George Entwistle was confirmed today as the next Director-General of the BBC, taking over from Mark Thompson in October. He will receive a salary of £450,000 per annum. With the Treasury Select Committee and some sections of the press talking about the need for a “change in culture” at Barclays – a publicly listed bank [...]
Continue Reading →It’s not uncommon for socialists to misunderstand capitalism. But this extraordinary piece in the Guardian goes beyond the call of duty.
Here, Carole Cadwalladr likens Antony Worrall Thompson’s theft of some cheese to a variety of actions by Tesco. She makes a common type of criticism, writing:
“Worrall Thompson broke the law. But [...]
Continue Reading →Before the election, the Tories talked a great game on the government spending and the national debt. Their manifesto read:
“A Conservative government will take action now to cut the deficit, help keep mortgage rates low and get the economy moving.”
At that point, it seemed that they recognised that shrinking the deficit was [...]
Continue Reading →Many people keep pointing out (here’s one, and another, and another) that the Coalition government haven’t cut a penny off government spending in real terms yet, and will only make very small cuts across this entire Parliament. However, we still hear tales of the ‘ideological’, ‘fundamentalist’ cuts which are [...]
Continue Reading →The 1995 winner of the Noble Prize for Economics, Robert Lucas, once opined:
“Once you start thinking about growth, it’s hard to think about anything else”
Current policy makers could take Dr Lucas’s advice on board. Look at the huge variety of policies which different lobby groups and concerned citizens are baying for. We [...]
Continue Reading →TFA Supports Better off out
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