What a Labour government would mean for business in the UK | FT
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- Опубликовано: 11 июн 2024
- Beyond the divisions in the party over Brexit and antisemitism problems, UK's Labour party has a radical economic agenda. FT chief political correspondent Jim Pickard talks to the insiders behind the policies to reveal the most interesting ones. For more on this story, read: on.ft.com/2Pz0IqW
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your channel is shambolic, no fact checking and spreading misinformation, sort yourselves out
It seems to be surprisingly neutral in it's agenda!
@J and M no it has been very balanced, unless you are the far-right of the debate.
Sure. Just put FT is a fake news. The rating will go up the roof for being truthful.
"We asked a Lobbyist", that is the first sign this video is going to be a spear job.
Maximilien Robespierre someone doesn’t know much about the FT...
Do you really think that you can have policies such as requiring 1/3 of board places to be workers with no executive role in the company, or 10% of profits into a government fund on top of a big tax hike and it not get opposed by business?
Its not hard to spear these communist pigs.
With Dianne Abbot crunching the numbers and Emily Thornbury campaigning against her own Brexit deal. 😂 😂 😂
You seem like a fairly smart guy. I literally don't know how anyone with a brain could endorse the Labour Party right now.
No matter what you feel about communism or socialism on the whole it must be obvious you are backing some serious low IQ idiots. Some seriously flawed people. How can you trust these people to govern our country?
@@paulgibbons2320 I've backed the LibDems since they formed. Nothing is perfect but they are serious, with good candidates and 11 policy Committees
@@ParcelOfRogue 10 out of 10 for loyalty. But I don't know how you can. I used to vote liberal. I hated Blair with passion. I never believed a word that left his mouth. I fully support Charles Kennedy opposing the Iraq war. He was a great leader. Then Clegg???
'Do anything for power' . In bed with Tories. Selling out students. Their traditional base.
Absolute madness.
Now your opposing democracy itself.
Jo 'No limits to my ambition' Swinson. She is an unrepentant fascist. Theres nothing liberal about her. Look at her voting record. How many times has she voted in line with the Tories austerity measures.
When she stood up in parliament and accused boris of just wanting the top job and doing anything for power I cracked a rib laughing.
I believe my Grandfather used to be a Liberal councillor. He would turn in his grave if he saw them standing against a democratic vote.
Let's get the opinion of a slimy corporate lobbyist...
Doesn't take 10 minutes to explain what would happen
They are wondering how much it will cost to buy him off.
very very cheaply I'd imagine.
qetoun, you have to imagine it. you can only imagine it. some people do not sell their soul.
@@vulovulo6401 Corbyn sold his off years ago.
ba brady na, it’s just not that simple and evil.
@@antonysmyth2464 Ido not men just cash ,there is a lot of legal ways of buying support.
quick looksee ....mcdonnell`s got a lovely little 200 grand holiday home in Norfolk for when hes not at his 3/4 million London pad..... paid for by us . So when hes paid up for the gas , water , trains etc and bunged us all on a 3 day week will the money hes got left over be used to buy us all a house in the country each ?
Really? You are complaining that a long standing politician who has to work in London has what is now a cheap £200,000 house in Norfolk and what is now considered to be a cheap flat in London that is worth £750,000? And he bought them years ago when they really were very cheap. That's hardly in the league of Tory politicians who usually have several properties worth millions plus all sports of off-shore investments. Also, Labour's 4 day (32 hour) week means working less hours for the same pay, so an increase in wages. What's not to like about that?
3 day work week? 😂 3 day weekend or 4 day work week you mean, yeah? Already been reported that places with 4 day work weeks see a 20% increase in productivity as their staff are not having to expel energy sparingly and job satisfaction is improved and mental health problems decrease.
@@baggaz167 You mean like France? Where workers earn more for a 4 day week than Brits do on a 5? Where even people on benefits earn more than workers in the UK? Britain's productivity is a joke.
Don’t think Owen Jones and Ash Sarkar are exactly pulling the strings of labour.
Yes, I agree with you. LOL
PMH pathetic ignorant troll
@@shorelineboy I heard Owen Jones gives it out for free now..
James D Robertson don’t you mean private school not public school?
What they mean is, their offshore tax havens, and the luxury of paying minimal tax back to the people, would be under threat. Either you help the poor get richer, or you make the rich richer, by making the poor poorer. That is the economic model of financial selfishness right?
Purer Logic or you penalise the entrepreneur and make it too difficult to make a profit - so they don’t bother taking the risk of running a business anymore and make all the ‘poor’ redundant. Then everyone gets poorer.
@@belvederebarbados9139 Not really, you work on investment and bringing ideas to life. Have things such as crowdfunding really made the poor poorer? I don't think so. But this should be more of a governmental attitude, rather than let the lobbyists control political choices, and hence create corruption (putting money before people).
Purer Logic no, that is an out of date sad view.
@@antonysmyth2464 crowd funding is out of date? Lol
It must threaten you cos its grassroots investment
No because it will not only discentivise entrepenuership in the UK but it will also cause a sharp decline in startup entrepreneurs also hence making the UK less competitive.
