The Real Deal

8th May, 2010.

My latest Huff Post blog

Britain’s political elites are doing deals this weekend, trying to form a government. Gingerly making their way across the shifting tectonic plates of public opinion; wary of being tripped up again by voters.

For, let’s face it, the British electorate are no fools.

As the governor of the Bank of England apparently warned last week, they are mad as hell. Austerity measures will not be tolerated, and will keep any governing party out of power for a generation .

So there is a lot to lose. Continue reading… ›

Why I want to be a Labour candidate

17th January, 2009.

This was posted on the Compass site on the 16th January.

I am shortlisted for the North West Durham Parliamentary Selection. A less likely candidate you would be hard pressed to find. I am not a local big wig and did not grow up in the constituency. I don’t have the backing of big hitters – either in the party, or in the unions. Nor am I a youthful 25-year-old, ambitious for power. No, I am far more ambitious than that.

I want the people (especially the young people) of North West Durham to have a sound and stable future. I want Britain to learn from the catastrophic debacle of the financial crisis, and ensure it never happens again. The hopes, aspirations, health, jobs, businesses and climate of Britain must not be sacrificed to pay for economic failure engineered by a small elite in the City of London.

Continue reading… ›

Why the bail-out would not work… on BBC News Online

Monday, 29 September, 2008.

Is Warren Buffett right? If this bail-out had been passed by congress, would it have halted the meltdown?

I don’t believe so. Here’s why…

Continue reading… ›

New Labour lags behind the times

The Guardian reports today that one of Tony Blair’s key allies, Phil Collins, has bravely attacked Labour’s weakened leader. Collins singles out Old Labour’s ‘faith in the ‘benign’ power of the central state’ and suggests that Ed Balls’ policies for children will set the party on a path to tragedy.

When the most ardent of ‘invisible hand’ ideologues are cheering on the bail-out of Britain’s private financial sector by the “central state” (i.e. the nationalised, albeit nominally independent, Bank of England) Collins argues that “‘the only hope for the party is to excavate its liberal treasure’.

Tell that to Sir Fred Goodwin at RBS or to Ron Sandler at Northern Rock – or indeed to their depositers – all of whom have benefitted fromabout £150 bn of taxpayer-backed largesse provided by the Old Lady of Threadneedle St.