General Electric says: “We will localise”

Posted Posted in Economy, Export-led growth, Globalisation, Import substitution, Local economies, Localisation, Reports, Transition

  Last year came three reports on the downturn in global trade: From the container industry: Søren Skou, chief executive of the Maersk Line, which carries goods and products between Asia, Europe, the US, Africa and Latin America and is now described as the only profitable freight line. In a report from the Centre for Economic Policy Research: theslowdown in […]

Preston: building a new local economics

Posted Posted in City council, Co-operatives, Economics, Employee ownership, Local economies, Local government, Manufacturing, Mutuals, Outsourcing, Planning, Procurement, Reports, Transition

New Start magazine, which champions urban regeneration that is inclusive, sustainable and socially just, has reported on the work of CLES (Centre for Local Economic Strategies) with Preston City Council. Innovative Quinton councillor John Clancy, who has been to Preston to meet councillors there at a CLES conference, has already tweeted the New Start article. CLES is exploring how anchor […]

Compass calls for a National Plan: “The moment demands nothing less”.

Posted Posted in Economy, Employment, Energy, Environment, Finance, Green New Deal, Low carbon, Planning, Politics, Reports

. Compass, an ideas and action based pressure group, is discussing alternatives to the Government’s economic ‘Plan A’, which isn’t working, with over 50,000 members and supporters around the country. Its original Plan B, one page summary here, includes elements advocated in the last post by LWM’s co-founder Colin Hines: “infrastructure programmes, such as more housing, making every building energy […]

Calls to support local food webs

Posted Posted in Food, Local economies, Localisation, Reports, Transition

From field to fork: The value of England’s local food webs, a report by the Campaign for the Protection of Rural England was released earlier this month. Farming Online reports that it indicts government food policy and the supermarket model, revealing the role both have played in undermining the UK’s local food networks and jeopardising the vibrancy of rural regions. […]

Wholesale Markets could support 15,000 jobs in Wider Economy

Posted Posted in Economy, Employment, Finance, Local economies, Local government, Politics, Reports

More clearly expressed wisdom and informed commonsense from economist David Bailey  For some background on the Markets, look at his last column in The Post which can be found here. A few points made:  One way of saving – let alone creating – several thousand jobs is for the LEP, and in particular Birmingham City Council, to recognise that Birmingham […]

Clancy’s proposals would enhance ministerial decisions

Posted Posted in Banks, Devolution, Economy, Finance, Local government, Localisation, Manufacturing, Reports, Trade

With caveats, John Clancy commends two decisions made by Communities Minister Eric Pickles in his recent announcement: . a LEP has to be about new business and not displacement and relocation of businesses – as the National Builders Federation website puts it: ”Zones should not be displacing economic activity from one part of an LEP to another”; local councils will be allowed […]

A proposal to put forward Birmingham city centre as the location of the Enterprise Zone

Posted Posted in Local government, Localisation, Localism, Manufacturing, Reports

The Post reports that the Greater Birmingham and Solihull Local Enterprise Partnership (LEP), has now agreed to put forward Birmingham city centre as the location of the Enterprise Zone due to its potential to generate considerable private investment and jobs, as well as the potential for substantial business rate growth.  Where will the boundaries be drawn? One possibility:   The […]

The comparative security of a localised supply chain

Posted Posted in Economy, Food, Localisation, Manufacturing, Procurement, Reports, Trade

On March 15th in the Financial Times Gillian Tett pointed out the vulnerability of global supply chains: “[B]efore 2007, bankers had created numerous convoluted, cross-border financial chains. And while these chains seemed to make the system more efficient and safer in good times, when disaster struck, they produced new risks which took investors by surprise.” She quoted research on the […]

A green end-goal for QE

Posted Posted in Banks, Economy, Finance, Green New Deal, Politics, Reports

At noon on Thursday 9th December the Bank of England’s Monetary Policy Committee meeting’s decisions will be announced. LWM’s co-founder, Colin Hines, sends news of a report released by members of the Green New Deal group and the consultancy ‘Finance for the Future’, which calls for the Committee’s discussions on when to introduce a further round of quantitative easing (the so […]