Fiscal Rules – A Scam To Justify Austerity — Editorial

Early in his Autumn Statement to Parliament on 17th November, the Chancellor, Jeremy Hunt, announced two new fiscal rules: “…I also confirm two new fiscal rules. The first is that underlying debt must fall as a percentage of GDP by the fifth year of a rolling five-year period. The second is that public sector borrowing over … Continue reading Fiscal Rules – A Scam To Justify Austerity — Editorial

The Non-Existent UK Fiscal Black Hole— Editorial 2

The story we are being told about UK government finances by virtually every main stream media (MSM) commentator goes something like this. The government wants to spend more than it is raising in taxes.  This means that it will have to borrow from the private sector.  The private sector may choose not to lend to the government.  In … Continue reading The Non-Existent UK Fiscal Black Hole— Editorial 2

The Budget Debate

Discussion of the Budget in Parliament https://hansard.parliament.uk/Commons/2022-11-17/debates/97DB3122-0068-46CD-B026-F757C8DF39AF/details#contribution-7F63EF1C-81E2-485B-8F3E-D9C47C284CB5 The main issue arising from the budget is the one outlined in the editorial: the anti-working class new fiscal rules that limit public spending and favour the private sector.  Only one MP refers to this (see below) and he’s not Labour.  The other worrying factor is Hunt’s professed admiration for … Continue reading The Budget Debate

An Open Letter from Editors and Publishers: Publishing is Not a Crime

The U.S. government should end its prosecution of Julian Assange for publishing secrets.  Twelve years ago, on November 28th 2010, our five international media outlets – The New York Times, the Guardian, Le Monde, El Pais and DER SPIEGEL – published a series of revelations in cooperation with Wikileaks that made the headlines around the globe. … Continue reading An Open Letter from Editors and Publishers: Publishing is Not a Crime

SECRET POWER: WIKILEAKS AND ITS ENEMIES 

SECRET POWER: WIKILEAKS AND ITS ENEMIES  BY STEFANIA MAURIZI  (Pluto Press) Reviewed in the Morning Star Assange—Freedom v authoritarianism HELEN MERCER recommends a book that explains the ruthless official manipulation of the case against Julian Assange  https://morningstaronline.co.uk/system/files/pdf-editions/MorningStar_2022_11_28.pdf THE “secret power” that Stefania Maurizi refers to in this book is the “highest level of power, where secret … Continue reading SECRET POWER: WIKILEAKS AND ITS ENEMIES 

The Budget Statement Was Not Unfunded—Editorial 1

We are told by almost every economics commentator in the main stream media that the markets panicked because, on 23rd September, Kwasi Kwarteng failed to explain how the government would fund the increase in spending implied by putting a cap on energy prices and reducing taxes. Kwarteng’s fiscal statement was unusual.  Kwarteng understood that national debt would … Continue reading The Budget Statement Was Not Unfunded—Editorial 1