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.... It can be hard to find a water fountain in Manhattan, and public transit in American cities ranges from mediocre to nonexistent. But solving these problems by ceding them to the private sector ensures that public services will continue to deteriorate until they disappear. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 08:00:25 AM
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....Hammond, who campaigned for remain in the referendum and has been arguing in cabinet against the idea of Britain leaving the EU without a deal, said the result of the general election had shown that the country was “weary after seven years of hard slog repairing the damage of the great recession”. But he added that funding for public services could only be delivered by higher taxes, higher borrowing or stronger economic growth. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 08:41:04 AM
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Latest Finance News related to Public Services

How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... It can be hard to find a water fountain in Manhattan, and public transit in American cities ranges from mediocre to nonexistent. But solving these problems by ceding them to the private sector ensures that public services will continue to deteriorate until they disappear. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....Hammond, who campaigned for remain in the referendum and has been arguing in cabinet against the idea of Britain leaving the EU without a deal, said the result of the general election had shown that the country was “weary after seven years of hard slog repairing the damage of the great recession”. But he added that funding for public services could only be delivered by higher taxes, higher borrowing or stronger economic growth. ...
While Corbyn inspired the young, May was terrifying the old image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
....3tn. Unhappiness with student fees chimes with the concerns that young people have over the Tories’ plan to quit the European Union and cut the UK off from the continent, while cutting taxes on business and imposing steep cuts to public services. ...
Older age image
Source : BBC [Read Article] Thursday 1st of June 2017 02:31:40 AM
....Not surprisingly, the ageing population has started to take its toll on the public purse. Almost 30p of every £1 spent on public services goes on health alone, nearly treble the amount that was spent in the 1950s. ...
This election ignores the most pressing issue: our economic outlook is disastrous | Laura Gardiner image
.... Labour’s suite of tax increases would raise government receipts relative to GDP to their highest level since the mid-1980s. This means significantly more money to spend on public services in an expansive programme of nationalisations and investment in health, schools, higher education and childcare. ...
Tax on test: do Britons pay more than most? image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
IFS to voters: you have a choice between the 'undeliverable' or 'unworkable' image
....If the idea behind providing few costed pledges in the Conservative manifesto was designed to provide the IFS with less to attack, the strategy didn’t work. The thinktank says May’s spending plans will put real pressure on public services, and in particular extend to 12 years what is comfortably the most severe squeeze on the NHS since it was founded in 1948. ...
IFS makes damning assessment of Tory and Labour manifestos image
Source : Guardian [Read Article] Friday 26th of May 2017 08:37:33 AM
....“Compared with Labour, they are offering a relatively smaller state and consequently lower taxes. With that offer come unacknowledged risks to the quality of public services. ...
Tories and Labour not being honest with voters: IFS image
Source : BBC [Read Article] Friday 26th of May 2017 08:21:41 AM
...."Compared with Labour, they are offering a relatively smaller state and consequently lower taxes. With that offer come unacknowledged risks to the quality of public services, and tough choices over spending. ...
Conservative manifesto: Theresa May targets mainstream Britain' image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:26:25 PM
....Carolyn Fairbairn, CBI director general, accused the Conservatives of a "blunt approach to immigration" which risked hobbling UK firms trying to attract overseas talent. But Richard Tice, co-chair of Leave Means Leave, said: "Committing to reducing net migration to the tens of thousands is the right thing to do and is simply the average migration levels achieved in the 1990s, when our public services and businesses worked well and low skilled wages were not suppressed as they are now. ...
Greek economy sinks back into recession image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:01:53 AM
.... . A 24-hour general strike planned on Wednesday is expected to disrupt transport and public services. ...
Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay image
....“Voters are fed up with seeing executive pay levels soar at a time when living standards for working families are falling. This levy will put pressure on companies to curb fat cat pay while bringing in some additional revenue to invest in public services,” they said. ...
General election 2017: Lib Dems would end public sector pay squeeze image
....A Conservative spokesman said voting for the Lib Dems would "wreck our finances, risk our economic recovery and destroy the wages of ordinary working families across the country". "The only way to deliver a strong economy which pays for strong public services is by backing Theresa May and her Conservative team," he added. ...
General election 2017: Tory housing plan 'paid from existing budget' image
....". In other general election news, Jeremy Corbyn's party said it would impose a tax on financial transactions to raise billions of pounds for public services. ...
