Britain has become one of the most unequal societies – in terms of income – in the developed world, the Organisation for Economic Co-operation and Development said this week. The Paris-based economics think-tank found that top earners are soaring away from the rest of the country at the expense of both average earners and the [...]
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Unequal UK exposed, but it’s not tough at the top with the top 10 per cent earning 10 times more than those at the bottom
By Bernard Purcell /Friday, December 9th, 2011Tory Mayor Johnson raids fire service cash in bid to fix broken crime pledges
By David Hencke /Friday, December 9th, 2011Boris Johnson, the Tory Mayor of London, has seized £50 million from London’s fire budget reserves in two years, to give to the police in a desperate attempt to meet broken crime pledges in the run-up to next May’s elections. The Conservative Mayor, who is facing a tough battle with Labour’s Ken Livingstone for his [...]
Doctor seeks petition signatures to force Cameron to drop NHS bill
By Keith Richmond /Friday, December 9th, 2011A leading GP is appealing for 100,000 people who love the National Health Service to help him force the Conservative-led coalition to drop its controversial NHS Health and Social Care Bill. Kailash Chand, who is chair of Tameside and Glossop NHS, and has also served on the BMA Council and General Practitioners Committee, is campaigning [...]
Putin’s party tops the poll, but questions are asked about his grip on power as United Russia sheds support
By Marcus Papadopoulos /Friday, December 9th, 2011Vladimir Putin’s ruling United Russia party has triumphed in parliamentary elections – albeit with a much lower share of the vote, prompting speculation that hispopularity is waning and his grip on power is weakening. Amid allegations that the elections had been rigged to favour Russia First, there were news reports, that Russian protestors were being [...]
Another ‘11th hour rescue package’ as the crisis clocks ticks on for the eurozone
By Bernard Purcell /Friday, December 9th, 2011As European leaders leave Brussels this weekend , they do so in the hope hoping that this latest in what is becoming a continuing series of “11th hour” eurozone rescue packages can be executed relatively swiftly – without the uncertainty of, among other things, another Irish referendum. With technical details still being pored over by [...]
Medvedev hails a ‘big event’ as new economic union becomes a reality
By Marcus Papadopoulos /Friday, November 25th, 2011Vladimir Putin’s vision of a new Eurasian Union covering the footprint of the old Soviet Union has begun to take shape following a significant summit in Moscow. In what is being seen as a landmark agreement, the presidents of Russia, Belarus and Kazakhstan signed an agreement to establish a Eurasian Economic Commission – an intergovernmental [...]
Cost of Spanish borrowing rises as the right sweeps to power and sells ‘a shed load’ of short-term debt
By Keith Richmond /Friday, November 25th, 2011The cost of borrowing for Spain rose sharply when the new conservative government sold “a shed load” of short-term debt on the financial markets just two days after winning a landslide victory in the country’s general election. Spain raised 2.98 billion euros in an auction of three- and six-month bills, but at much higher yields [...]
Northern Rock has been sold too soon and asset-stripped to finance its sale, Labour insists
By Bernard Purcell /Friday, November 25th, 2011State-rescued bank Northern Rock, sold last week to a consortium fronted by entrepreneur Richard Branson, is being asset-stripped to finance its sale, Shadow Treasury Chief Secretary Chris Leslie said in the House of Commons this week. His intervention followed claims by Chancellor George Osborne that, under European Commission rules, the Government had been obliged to [...]
Greening proposes to axe shipping ‘red tape’, but seafarers claim it will put safety at risk
By David Hencke /Friday, November 25th, 2011Justine Greening, the Transport Secretary, is meeting strong opposition in her bid to scrap and prune up to 200 regulations governing everything from passenger safety to seafarers’ protection on British ships as part of an agenda to cut “red tape”. Organisations from ships’ captains and senior officers to the RMT are furious at the move [...]
Unite’s McCluskey attacks the ‘hypocrisy of a Cabinet of millionaires’ as pensions row rumbles on
By Bernard Purcell /Friday, November 25th, 2011Fewer than one person in 10 believes Government claims that public-sector pensions are “gold-plated”, according to an independent poll commissioned by union Unite. Polling company Survation surveyed more than 1,000 adults ahead of next week’s strike by public-sector workers. According to its findings those polled believed by a margin of three to one that unions [...]
