Tag Archives: kevin rudd

Daily View 2×2: 1 November 2009

It’s Sunday. It’s 7am. And we’ve got the definitive musical proof that Australian Premier Kevin Rudd is not US President Barack Obama. But first, the news.

2 Big Stories

Government to set up bank chains
Done well, this could be rather good news. A bit more competition in the banking sector could improve service, reduce costs and – by undermining some of the basis for massive bank profits – indirectly help deal with massive bonus payments:

Three new High Street banking chains are to be created by the government by 2015 as part of a major overhaul.

They will be set up by breaking up Royal Bank of Scotland, Lloyds and Northern Rock, the banks it partially or wholly controls after bail-outs…

The aim of the new banks is to increase competition and recoup taxpayers’ cash.

The government, which holds a 70% stake in RBS and a 43% stake in Lloyds after last October’s bailouts, hopes to announce the sell-off plans on Tuesday.

The new banks will be standard retail banks concentrating on deposits and mortgages.

They will be sold to new entrants to the banking market and not to existing financial institutions. (BBC)

Posted in Daily View | Also tagged , , and | 11 Comments

How to defeat a long-serving government: lessons from Australia

Cross-posted from The Wardman Wire:

Politics doesn’t just happen in the US

Australian politics should be a fertile learning ground for those interested in British politics. Whilst it does not have the West Wing glamorous scale of US politics, it shares the US advantage of a common language – which makes access to political information much easier than for other countries. Moreover, unlike the USA, it has the mundane – but vital – importance of having a political system that in core elements is the same as Britain (two houses of Parliament, leader of the largest party in the lower house gets to be Prime Minister, no elected person more senior than the Prime Minister).

Both Australia and the US have had a long period of right-wing political dominance (Liberals and Republicans respectively), during which time the right seemed to have largely shifted the terms of political debate, come to dominate the vocabulary of issues and seen off an opposition that was often split between those who urged moderation and the centre ground as the sensible response to defeat and those who saw that very moderation as timidity and the cause of repeated defeat.

In both cases, the right finally lost – John McCain in 2008, Australian PM John Howard in 2007. But whilst lessons from the previous Democrat defeats and then Obama’s victory in 2008 have been commonly discussed in the UK, Australian politics does not get much of a look-in, although former Labour Cabinet Minister Alan Milburn was a key advisor during the 2007 Australian election. What are we missing by failing to look more often to Australia?

Posted in Books and Op-eds | Also tagged , and | 3 Comments
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  • User AvatarGlenn 3rd Apr - 8:17am
    Matt We're not going to agree. We've trashed the economy, wrecked businesses, stamped on liberty, tried to stem one health problem by creating others and...
  • User AvatarJoseph Bourke 3rd Apr - 12:05am
    Michael BG, you ask "do you think that the deferred demand which I estimate at 11.5% of the GDP will not become real demand in...
  • User AvatarDavid Warren 2nd Apr - 11:34pm
    Michael O'Halloran's selected in Islington for the 1969 byelection was controversial and he was not often heard in the chamber of the House Of Commons...
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    Thomas Hague: Slightly embarrassed to admit, as always, I hadn't thought in half measures... perhaps Thomas Hague is onto the right track. Put it off...
  • User Avatarmatt 2nd Apr - 11:10pm
    @Glenn I just watched coronavirus into the red zone on sky one and it is pretty harrowing, to say the least. Filmed in Italy and...
  • User AvatarMichael BG 2nd Apr - 11:01pm
    Joe Bourke, Here are some more quotations from the page you provided the link to: “Technically speaking, aggregate demand only equals GDP in the long...
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