At a time of ‘austerity’ for so many, are there more beneficial uses for taxpayers’ money than mega airports and HS2?

In the FT today, James Skinner, chairman emeritus of the New Economics Foundation, asks fundamentally important questions about a stance often adopted by politicians with an interest in supporting multinational business. .

He was prompted to do so by a recent FT editorial “A better plan for London airports”, which cited the . . . → Read More: At a time of ‘austerity’ for so many, are there more beneficial uses for taxpayers’ money than mega airports and HS2?

The advantages of a regional food supply chain, advocated in the light of the discovery of toxic phenylbutazone residues

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As a search of medical abstracts reveals advice that there should be zero tolerance of bute residues, the 2002 Look to the Local report by former MEP Caroline Lucas, LWM co-founder Colin Hines and beef farmer Michael Hart (opposite) comes to mind.

It deplores farmers turning to export meat because supermarkets buy cheaper . . . → Read More: The advantages of a regional food supply chain, advocated in the light of the discovery of toxic phenylbutazone residues

The Chancellor’s Autumn Statement disappoints the region’s high street retailers

Towns across the region have been feeling the effects of rising business rates with empty high street shops becoming a feature of Walsall, Wolverhampton, Coventry, Dudley and West Bromwich.

Some positive action has been taken: Wolverhampton has been making use of  £100,000 of investment and support from ‘retail guru’ Mary Portas and this site . . . → Read More: The Chancellor’s Autumn Statement disappoints the region’s high street retailers

An important recommendation from Andrew Lydon in Birmingham and Andrew Hilton in London

Andrew Lydon (WM New Economics Group and Localise West Midlands) has long stressed the vital importance of giving a fair return to savers in his presentations and the latest LWM blog:

Long before the Governor of the Bank of England claimed he heard that the big banks were rigging the now famous LIBOR, we . . . → Read More: An important recommendation from Andrew Lydon in Birmingham and Andrew Hilton in London

Interest rates being rigged – what the Parliamentary Banking Commission should be looking into

Since Christmas we have published a number of blogs looking at everyday interest rates in the UK. Long before even the Governor of the Bank of England claims he heard that the big banks were rigging the now famous LIBOR, we were pointing out how the banks were squeezing us all. Savers in the . . . → Read More: Interest rates being rigged – what the Parliamentary Banking Commission should be looking into

Public SME investment bank launched in France – and Green Investment Bank in Britain

 

Hugh Carnegy reports from Paris that the French government is to stimulate business growth by setting up a state-owned investment bank offering €42bn in financial backing for small and medium-sized enterprises which – as in Britain – are large employers overall.

It will incorporate the work of three existing state agencies and will . . . → Read More: Public SME investment bank launched in France – and Green Investment Bank in Britain

The nation`s money could be controlled and directed in the public interest

In the Financial Times today, James Skinner, a trustee of the Organic Research Centre and new economics foundation, clarifies points arising in the call for a debate to take place on “ultraradical policies” for “boosting aggregate demand, (“UK needs to talk about helicopters”, October 13).

It should start from a clear statement and . . . → Read More: The nation`s money could be controlled and directed in the public interest

Turn the economy round: release funding for real projects

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Richard Murphy for Tax Research UK advocates positive action by government

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Points made in January are just as relevant today

30% of all government debt is owned by the Bank of England – which is government owned – so debt is not as high as the Tories claim and the need for . . . → Read More: Turn the economy round: release funding for real projects

Manufacturing ‘homeward bound’

In July, Localise West Midlands welcomed a statement from Professor David Bailey (Coventry University Business School) that “repatriating activity – including some sourcing – to the UK is very much on the agenda”.

Homeward Bound? Seizing Manufacturing Onshoring Opportunities, is the first of three blogs this week which develops and extends his recent Birmingham . . . → Read More: Manufacturing ‘homeward bound’

Repatriating activity – onshoring – is very much on the agenda

Localise West Midlands welcomes a statement from Professor David Bailey (Coventry University Business School) that “repatriating activity – including some sourcing – to the UK is very much on the agenda”.

He recently summarised the impact of offshoring on British manufacturing over the last decade, and considered the tentative signs of “onshoring” in certain . . . → Read More: Repatriating activity – onshoring – is very much on the agenda