Parliament Notes QE, or printing money, is capitalism’s cunning plan to overcome economic and financial crises. In the massive economic crisis of the 1930s, the US state financed public works with money it hadn’t ‘earned’ from taxes. The economies of the US and Europe have practised it since to avoid the worst disasters of the 2007/8 financial … Continue reading Quantitative Easing, or “How will you pay for it?’
budget
Parliament Notes – Budget Debate 9 March 2021
Parliament Notes - Budget Debate 9 March 2021 [This is Ed Miliband’s speech against the budget. His standpoint is Ernest Bevin’s speech in 1944 advocating full employment; this is the ‘Bevin test’. “We cannot build private sector success on the back of public sector austerity. The cuts of the last decade have made local services worse, … Continue reading Parliament Notes – Budget Debate 9 March 2021
Editorial – Budget Battle Lines
Editorial Budget Battle Lines The next UK budget is on 3rd March. We don’t know what position Sunak will take on the hugely increased fiscal deficit. Will he return to austerity policies quickly or defer for a year? Certainly the Labour Party response to Sunak’s budget will be an opportunity to clearly separate Labour from the Conservatives. There have … Continue reading Editorial – Budget Battle Lines
