British - Activist | November 9, 1959 -
Each day more coalition MPs in seats outside the South East come out against George Osborne's regional pay cut plans, and Vince Cable now claims they are dead.
Frances O'Grady
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The dominant economic approach of the last thirty years is now on its last legs. Letting the market rip and an indifference to inequality are now seen as important causes of the greatest economic crash since the 1930s.
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In the U.S. the powerful critics of austerity such as Paul Krugman and Robert Reich rightly identify the decline of 'labor' as a problem, and renewing trade unionism part of the solution. Our opportunity is to make the same case in the UK.
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The TUC's new slogan 'a future that works' sets a profound challenge. Austerity and rapid deficit reduction is failing in its own terms, but even at its best it is short-sighted, muddle-through politics with no vision of a new economic model.
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Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.
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The UK has a poor investment record. According to IMF data, we have come seventh out of the top seven industrialised countries since 1999.
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From the ashes of a financial crash, there is a chance to create a new economic settlement that is more equal, sustainable and democratic.
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I came from a family where joining a union was the expected thing to do. I've always believed that the relationship between an employer and an individual worker is fundamentally unequal.
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Although there's a lot of focus on the Lib Dems, we need to keep our eyes on the far right of the Tories, who I suspect will become increasingly impatient in their appetite for tax cuts, deregulation and shrinking the state even further.
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When I look at my daughter, who's 24, she is much more confident than I ever was and her expectations are higher. But I worry that there is a backlash brewing against progress on equality.
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My first hero, as a teenager, was James Connolly. I remember discovering that he was a feminist, and that was an eye-opener, coming from a man of such poverty.
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Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
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