The left must take a lesson from the right and come together to win | Will Hutton image
....The criticism of Labour’s leaked manifesto is thus not that it locked into exploded notions of yesterday’s socialism. Despite the universal bile, a fresh reader will be surprised by its bold willingness to confront the way contemporary capitalism is stratifying the labour market into a new mass precariat and conferring enormous rewards at the top, while crucial public services are being starved of resources or compromised by putting the profit motive first. ...
May to appeal to low-paid voters with new social housing pledge image
Source : Guardian [Read Article] Saturday 13th of May 2017 09:00:05 PM
....”. Meanwhile, Labour plans to bring in a “Robin Hood tax” on financial transactions if it wins the general election, in a move to raise billions more for public services. ...
Labour has big spending ideas, but no plan to earn our trust | Phillip Inman image
....From the holes it identifies in NHS funding to the need for an investment bank to promote infrastructure spending, the document has something to say about many of the areas crying out for government intervention. It works as a handy guide to those parts of the economy, the welfare system and public services the next administration must address – or risk the foundations being further undermined. ...
The German economy is unbalanced – but Trump has the wrong answer image
.... And Germany has massive unmet needs in health care, education, and communication and transportation infrastructure. Some will object that infrastructure and public services are nontraded goods, so more spending on them won’t boost imports or narrow the current-account balance. ...
UK needs £15bn in cuts or tax rises to clear deficit by 2022, says IFS image
....His analysis found that in addition to plans already set out, the next government would have to find more savings and more revenues if it wanted to eliminate the deficit before a May 2022 general election. The Conservatives have repeatedly vowed to cut the deficit, which is the gap between what the government receives in tax and other revenues and what it spends on public services, benefits and other areas. ...
Be bold Labour: promise to abandon this ruinous Brexit | Jonathan Steele image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:50:15 PM
....In any case, general elections work on a different dynamic. Labour can remotivate its core voters with its policies of social justice: free school meals; fairness for salary scales within companies; and the protection of the NHS and other public services, financed by investment and higher taxes on the rich. ...
Presidential challenge image
Source : BBC [Read Article] Thursday 20th of April 2017 03:10:40 PM
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... His craftiest tax cut was in the popular raising of income tax thresholds labelled as helping the low-paid, though three quarters of the phenomenal cost goes to rewarding higher earners. His austerity was real enough for cutting public services to the very marrow, but generosity was the political game in tax cuts to mainly Tory voters. ...
Labour plans clampdown on 'sweetheart deals' to close £36bn tax gap image
Source : Guardian [Read Article] Friday 14th of April 2017 11:01:09 PM
....“The Tories are running a rigged economy for the super-rich and giant corporate tax dodgers. Only Labour will stand up for workers and small businesses to make our tax system fair and our public services like education and the NHS protected. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
.... But, as every business person knows, there is a world of difference between borrowing for capital spending and borrowing to fund the payroll and day to day trading or service delivery. “The risk of bankruptcy comes not when you borrow to invest in projects that will deliver growth but when you give tax breaks to big companies and the wealthy when you don’t have enough money to run public services. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
....An expected 8,000 third or additional children are expected to miss out on support of up to £2,780 a year in April, a figure that could climb to 104,000 over the next 12 months, said the authors of the study. The two-child restriction would inflate current child poverty figures by 10% by the end of the parliament, the study predicts, with a knock-on cost to public services of around £270m a year as a result of increased support spending in other areas such as housing and schools. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....An HMRC spokesman said: "Everyone has to pay the tax due under the law and we do not settle for less. "Our most recent figures show that HMRC brought in a record £26bn in extra tax for our public services, with £7. ...
Council tax bills to rise in nine out of 10 English local authorities image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....”. Cowper said council tax could be scrapped altogether in East Hampshire by 2021 or at least reduced to a token amount to supplement wider public services such as social care. ...
Good riddance to the unfair NIC tax rise. Now what about that £2bn black hole? | John McDonnell image
.... So it is essential that Hammond makes clear how this £2bn of missing funding will be made good. It is critical that he does so not by imposing further cuts on our public services, whether the NHS or schools, and nor do we wish to see further unfair stealth taxes on low and middle earners. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
....Total taxation as a proportion of national income has been around 34% in recent years. But when the economy is operating close to capacity, as the OBR believes it now is, in a decent society the ratio of taxation to national income should be considerably higher – even close to 40% – in order to provide decent public services. ...
