Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Corbyn’

Britain’s super-rich are Corbyn-proofing their finances

Posted by hkarner - 2. Mai 2019

Date: 01-05-2019
Source: The Economist

Efforts to protect wealth should Labour take power are being stepped up

JEREMY CORBYN may have it in for tax havens, but they are not all cursing the Labour leader right now. Well-heeled types worried about the prospect of a Corbyn-led government have been buying property on Guernsey with a view to relocating to the island, attracted by its flat 20% income-tax rate and lack of capital-gains or inheritance taxes. Demand for homes there has been buoyant this year, and Jo Stoddart of Locate Guernsey, an investment-promotion agency, says queasiness over Mr Corbyn is one of the main reasons (along with Brexit and personal security). Matt Brouard, a Guernsey estate agent, says some British expats are moving to the island rather than returning to the mainland after stints working overseas, partly because of Corbyn-induced uncertainty.

The opposition leader makes no secret of his disdain for the rich. The real divide in Britain, he said recently, is not over Brexit but “between the many, who do the work, create the wealth and pay their taxes, and the few, who set the rules, reap the rewards and dodge their taxes.” The super-rich, he has warned, are “on borrowed time”.

Small wonder, then, that plutocrats are seeking advisers’ counsel—and increasingly taking action—to keep their incomes, mansions and pensions out of Labour’s clutches. “How to Corbyn-proof your Wealth”, an event held in London in February by a club for elite investors, sold out quickly. A recent, eight-page special section on the topic in the Mail on Sunday screamed that Corbynomics threatens to wreak economic havoc that could “rival that heaped upon the poor people of Venezuela”. Den Rest des Beitrags lesen »

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The Tories are transforming into a party of populist nationalism

Posted by hkarner - 6. April 2019

Date: 04-04-2019
Source: The Economist: Bagehot

Theresa May’s decision to work with Labour will hasten the transition

A prime minister with a well-deserved reputation for dullness and dithering has finally done something dramatic and bold. This week she broke with the Brexit-right of her party and decided to put national interest above party unity. In a lengthy cabinet meeting on April 2nd Theresa May forged a radically new policy—working with the leader of the opposition Labour Party, Jeremy Corbyn, to produce a compromise Brexit and, if that doesn’t work, holding another round of indicative votes in the House of Commons and going with the winner.

Her move has left the hard Brexiteers in her party even more apoplectic than usual. Boris Johnson pronounced that “Brexit is now soft to the point of disintegration.” Jacob Rees-Mogg accused Mrs May of being keener to work with a Marxist than with her fellow Tories. Iain Duncan Smith opined that “the spectre of Corbyn lording it over us in a prime-ministerial way as he wrecks Brexit makes my blood run cold and fear for my party and my country.” So far a couple of junior ministers have resigned. Den Rest des Beitrags lesen »

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Theresa May’s New Brexit Strategy Is Fraught With Political Risk

Posted by hkarner - 4. April 2019

Date: 03-04-2019
Source: The Wall Street Journal

Ahead of meeting between the prime minister and opposition leader, both parties wonder if detente represents an opportunity or a trap

Theresa May and Jeremy Corbyn are meeting to try to find a route out of the Brexit impasse.

LONDON—British Prime Minister Theresa May and the leader of the opposition
Labour Party began the process of hashing out a compromise Brexit deal Wednesday, a path fraught with political risk for both sides.

With a summit of European Union leaders just a week away, pressure is on the British government to find a Brexit agreement that can gain Parliament’s approval and avoid the U.K. leaving the bloc without a deal on April 12.

To do this, Mrs. May has shifted strategy. On Tuesday, she announced she would reach out to Labour leader Jeremy Corbyn, after her repeated failure to persuade a core of anti-EU lawmakers in her own Conservative Party, and her allies from the Democratic Unionist Party from Northern Ireland, to vote for the deal she negotiated. Den Rest des Beitrags lesen »

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Theresa May and Jeremy Corbyn lose control of their Brexit policies

Posted by hkarner - 2. März 2019

Date: 28-02-2019
Source: The Economist

Brexit is likely to be deferred until at least June 30th. This will not make it any easier to get MPs to back a deal

After weeks of unstable equilibrium British politics has seen two breakthroughs. Theresa May, the prime minister, agreed to offer mps a chance to vote to extend the Article 50 Brexit negotiations. This in effect takes a no-deal Brexit off the table for the time being. Meanwhile Jeremy Corbyn, the leader of the opposition, promised to support a second referendum on the final deal. This raises the possibility that a Brexit delay might eventually morph into a Brexit revote.

