tag:blogger.com,1999:blog-3098155744202904295.post5796741347174575128..comments2024-01-26T23:45:28.948-08:00Comments on Cardiff University Labour Students: The Greatest Heist on EarthCardiff Labour Studentshttp://www.blogger.com/profile/06479254635174297732noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3098155744202904295.post-23646021938572227352010-09-25T14:27:32.179-07:002010-09-25T14:27:32.179-07:00It's heist, dahlingIt's heist, dahlingKeir Hardiehttps://www.blogger.com/profile/09739475765278530034noreply@blogger.comtag:blogger.com,1999:blog-3098155744202904295.post-23235277926309228382010-09-13T03:41:14.757-07:002010-09-13T03:41:14.757-07:00Hiya and thanks for the comments! Yeah I recieved ...Hiya and thanks for the comments! Yeah I recieved my three ballots for the Labour leadership and i put Ed Miliband as my first preference mainly because i believe he's articulated what went wrong with New Labour. What about yourself? <br /><br />Would really appreciate it if you followed my blog as well as hoping to beef the numbers up :)<br />www.apublicserviceannouncement.blogspot.com Thanks!Dominic Turnerhttps://www.blogger.com/profile/03695836061949031946noreply@blogger.comtag:blogger.com,1999:blog-3098155744202904295.post-32291286443611364252010-09-06T16:25:58.665-07:002010-09-06T16:25:58.665-07:00Certainly, the bankers did cause most of this mess...Certainly, the bankers did cause most of this mess - but it is the banking culture which the Government allowed to flourish which is the main problem. I am not laying the blame solely at Brown's door, as I know that this was an international financial crisis. In fact, I understand that Brown had been pushing for changes at the International Monetary Fund for several years, and the international community chose to ignore him until we found ourselves in this financial muddle. <br /><br />The reality is, however, that the financial services provide a big chunk of revenue for the Treasury, which is re-invested into public services. No government would want to anger the financial sector so much as to encourage them to leave. <br /><br />Another point to make is that the banks seemed to have made a loss in their retail divisions, while made bumper profits in the financial markets. This may be why staff across the country have been penalised heavily while city bankers are still in comfortable - very comfortable - employment. <br /><br />The Institute for Fiscal Studies' research into how the Treasury's Budget would affect the poor and the rich highlighted the coalition's failure to keep to their promise that cuts would be fair. <br /><br />The report shows some disturbing calculations which define the Budget as 'regressive'. The poorest 10% of the population would have around 5% of their income reduced, while the richest would only feel the measly pinch of around 2% (richest 10% would lose 4%; second richest 10% would lose around 2%). While the poor cut back on essentials, the rich can still send their children to elite private schools. <br /><br />The government has not been held to account. Labour needs to have a strong opposition leader to highlight these reports. When the IFS was creating similar reports dashing Labour's statistics, the Conservatives did not shy away from slinging reports at them in the Commons. <br /><br />Sadly, the press hasn't pulled its weight either. With a strong right-wing bias prevalent in most of the papers and James Murdoch's alliance with Cameron, the more liberal papers are struggling to make their point. The BBC attempts (and mostly succeeds) to provide neutral journalism, meaning that it - quite rightly - cannot express an opinion on such a report. <br /><br />Thanks for the post - any opinions on who should be Labour leader?Michael Andrewshttps://www.blogger.com/profile/04042736239271677586noreply@blogger.com