW on 25 April, 2018 - 12:20 Author: Katy Dollar & Mark Pennington

On 17 March Katy Dollar of Workers’ Liberty debated Mark Pennington, Professor of Political Economy and Public Policy at King’s College London, on Socialism or the free market?

Here we present extracts from their speeches. The full speeches can be listened to below

Katy Dollar

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Protest Trump on 14 July

Submitted by SJW on 25 April, 2018 - 11:15 Author: Michael Elms

In January 2018, US President Donald Trump cancelled a planned trip to the UK.

His stated reason was that the famously unsuccessful realtor didn’t fancy the “off-location” US Embassy. But the real reason was almost certainly that Trump wanted to duck the huge wave of protest that anyone could see would meet any visit. The racist, authoritarian and climate-change-denying policies of the Trump administration stoked a storm of indignation and a series of huge rallies at the very suggestion of his visit.

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Fight the gender pay gap

Submitted by SJW on 10 April, 2018 - 7:26 Author: Katy Dollar

In news that will surprise almost no one, the country’s most comprehensive data collection on pay by gender has shown that men are paid more than women.

The figures show men are paid more than women in 7,795 out of 10,016 companies and public sector organisations in Britain, in terms of median hourly pay.

No sector pays women more. Men are also paid higher bonuses than women.

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Editorial: Trump threatens trade war

Submitted by SJW on 14 March, 2018 - 12:28 Author: Editorial
World trade

On 1 March Donald Trump announced tariffs of 25% on steel imports, 10% on aluminium imports.

Other governments are alarmed by this shift towards trade war. The OECD, a consortium of the world’s 35 strongest capitalist economies, has criticised the move. Further argument will come at the meeting of the finance ministers and central bank governments of the G20 (20 strongest countries) in Buenos Aires on 19-20 March.
Socialists should be alarmed too, for our own distinct reasons.

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Trump in America and the world

Submitted by Matthew on 10 January, 2018 - 11:55 Author: Ira Berkovic
Trump

On 22 December, US President Donald Trump passed the most significant piece of domestic legislation of his term thus far, the so-called “Tax Cuts and Job Act”.

This tax reform, one of the most sweeping in decades, will cut corporate tax by 15%. The package also includes measures such as lowering taxes on overseas profits.

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How big business makes the laws

Submitted by Matthew on 10 January, 2018 - 10:51 Author: Rhodri Evans

In December the US Congress has passed the regressive tax-cuts scheme pushed by Donald Trump and long desired by Republicans.

The truly instructive story is about one detail. As part of his populist pitch pre-election, Donald Trump had sworn to sugar the changes at least in a small way by closing a particular tax loophole advantageous to hedge fund and private equity managers, "carried interest".

The loophole has survived. Gary Cohn, director of Trump’s National Economic Council, and a plutocrat himself, was startlingly candid about it.

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