The reason for these breakthroughs is that both leaders are losing control of their own parties. Mrs May’s Brexit strategy depended on confronting mps with a choice between her deal and no deal. But early this week some 15 ministers, including three cabinet members, threatened that they would back a plan drawn up by Yvette Cooper, a Labour mp, to delay Brexit if Mrs May cannot get her deal through Parliament by a specified date. Following one of the most fraught cabinet meetings in years, Mrs May turned up to Parliament on February 26th to offer a succession of promises to appease the rebels: if her deal fails to pass by March 12th, she will ask mps by the following day if they are willing to sanction a no-deal Brexit and then, assuming that the answer is no, the day after they will be able to instruct the government to go back to Brussels to seek an extension to the Article 50 Brexit deadline of March 29th. Den Rest des Beitrags lesen »

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Jeremy Corbyn is having a bad Brexit

Posted by hkarner - 3. Februar 2019

Date: 31-01-2019
Source: The Economist: Bagehot

The issue is driving a wedge between Labour’s leader and his activists

Theresa may’s slow progress through the great mangle of Brexit has been so gruesome that it has distracted attention from another political flattening: that of Jeremy Corbyn. The leader of the opposition put in another fumbling performance in the House of Commons this week in proposing that the government should be forced to put off Britain’s departure from the European Union if it doesn’t reach a deal. But lacklustre rhetoric and a feeble grasp of detail mark only the beginning of his problems.

The Labour Party is even more divided over Brexit than the Conservatives. Most Labour members disagree with their party’s official support for leaving, whereas most Tory party members support their party’s position. Mr Corbyn is much farther away from his party’s centre of gravity than Theresa May is from hers. He is a long-standing Eurosceptic who believes that the eu is a capitalist club that stands in the way of building his socialist Jerusalem. He voted against Britain’s membership in 1975, opposed the single market in the 1980s and only pretended to campaign for Remain in the referendum of 2016. He is surrounded by an inner circle of Eurosceptic advisers who do their best to steer a Europhile party in a Eurosceptic direction.

Mr Corbyn has tried to manage these contradictions by resorting to grand banalities. He has claimed that Labour supports a “jobs-first Brexit” that will magically provide all the benefits of Brexit with none of the costs. He has headed off calls for a second referendum by saying that he wants a general election instead. That strategy is wearing thin. With Brexit less than two months away, Mr Corbyn is being forced to make real and urgent decisions. This week he lent his support to Yvette Cooper’s amendment requiring the government to delay Brexit if Parliament hasn’t agreed on a deal by a certain date (the measure failed, in part because Mr Corbyn’s backing was so late and his advocacy so feeble). Den Rest des Beitrags lesen »

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The Theresa May Survival Guide

Posted by hkarner - 18. Januar 2019

Date: 17-01-2019
Source: The Wall Street Journal By The Editorial Board

No one else wants to take the political risks of Brexit.

British Prime Minister Theresa May

Say what you will about Theresa May—and you might as well because everyone else has—the British Prime Minister can take a punch. On Wednesday she survived a no-confidence vote in Parliament, 325-306, only 24 hours after the same body crushed her Brexit deal with the European Union.

It’s easy to lose sight of how bizarre this is. By rights she should have resigned. Obviously she no longer enjoys the confidence of her own party, let alone all of Parliament.

Yet even the 118 Conservatives who opposed her EU deal supported her as PM, as did the 10 members of the Northern Ireland Democratic Unionist Party who prop up her government but also opposed her on Brexit. These folks enjoy griping from the sidelines about Brexit policy, but no one else wants to catch the spears that go with being in charge of the process.

The opposition Labour Party under Jeremy Corbyn is no better. Mr. Corbyn triggered Wednesday’s vote as a gambit to force a new national election that he hopes to win. His real priority is a socialist agenda for reshaping Britain’s domestic economy. Privately he seems to support Brexit. Publicly his views are a muddle. That doomed his confidence motion, as moderates recoil from his economic agenda and no one trusts him to be an honest broker. Den Rest des Beitrags lesen »

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Britain’s opposition is divided as deeply as the Tories are.