May defends 'fair' National Insurance rise amid criticism image
Source : BBC [Read Article] Thursday 9th of March 2017 08:28:31 PM
....The shift towards self employment was "eroding the tax base", she argued. "Is it fair? I think it is fair to close the gap in contributions between two people doing the same work and using the same public services to make the same contribution to wider society. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....Hammond said: “The difference in national insurance contributions is no longer justified by the difference in benefits entitlement. Employed and self-employed alike use our public services in the same way, but they are not paying for them in the same way. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
....But he disappointed anti-poverty campaigners who had urged him to do more for those on the lowest incomes by scaling back welfare cuts and abandoning a freeze on the pay of public sector workers. Corbyn said the budget represented “utter complacency” about the state of the economy and the crisis facing public services. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
....Speculation has finally ended about chancellor Philip Hammond’s economic philosophy. It’s an approach that says we serve the economy, rather than that the economy serves the public; that public services are an add-on rather than the wheels on the car that keep us moving forward; and that the rich are more important than the poor. ...
Labour says £1m earners should publish tax returns image
Source : BBC [Read Article] Thursday 2nd of March 2017 03:05:40 PM
....5bn since 2010 that "have brought the system to the brink of collapse". Mr McDonnell also called on Mr Hammond to end the "discrimination" which had seen cuts to public services "disproportionately" affect women. ...
Government sets out post-Brexit digital strategy image
Source : BBC [Read Article] Wednesday 1st of March 2017 01:10:06 AM
....3m of funding for robotics and AI research at UK universities. The digital strategy builds on the Government Transformation Strategy, launched earlier this month, which maps out how the government intends to improve the relationship between citizens and the state and improve public services. ...
Ex-John Lewis boss: 'The Tories are the insurgents in the West Midlands' image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:00:00 AM
....Andy Street quit as the boss of John Lewis last year to try to become the mayor of the West Midlands. If elected in May, he plans to turn back to his former employer in an attempt to revolutionise public services. ...
UK government surplus gives Philip Hammond pre-budget boost image
Source : Guardian [Read Article] Tuesday 21st of February 2017 01:33:43 PM
.... If the UK economy remains stable over the transition period once article 50 is triggered, Hammond could meet his objective to reduce the budget deficit below 2% GDP by 2020-21, while offering a few small giveaways. “These could include alleviating the burden on some small businesses impacted by rising business rates, and providing additional support to public services that are under increasing strain, such as the NHS, social care and education. ...
Who will the Brexiteers blame when the milk and honey fails to flow? | Rafael Behr image
.... Far more likely they will be drawn deeper into the old lie: someone must be held responsible when Brexit does not unblock the sluices of wealth and opportunity; when the milk and honey refuse to flow. The obvious candidates are foreigners and fifth columnists – EU governments that negotiate in bad faith; alien interlopers who drain public services; unpatriotic “remoaners” talking the country down. ...
UK tax burden will soar to highest level for 30 years, warns IFS image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:00:11 AM
....A Treasury spokeswoman said the government was committed to repairing the public finances so the UK lived within its means. She said: “That has required some difficult decisions on spending, but we are determined to deliver efficient public services which provide maximum value for every pound of taxpayers’ money. ...
Paris steps up drive to woo London bankers uprooted by Brexit image
Source : Guardian [Read Article] Monday 6th of February 2017 04:04:18 PM
....“We are not running that race,” added Pécresse. “ In France we have public services. ...
Robots 'could replace 250,000 UK public sector workers' image
Source : Guardian [Read Article] Monday 6th of February 2017 09:10:14 AM
....Even nurses and doctors could fall victim to the march of the machines, which the report says can outperform humans at some diagnoses and routine surgical procedures, and are more efficient at collecting information. The report argues that public services should become more flexible by embracing a gig economy where workers support themselves through a variety of flexible jobs acquired through online platforms. ...
Will Brexit be a success? Academics devise tests to find out image
Source : Guardian [Read Article] Monday 30th of January 2017 01:00:44 PM
....The four tests set out on Monday were:. • The economy and public finances: A successful Brexit will make the country more prosperous overall and will “improve its ability to finance public services”, the report said. ...
'The swamp is Goldman Sachs': how the bank is rewarded for putting profits over people image
.... The banks, she says, like to tout their diversity and welcoming nature and philanthropy, but “anyone who signs up with the Trump administration is more interested in power and money than justice and equality”. There is no bigger sign of that than the impact of the foreclosure crisis, the gutting of public services of Jefferson County, Alabama, and other such dealings. ...
Public sector pay poised to fall by thousands in real terms, TUC says image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:22:07 AM
.... Workers in the public sector are already feeling the squeeze, and it seems like there’s worse to come,” O’Grady said. “Government pay restrictions hurt staff in overstretched public services, and make it even harder to recruit good people. ...