I know this video is supposed to scare monger, but I finished when he was listing all the labor policies
I live in Manchester and I cannot believe how many people on the street have jumped on the boris bandwagen,labour should be very worried in the next election
Nicholas Fay it’s not the Boris band wagon. It’s the ‘we voted to leave but labour and Lib Dem’s are blocking leaving’ bandwagon. I’d vote for a pig in knickers right now to run the country if it means the referendum outcome is honoured.
@@deathguarddavegoogley2022 ,I was trying to be sarcastic, I am fully behind your view,I voted leave ,without the vote what have we got
Nicholas Fay apologies. I failed my ‘detect sarcasm’ roll ;)
The labour party needs the Muslim block vote in northern towns to win the general election, anti semetism plays well for them
Death Guard Dave Googley Lol are you an idiot? If Brexit is the only thing that matters to you then sure vote for a pig who will deliver the referendum result, however, Brexit is not the only issue in our country and now that you’ve voted a pig (or BJ) in as PM for 5 years you are stuck with whatever he does.
And what about a Labour government with a Bernie Saunders government across the pond...that will be interesting.
What a fantastic prospect.
People would probably take you more seriously if you actually got the guy's name correct for a start!
Socialism doesn't work
sile lynskey I can only get so erect
Username except these are social-democrats, not socialists. Learn the bloody difference
We do not need to buy out private contractors. We just need to wait until contracts are up for renewal and then not renew. At Leeds City Council pretty much all services have been bought back in house, because private contractors were too expensive and in many cases were failing to provide the level of service promised. They have thus actively deprivatised their services, not out of an ideological bent, but out of the necessity to save money.
Private almost always equals lower quality and more expensive. Since privatisation in 90s, train carriages are now older on average by at least 2 years and prices have soared.
Corporations are worried that they’ll have to actually pay taxes. My heart bleeds peanut butter.
Angelo Avetti Taxation works if they are applied to things everyone needs, such as safe roads, education, healthcare, and housing.
@@greatdelusion7654 when wage labour is exploitation taxation is justified
😂😂😂 yes these businesses may pay more tax which means more people will be made redundant from their jobs FFS!! Corbyn and his Marxist pals who will have the levers to the economy will blame it on Brexit when they won’t even deliver Brexit at all.
Frog Man why do you have to keep creating made up stories about taxation, the less money you tax from the people; THE GREATER TAX YIELD MEANING THAT THERE IS MORE TO BE TAXED before the well off run out of money from ridiculous levels of tax and the Marxist government blames it on the well off
@@ithebestdontmes1648 no it doesn't, it just means directors will have to choose a slightly smaller sunseeker
Essential services in the UK should never have been privatised for the very reason that the market is too small and there is no real competition only and illusion of competition created by some monopolist and oligarchical greedy thinkers! Which means the government should have retained control and been subject to the people’s vote
Privatisation was hailed as the sale of the century and was promised to turn the UK into an island of small shareholders. It failed: the faceless state bureaucrats have been replaced by faceless (better-paid) private bureaucrats - and big foreign corporations. With hindsight privatisation of our public services has been a costly waste, and *has to stop* It’s our taxes and our bills that get wasted on shareholder profits, extra admin costs, and higher interest rates on borrowed money. Looking at privatisation in just the NHS alone - the cost of maintaining the internal market is (at a very conservative estimate) £4.5 billion a year or £86 million a week. Add that to £2.15 billion a year in 2020-2021 on PFI contracts, and all together, the NHS is wasting £6.65 billion at a minimum every year - or £128 million a week. *We need to end privatisation* in our NHS as soon as possible to end this waste, especially with trade deals on the horizon. as hinted at by Donald J Trump or Nigel Farage.
Privatization leads to monopolies so let's give a monopoly to the government. Flawless logic.
When a lobbyist says that his surrounding is unconfortable with a Corbyn government, that's the best endorsement he can get.
When an economist says a Corbin government isn't good for the economy, that's the worst endorsement you can get.
@@sebastienholmes548 not really, as economists do not agree with each other, and you can always ask the economist who agrees with you to obtain the answer you wanted :)
@@fawzibriedj4441 sorry, let me rephrase that. REAL economists say a Corbyn government is bad for the economy.
@@sebastienholmes548 we will disagree on who are real economists, but we can easily know which economists can be corrupted and which cannot. No billionnaire will but money on a research department in which we talk positively about Corbyn. No multinational company either.
Money flows in one direction only, but still, there is a high number of economists who support Corbyn's economic programme. Even though they are highly incentivized not to.
@@fawzibriedj4441 wrong, large corporations want more regulation. Do you know why?
Public services should be run for people rather than profit.........but we're going to make lots of money out of them for the public purse......how can both these things be true?
God forbid, we #takebackcontrol of our public services and make all these foreign corporations pay their taxes. That sounds terrible
Why was Chris Leslie a member of the Labour Party?
Blairite
@@hughslooskant4420 Ah! New Labour, aka Not Labour. Makes sense.
To finish the job from within, Trojan horse, an inside job....
He misses Blair the Messiah of the fake, new labour movement.
He shouldn't be a member of the Labour party. He has too much sense for that.
People forget what it was like back in the 70’s..