Posted by hkarner - 19. Dezember 2018

Date: 18-12-2018
Source: The Wall Street Journal By The Editorial Board
Subject: Labour’s Brexit Pains

British Labour party leader Jeremy Corbyn delivers a speech at the annual Confederation of British Industry (CBI) Conference in London, Britain, 19 November 2018, (reissued 17 December 2018). Media reports on 17 December 2018 state that Jeremy Corbyn said he would table a motion of no confidence in the British Prime Minister Thersa May for delaying the Meaningful Vote. Theresa May has told Parliament the British Memebers of Parliament will vote on Britain’s Brexit deal in the week beginning 14 January 2019 after it was withdrawn of 11 December 2018. Labour to table a motion of no confidence in the British Prime Minister Thersa May, London, United Kingdom – 19 Nov 2018

Britain’s ruling Conservative Party suffered a nervous breakdown over Brexit last week, and now it’s the opposition Labour Party’s turn. Leader Jeremy Corbyn, backbench members of Parliament and the party’s grassroots are at odds over strategy and tactics in ways that complicate Britain’s path to a Brexit solution. Den Rest des Beitrags lesen »

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‚We Can’t Stop Brexit‘

Posted by hkarner - 10. November 2018

SPIEGEL ONLINE
11/09/2018 06:00 PM

Interview with Labour Leader Jeremy Corbyn

Interview Conducted by

Labour leader Jeremy Corbyn believes that politics have left young people behind. In an interview with DER SPIEGEL, he speaks about Brexit, the crisis of social democracy in Europe and the uphill battle to unite his party.

The man upon whom the hopes of young men and women in Britain rest enjoys taking pictures of drain covers and making jam. He wears baggy blazers and, when necessary, smuggles English cheese into his Mexican vacation lodgings. In other words, he leads the averagely eccentric lifestyle of your standard British retiree.

Except that Jeremy Corbyn, 69, has his sights set on becoming the next prime minister of the United Kingdom. Ever since the man from the London borough of Islington became the surprise Labour leader in 2015, the party has been experiencing an unprecedented boom. Not unlike Bernie Sanders in the United States, Corbyn’s decidedly socialist and pacifist positions have been received enthusiastically by mostly young voters. With its 540,000 members, Labour is now the largest political party in the European Union. In the 2017 election, it received 40 percent of the vote, despite significant attacks on the party from the British media and a bitter internal battle. Since then, left-wing and social democratic parties from across Europe have been making pilgrimages to London to learn the secret to Corbyn’s unlikely success. Den Rest des Beitrags lesen »

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Posted by hkarner - 27. September 2018

Date: 26-09-2018
Source: The Guardian
Subject: Corbyn vows to end ‚greed-is-good‘ capitalism in UK

In conference speech Labour leader to lay out plans to change direction of economy

Jeremy Corbyn will on Wednesday attack the “greed-is-good” capitalism that he claims has resulted in large swaths of the UK being left behind, promising a raft of new policies including a “green jobs revolution” that will create 400,000 new positions.

The Labour leader will attempt to reset the theme of the Labour conference which has so far been dominated by deep divisions over its Brexit stance and return to his core argument about the failure of the broken economic system.

Corbyn will use his main conference speech to set out his plans to change the direction of the economy, following a week in which his shadow chancellor, John McDonnell, laid out a series of redistributive policies.

The Labour leader will say: “Ten years ago this month, the whole edifice of greed-is-good, deregulated financial capitalism, lauded for a generation as the only way to run a modern economy, came crashing to earth, with devastating consequences.”

”But instead of making essential changes to a broken economic system, the political and corporate establishment strained every sinew to bail out and prop up the system that led to the crash in the first place.

“People in this country know – they showed that in June last year – that the old way of running things isn’t working any more. That’s why Labour is offering a radical plan to rebuild and transform Britain.” Den Rest des Beitrags lesen »

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How Democracy Ends by David Runciman review – what Trump and Corbyn have in common

Posted by hkarner - 25. Juni 2018

Date: 24-06-2018
Source: The Guardian

A wonderful, contrarian book captures Twitter-era politics and the danger of allowing democracy to be eroded from within

After Greece’s 2015 referendum, ‘some have argued the government caved in the face of what amounted to a silent coup’.

“Democracy dies in darkness” runs the slogan on the Washington Post masthead, but if democracy really is dying around us, its demise has never been so loudly heralded nor so brightly lit. Even before Donald Trump’s emergence as a presidential candidate, it was clear that the global trend away from authoritarian regimes to democratic ones had slowed down; his rise was accompanied by a barrage of authors’ warnings that we are heading back into the 1930s. Never have the last days of Weimar seemed so worthy of study. Historians have developed a nice sideline in self-help manuals for a life of underground resistance to tyranny.

David Runciman’s bracingly intelligent new book is both a contribution to this debate and a refutation of it. How Democracy Ends shares the widespread sense that representative democracy is not doing well, but argues powerfully against screaming fascism at every turn. History, as Runciman states at the outset, does not repeat itself. The challenge he sets himself is to use the past to see what has happened to democracy today, in particular to diagnose its ailments, without assuming that the only alternative is the one imprinted on our collective memory.

The most successful democratic politicians are the ones who try to turn parties into social movements Den Rest des Beitrags lesen »

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