Kwasi Kwarteng is clearly a believer in animal spirits, or more specifically, the animal spirits of the UK private sector. The term ‘animal spirits’ was used by the economist J. M. Keynes to describe the spontaneous forces of vitality that drive human action. Apparently these animal spirits have been held back by too much taxing and … Continue reading Animal Spirits, Taxing and Borrowing — Editorial
Month: October 2022
Labour under Blair and Starmer
The Labour Conference and the Party under Blair and Starmer By Eamon Dyas What can we take from the Labour Party Conference at Liverpool? Keir Starmer acknowledged the importance of trade unions several times in the course of his speech and he indicated that he understood the relevance of proper training schemes and apprenticeships for … Continue reading Labour under Blair and Starmer
The Cost of Rail Privatisation
by Pete Whitelegg With the election of Margaret Thatcher in 1979 most of the state-owned industries were privatised including many of the businesses operating within the umbrella of British Railways. Sealink Ferries and British Transport Hotels were sold by 1984. Travellers Fare catering by 1988 and British Rail Engineering (train building) by 1989. But it … Continue reading The Cost of Rail Privatisation
Ukraine’s Borders
Eamon Dyas An aspect of Gorbachev’s disastrous arrangement with NATO on German reunification was the implications it went on to have for the borders between Russia and its post-Soviet neighbouring countries. However the continuing existence of that border arrangement would not have been so problematic had the US honoured the unwritten agreement with Gorbachev not … Continue reading Ukraine’s Borders
Notes on the News
By Gwydion M. Williams Trickle-Down – a Swindle Who Needs the Multi-millionaires? The World Shanghaied? Russo-Ukrainians Forbidden Democracy? Sweden and Italy, Overstrained Communities Italy, Also Overstrained Two Nice People, Unfit For Their Jobs Snippets More Tory Failures Turkish Inequality Trickle-Down – a Swindle President Biden recently denounced Trickle-Down.[A] Then Liz Truss affirmed the idea: tax cutting … Continue reading Notes on the News
Electricity in France and the UK
Price of electricity in France and England By Froggy I wanted to find out why my electricity bill here in England is so much higher than that of my relatives in France. Take for example my bill for period ending 31 May 2022: it charges me 29.332p/kWh (= 0.3 euro); my sister’s bill charges her for … Continue reading Electricity in France and the UK
Animal Spirits
Unleash the animal spirits! The Truss Kwarteng philosophy By Feargus O Raghallaigh It seems to me that many people do not quite get what Truss and Kwarteng are up to, which is attempting to give political and policy expression in government and in power to a religious belief or a religio-economic belief in effect. The core of this … Continue reading Animal Spirits
Hogs
HOGS Old Mother Truss and Kwasi Kwarteng cleared the cupboard with hardly a pang while dog Britain has to boil bones for soup as those very rich let out a great whoop. Soon it's war for breakfast lunch and dinner juggling H-bombs makes you a lot thinner. Now this tail can hardly wag the dog. … Continue reading Hogs
The Energy Debate —Parliament Notes
Debate on Energy 8 September 2022, House of Commons https://hansard.parliament.uk/commons/2022-09-08/debates/6911DA71-90B4-466D-8B51-DF427AB29B53/UKEnergyCosts The Prime Minister Liz Truss started the Debate by laying out the measures taken to help households and businesses to bear the cost of risen electricity bills. She then said the aim was to make Britain more self sufficient in energy, in particular by building small … Continue reading The Energy Debate —Parliament Notes
The Mini-Budget — Parliament Notes
Text of the mini-budget by Kwasi Kwarteng, called ‘The Growth Plan’ in Hansard, which caused great excitement as well as a drop in the value of the pound, and is already being watered down. See editorial for comment. https://www.gov.uk/government/speeches/the-growth-plan-2022-speech Mr Speaker, Let me start directly with the issue most worrying the British people – the cost … Continue reading The Mini-Budget — Parliament Notes
Labour Affairs 