@angrykulla People forget, some don't.. enjoy freedom of speech, that will end if Momentum get control via Corbyn
@angrykulla History
also passed at the Lab conference : all new immigrants will have full access to all benefits when arriving, free access to NHS, full access to houseing,. that will be nice cos they will all vote labour. thats why blair, brown and straw did in 97, works a treat.
"most businesses.." you mean most *billionaires... are worried about paying taxes
Chan Ding no why would they be? They can move their wealth in a any which direction they please, the people this effects are those less well of which are economically fixed to the uk
@@ThomasSmith-tv7gp it's the wealthiest who will have to pay more taxes under Corbyn, which why they don't vote for him. They're scared shitless. Which is ironic considering the Tories Brexit saga has cost their pound a massive reduction 😂😉
@@chanding no you don't get it, wealthier individuals can stock their cash in other country's, most UK billionaires are foreign born, they will move out, taking their money with them. Meaning less money in the economy and the poor just get poorer, very simple. The wealthy are clever people they know what they are doing, how do you think they got that wealth in the first place...
@@ThomasSmith-tv7gp bs, you're talking about trickle down economics and show that you haven't got a clue. NOW - GET TO THE FWKKN GULAG YOU BOOTLICKER!
Chan Ding thank you for expressing your lack of knowledge on the subject 😂. All people who shout and rave about Corbyn all use the same close minded rhetoric, which exposes their naivety and poor understanding of business and economics. This is concerning for the UK’s future.
Labour’s policy on ending late invoice payments by large corporations to their small business suppliers, is very attractive to thousands of small business owners.
The large retailers eliminate suppliers who do not accept having to wait over 90days to get paid!
@NobleGuy the process would be very simple. Explaining it to the global mega corp lobbyists would not.
@NobleGuy yes they have
@NobleGuy try using your own individual brain, critical thinking and reasoning skills, to research these things that you appear to hold strong opinions on, for yourself.
It is simple to monitor the date from invoice sent to payment. How hard can it be to fine for late payment, using legislation ? About 3/10 difficulty. Already happens in Germany. Certainly a lot easier than making people take experimental emergency approved meds because treatments like the one that saved me were suppressed, don’t you think ?
I see they still haven't quite perfected the radio controlled mouth, then.
Great job everyone, this all has gone so well since we avoided voting for these 'extremist' and 'radical' policies. It's gone especially well for the wealthiest. Thanks so much for this wonderful reporting FT👏
As radical as the Labour then give the UK the NHS, what mad man.
Yeah great, can't get cancer drugs unless you live in the right postcode. Well done.
i Live in the us and a cancer diagnosis means bankruptcy
@@KineticFaction ask Big Pharma why they are so expensive ? anyways i imagine a trip over the pond for private healthcare will get you whatever it is you need. Also which drug in particular is it you refer to and do clinical trials show it even works ?
@@tommayer6018 NHS, the envy of the world. This is the one area in US that could learn from the UK.
All those nationalised concerns which were privatised have been a miserable flop as far as the general public are concerned. The responsible government (all old Etonians) did not give one thought as to the consequences and did not apply any form of control, where we now know prices have risen out of all reasonableness and people just can't manage. Yes, re nationalise those important industries WITH NO COMPENSATION, THEY HAVE BEEN RIPPING OFF THE POPULATION FOR FAR TOO LONG.
"Academics" - heaven forbid we'd have any of those in the government
Communists aren't "Academics"
Given the perspective of this video, I think it’s fair to surmise that they’re referring to ideological leftist academics, many of whom are sympathetic to Marxian economic theory.
Not exactly the ‘philosopher kings’ of Plato’s ideal, at any rate.
Marc Stamp damn lefties
Ready for a general election?
I am very impressed that the FT is discussing seriously the Labour agenda for much needed reform, Thank you !
YOU MUST HAVE A PROBLEM! LABOUR IS THE ROOT OF COMMUNISM!
@@obsessivefanboy oh yeah communism worked out really well for the People didn't it? Stalin - 20 million murdered - Mao - 40 million murdered - Pol Pot countless millions more - yeah brilliant idea.
@@obsessivefanboy but of course Labour isn't "communism" and never could be.
So much went unchallenged.... I thought the FT were better than this!
I imagine they were trying to provide an interview, not a debate. The FT is not known for debating socialists.
Problem with socialism is that, at some point, you'll run out of other people's money!
Problem with all Capitalists is the fact that all of their wealth comes from others toil and suffering.
Wealth comes from providing someone with a product or service that they desire and giving it to them at a negotiable price.say that I want £200, I could either take out a loan and pay them back or I could work for someone (providing a service) and they pay me an amount that I negotiated them with (say £10/hr) and in no time at all I'll have that £200 but nutjobs like you push for a "welfare state" which gives people stuff for free, leaves people in poverty and distorts the "free market"
@@wclifton968gameplaystutorials That's the shittest explanation of wealth i've ever read. Capitalist's make profits by taking the surplus value from the labour of their employee's by not paying them the true value of their work. There is no true market that isn't hijacked and moulded by those who exploit it. Why do think huge companies lobby politicians to alter the market in their favour? To create a fair market with perfect knowledge for everyone to enjoy or to suck as much profit as they can like the greedy parasites they are? Can you not see that workers literally can't access policy and politicians in such a direct way that wealthy people can? Mark my words, eventually, Capitalism will destroy itself with it's own internal contradictions that can't be ignored..
wclifton968 The money needed to provide for a inflated “welfare state” will be a burden for the tax payer. Companies will go out of business which means workers will lose their jobs. Those businesses that do survive will simply leave the UK, again leading to more loss of jobs. Individuals who have earned their way to highly paid jobs will see no reason to carry on working, those earning over £80,000 will simply quit their jobs as there is literally no point in working in intensive stressful, highly skilled professions if you’re going to be losing more than half your income in tax to the government, a government which will then distribute your earnings to the utter pondlife, benefit scroungers and rats of society who simply refuse to find employment and contribute.
