Archive for August, 2010

The Economics of the Coalition Government

Posted on August 21st, 2010 in UK Crisis

The Coalition’s economic policies are the most right wing liberal capitalist policies of any of the world’s major governments. They wish to transform a structurally weak UK economy based on credit, an unregulated financial system and public services supported by a structural spending deficit into a power house free enterprise economy based on a dynamic [...]

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No Cuts with Socialist Independence

Posted on August 10th, 2010 in UK Crisis

As a party the Scottish Socialist Party (SSP) is not only opposed to the cuts but says there is no need for cuts. Unlike other parties who are opposed to the cuts but are quite willing to implement them directly and indirectly because they have no alternative framework for running the economy. Our alternative framework [...]

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  • @TheLeftBanker

    • RBS £2 billion loss not as BBC reports £776 million. Twice as big as forecast. 3 hours ago

    • @BharatKAzad I think so with Portugal 6 months behind and Spain another year 21 hours ago

    • Greece mark II: Portuguese opposition demands €30 billion more of a bailout to keep country afloat 21 hours ago

    • @aidanskinner hedge funds been putting this trade in droves spreading risk over several banks. They now hold about 30% of Greek debt 21 hours ago

    • Greek debt swap deal may fail as hedge funds & other investors would be better off with default and collecting insurance it would trigger 22 hours ago

    • Euro crisis goes global: Preliminary Chinese manufacturing figures for February shoes a contraction. 23 hours ago

    • Euro area manufacturing & services output drops in February. Recession on the way. 23 hours ago