Jeremy Corbyn may be drawing out the youth voters, but new poll suggests millennials could be the new Thatcherites August 26, 2015 Labour leadership hopeful Jeremy Corbyn may be drawing hundreds of young voters to his rallies, but a new poll shows that the hard-left candidate may not have what it takes to bring them to the ballot box at a General Election. Read more: Students are more right-wing than the general public on key economic matters like [...]
No, leading economists are not supporting Labour leadership candidate Jeremy Corbyn’s far-left agenda August 25, 2015 "Jeremy Corbyn wins economists’ backing for radical plan” thundered the Observer’s front page on Sunday. As I meandered around the supermarket, I did a double-take. Would distinguished economists really back printing money to fund government investment, rent controls, widespread renationalisation (in some cases without compensation), a “maximum wage”, huge tax hikes and greater powers for [...]
Jeremy Corbyn ‘could sack Bank of England governor Mark Carney’ if he wins labour leadership and makes it to 10 Downing Street August 25, 2015 Bank of England governor Mark Carney could be out of a job if Jeremy Corbyn becomes Prime Minister, one of Corbyn’s closest advisers has claimed. Tax expert Richard Murphy, who advises the Labour leadership hopeful and is widely credited as the mastermind of so-called Corbynomics, said yesterday that the Bank is beholden to parliament. “Bank of England [...]
Austerity is simply bad economics: It’s the current Conservative government – not Jeremy Corbyn – whose spending policies are extreme August 24, 2015 Republican US presidential candidate and Ohio governor John Kasich recently argued that when he gets to the "pearly gates", what will matter is not how much he cut spending, but how much he helped the poor. Austerity is all about spending cuts, which hurt the poor and the vulnerable. This makes the UK government’s [...]
Jeremy Corbyn backed by anti-austerity lobby August 23, 2015 More than 40 academics and activists, including a former member of the Bank of England’s monetary policy committee (MPC), have signed a public letter supporting hard-left Labour leadership hopeful Jeremy Corbyn. In an attempt to counter mounting criticism that the Islington North MP is too extreme in his views, the signatories, including former MPC [...]
Who’s supporting corbynomics? August 23, 2015 John Ross, Socialist blogger A former economic adviser to Ken Livingstone, Ross was reportedly paid a six-figure salary during Livingstone’s time at City Hall. He now writes on a blog called the Socialist Economic Bulletin, which states that it is published by Livingstone, although his most recent post was back in May after the General [...]
Labour frontrunner Jeremy Corbyn calls current levels of corporate pay “ludicrous” August 23, 2015 In an interview today, Jeremy Corbyn attacked corporate pay and claimed bankers need to wake up to Britain's “gross inequalities”. Speaking to the FT, the Labour frontrunner described the salaries and bonuses out by some businesses as “ludicrous”, and said he is investigating every organisation. I do think the salary level and the bonus [...]
Jeremy Corbyn will apologise for Iraq War on behalf of Labour if he wins leadership contest August 20, 2015 Labour leader frontrunner Jeremy Corbyn has promised to apologise for the Iraq War on behalf of the party if he becomes leader. Corbyn will issue a statement saying sorry for the invasion of Iraq if he wins the battle to succeed Ed Miliband as party leader in the hotly contested race. He told the Guardian: [...]
Jeremy Corbyn’s latest wheeze: Labour leadership front-runner calls for a national maximum wage August 19, 2015 Labour leadership front-runner Jeremy Corbyn has made a radical call for a national maximum wage. “There ought to be a level of a maximum,” Corbyn told The Herald newspaper in Scotland. “Why is it that bankers on massive salaries require bonuses to work while street-cleaners require threats to make them work? “It’s a kind of [...]
Punters cash in on Corbyn win three weeks before ballots close August 19, 2015 The bookies are so convinced Jeremy Corbyn will win the Labour leadership contest, at least one oddsmaker has already made payments to punters. Paddy Power said yesterday it was paying out £100,000 on Corbyn – more than three weeks before ballots are due. A winner in the Labour leadership race is set to be announced [...]