The loss of these highly-skilled workers will be a huge hit to the economy. More power to unions will mean that nationalised industries will be constantly hit by strikes due to low wages.
This is only a selection of things which will happen under a Labour government. Chaos, and if you refuse to believe the truth then you are simply delusional.
Sean Utterly delusional.
Why is the financial times confusing rentiers with ordinary businesses ?
If you are renting out many properties... then that is your business. woah
Corbynomics is a scary term that I hope never touches these shores
It's not a term. Relax.
What a surprise!, the financial times trying to belittle a party who wants to stop the disgusting tax evasion that has gone on completely protected for all these years. The FT has the nerve to talk about 'divisions in the party over Brexit' when the torries have dragged Brexit out and made fools of the UK so we couldnt get a proper deal now no matter what we do. The 'antisemitism' remarks are a cheap shot even for the FT. The FT openly supports the conservatives, it is all about profit not people, Yes, you really do have something to worry about when Labour get in.
Champagne socialism..
@Slave2PaperWithInkOn : Tell us more!, I will try and hunt that down!. It is a disgrace, they have been getting away with this stuff for ever and it needs to stop, it is thoroughly dishonest but then the people that do this are not bothered about that, we need a revolution in Taxation, I honestly believe If Corbyn gets stuck into closing the gaping tax fiddles that the wealthiest believe they just have a right too because 'only the little people pay tax'
If business is unhappy with John McDonnell as chancellor they should consider the possibilities of Dianne Abbott running the economy
I'm considering that as a possibility for an April fools prank.
as home secretary it's out of her remit
@@hughslooskant4420 Not after a reshuffle. Besides If you believe in equality of outcome the Innumerate deserve their turn as chancellor
@@MrToastercide no i dont believe in that. The time of political posturing over departmental roles is over.
Time to have people who have studied or at the very least have a real interest in the field in that position.
Which to her credit Abbott is in this example
@Bloodshot Eyes Im a bit confused by Labour party policy ATM apparently they are going to negotiate a new brexit deal then campaign against it
I wish more videos and reporting were relatively balanced like this one.
are you being sarcastic?
@@purestilton the media scrutinizes tory policies without talking into account labour's policies. now that one reporter actually scrutinizes a labour policy suddenly its bias?
@@KYLE-tw9ie im not talking about all media, i'm talking about this particular video. it is clearly biased - look at the definition
@@KYLE-tw9ie there are more right wing papers than left. The mail record Express sun times and telegraph are rightist while the guardian independent and herald are left
@@nifralo2752not many people read papers these day coz it's easier to go online like bbc ect. the main media is left wing.
Venezuela. What do you expect when little girls are in charge.
Clement Attlee is a better analogue. Google him. You might be surprised what the leftwing policies achieved in the post-World War 2 period
left wing politics built the era that all the right wingers fantasise about
Thing is with left wing politics - takes a lot of paying for and if you think the rich and businesses will accept 4 day week and higher tax you are heading for the dole que.
If you want to see how despicable the left can get Google Micheal foot.
He was three half pennies off a shilling 😅
In case you missed Venezuelas economy is 70% private.
At 04:47, I wondered how long it would be before the words 'climate crisis' came out.
As a Sri Lankan.....why, the F did you guys privatise the utility man??
Like.... the whole goodness of Privatisation is innovation, better performance through competition. How does one company trying to make a profit for the CEOs make this happen??
It will only drive the costs for the countrymen higher!
We use a system called RPI -K to simulate competition. When it was Privatisation it means that each years prices can only rise by as much as the RPI rises take away K, which is set at 4%. That means that the price will drop every year unless RPI is higher than 4%. As such this simulates compeittion and means they are forced to cut costs/innovate.
Oh poor millionaires!
say a prayer for them only 12 Caribbean holidays a year instead of 13.
Chris Leslie, we can always find your mates jobs cleaning toilets.
@redf - Stop disrespecting cleaners
Labour,tax,tax ,tax and more tax.
Were any of the policies mentioned between 1:55 and 2:34 supposed to scare off ordinary voters for supporting Labour?
Honestly its hilarious how clear FT's bias towards the richer business owner/financial-type is.
What would a Labour government mean? One word a - DISASTER!!!!!
Imagine naming yourself after the mass infiltration of left wing groups and then positing anything right wing unironically.
My god
@@totalfreedom1282 innit lol
TOTAL FREEDOM just wondering how what he said is right wing ?
