Animal Spirits, Taxing and Borrowing  — Editorial

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

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

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

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

Editorial—The Fall of Johnson and The Energy Crunch

Why the political parties don’t want to tell the truth. Foreign and domestic policy are often related. Countries seek mutual benefit through trade and take measures to protect their own trading routes. They make long term arrangements for mutual exchange of products and services. In the contemporary world, the manufacture of a particular product often … Continue reading Editorial—The Fall of Johnson and The Energy Crunch

Edward Leigh on Russia

Russia’s Grand Strategy   —  Parliament Notes Bernard Jenkin initiated this debate on ‘Russia’s Grand Strategy, 6th January 2022.  MPs on all sides were unanimous that Putin’s Russia is the enemy and a danger to the West and the UK in particular, Labour MPs being particularly vociferous.  The Shadow Foreign Secretary David Lammy lambasted the government for not spending enough on … Continue reading Edward Leigh on Russia

Heseltine on Privatisation

From Socialism to Popular Capitalism: ‘the revolution where everyone is a winner’.  The destruction of both British industry and council housing was a deliberate policy to get away from what Thatcher and Heseltine saw as socialism, the excessive influence of the state on the economy.  They saw this as their crowning achievement. Extracts from:    Where there’s a Will, … Continue reading Heseltine on Privatisation

Editorial 1 — Labour Must Exploit Tory Divisions

The most important political battle in British politics is currently taking place in the Conservative party.  There is, of course, also a political battle taking place in the Labour Party, but it is of a different kind.  In the Labour Party, the party machine is being used to suppress the discussion of any radical ideas.  In contrast, in … Continue reading Editorial 1 — Labour Must Exploit Tory Divisions

Starmer, Sunak’s Unwitting Ally — Editorial 2

Brexit offered a real opportunity for the working class. With Corbyn, while not exactly in control of the ship (as we’ve subsequently realised), at least being somewhere on the Bridge, there was the prospect that the opportunity might have been taken advantage of. Alas and alack, such was the incoherent basis of his support (incapable … Continue reading Starmer, Sunak’s Unwitting Ally — Editorial 2

The Tory Party and the Labour Movement 1891

The Tory Party and the Labour Movement Randolph Churchill Paddington Speech 1891 Eamon Dyas Lord Randolph Churchill wasn’t advocating a Tory initiative of pro-labour policies. At this stage there was no Labour Party which had the responsibility of formulating a political programme representing working class interests, so the political language of the time didn’t include … Continue reading The Tory Party and the Labour Movement 1891