Skip to main content

Compass gives no direction

If you were to ask us what we would do in the present state of the economy, our reply would be that we would not have got into this mess in the first place. In the early 1990s, when the Labour Party was developing its policies, we urged its policymakers to implement the system of land value taxation which the Campaign was set up to promote. Let us suppose that Labour had pursued our policies with...

Continue reading

Shops offered £1 rents on hard-up streets

An article in the Financial Times reports that landlords are offering hard-to-let shops at rents of just £1-a-year. With the number of boarded-up shops proliferating on high streets, retail landlords have become desperate to avoid paying business rates on empty units and are happy to sacrifice the rent. Chains such as Dixons and Card Factory have £1-a-year or business-rate-only deals on a handful...

Continue reading

Morality and the market

With protesters still camped outside St Paul’s Cathedral in London, the BBC religious weekly programme Sunday had a piece on morality and the market. The view by the protagonists for markets was that the market is neither moral nor immoral, but amoral. The sort of replies from those interviewed took the line that, “we are just trading”; “we produce a lot of wealth”;...

Continue reading

Mortgages – a double injustice

The mortgage is the device by which banks create money in return for the pledge of land rent privatised by a home buyer. Mortgages are a double injustice leading to poverty, financial instability and unaffordable housing.

Continue reading

Why we are against a financial services tax

It is worrying when powerful and influential politicians declare their support for damaging and unprincipled economic proposals. But it happens all the time. Setting out his pitch in anticipation of the G20 Summit which starts in a few days’ time, Wolfgang Schäuble, Germany’s finance minister, announced that he wants the European Union “to take the global lead in introducing a...

Continue reading

Our Dodgy Dossier

Our Dodgy Dossier is of course for amusement only – but when politicians, professional economists and the majority of commentators obviously have little or no idea what they are talking about and make things up as they go along, we make no apologies for this frivolity. If this sounds arrogant – how it is that leaders and economics experts from the greatest countries in Western Europe...

Continue reading

How to solve the world’s economic crisis

Our undercover reporter has a part-time job as a contract cleaner working at the Treasury, and managed to sneak into George Osborne’s office late last night where, screwed up under the desk, he found a piece of paper headed. TOP SECRET – BRIEFING NOTES TO CoE. We aren’t sure who exactly CoE is as there are quite a few organisations with that acronym and for all we know he could...

Continue reading

DimLambs declare war on fat cats

“It will all be over by Bonus Day,” says top brass. Speaking from their heavily fortified bunker in Birmingham, the top brass of the DimLambs announced that they were preparing all out battle on wealthy fat cats, and were on the warpath against the evils of corporate greed, tax avoidance and tax evasion. General Mick Cloggs and his deputy Colonel ‘Invincible’ Cobbles made...

Continue reading

Job Creationism – again

Job creation On both sides of the Atlantic the traps are being set. The bait? Jobs. The rise in unemployment – 9.1% (14 million) in America and 7.9% (2.5 million) in the UK – is causing concern and delaying economic recovery. Growth is the mantra, growth is the answer to stagnation, economic depression, social problems and deficit reduction. The medicine – job creation.

Continue reading