@@totalfreedom1282 Counter Intelligence programs are used by ALL governments, left AND right. In reality there is no difference between them but if you believe there is then may I suggest suggest you do some research.
The right/ left paradigm is fake, but it can be used to get a rough idea as to someone's political views, that's all. Show me any despotic regime and it can be argued as to what they are, left or right. Communist regimes are no different to what some call Right wing regimes, because at the end of the day they both aim to supress the people and aim to gain full spectrum dominance. I use the name Cointelpro to try to wake people up it doesn't mean I support it. And if you LOOK at the emblem you will see two planes laying trails. If that means nothing to you either then I will simly leave you in your ignorance. My God!
George Orwell 1984. Read it and be very afraid !
All animals are equal, but some are more equal than others. But there will always be Lions, Cheaters, Pigs and Sheep. Yes?
Labour needs to learn it was written as a warning and not as an instruction manual
Watch industries queueing up at the airport to leave.... and leave transportation logistics combined with government agencies to provide the only jobs in the UK. Everyone else will service the customer base from abroad. The economy is already service driven and will just get worse... Labour really don't have a viable policy for economics at all. I can't wait for the general election....!!! bring it on...
Alan Hunt Don’t forget about the countless striking in airports etc
@@brumav9779 There won't be anyone left to strike after No Deal has destroyed the travel industry and with a few more Thomas Cooks wrecked by shite greedy bonus chasing executives.
I don’t think they have an A level amongst them above E ,what could possibly go wrong.
I think one of the main advisors to Jeremy Corbyn did manage a full 2 Es at A level, that’s two whole A levels, that’s a lot for someone who idolises Nicolas Maduro
Snobby elitist
On the bright side... we'll all be a lot thinner.
Nothing like starvation
@@joshevans2794 We'll only starve when we run out of rats and pigeons to eat.
Pathetic comment..
@@Sammy_DD oh really! Making fun of a joke party with clown-economics is 'pathetic'.
@@qetoun Errr.. yeah 🙄
Why don’t they ever look at history
Who?
Yeah, like back in 1945 when a true left-wing Labour government passed sweeping reforms that redistributed wealth and established the NHS!
Who do you want to start with? The Soviets developing into a technologically pioneering world superpower from an oppressed agrarian monarchy in sixty years, or China transforming itself into a technologically pioneering, infrastructure rich global economic superpower from an oppressed agrarian monarchy in sixty years? Or perhaps you'd prefer to discuss the West's dystopian backside into an directionless, autosarcophigan oligarchy in thirty years?
@@fredfredrickson5436 Authoritarian Communism is great for growth, but it is terrible for average people. We need a new kind of Socialism that works for everyone, not just capitalists in Capitalism or state bureaucrats in Communism. This new kind of Socialism is Democratic Socialism.
No thanks
I m not sure if labour have the right ideas but I do think the current model with it's disparity between rich and poor can't keep going
Shows what a state Labour is in when the ft has run a week long feature a pity the fact there's left wing politicians in the party.
That "radical left wing" 1945 labour government shaped the country as we know it today and made us an example for compassionate capitalism across the world.
Chris Leslie reminds me of an instant expert that just read Thomas Sowell and had his mind blown. I.E a neophyte.
Indeed…far better be read Marx and ‘have all the answers’.
A country where Unions dictate companies and stops for no reason at all like when British Leyland went on strike because they moved their card table in the break room
As opposed to being run by corporations that don't pay tax?
momentum are working on postal votes
So they want to improve the standard of living and wages by causing a recession? Are they ill?
liz truss
If they win the next election, I'm moving to the US. I want to live in a country where the fruits of my hard work are not ripped off me in an act of state-sanctioned theft.
:DDDDDDDDDD
Good, leave.
@John King You're correct that medical expenses are not state-sanctioned theft. I'm enjoying how many Ad Hominems you're committing; you're adorable.
@@GuideInTheTrees Seriously, a British Lolbert?
@John King
I'm American currently living in London, half a million is not that big by US standards it's about 0.15% of the population. Part of the reason that US healthcare cost are so high is that you actually receive more care. I prefer the US health care model. When comparing like patient to patient and in absolute terms US healthcare outcomes are better than the NHS's.
FT doing a good job of getting a pro Eu labour in power, well done.
It seems like the interviewer was expecting less coherent answers from the left leaning people he interviewed but they were the best parts of the video.
When i voted for Labour I didn’t have a pot to piss in. Now i have voted for the Conservative party I own my own house and have money in the bank.