Eight men own more than 3.6 billion people do: our economics is broken | Mark Goldring image
.... It demands that governments set the rules in a way that reward, rather than penalise, them for good behaviour. It requires us to better balance the important incentives for people to save, invest and create jobs with an approach to sharing the benefits that will allow countries to run the public services that all citizens need, the poor far more than the rich; that allows people to earn a real living; and that supports the most vulnerable. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
....“If you’re saving for a pension, this is bad news: the value of your savings will suffer as British firms become less productive, starved of global top talent. If you rely on the NHS or other public services, this is bad news: tax revenues will fall as these highly-paid executives move abroad. ...
Jeremy Corbyn suggests maximum earnings limit image
Source : BBC [Read Article] Tuesday 10th of January 2017 09:32:25 AM
....He added: "We cannot set ourselves as being a sort of grossly unequal bargain basement economy on the shores of Europe. If we want to live in a more egalitarian society and fund our public services, we cannot go on creating worse levels of inequality. ...
Jeremy Corbyn calls for maximum wage law image
Source : Guardian [Read Article] Tuesday 10th of January 2017 09:22:20 AM
The Scottish pioneer whose plan for a basic income could transform Britain image
.... “We’re sleepwalking here,” he says. “We like to tell ourselves that we are a nice, centre-left society that values our public services, yet we consistently reject parties who seek to increase taxes to pay for them. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
.... The cuts will be worth almost £15bn a year to businesses by 2021 and Labour claims this is equivalent to employing 12,000 nurses, 10,000 police officers and 10,000 teachers full-time every year for a decade. McDonnell said: “We have known for a long time that the Tories’ cuts to corporation tax have cost the exchequer billions and today we have laid bare what this means for our public services. ...
Majority of managers think Brexit uncertainty will affect UK economy image
Source : Guardian [Read Article] Wednesday 28th of December 2016 12:01:20 AM
....The REC chief executive, Kevin Green, said: “The prospect of EU workers leaving the UK at a time when employers are already facing severe skills shortages is particularly concerning because it’s a risk we cannot afford. “We need EU workers in many sectors across the economy, from construction to hospitality to public services. ...
The Guardian view on trade unions: needed as much as ever | Editorial image
Source : Guardian [Read Article] Monday 19th of December 2016 06:42:05 PM
.... It already significantly narrows the possibilities of a strike by requiring not only a majority in favour of strike action, but a turnout of at least 50% of those entitled to vote. If parliament approves more regulations next month, it will also ban strike action in “important public services”, including the railways, unless it is backed by more than 40% of those entitled to vote. ...
Income tax powers for Wales set to come in 2019 image
Source : BBC [Read Article] Monday 19th of December 2016 05:58:56 AM
....More from Nick. Tax devolution will give Welsh ministers powers over about 20% of the money they have available to spend on public services. ...
TUC and businesses urge Theresa May to act on rights of migrants image
Source : Guardian [Read Article] Saturday 17th of December 2016 08:17:56 PM
....British business and the trade union movement have made an unprecedented joint demand to Theresa May to guarantee immediately the rights of European Union migrants to remain in the UK, warning that further uncertainty will inflict serious damage on the British economy. In a strongly worded letter to the prime minister, the British Chambers of Commerce (BCC), representing companies with a combined workforce of 5 million employees, and the TUC say that more delays will be bad for business, families, local communities, and public services, such as the NHS. ...
Mackay to set out Scottish government budget plans image
Source : BBC [Read Article] Thursday 15th of December 2016 12:01:59 AM
Scottish auditors to investigate £9bn private finance bill image
Source : Guardian [Read Article] Wednesday 14th of December 2016 07:00:19 AM
....Neil Findlay, the Labour MSP and convenor of Holyrood’s health committee, said this reinforced his view there was a strong case for a Holyrood investigation alongside Audit Scotland’s. “We need to find out who actually owns these so called ‘public services’, who benefits and profits from investment in them, what is the scale of that profit, what is the impact on workers affected by any change in ownership and whether we could do things better in a way that offers far better value for the public pound,” he said. ...
Our problem isn’t robots, it’s​ ​the​ ​low-wage car-wash economy | Paul Mason image
.... Not all of that needs to be done through taxation. If, instead of privatising public services, you ran them as non-profit corporations, providing rail, broadband and energy at prices below the cost of production, the redistributive effect would be significant. ...
