Category Archives: Corporate political nexus

Post-PMQs: surely the views of over 100 distinguished Jewish signatories outweigh those of 60 assorted Labour Lords

In an unsuccessful effort to deflect attention from Mr Corbyn’s questions about climate change during today’s PMQs, Theresa May forcefully – even maliciously – demanded an apology for his ‘failure to deal with anti-semitism within the Labour party’.

The following snapshots were taken as they spoke.

She referred to a full page advertisement in the Guardian paid for by 60 ‘distinguished’ Labour peers, attacking Jeremy Corbyn over anti-Semitism – as reported in the Murdoch Press.

Watch the exchange by clicking on this link (6 mins) and note the difference in demeanour as Jeremy Corbyn – impressively cool under fire – sets the record straight and tenaciously continues to challenge the government on the contrast between its rhetoric and its actions on climate change.

This welcome financial windfall for the Guardian, which occupies several inches of space after every online article asking for donations, recalls its withdrawal – after a communication from the Jewish Board of Deputies – of a previously published letter supporting Labour loyalist MP, Chris Williamson. It had over 100 Jewish signatories – many of whom evidently deserve to be described as distinguished.

The list of these signatories and their affiliations has, however, been saved by people who are beginning to expect this sort of mainstream skulduggery and may be seen here.

As the ‘censored’ Guardian letter said, such attacks on Jeremy Corbyn’s supporters aim to undermine the Labour party’s leadership, but – we add – they can rebound on the perpetrators.

 

 

 

 

o

 

Media 99: Anti-semitism campaign a fabrication – Norman Finkelstein charges the British elite & its media

Richard House has drawn attention to the latest Media Lens report: ‘Suspending Chris Williamson – The Fury And The Fakery’ – which includes a comment in a forceful and eloquent video by American political scientist, activist, professor and author, Norman Finkelstein (right), whose mother survived the Warsaw Ghetto, the Majdanek concentration camp and two slave labour camps and whose father was a survivor of the Warsaw Ghetto and the Auschwitz concentration camp. He writes:

‘Corbyn . . . did not present a threat only to Israel and Israel’s supporters, he posed a threat to the whole British elite. Across the board, from the Guardian to the Daily Mail, they all joined in the new anti-semitism campaign . . . this whole completely contrived, fabricated, absurd and obscene assault on this alleged Labour anti-semitism, of which there is exactly zero evidence, zero.’ 

Media Lens points out that more than 150 Labour MPs and peers – the “infamously pro-war, Blairite section of the party have added to the propaganda blitz by protesting against the decision to readmit Williamson in a statement led by the bitterly anti-Corbyn deputy leader Tom Watson”. 

A recent blog on the Jewish Voices for Labour site also stated that a “hostile, personal campaign is being waged against Chris, who is a hard-working and diligent MP with great standing in his constituency and a strong record of anti-racist campaigning”.

It adds: “This country stands in desperate need of a Labour government under Jeremy Corbyn’s leadership, aiming to unite people around protection and promotion of hard won rights and services, the party needs the dedication and principled commitment of Chris Williamson and others like him”.

In 2018, Noam Chomsky commented on this campaign: ‘The charges of anti-Semitism against Corbyn are without merit, an underhanded contribution to the disgraceful efforts to fend off the threat that a political party might emerge that is led by an admirable and decent human being, a party that is actually committed to the interests and just demands of its popular constituency and the great majority of the population generally, while also authentically concerned with the rights of suffering and oppressed people throughout the world. Plainly an intolerable threat to order.’ (Chomsky, email to Media Lens, 9 September 2018).

He commented on these issues again this month in correspondence with journalist Matt Kennard:

‘The way charges of anti-Semitism are being used in Britain to undermine the Corbyn-led Labour Party is not only a disgrace, but also – to put it simply – an insult to the memory of the victims of the Holocaust. The charges against Chris Williamson (right) are a case in point. There is nothing even remotely anti-Semitic in his statement that Labour has “given too much ground” and “been too apologetic” in defending its record of addressing “the scourge of anti-Semitism” beyond that of any other party, as he himself had done, on public platforms and in the streets.’