Ex council house bought at reduced price during the sell off that created the current generation of overworked renters paying over half their wages to keep a roof above, fearing the hike in prices and stagnation of wages? Perhaps not, but that did happen, as did the sell off of so much of the national infrastructure and service wealth. We exchanged that for foreign companies which hoped to access the EU market easily and don't invest in the country. None of that can happen again, there is nothing for the private corporations and companies to sell off now; only a reduced currency value and the increase of trade imbalances for the UK. You ma not have had a pot to pee but I bet you had a place in society. When I was a old labour supporter I was an engineer, I never got the opportunity to buy because that industry moved to Asia, where I now live, and bemusedly watch locals produce goods to ship to your shops with about 10% productivity comparative to the skilled workforce that once was the backbone of the UK. False wealth created by a short term financial strategy does not make modern Conservative policy correct, it is destroying its own back yard. Nationalism may not be the complete answer, but a mixed economy works well in many countries with a recourse to home investment and an eye to the future. The Tories have proven their backwardness with full employment policies in an era when that is simply wrong; modern technology has arrived, and industrialism has died. At least the time in opposition has seen creativity emerge within Labour. Perhaps on one hand you agree with Dutch businesses owning British buses, or American multinationals supplying your breakfast and Spanish banking giants buying up your building societies but on the other want to retake Britain from the European and global market? Which is it to be? This is the problem with the cheap right winger soundbites hijacking patriotism to their policies which hide huge tricks up their sleeves. I dont advocate a return to big unionism or jobs for the boys either - but supporting the FT here is not in the interest of the ordinary folk. They are scaring big money into interest politics, that interest being the movement of capital into their accounts and away from the national interest. Look at society now, kids and parents terrified, cost of transport excruciating, opportunities for decent careers for the few, loans for small businesses withheld. In 2008 the experiment went wrong, the decline has set in and will only get worse if radical ideas don't emerge.
Yay! Let's nationalise the railways, that way the next time Southern Rail drivers go on strike, it won't be just their drivers going on strike, it'll be the whole bloody national network. I can remember the 1970's, obviously a lot of people can't.
Watching Labour perform their antics reminds of watching the MUPPET SHOW.
Stick to watching the muppets, its perfect for your level of intellect.
@@EdenM911 I could watch it with f*ckwits Corbyn,Abbott and Thornberry...Beauty
Uk will be dead if these clowns get in ...
Lloyd Gittens I hope you’re joking and that you’re not that much of an idiot
It's dead already under Doris Johnson and his right wing fascists.
@Lloyd Gittens That's the same views the Natzis had in 1939, and you people call everyone else Fascist, lol, the next time the circus comes to town ask them for the job of chief clown.
@Wuotans Krieger Truth is painful.
you're welcome to leave
Tories wreck the pound 25%⬇️
Labour is insisting on the kind of worker protections & consumer rights laws that already exist in Scandinavian countries. And multinationals will have to start paying their taxes. When did the FT hire Chicken Little?
Also want to confiscate people's cars and mandate veganism.
Finnish guy here, the workers protections here are wrecking havoc to our businesses, if somebody is slacking at work, it is very very hard, if not impossible, to get rid of them. We have way less jobs than we would have otherwise because of this, and our work force has large sections that seriously slow down the work process, as others have to pick up their slack, since we can't fire them and get someone willing to work.
Forgot to mention payback for the Unions / momentum can I suggest 100 million? Tell joe public it’s for training purposes , it worked last time ,
Much better than sliding the DUP a billion quid to prop up a shambolic government
EdenM911 so you agree with me but as it’s an inconvenient truth you dig up something bad from the opposite side in the hope that will make things look ,, not so bad , ok. What about labour being investigated for antisemitism, Labour MPs calling the party Jew haters etc. Disgusting behaviour , defend that , ?
When "big business" is uncomfortable about ANY future Chancellor, regardless of party affiliations, you can be assured it is in the best interest of consumers and tax payers! Capitalism will NEVER represent the interests of the man in the street, or the worker, or the tax payer! It is THEY, as we speak, who are SUFFERING at the hands of an administration hell bent on furthering the interests of "big business""! This is the same for the US as well as the UK, and to a certain extent, the EU too!
The widening social divisions and decreasing social mobility, will mean an increase of the appeal of socialist principles! It's a fact of political and economic life!
It seems strange that the financial world deem "anything" to do with Labour policies not supportable , but if its a tory policy well thats fine.
How can there be such a mindset amongst our financiers and business people , turning this around it presumes say Labour know why the business community wont vote for them but continue down the same road and drive into a ditch every election , one would think Labour would offer a different strategem to garner votes , yet it appears that the financial/business community only look at voting tory?
Is this some sort of sinister club that once your a member theres no independent thinking allowed?scary.
The left are stubborn and all about changing the world how would it look if they sold themselves out to get votes ?
There are a lot of assumptions here. That huge increases in public spending can be funded without consequences for the real economy, as private investment, enterprise, job creation, and individuals’ spending all go into reverse. That publicly run enterprises will pay the same level of profits back to the public purse as privately run ones, whereas they usually end up operating less efficiently and requiring subsidies from government. That socialism is good for ordinary working people, whereas they’ve nearly always ended up making them poorer and more likely to be unemployed. That a social revolution can be implemented in a positive way, whereas every such experiment around the world has failed.
Indeed, its a good idea. We just need to find the correct species to implement it.
Aspartame69 - As to your pre-edited comment ‘care to point to a country where this has worked without being propped up by oil money?’. None, and even those that were propped up by oil money, such as Venezuela and, to an extent, the Soviet Union, still totally failed to make it work.
As for your edited comment, economic realities always get in the way of even the most relatively benign of the socialist species, like Castro for instance. ‘Fairness’ and the real world of economic self-interest are two totally disconnected subjects, which cannot be forced into co-existence no matter what species was in charge. Even if that species resorts to the extremes of violence and murder to try to do so, as with Stalin, Mao, Kim & Pol Pot, or of nice speeches and exhortation like Chavez, Castro, Lenin & Ortega.
