Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Labour’

Jeremy Corbyn is increasingly isolated in his own party

Posted by hkarner - 1. Juni 2019

Date: 30-05-2019
Source: The Economist: Bagehot

The leader of the Labour Party is in his weakest position yet

H.l. mencken is said to have defined a politician as “an animal that can sit on the fence and yet keep both ears on the ground”. By that definition Jeremy Corbyn is failing in his vocation. The European elections bulldozed Mr Corbyn’s fence by giving the Labour Party just 14% of the vote in the country as a whole and 9% in its former stronghold of Scotland. They unleashed a furious debate that was ostensibly about the party’s stance on Europe in particular but also about Mr Corbyn’s leadership in general.

Senior figures such as Tom Watson, the deputy leader, and Emily Thornberry, the shadow foreign secretary, were quick to blame Labour’s dismal performance on its refusal to offer wholehearted support for holding a second referendum and staying in the European Union. Others, particularly from the party’s working-class wing, were equally quick to push back. Gloria De Piero, mp for Ashfield, urged her colleagues not to let a single issue—Brexit—“wreck” the party. Len McCluskey, head of the Unite trade union, accused supporters of a second referendum of trying to launch a coup against the leader. Mr Corbyn did his best to rebuild his fence and climb back on it. He promised that “we are ready to support a public vote on any deal”. But he stopped short of offering Remainers what they want: unconditional backing for a second referendum whether or not there is an eu deal on the table, and a firm commitment to turning Labour into a Remain party. Den Rest des Beitrags lesen »

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The brains behind Corbynomics

Posted by hkarner - 12. Mai 2019

Date: 09-05-2019
Source: The Economist

A glut of new think-tanks show the left is at last coming up with new ideas—with help from an unlikely source

The exposed brick walls, the east London venue and the bathtub full of free beer brewed specially for the evening did not point to a think-tank launch. Yet this was how Common Wealth, a new outfit aimed at radically overhauling the ownership of British business, announced itself on April 25th. “All of the energy is on the left in politics at the moment,” cheered Ed Miliband, a former Labour Party leader who sits on its board, to a merry audience.

Common Wealth is only the latest think-tank to have sprung up to cater to the thirst for new ideas on the left. Autonomy, which examines the future of work, started life in mid-2017 and has churned out reports calling for a four-day week that have been hailed by John McDonnell, the shadow chancellor. Other research organisations examining foreign policy and the workings of government from a left-wing perspective are in the works. Democracy Collaborative, a progressive American think-tank, has muscled into the British market. Meanwhile, established outfits such as ippr, which provided the ideological backbone of Blairism, have swerved leftward and called for a comprehensive reshaping of the British economy. Den Rest des Beitrags lesen »

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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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Brexit: Labour braced forshowdown over second referendum

Posted by hkarner - 1. Mai 2019

MPs call on party to support European election manifesto that campaigns for second vote on any Brexit deal

Party sources suggested Labour was likely to agree a compromise option where it would support a referendum in order to prevent Theresa May’s Brexit deal or leaving without a deal, describing that wording as “the path of least resistance”.

However, a public drive for a stronger line has been led by the party’s deputy leader, Tom Watson, who has urged remain-supporting members to write to the national executive committee’s members, including Jeremy Corbyn.

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U.K.’s Political Rifts Deepen as Lawmakers Quit Party Over Anti-Semitism, Brexit

Posted by hkarner - 19. Februar 2019

Date: 18-02-2019
Source: The Wall Street Journal

The schism within the Labour Party echoes divisions also plaguing the ruling Conservative Party

The seven British lawmakers who split from the Labour Party said they would sit in Parliament as a group of independents.

LONDON—A group of British lawmakers quit Britain’s main opposition Labour Party on Monday, a step illustrating how Brexit has exposed rifts in the British political system.

The seven center-left members of Parliament cited a variety of complaints about the party’s left-wing leadership ranging from its toleration of anti-Semitism to what they see as its tacit support of Britain’s break with the European Union.

The defections provide a glimpse of a possible realignment of the British political party system. Other Labour Party lawmakers have said they are considering joining the breakaway group, while the ruling Conservative Party is itself deeply split over Brexit and a minority of lawmakers have also expressed serious dissatisfaction with the way Prime Minister Theresa May is handling Brexit. 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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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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Labour’s creep towards a second referendum creates more uncertainty

Posted by hkarner - 29. September 2018

Date: 27-09-2018
Source: The Economist

The party backs a motion that leaves all options on the table

THE most striking mood-swing at this year’s Labour conference was the growing hostility to Brexit. In place of previous ambivalence, badges screaming “Bollox to Brexit” were everywhere. Fringe meetings were thick with members denouncing a Tory Brexit designed to benefit corporate interests at the expense of workers. And when Sir Keir Starmer, the shadow Brexit secretary, declared that parliamentary deadlock might justify a people’s vote, adding that nobody could say that Remain would not be an option, he received one of the conference’s biggest standing ovations.

Sir Keir claims that the party is united on Brexit, but it is not. A long and much-contested motion, passed at the conference, leaves all options open, including another vote. For all Labour’s pretence at being constructive this week, Sir Keir’s six tests mean that the party is all but certain to oppose any deal Theresa May brings back from Brussels. The party leadership is more Eurosceptic than the membership. It is also more dubious about the idea of a second referendum. Some big trade unions, as well as quite a few Labour MPs, are unhappy being seen to challenge the democratic decision of June 2016. Although polls show rising support for a fresh vote on a Brexit deal (see chart), party leaders fret that calling for it to include a Remain option could drive Leave voters in Labour seats into the Tories’ arms. 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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The machine age is upon us. We must not let it grind society to pieces

Posted by hkarner - 30. Dezember 2017

Date: 29-12-2017
Source: The Guardian by Chuka Umunna

Chuka Umunna, the Labour MP for Streatham, is a former shadow business secretary

What good is glittering technology if it robs us of jobs and rips communities apart? We need to work out how humans will prosper in a world of robots.

We need to talk about work. The new machine age will transform our understanding of it. Work is the way we contribute to society, part of a reciprocal social contract – the giving of our effort and our taking when in need – that holds our society together. We work, we build our society, and we share in its prosperity.

But our social contract around work is broken. Back in the 1980s parts of our country were devastated by de-industrialisation. This wave of globalisation and the first fruits of technological innovation destroyed industrial jobs or exported them to low-wage economies.

The loss of work had a devastating impact. We must never forget the value of work because without it people are denied a sense of dignity and of community. When you lose work, the meaning and purpose of life are taken away from you, and isolation can set in. Research shows you are at greater risk of sickness, substance abuse and other challenges. Families can start breaking apart under the pressure, mental illness rises, and educational achievement collapses. Den Rest des Beitrags lesen »

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