Media Lens’ challenging conclusion asks what sanction the Labour Party should put on those politicians who personally voted to authorise illegal British and US wars in countries like Afghanistan, Iraq, Libya and Syria – acts which did not merely offend but killed, maimed and displaced millions of people, bringing whole countries to their knees.

 

 

 

0

Brussels, full time post: help CEO to tackle corporate power

Corporate Europe Observatory is looking for a new press officer

Full-time post available

Corporate Europe Observatory is looking for a new press officer.

It would be full-time and based in their Brussels office, helping CEO to tackle corporate power.

Full details can be found here: https://corporateeurope.org/en/2019/06/vacancy-press-officer-fmx

Please spread this message in your networks and flag it to anyone you think might be interested.

 

 

 

o

A Corbyn government will need support from openly selected MPs and a mass members’ movement to bring about beneficial change

An editorial by Ben Chacko opens with a reference to civil servants apparently briefing the press against Labour leader Jeremy Corbyn – a further sign of the strain a truly radical opposition is putting on our political system.

As many are aware, those in power have been waging a vigorous and largely untruthful campaign against Corbyn ever since he became leader.

Chacko (right) predicts that this will intensify if he enters office:

“Labour’s radical programme will face parliamentary sabotage, which is why open selection of Labour MPs to improve the character of the parliamentary party is essential.

“It will face legal challenges from corporations with bottomless wallets, institutional interference from the judiciary and the EU if we haven’t left the latter, economic warfare, meddling by foreign powers such as the United States, perhaps even the military putsch mooted in 2015”.

John McDonnell has often said that when Labour goes into office we will all go into office – and Chacko stresses:

“We need to build a mass movement of trade unions, campaign groups such as the People’s Assembly and community organisations fighting for change in every workplace, every town hall and every high street to make those words a reality”.

Only by building up united and determined pressure ‘from below’ will the political-corporate grip on power be broken.

Read the Chacko editorial here.

 

 

 

o

FT highlights corporate financial rewards for MPs, April 2018-April 2019

In 2009 this site was set up to report on the distortion of policy-making by those on ‘an inside track, largely drawn from the corporate world, who wield privileged access and disproportionate influence’ according to a 2009 report by the Parliamentary Public Administration Select Committee [PASC].

Tactics covered, such as the ‘revolving door, rewards for failure, widespread behind-the-scene lobbying and party funding, continue to block effective action addressing the social, environmental and economic challenges facing this country.

It became common knowledge, with the growth of social media, that those on the ‘inside track’ are skewing parliamentary decision-making and revelations of this corruption are now accepted as the norm. Therefore, after December 14th 2013, individual examples of this practice were no longer listed.

Today, award-winning journalist Owen Walker has once again highlighted the close relationships between politicians and investment fund managers

Mr Walker is a commissioning editor for the Financial Times, selecting and commissioning writers to write specific articles. He has previously edited specialist FT publications on corporate governance, retail investment and pension scheme management. Barbarians in the Boardroom, his book on activist investors, was published in June.

They bring stardust – really?

Last May, Owen Walker (right) quoted David Pitt-Watson’s explanation. This visiting professor of finance at Cambridge Judge Business School said that much of the appeal of recruiting former politicians is the stardust they bring.

He also pointed out the down-side: “If you take up demanding roles in addition to being an MP, your constituents are going to be asking ‘do you not already have a full-time job?’ “

Insuring against loss of office is nothing new; Mr Walker notes that every UK chancellor since 1983 has taken up a position in investment management after leaving the Treasury, giving names and dates.

In today’s article he records that asset/investment managers paid MPs at least £126,000 in speaker fees, thousands of pounds’ worth of hospitality and more than £110,000 for advice during the year April 2018-April 2019. Readers may read names and amounts by clicking on the link above.

 

 

And now it’s 2019 – time for change!

 

 

 

 

o

Emma: is interrupting parliament really worse than failing to act on climate change?

‘ 

In December Extinction Rebellion wrote to BBC Director General Tony Hall detailing an eight-point plan of how it could play a pivotal role in the transformation to face the climate and ecological crisis:

“We issued a plea to BBC bosses to live up to their role as public service broadcasters by fully informing the public of the existential threat faced by the human race unless urgent action is taken to reduce carbon emissions” commented Sophie May from Extinction Rebellion.

