Tag Archives: UK

Britain Faces a Lost Decade, Deeper than Japan’s

Thursday’s IMF report has shown conclusively that George Osborne’s Plan A has failed. Austerity is pulling Britain back into recession. The International Monetary Fund (IMF) has long been an advocate of fiscal retrenchment and market-oriented “neoliberal” reforms. Indeed, the IMF is in part behind the current austerity programs currently being imposed upon Greece and Southern Europe, […]

Time to Renationalise the Railways

Rail is back on the agenda in Britain. An average of 3.3 million people get on a train every day- and the number is growing, fast. The UK’s rail infrastructure is far behind that of continental Europe, with just 60km of high-speed line, compared to 3480km across the continent. HS2 will begin to change this. Meanwhile, […]

Heroes of the Week: Higgs et al, and the LHC Project

Today’s heroes of the week go to the six theorists who formulated the Higgs Mechanism in the 1960s: Englert, Brout, Higgs, Guralnik, Hagen and Kibble, and the entire LHC (Large Hadron Collider) Project, in particular the two great experiments, CMS (Compact Muon Solenoid) and ATLAS (A Toroidal LHC Apparatus), which have effectively confirmed the existence of the corresponding Higgs particle this […]

The Case for a Nationalised Bank

As things stand, the banks are the permanent government of the country, whichever party is in power Lord Skidelsky, economic historian and biographer of Keynes, in a speech to the House of lords It’s time to put bank nationalisation back on the agenda. The recent revelations about the Libor scandal- revealing that fraud was routine, […]

Private Finance Initiatives are a huge ticking time-bomb of debt

These deals represent a colossal public subsidy to select private companies, all hidden from the taxpayer “…apparent savings [from PFI] now could be countered by the formidable commitment on revenue expenditure in years to come.” Alistair Darling, 1997 (As transport secretary 2003-2006, Alistair Darling supported major new PFI projects) The government’s use of PFI [the private finance initiative] […]

Tax Havens are threatening our Democracy

Following the writing of the US constitution in 1789, Benjamin Franklin famously wrote: Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes. But increasingly, as the recent revelations about Jimmy Carr and Gary Barlow remind us, taxes are […]