Soaring corporate profits were the largest contributor to Europe’s inflation, IMF admits

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https://leftfootforward.org/2023/06/soaring-corporate-profits-were-the-largest-contributor-to-europes-inflation-imf-admits/

It’s not pay rises for ordinary workers that are fuelling the rise in inflation, it is corporate profiteering.

Image of cash and pre-payment meter key
Image of cash and pre-payment meter key

We’ve so often heard calls for hard-pressed public sector workers to show ‘pay restraint’, so that we can combat inflation. Indeed, the Governor of the Bank of England, Andrew Bailey, previously provoked outrage when he said workers should not ask for big pay rises.

Even in recent days, Prime Minister Rishi Sunak has hinted that he is unlikely to accept the recommendations made by public sector pay bodies for pay rises for public sector workers, including teachers and health service staff, in an attempt to tackle soaring inflation.

Millions of public sector workers who are struggling to make ends meet are expected to just put up with dwindling pay packets. And yet very little is said about the eye-watering corporate profits among those at the top that are driving inflation, with the Tories and right-wing press determined to keep the focus on those at the bottom and hard-pressed families.

Let’s be clear. It’s not pay rises for ordinary workers that are fuelling the rise in inflation, it is corporate profiteering.

https://leftfootforward.org/2023/06/soaring-corporate-profits-were-the-largest-contributor-to-europes-inflation-imf-admits/

Continue ReadingSoaring corporate profits were the largest contributor to Europe’s inflation, IMF admits

Left Foot Forward

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Catching up with articles published by Left Foot Forward, an excellent UK political blog.

Government caved to wealthy landowner lobbying in U-turn on public path access

Thérèse Coffey gave landowners what they wanted, putting at risk public access to thousands of miles of historic paths

Public access to thousands of miles of historic paths in England could be lost due to a government U-turn, following successful lobbying by wealthy landowners.

An investigation by openDemocracy found Environment Secretary, Thérèse Coffey, U-turned on a government commitment to remove restrictions on registering a claim to protect lost paths in England, after receiving a letter from landowners.

Via a freedom of information request, openDemocracy revealed that Thérèse Coffey’s U-turn came after a request was made by the Country Land and Business Association (CLA), who represent owners of rural land, property and business.

The letter expressed ‘concerns’ about the complete removal of the cut-off date due to land managers ‘uncertainty’ over what they referred to as, ‘frivolous claims of historic rights on their land holdings’.

The letter then asks the MP to consider a new deadline of 2031, shortly followed by Coffey announcing the government U-turn, which appeased the landowners request. It seems it didn’t take much to sway the minister in the interests of the wealthy, at the expense of the general public.

Labour has failed to stand against the Tories’ attack on the right to protest

Image of Keir Starmer sucking up to the rich and powerful at the World Economic Forum, Davos
Image of Keir Starmer sucking up to the rich and powerful at the World Economic Forum, Davos

Green Party peer Jenny Jones gives her account of the parliamentary battles over the Tories’ protest laws

Last night, the Labour Party made a disastrous misjudgement that will impact on hundreds of thousands of people attempting to protest and exercise their democratic rights in the coming years. By failing to support my Fatal Motion that would have stopped serious disruption being defined as anything “more than minor” Labour have managed to alienate lots of their natural supporters. 

Many of the 64,000 people who signed the petition asking them to act like an opposition, are now wondering why Labour let them down and why the media don’t report this stuff?

Perhaps Labour felt that they could sit this one out and no one would really care. After all, political journalists and media organisations like the BBC very rarely report on anything that isn’t a Blue/Red clash. So many issues and viewpoints are excluded simply because they don’t fit this cosy Blue/Red duopoly. The narrative was that if Labour wasn’t backing the Fatal Motion then it wasn’t worth reporting on and all my attempts to generate coverage were met with silence, with the honourable exception of James O’Brien on LBC and the Guardian.

What Labour under estimated is the power of social media and influential commentators like Carol Vorderman and Marina Purkiss. The Vlogger, Peter Stefanovic reached over a million people with his first video outlining what was going on. He explained the constitutional issues in a way that the BBC’s one attempt at coverage failed completely to understand, as our state media bought the government narrative that this was a law aimed at Just Stop Oil.

Meanwhile, Labour’s regret motion, a loud tut tut in parliamentary terms, led to a Daily Mail front page attacking them for supporting Just Stop Oil. The result is that many voters see them as a pointless and feeble opposition, while the government label them as on the side of disruption.

 Left Foot Forward News

Post-Brexit border charges will further increase food prices, industry leaders warn

The Government has made clear its intention to implement full border checks on food imports from this October.

There could be further increases in food prices yet, even after UK food and drink price inflation hit a 45-year record of 19.2 per cent in March, as a result of new border checks caused by Brexit.

It comes after the UK government this week published proposals to charge a flat-rate inspection fee of up to £43 on each consignment of food coming from the EU.

The decision to impose full border checks on food imports from the bloc, will hit smaller firms harder, industry leaders have warned.

Shane Brennan, the director of the Cold Chain Federation, told the Financial Times that the proposals made little sense, especially given that the government was actively discussing imposing price controls on UK supermarkets to keep down the cost of food.

He said: “It is crazy that one week the government is holding a crisis meeting in Downing Street to discuss out-of-control food inflation and the next is willing to nod through a multimillion new import tax on EU food imports.”

Former Eton Master admits ‘failure’ in educating ‘entitled’ Tories

Image of Oxford's Bullingdon Club including Boris Johnson
Oxford’s Bullingdon Club including Boris Johnson

‘They have harmed the ‘very fabric of the country’.