@@Benzknees Wot u talkin 'bout about boi?
Labour are only proposing to restore the same economic model that saw Britain through a couple of world wars and then the recovery of the 50's and 60's, despite handing back an empire. It's the same model that works fine elsewhere in Europe. Even the Victorians saw the benefit of having the post and utilities in public ownership.
Hillary Trump - So you want to go back to times when the majority had no inside toilet, no bathroom, no car, no fridge, no TV, no central heating, no foreign holidays, limited tertiary education, and limited opportunities to change jobs or start businesses?
Britain grew slower than all its major competitors from 1900-1980. It has grown faster than most since 1980. And that has transformed the lives of the average person. The sole reason for this is that the economy became more efficient, through deregulation, privatisation, lower taxes to incentivise investment, businesses and individual workers.
Advocating a return to the policies of a less successful economic past is madness. Especially when you can see exactly what a more intrusive state has led to in countries like Italy, Greece, France, etc. in terms of low growth, high unemployment. Or when you can see what happened in Britain, when a private Railtrack became a public Network Rail, now needing double the number of staff to do the same job, much larger subsidies, and a record of producing the majority of delays on the railways.
@@Benzknees Seen and agreed
Oligarchs may pay well to maintain their offshore banking immunity, just a thought.
Does the word Radical resonate with the general public?
Yes, yes it does
Judging by the election, I'd say no.
Austerity has not worked in the UK or anywhere else as it shrinks economies reducing tax income and spending. Boris wanted to make a Queens speech but cannot produce a manifesto yet. But suddenly after 11 yesrs of austerity wants to invest in the Uk. I like Jeremy Corbyn because he speaks up for ordinary workers and the oppressed. And he has consistently advocated increased equality through fairer taxation and increased investment. Both factors increase growth. I choosemy friends mainly on the qualities of kindness and honesty. Boris is a proven liar. But despite the press slagging of Jeremy Corbyn they have not uncovered lies or scandal. Please don't let the UK be led by liars.
Well it's not exactly radical is it. We have seen this all over the world in failed states. From Soviet Russia to North Korea, Venezuela, Cuba etc.
and china. chinese communists are doing a very bad job. we all can see that, can't we? china is poorer and poorer every day. the people there fall into poverty, infrastructure is crumbling...
I wish the US had a party like the labor party
It's not worth it because of the electoral college which I detest
Someone then don’t focus on becoming president but focus on people getting into congress as well as local and state races
Really you are an idiot the Labour party has destroyed our democracy ..And as your from the United States keep your mouth shut and your nose out of British Politics ..You know nothing of the united kingdom only what the biased media broadcast and every media corporation wants remain because they all get EU funding ...So stick that up your posterior ..Fuckwit..
Alpha guy Stadt I’m a Tory so I’d say you shouldn’t want it. But you literally have Bernie sanders, who shares most policy ideas with the the Labour Party
You shouldn’t, you’re lucky that you don’t have the Labour Party in America. They ruined us in the 70s, the 90s and the 2000s; they won’t ruin us again.
Exciting stuff - we can stop the widening wealth gap and begin investing in people rather than capital.
idiot. you need capital in order to invest in people. a corbyn government would see huge capital flight out of the City and banks. why are left wingers too thick to understand this?
If you want to make good tax revenue, you have to keep those big companies inside the country! If you put up tax too much all of these big companies will simply up sticks and move somewhere where the tax is lower, ergo - less tax revenue.
Understood?
@@revolucion41 are you quite insecure? Your comment gives that impression. Don't worry it gets better. X
@Jake L by that logic, Jake we should not invest in anything as it doesn't directly go into our bank accounts which is, if I may say so, a little silly. The state can act as a good regulator of money and help to circulate it. None of these ideas are particularly new or redundant. They work perfectly well in some countries on the continent as is mentioned in the video.
@Jake L that's not true.
Illegitimii non carborundum that doesn’t change the fact that the money that would be “put in our pockets” doesn’t come from thin air. I’m sorry to disappoint you. It comes from taxes.
And yes companies are multinational but it’s when companies have their HQ in the uk, that’s when they pay more tax. And if there’s a higher tax, they’ll bugger off elsewhere and take their precious money trees with them.
how do we get straight back to the 1970s ? - oh right. thanks for clearing that up
i want that ten minutes of my life back FT
also i wish i could dislike this trash twice
I hate them to the core of my soul for what they have done to the indigenous working class British people and hope they rot in hell - they deserve to be cursed for what they have all done to this country
rachel469 Ah, I see. It wasn’t Thatcher that closed all the mines, it was the FINANCIAL TIMES ALL ALONG
@@orangebanana845 Harold Wilson closed more mines than any other PM
we seems to have a collection of 10 minutes losses these days :@-)
@Tariq Hassan Yeah sure, communists would always be in favor of austerity.
Idiot.
Always with da xylophones! :p
ruclips.net/video/ExADRo71j2w/видео.html
These people are insane
if the made it mandatory that all companies doing business in the UK had to have a UK registered office they could not avoid taxes by using tax havens.