On Monday April 1st, XR launched a campaign to discover whether BBC staff feel their organisation is telling the truth about the dangers from accelerating global climate breakdown. An Extinction Rebellion team visited BBC Broadcasting House in London to conduct a BBC Staff Survey – putting a series of searching questions to BBC staff on their lunch and coffee breaks.

In the evening, during the debate on the second stage of the Brexit alternatives, Extinction Rebellion activists stood semi-naked in the House of Commons public gallery to call attention to the ‘elephant in the room’ – climate and ecological crisis.”

In what may be an incomplete recording – though James politely said that he hoped the BBC would report climate changes issues more prominently the BBC Radio 5 Live interviewer, Emma Barnett (right), firmly focussed only on the protestors’ actions and not the crisis which prompted them.

James Dean from Extinction Rebellion explained that a dramatic gesture was needed because the government had ‘stuffed itself up with Brexit’ and was not dealing with more important issues which need emergency action now.

He briefly and calmly outlined ‘the awful and dangerous’ future awaiting us all unless every possible action to avert climate change is taken – referring to the increasing incidence of floods, wildfires and storms,

2018: wildfires in Australia and the United States

Emma was not distracted: she charged the protestors with a huge breach of security and risk to MPs – saying that it would be more difficult for people to visit parliament in future.

James replied that this sort of action was nothing new and cited the suffragettes, who finally achieved their ends and whose drastic actions are now admired.

Emma failed to respond to the references to climate change and once again said their action was a serious breach of security: “How can you defend that when we are being told to be careful, not to go out alone etc”.

James ended by saying that they had used a minimum disruption to make their point :

“We know that what is to come will be far worse than putting off a few hours of politicians’ discussions.”

 

 

 

 

o

Broken Britain 21: our divided society

Aditya Chakrabortty focusses on the ‘vast disconnect between elite authority and lived experience, central to what’s broken in Britain today’ – the ‘gap’ which widened as independent working class self-help initiatives were replaced by the ‘hand of the state’ (Mount) creating ’a new feudalism’ and from two searing analyses of our divided society (Jones).

He asks:

  • “Why is a stalemate among 650 MPs a matter for such concern, yet the slow, grinding extinction of mining communities and light-industrial suburbsis passed over in silence?
  • “Why does May’s wretched career cover the first 16 pages of a Sunday paper while a Torbay woman told by her council that she can “manage being homeless”, and even sleeping rough, is granted a few inches downpage in a few of the worthies?”
  • Is “the death sentence handed to stretches of the country and the vindictive spending cuts imposed by the former chancellor George Osborne, a large part of why Britain voted for Brexit in the first place?”

He continues:

“We have economic policymakers who can’t grasp how the economy has changed, elected politicians who share hardly anything in common with their own voters . . . Over a decade from the banking crash, the failings of our economic policymaking need little elaboration. the basic language of economic policy makes less and less sense.

“Growth no longer brings prosperity; you can work your socks off and still not earn a living. Yet still councils and governments across the UK will spend billions on rail lines, and use taxpayers’ money to bribe passing billionaire investors, all in the name of growth and jobs.”

A University College London study published last year shows that  the parliamentary Labour party became more “careerist” under Tony Blair – and also grew increasingly fond of slashing welfare. Social security was not something that ‘professionalised MPs’ or their circle had ever had to rely on, so ‘why not attack scroungers and win a few swing voters?’

The trend continues: Channel 4 News found that over half of the MPs elected in 2017 had come from backgrounds in politics, law, or business and finance and more came from finance alone than from social work, the military, engineering and farming put together.

This narrowing has a direct influence on our law-making and political class and Chakrabortty comments: “We now have economic policymakers who can’t grasp how the economy has changed, elected politicians who share hardly anything in common with their own voters”.

He concludes that this is what a real democratic crisis looks like: failed policies forced down the throats of a public. Institution after institution failing to legislate, reflect or report on the very people who pay for them to exist. And until it is acknowledged, Britain will be stuck, seething with resentment, in a political quagmire.

