Tag Archives: inequality

Farron: Tackling inequality is my mission for 2016

Tim Farron says that his mission for 2016 is to raise inequality up the political agenda. In a special Christmas message for the Mirror, he says:

From my family, to yours I want to wish readers of the Sunday Mirror a happy, joyous and restful Christmas.

My primary mission politically in 2016 is to raise the issue of inequality up the political agenda.

No-one should go hungry or homeless in Britain. We must have a national crusade to end this scandal. Once and for all.

We have the mission but we must also have the will power to do it.

The values of Christmas – charity, togetherness and compassion must be taken forward and I am committed to doing that.

He also reveals some of what he will be doing over the Festive Season:

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Opinion: Solutions to Inequality: Quakernomics and Economic Justice

  1. Unemployment
  2. Subsistence wages
  3. Hazards to Health
  4. Harm to the environment

These are the four results of unregulated capitalism according to Mike King in Quakernomics. In his book, which I highly commend, he details the history of Quakers in industry and how they modelled an ethical capitalism which served the community. “Quakernomics is the enthusiastic pursuit of economic activity as a social good.” We can always learn from history. In this blog I will explore what lessons gleaned from the Quakers can be applied to economic and social problems today.

The Quakers valued the entrepreneur, but gave equal value to the workers who brought new ideas to fruition. Equality and the worth of every individual were key. Owners and workers were interdependent.

Posted in Op-eds | Also tagged | 43 Comments

Inequality “narrows” due to Liberal Democrat policies

imageAn interesting report (£)  in the Sunday Times yesterday tells how official figures show that the gap between the richest and poorest is narrowing.

While most people have suffered a squeeze on incomes since Britain was plunged into recession six years ago — and only now is the economy getting back to pre-crisis levels — those on lower incomes have done relatively better than those at the top. Households Below Average Income, an official report published last week, showed income inequality, measured after taking into account housing costs, had fallen to

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Opinion: Let’s rid our political economy of inequalities of power

LIBOR-fixing, ineffective banks, corrupt Parliamentarians and the Murdoch press may not appear to have much in common with the fact that median earnings have become decoupled from growth in economic productivity – signifying rewards accumulating to a few at the very top. To my eyes, however, they are all symptoms of the same phenomenon: that the concentration of economic and political power in the hands of a few, hidden from adequate scrutiny and the power to affect change, impinges on our freedom to live lives free from poverty, ignorance and conformity.

To any liberal with a …

Posted in Op-eds | Also tagged | 9 Comments

4 graphs on Thatcher’s legacy: a richer but more unequal nation.

A generation on, the Thatcher legacy continues to provoke and divide. One of the questions it poses for liberals is one this government is still wrestling with: does inequality matter if everyone’s getting richer?

Margaret Thatcher’s answer was that it did not — as she famously illustrated in one of her last Commons performances in response to a question from Simon Hughes:

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Lord Greaves writes…We must do more for wage-earners below income tax threshold

I have tabled an oral question in the Lords to ask the government what measures they will take to ensure that wage-earners who are below the income tax threshold will benefit from any future increases in the personal allowance.

In a little-noticed debate last September the Liberal Democrat conference debated social and economic inequality. Inequality, the conference decided in the obscure language motion-writers use, “is an obstacle to individuals determining their own destinies and reduces aspirations”.

The resolution also, equally clumsily, said that inequality “prevents talent from fulfilling its potential to the detriment of the economy and society”. And, more accessibly, that …

Posted in Op-eds | Also tagged | 23 Comments

Opinion: Monetary policy is political, so where’s the democracy?

We are in extraordinary economic times, which have led to extraordinary measures from the Bank of England in its attempt to help steer us out of the storm. The Bank appears to be terrified at the prospect of deflation and the depressive effect it could have. Not only have base interest rates been pinned to a historical low of 0.5% for well over three years, the Bank has also used Quantitative Easing to pump £325 billion of newly created money into the economy.

We now know more about the effect that QE is having and it should send shivers down the …

Posted in Op-eds | Also tagged , and | 25 Comments
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    Glenn Thank you Mark Thank you Stuart In the memory of many on the BBC of old words come to the fore , "you cannot...
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    I do remember coming back after one of my many trips around the doorsteps of Inverkeithing on one Sunday to run into the smokers outside...
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    Without trying to be harsh we should remember that the majority of these unaccompanied children are males between the age of 16 and 18. Many...
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    I think, David Evans, it's pretty obvious. You are all saying how ridiculous it is to be bothered about this, but I suspect if you...