Latest editorial
THE government’s sale of a 7.7 per cent stake in the Royal Bank of Scotland was condemned yesterday by the bank staff’s union Unite.
UK Government Investments confirmed the sell-off on Monday, reducing the public holding in the bank to 62.4 per cent.
Unite national officer Rob MacGregor said that the sale — at a loss of £2 billion in the value of shares bought by the British taxpayer in the bank’s 2008 bailout — is “a betrayal of public finances.”
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE
Exempting military expenditure from austerity while slashing welfare represents a fundamental misallocation of resources that guarantees continued decline, argues MICHAEL BURKE
SOLOMON HUGHES details how the firm has quickly moved on to buttering-up Labour MPs after the fall of the Tories so it can continue to ‘win both ways’ collecting public and private cash by undermining the NHS
Our groundbreaking report reveals how private rail companies are bleeding millions from public coffers through exploitative leasing practices — but we have the solutions, writes Aslef Scottish organiser KEVIN LINDSAY