 

 

 

o

Media 97: An inconvenient truth? A Dutch reader notes UK’s ZERO coverage of 40,000 climate change demo in Amsterdam

She writes: “*zero* coverage in the UK over climate demo Sunday 10th in Amsterdam?! 40,000 people at climate change demo in Amsterdam and it RAINED heavily all day … we got soaked to our underwear …)!!”

An online search today saw no UK coverage on the first four ‘result’ pages – only American and European coverage.

Adding wryly: “When 40 yellow vests get together it’s shared all over the planet…

Forty thousand people joined a climate change protest in Amsterdam on Sunday, March 10th, urging the Dutch government to take action on climate change.

The demonstration, the first of its kind in the Netherlands, drew around 40,000 people despite heavy rain, according to Agence France-Presse.

“The high turnout is the proof that people now want a decisive policy on climate from the government,” Greenpeace, one of the march organizers, said in a statement.

The Netherlands could be especially vulnerable to the rising tides brought on by climate change. Much of the country already sits below sea level, and some of its land is sinking.

While the U.S. has been backpedalling out of global climate change agreements like the Paris accord, Dutch lawmakers have passed ambitious climate change laws, seeking a 95% reduction of the 1990 emissions levels by 2050.

In January, however, a Dutch environmental research agency said the government is lagging behind its goals. “We are under sea level, so we really need to do something about it,” said a 21-year-old climate studies student at Amsterdam University.

Students around the world have been leading protests to prompt their governments to address climate change. A worldwide school strike is planned for later this week. Greta Thunberg, a Swedish teenager widely known for her climate change activism, said on Twitter that at least 82 countries plan to participate in the upcoming protest.

Will British media fail to report the forthcoming school strikes as well as this one?

 

 

 

 

o

 

FT: Help to Buy is ‘a state-sponsored taxpayer exploitation machine building a legacy of misery’

This eye-catching headline was placed above an article by Merryn Somerset Webb, editor-in-chief of MoneyWeek, in the Financial Times. She pointed out that Help to Buy (H2B) has been a huge boost to the housebuilding sector, as only new-build homes are eligible under this scheme, keeping it going through the years following the financial crisis.

Kate Davies, executive director of Intermediary Mortgage Lenders Association says Help to Buy is now “a cornerstone of the UK property market”.

Ms Somerset Webb points out that the main beneficiaries have been the big developers who have been provided with “an almost endless source of state financed, captured and slightly desperate buyers”. Jules Birch (Inside Housing), writing in similar vein, points out that housebuilding output has increased, but not ‘remotely as much as profits, bonuses and dividends’.

She comments that H2B hasn’t helped the smaller players much, as ‘hordes of them’ had already gone down with the market in 2008-9 and then records these relevant facts:

  • Two hundred thousand people in the UK have now bought houses using former chancellor George Osborne’s Help to Buy equity loan scheme, paying the average 16% new-build premium.
  • The taxpayer has lent those people £10bn, an average of £55,000 each . . . ‘a special kind of quantitative easing just for them’.
  • The maximum you can borrow from the taxpayer is 20% of the purchase price cap of £600,000 in most of the UK and 40% of the cap in London — £120,000 and £240,000 respectively.
  • Research suggests that Help to Buy purchasers pay 5 to 8% more than ordinary buyers of newbuilds, allowing the builders to increase their prices.
  • 18% of Help to Buy house sales in early 2017 were leasehold properties with escalating ground rents.
  • Half of Persimmon sales are H2B; their pre-tax profits have just passed £1bn.

Writing in the LSE journal, two senior Cambridge academics confirm that the main beneficiaries are large house-builders

In their report: Helping or Hindering? The latest on Help to Buy, they conclude that Help to Buy has had ‘regressive distributional consequences’. They quote ‘one executive’ in the FT who claimed that the scheme had allowed him to raise selling prices by 10%, which would almost double the profit margin for most builders. The market agreed: when rumours circulated on 4 August 2017 that H2B might be withdrawn, £1.3 billion was wiped off the stock market value of the five biggest builders within 90 minutes.

