The myths about money that British voters should reject. Befitting a surprise election, the manifestos from the main parties contained surprises.
These are the people. If you watched the Question Time election debate on June 2nd you will have witnessed Jeremy Corbyn being berated by a succession of furious elderly men, with a few questions from other less vociferous demographics sprinkled in.The two main themes these elderly men attacked Corbyn on were clearly rote-learned straight out of the pages of the right-wing press.
Anyway since these people represent the majority of those who were invited to speak by the BBC, let's consider who they are: These are the people who have been brainwashed into believing that the mild-mannered democratic socialist Jeremy Corbyn is a communist sympathiser, even though he wants to repatriate British infrastructure and services and Theresa May is the one who wants to keep huge chunks of our railways, water supplies and national grid under Chinese communist control! Another Angry Voice is a "Pay As You Feel" website.
Is the deficit down by two thirds? “I will be taking out to the country in this campaign a proud record of a Conservative government: … an economy with the deficit nearly two thirds down.”Theresa May, 19 April 2017 “In 2010 they promised to eradicate the deficit by 2015.
In 2015 they promised to eradicate the deficit by 2020.”Jeremy Corbyn, 19 April 2017 This is correct, looking at the deficit as a proportion of GDP, and is a claim the government has made before. Public sector net borrowing went from 9.9% of UK GDP to 3.8% between 2009/10 and 2015/16. What use is a group of cultish, Corbynista clicktivists? Quite a lot, actually. In Derby North earlier this month, Labour organisers were describing a welcome situation the like of which they hadn’t seen in years.
That was days before the nightmare of the Manchester terror attack, which shocked the country and put the election campaign on pause. Back then, before the horror struck, Labour campaigners were enthusiastic over the response to My Nearest Marginal, an electioneering website launched by Momentum, the grassroots group of Jeremy Corbyn supporters. The site invites activists to punch in their postcodes and directs them to their nearest swing seat – constituencies such as Derby North, in the East Midlands, where the Labour candidate, Chris Williamson, lost to the Conservatives by 41 votes in 2015. The truth is out: money is just an IOU, and the banks are rolling in it. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning".
Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct.
Student grants: Increasing loans means poor students won't get university degrees. There can be few more obvious examples of the gulf between the rhetoric of this Conservative government and its actions than the abolition of maintenance grants for the poorest students in higher education in England, which took effect for new students from Monday.
Earlier this year, the former Prime Minister, David Cameron, spoke of his ambition to double the proportion of young people from disadvantaged backgrounds going into university. Yet at the very same time his government decided their own artificial deficit targets were more important than the life-chances of those same students. Make no mistake: this policy makes that task far harder. Tuition fees weren't bad for poor students going to university - Labour shouldn't scrap them.
Back in late 2010, in the early days of that extremely cold winter, I threw on a hat and scarf and took to the streets of London with thousands of others to protest against the hike in tuition fees.
As the snow started to fall, there was a sense among the crowd – a slightly self-aggrandising sense, I admit – that we weren't just protesting against tuition fees (which were set to rise from £3,000 to £9,000 a year) but that we were a sort of bedraggled vanguard holding back the tide of the Coalition's sweeping austerity programme. This was after all a mere six months after Labour's crushing defeat at the General Election – and a month after George Osborne's first 'emergency budget'.
There was a widespread feeling that, alongside swingeing cuts to public services, higher tuition fees were yet another Tory plot to put the boot into the poor. The impact of tax and benefit reforms on household incomes - Institute For Fiscal Studies - IFS. This Briefing Note, produced in advance of the 2017 Election, analyses the impact of tax and benefit changes since May 2015 on the incomes of different kinds of households.
We look both at reforms already implemented, and those planned by the current government (but not at any potential manifesto commitments, which will be analysed later). IFS Election 2017 analysis is being produced with funding from the Nuffield Foundation as part of its work to ensure public debate in the run-up to the General Election is informed by independent and rigorous evidence. For more information go to www.nuffieldfoundation.org Key findings This analysis does not tell you what has actually happened to the incomes of different types of households. Tax and benefit reforms since May 2015 have so far had little effect, but there are big benefit cuts to come Figure 1. Adults in the Room by Yanis Varoufakis review – one of the greatest political memoirs ever?
Yanis Varoufakis once bought me a gin and tonic.
His wife once gave me a cup of tea. While dodging my questions, as finance ministers are obliged to, he never once told me an outright lie. And I’ve hosted him at two all-ticketed events. Top 10 books about the Russian Revolution. A hundred years after the Russian Revolution, history, according to most historians, had pronounced its judgment.
