The proxy war in Ukraine is heading to a denouement with the US and Russia dividing the spoils while the European powers stand bewildered by events they have been wilfully blind to, says KEVIN OVENDEN
The rich funding the rich: seeing through the charade
Driving down living standards is official policy, along with preaching to workers they must not demand better. In fact, only strikes and resistance will restore economic balance, writes MICHAEL BURKE
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THE chief economist for the Bank of England has let the cat out of the bag. Huw Pill (estimated salary £190,000) has told us that we should all accept we are poorer and stop trying to fight for wages that at least match inflation.
This is the official policy, from the government and the central bank — workers and the poor should pay the price for getting the economy out of its crisis. This is their strategy.
In Pill’s words, “What we’re facing now is that reluctance to accept that, yes, we’re all worse off and we all have to take our share; to try and pass that cost onto one of our compatriots and saying: ‘We’ll be all right, but they will have to take our share too’.”
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In his first of a new monthly economics column MICHAEL BURKE argues that public-sector investment is more effective, more productive than private-sector investment
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In a two-pronged attack, the Tories are cutting wages and gutting unions — but we too, have an agenda to reverse all this. Join us to fight back, writes MICHAEL BURKE
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