Ed Miliband joins call for soft Brexit as conflict in Labour grows image
Source : Guardian [Read Article] Saturday 10th of December 2016 08:47:34 PM
....His essential message is that the government will damage the country’s economy – and face a resulting backlash of huge proportions from the British people – unless it shows leadership and approaches negotiations in a realistic manner. “Government will rightly be subject to an almighty backlash from Leave voters, if it makes decisions that make them far poorer and leaves less money for public services,” he said. ...
Wolfgang Streeck: ‘Look at London – it’s a second Rome. This is what an empire looks like’ image
.... It will look less like Hillary than Donald:. Politicization is migrating to the right side of the political spectrum where anti-establishment parties are getting better and better at organising discontented citizens dependent upon public services and insisting on political protection from international markets. ...
Capita to replace staff with robots to save money image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:29:14 PM
....Parker said he “would have thought there’d be a more positive reaction”. Rehana Azam, the national secretary for public services at the GMB union, said: “Public services are predominantly delivered by people so it’s hard to see how they’re going to provide a cost-efficient service from call centres in another country. ...
National Grid sells majority stake in gas division in £13.8bn deal image
Source : Guardian [Read Article] Thursday 8th of December 2016 09:48:42 AM
.... The Australian bank has been criticised for its ownership of Thames Water, Britain’s biggest water company, which it bought in 2006 and is now selling. Dave Prentis, general secretary of Unison, the public services union, said: “The experience of Thames Water customers when Macquarie was running the show should have been a red flag to ministers and regulators as how unsuitable this company is to be in charge of the UK’s gas supply. ...
Executive pay: Companies could be forced to reveal pay gap image
Source : BBC [Read Article] Sunday 27th of November 2016 03:23:57 AM
....As part of the proposed shake-up, civil servants have looked at measures being taken in other countries including the US, France and Australia. A government source said: "Businesses are a pillar of our society, creating employment opportunities and contributing significantly to funding our country's public services. ...
Autumn Statement: Workers' pay growth prospects dreadful, says IFS image
Source : BBC [Read Article] Thursday 24th of November 2016 12:07:43 PM
....The IFS said that Mr Hammond had clearly put whatever money he had into long-term plans. "The clear prioritisation by Mr Hammond to direct most of what largesse he felt able to afford to paying for additional investment spending - roads, housing, research and development - to support the economy in the long run, rather than to pay to support the incomes of the "just-about-managing", or indeed public services, in the short run," Mr Johnson said. ...
Chancellor's looser finance targets highlight weaker UK economy image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:00:28 AM
.... Calls for extra cash to prevent local government services from falling over went unheeded. Likewise, cuts to further education colleges, the police, the courts service and many other public services remain in place. ...
The chancellor has failed to provide a clear direction on Brexit | Alistair Darling image
.... But can Philip Hammond really claim credit for not increasing petrol duty when it hasn’t been raised for years? Politically it is virtually impossible to put up petrol duty, further eroding the tax base. Many people who are “just about managing” depend on public services, like the NHS and social care, which are struggling. ...
McDonnell: Chancellor's spending plans 'offer no hope' image
Source : BBC [Read Article] Wednesday 23rd of November 2016 02:43:04 PM
....He described the scrapping of tenant and letting fees as "a victory for Labour campaigning", but said home ownership was still "a dream" for the under 25s because fewer houses had been built under the Conservatives since the 1920s. He said the chancellor was "continuing a race to the bottom" on corporation tax, while continuing to cut public services and cut taxes for big businesses. ...
In the gig economy, recruitment agencies are the gangmasters | Faiza Shaheen image
Source : Guardian [Read Article] Wednesday 16th of November 2016 01:08:37 PM
....4bn cuts to universal credit planned by the last parliament, despite fears that it will push working families into poverty, and protests by backbench Tory MPs. Recruitment agencies are therefore robbing workers of a decent standard of living in two ways: directly, through undermining rights and pay, and indirectly by contributing to the demise of social security and our public services. ...
TTIP was defeated by activists – Trump just exploited public anger over it | Nick Dearden image
....The United States-European Union Transatlantic Trade and Investment Partnership trade agreement has become a hated modern symbol of the power of big business and the market over our societies. The TTIP deal has rightly been seen as less a traditional agreement on tariffs and more an attempt to give big business new powers over our laws and public services. ...
Neoliberalism: the deep story that lies beneath Donald Trump’s triumph | George Monbiot image
....Thatcherism and Reaganism were not ideologies in their own right: they were just two faces of neoliberalism. Their massive tax cuts for the rich, crushing of trade unions, reduction in public housing, deregulation, privatisation, outsourcing and competition in public services were all proposed by Hayek and his disciples. ...

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