October 1917 had been relegated to a past that would never be repeated, just like the tumbrils in Paris in 1793 or Charles I’s public execution outside the palace at Westminster. History doesn’t repeat itself, not even as a farce, but its echoes remain. What I wanted to do in The Dilemmas of Lenin: Terrorism, War, Empire, Love, Revolution was to place Lenin in proper historical context as an extremely gifted political strategist and thinker who, more than any other historical figure, dominated the shape of the last century. Ken Livingstone: the tangled web. Do I think Ken Livingstone is an anti-Semite? No. Is that important? The stench of the Anti-Semitic Old Right that Hangs around Ken Livingstone - Opinion - Israel News. The refusal of the Labour party’s National Constitutional Committee to expel Ken Livingstone was not unexpected.
The verdict of effectively extending Livingstone’s suspension for another year was simply a case of choosing the line of least resistance between Labour’s warring factions. It also reflected the desire of many ordinary Labour members not to believe the worst of their movement. A YouGov poll of party members last year registered the view of 49% of respondents that Labour did not have a problem with anti-Semitism – and that ‘it has been created by the press and Jeremy Corbyn’s opponents to attack him’.
An additional 35% believed that the Party actually did indeed have a problem with anti-Semitism ‘but it is being used by the press and Jeremy Corbyn’s opponents to attack him’. Ken Livingstone’s claims are an insult to the truth - The Jewish Chronicle. Defending himself during the Labour Party inquiry into his past statements about antisemitism, Ken Livingstone has unleashed a series of unfounded charges of “collaboration” between Jews and Nazis. The American Jewish scholar behind Labour’s ‘antisemitism’ scandal breaks his silence. Norman Finkelstein is no stranger to controversy.
The American Jewish scholar is one of the world’s leading experts on the Israel-Palestine conflict and the political legacy of the Nazi holocaust. Apart from his parents, every member of Finkelstein’s family, on both sides, was exterminated in the Nazi holocaust. Ken Livingstone: 'I didn't say Hitler was a Zionist' Ken Livingstone has robustly defended his claim that Adolf Hitler supported Zionism, saying he had been deliberately misrepresented by people who wanted to discredit Labour leader Jeremy Corbyn. “If I had said Hitler was a Zionist, I would apologise for that because it’s rubbish,” said the former mayor of London when faced with hostile questioning by MPs.
“If I’d said it, I would agree it was abhorrent. But I didn’t say it. I was stating a simple historical fact.” Hitler and Zionism: Why the Haavara Agreement does not mean the Nazis were Zionists. When the former London mayor Ken Livingstone said in an interview that Hitler was “supporting Zionism” before he “went mad and ended up killing six million Jews”, he was quickly suspended from the Labour Party, which was already in the throes of a painful row over anti-semitism. Arron Banks: ‘Brexit was a war. We won. There’s no turning back now’
It is five days before article 50 is triggered, and I’m sitting in the sunshine outside a pub in Islington with the man who bankrolled Brexit. If victory lies with anyone this weekend, it maybe lies with Arron Banks. ‘It was as if I had peered into hell’: the man who brought the Nazi death squ... It was called the biggest murder trial in history. Twenty-two members of the Einsatzgruppen, Nazi extermination squads responsible for the deaths of more than a million Jews, and many thousands of Gypsies, partisans and others, were tried and convicted at Nuremberg. Prospects for the American press under Trump, part two - PressThink. My dad predicted Trump in 1985 – it's not Orwell, he warned, it's Brave New World. Over the last year, as the presidential campaign grew increasingly bizarre and Donald Trump took us places we had never been before, I saw a spike in media references to Amusing Ourselves to Death, a book written by my late father, Neil Postman, which anticipated back in 1985 so much about what has become of our current public discourse.
10 Economic fairy stories that people need to stop believing in. 1. Government finances are like a household budget[Main Article] North of England 'at risk of becoming cultural wasteland' with museums hit by austerity measures. The North of England is in danger of becoming a cultural wasteland as town hall leaders, struggling to cope with George Osborne’s austerity measures, are forced to slash budgets for museums, heritage campaigners have warned. Museum fees: charging for entry is a pointless, retrograde step. I disagree strongly with Rachel Cooke’s argument (“We should pay to get into museums”, Comment). Museum fees: charging for entry is a pointless, retrograde step. Brighton Museum to introduce entry charges for non-residents from May.
Brighton and Hove Council has voted in favour of introducing entry charges to Brighton Museum and Art Gallery for non-residents from May. The move, which was proposed earlier this year, is expected to generate £200,000 a year. Novium Museum scraps admission charges. York Museums Trust proposes charges at York Art Gallery. The cost of charging. Future of Cultural Value. I Love Museums. Great museums need good curators. Home - Cultural Learning Alliance. What Next? - What is What Next? - What Next?
Funding cuts could spell end of free museums and galleries. Visitor numbers soar at Britain's free museums and galleries. The most unsayable truth: museums are not the NHS – they should charge us. Jonathan Jones is wrong: museum fees are an abandonment of British ideals.