They also present some of the findings by Resolution Foundation research, which suggest that about 35% of H2B recipients could have bought a home without the subsidy:

“Those who have purchased a property with an HTB equity loan have an income significantly higher than the median – indeed, 40% of HTB loans have gone to those with annual incomes of £50,000-plus. Unsurprisingly, DCLG’s own assessment of the policy suggests that 35% of HTB recipients could have bought a home in the absence of the subsidy”. 

 

 

 

o

Government faces a judicial review about short-changing 1950s women

In an earlier post Political Concern reported that 2.6 million women born in the 1950s will ‘lose out’ because of changes to pension law: “while corporations and the richest individuals receive tax breaks.

“Governments are balancing budgets on the backs of the poor”- (lawyer/novelist John Grisham)

Waspi, a UK-wide organisation with many local groups, is campaigning against the way in which the state pension age for men and women was equalised, whilst supporting the principle of equality.

One, the Chorley Supporters Group, is denouncing the government who arbitrarily told them to work for several extra years before they can claim their state pensions, causing them to lose income and peace of mind and obliging many to continue to work at a time of life when caring duties increase and energy levels start to fall. Read more in the Lancashire Evening Post.

Writing to the Financial Times they say: “It is about time the spotlight was turned on this government, which has effectively stolen the security net of millions of women by raising the state pension age far quicker than planned, with no personal notification”.

On the BBC’s World at One programme one of many testimonies was given:

Stella Taylor: “I was born in 1955, I had worked all of my life and, when I became unwell at just about the age of 58 I then discovered, quite accidentally, that my State Pension, which I was expecting to receive at 60, had been moved six whole years to sixty-six. And, like so many women in this movement, we were just aghast. We thought there must be a mistake. Had I received my pension at sixty, when I had expected to, I wouldn’t have been wealthy by anybody’s standards, but I wouldn’t have been in the depths of poverty that I now am. At the moment, because I am still unable to work due to ill health, I receive seventy three pounds and ten pence per week in Employment Support Allowance. Living, and paying all your household bills, out of that £73 a week is impossible. There are times when I have needed to use my local food bank because I haven’t been able to afford groceries.” More testimonies here. 

On February 10ththe BBC reported the warning of Amber Rudd, the pensions secretary, which should be extended to her own department:

”If you chronically mismanage a pension scheme . . . we’re coming for you.”

After pointing out that a freedom of information request has revealed recent research findings that the government reneged on their contributions to the national insurance fund over many years and redirected that money towards paying off the national debt, the Chorley Supporters Group asks:

“How government can expect other public or private institutions in this country to play fair with pension funds when it is not doing so itself”.

On February 11th, the government published a research briefing on the legislation increasing the State Pension age for women born in the 1950s. up

This unexpected rise in the state pension age will now “save” the Treasury an estimated £8bn by impoverishing 1950s women.

MP Grahame Morris pointed out that the Labour Party, Liberal Democrats, SNP, Plaid Cymru, the DUP and 50 Conservative MPs support the Waspi campaign.

He added that Landman Economics’ report gives the figure of £8bn savings to government and suggests that this sum should be seen in the wider context of current or planned government finance. Some examples follow: (Ed: links added):

FT Adviser reports that SNP MP Mhairi Black earlier pointed out that the National Insurance Fund is projected to have a substantial surplus at the end of 2017 to 2018 and the HMRC’s report confirms that the National Insurance Fund balance at 31 March 2018 was £24.2 billion and is expected to increase in the following year.

Morris ends: “In this context, finding the money for Waspi women seems a sensible price to pay to give these women justice . . . We know and we can see that it isn’t equal, it isn’t fair and it isn’t justifiable – it’s driving down the incomes and the quality of life of countless women”.

Next June the government faces a judicial review in the High Court to determine whether these recent increases to women’s state pension age are lawful and the Chorley Supporters Group, Chrissie Fuller, Jane Morwood, Betty Ann Tucker, Riley Ann Rochester, Beverley Cordwell, Lea Butler and Lesley Kirkham end by warning that they will not rest until justice is done.

 

 

o