Finally, someone has called a spade a spade. A former Master of Eton College has admitted that the school failed to rein in entitled Tories such as Boris Johnson, Jacob Rees-Mogg and Kwasi Kwarteng, whose sense of entitlement has harmed the ‘very fabric of the country’.

In a scathing letter to the Times, John Claughton, who was a master at Eton from 1984 to 2001, said that the school, which has educated 20 Prime Ministers, now had a mission to ‘ensure that its pupils are saved from the sense of privilege, entitlement and omniscience that can produce alumni such as Boris Johnson, Jacob Rees-Mogg, Kwasi Kwarteng and Ben Elliot and thereby damage a country’s very fabric.’

Claughton goes on to add: “Sadly, I failed in that purpose.”

The Sun forgets its owner’s taste for luxury travel in dig at Rachel Reeves’ business class flight to US

The newspaper didn’t dwell on Rupert Murdoch owning an $84 million private jet.

In a week dominated by yet more Tory sleaze and scandals, the right-wing media must have been desperate to dish some dirt on the shadow cabinet. Sure enough, The Sun came up with the goods, taking aim at Rachel Reeves’ trip to the US in business class.

The Murdoch-owned newspaper did not hold back in reporting that the Shadow Chancellor had been accused of hypocrisy for ‘taking the posh seat while attacking Rishi Sunak and the government for luxury travel.’ Reeves informed the newspaper that no taxpayer money was used to fund the trip, and that a donor paid for it. 

This in itself contrasts to the Prime Minister’s luxury travel which has been funded by the taxpayer. In March, Sunak decided to travel to Southampton and back to London by air rather than by car or train. The PM’s official spokesman confirmed that the helicopter trip was funded by the taxpayer.  Even the Sun had to reference the criticism the Prime Minister came under for the taxpayer-funded helicopter flight to Southampton.

… [Read more to get to Murdoch’s jet]

Continue ReadingLeft Foot Forward

Food inflation up by almost 20%

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Image of banknotes and prepayment meter key
Banknotes and a prepayment meter key

https://morningstaronline.co.uk/article/b/food-inflation-up-by-almost-20-per-cent

Food prices set to overtake energy bills as cost-of-living crisis ‘epicentre’, report warns

FOOD inflation is up almost 20 per cent on this time last year, new Office for National Statistics showed today.

The consumer prices index (CPI) inflation fell to its lowest level for more than a year last month – but at 8.7 per cent still outstripped average wage increases.

The decline from 10.1 per cent in March was largely down to energy prices stabilising after the sky-high rises from a year ago.

But it was higher than forecast by economists, who had pencilled in a drop to 8.2 per cent in April.

The figures showed food inflation is at 19.3 per cent, down only slightly on March’s 19.6 per cent and remaining close to the highest rate for more than 45 years.

https://morningstaronline.co.uk/article/b/food-inflation-up-by-almost-20-per-cent

Continue ReadingFood inflation up by almost 20%

Shell AGM disrupted by climate activists

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Activists from Fossil Free London and Extinction Rebellion disrupted Shell’s AGM today.

https://www.thenational.scot/news/23541141.shells-annual-meeting-disrupted-protesters-london/

… In a tense moment during the meeting, which had already been delayed for nearly an hour, security stepped in to prevent a protester from reaching chairman Sir Andrew Mackenzie and other board members on the stage.

Dozens of protesters were escorted out by members of the security team at London’s Excel conference centre.

“Obviously that last incident went a stage further than we experienced in the first part of today,” Mackenzie said, after protesters had been escorted out.

Early in the meeting, a group of protesters sang, “Go to hell Shell and don’t you come back no more, no more, no more, no more,” to the tune of the Ray Charles song Hit the Road Jack.

The first protester to get up shouted: “Welcome to Shell… complicit in the destruction of people’s homes, livelihoods and lives. Welcome to hell.”

https://www.thenational.scot/news/23541141.shells-annual-meeting-disrupted-protesters-london/

Rishi Sunak’s Family Profiting from Ties to Oil Giant Shell

Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn

Continue ReadingShell AGM disrupted by climate activists

Anti-strike law: Paul Nowak perfectly dismantles bill ahead of Parliament vote

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https://leftfootforward.org/2023/05/anti-strike-law-paul-nowak-perfectly-dismantles-bill-ahead-of-parliament-vote/

The legislation is an attempt to ‘drive a wedge between working people’

General Secretary of the Trades Union Congress (TUC) Paul Nowak took to the airwaves this morning to speak out about the anti-strikes bill which will be voted on by MPs this evening.

He slammed media accusations of union ‘scare tactics’ by laying out the reality of the Strikes (Minimum Service Levels) Bill which could see workers lose their job for taking strike action.

As media presenters sought to play down the implications of the bill, Nowak said threatening workers with the sack was ‘untenable’ and that the real reason it was being put through was to ‘demonise trade unions’ and ‘drive a wedge between working people’.

“There is no public appetite at all to see nurses, paramedics, teachers, railway [ workers …] sacked for exercising what most people will think as a fundamental British liberty, the right to strike,” Nowak said on Sky News.

“To remove it would put the UK as a real international outlier.”

https://leftfootforward.org/2023/05/anti-strike-law-paul-nowak-perfectly-dismantles-bill-ahead-of-parliament-vote/

Continue ReadingAnti-strike law: Paul Nowak perfectly dismantles bill ahead of Parliament vote