Unfortunately it is anything but as simplistic as you try to present it. Historically Starbucks paid tiny rates of tax in UK despite huge turnovers and did so quite legally. Their reputation suffered as a result and they voluntarily paid. They had offices in UK and were registered. They were taxed in other jurisdictions. Other firms who have registered offices in other countries with higher tax than UK loose that tax revenue in a similar manner. In any event, unless you are a tax expert, this is a stunningly complex area and your simplistic view isn't helpful.
@@james09995 so why dont we do what the usa does and tax uk companies profits made abroad?
@@james09995 i get the impression that no one wants to sort out the problem and if there was a incentive then it would be changed very quickly
@@james09995 or invade the tax havens and put them under direct British rule
@@chesterhowardclarke969 TI think you are bang on the money!!!!! I do know that there is a huge effort going on presently to sort out issues such as this across the globe. I was never smart enough to be involved in tax but I have relations in US who are involved at the leading end...they are trying to balance the very thing you say....if it is taxed in one jurisdiction it is lost in another....to avoid Starbucks like scenarios where they pay virtually nothing in some countries and nearly all in low tax countries....it's legal but there is a bigger issue to balance. ALso the issue of where companies trade and thence their exposure to tax.....where, for example do FB trade....France, for example is proposing a data tax....ideally US would want that tax....etc. so there is a huge global bun fight ongoing
Tony Blair > Jeremy Corbin
That awkward moment when you're not actually ready for a GE.....
Who doesn't trust a lobbyist? Anyone? Oh, everyone, ^oo^
Shops provide a public service
Cornyn couldn't run a bath
I've been a Labour voter all my life I'm 55 now and I'm sorry your lack of direction and transparancy on the most important issue in our lifetimes my vote will be going elsewhere I say that with a heavy heart
i hate people who vote like that (constantly vote for one party every election), because it effectively states. I will not, and have not questioned the policies being acted by this party. which is why i don't vote based on party. i vote on morals and policy, because you are supposed to challenge your government and how it is to be run.
@@rat_king- hate lol says a lot about your personality I'm afraid
@@geblythe, i hate people who are entrenched in there party. they always ignore the other side and won't discuss things with them. You listen to all sides and polices, you are not an entrenched moron
Rat King your just full of hate rat king as I said a personality defect ..I don’t hate people I disagree with .you just have a different opinion than myself ..go through life hating everyone who has a different opinion or a different way of living their lives or a different way of using their political options . I’m sure you will live a long happy life
@@geblythe wow, focus on the emotion not the moral quandary. you will remain meek and politically meaningless if you focus on emotion not morals prepare for a flippant and unstable government
Maybe corporations shouldn't have a monopoly over public services... "radical views" 😂
@@DubtheKing997 That depends on the public service. Railroads, for example, are a classical example of "natural monopolies". Since no one is going to build even two parallel competing railroad lines, a company in possession of any railroad segment has an automatic effective monopoly over that segment. The same thing goes for almost any other kind of public infrastructure.
@@iliakorvigo7341 I think logic is pretty simple: Everything needed for basic society functioning should be nationalised. Businesses are meant to make money, tech, innovation and should be kept out of society vital functioning organs.
They give it all this about helping the poor and then go back to their easy lives and nice houses.
Dianne Abbot in charge of MI5.......Please!! What sentence did her son receive??
Labour government would mean stability, regulation and growth from the a base level.
These things will have a long term beneficial impact.
Short term would see an initial dip due to hyper partisan media attacks, then a levelling out as the realities and changes sink in.
Regulation only benefits large corporations.
@@sebastienholmes548
Most regulation benefits the public.
For example; all electrical goods must meet set rules & be tested to ensure it's almost impossible for someone, esp. children, to electrocute themselves.
If the older materials fire standards were externally monitored then Grenfell would of never happened.
@@2011dyrose the economic illiteracy of Marxists never ceases to amaze me.
@@sebastienholmes548
I'm a test engineer.
I deal with standards, regulations & regulatory bodies every day.
I know full well the importance, and cost, of every rule. Even done lengthy calculations in the likely failure modes of household devices.
I know without these regulations & enforcement bodies we will see higher rates of "accidental" deaths, which will mostly be children.
Regulations saves lives, even the financial ones.
@@2011dyrose then why aren't we seeing these mass deaths in countries with less regulation?
About as radical as a moderate Scandinavian politician. Britain needs a change. Get em Jez!
Yeah! JC4PM til total victory ✌
Sweden has a private rail system
@@johnsamuel1999 Norway has a public system
BMW Germany corporaton makes 4 billion turnover, but after regulation costs, pay workers, pay express = 500 milion euros . BMW makes $5000usd net profit off each BMW built in Germany
We need Labour, if we could have another government like Clement Attlee's after the initial worries businesses may have I believe our economy would go on to thrive and the people would finally have a government they feel works for them.
Why does nationalization have to occur? Why not just start a government owned and funded railway company instead? Let’s have some competition between private and government railway companies.
This will lead to better service and lower rates for the public .
Because then they would have to fork over a huge amount to get it started. Much easier and cheaper to just nationalise.
J R Agreed. But forcing owners to sell their companies at non - negotiable prices is literally extortion .
Just because the government does it for public good doesn’t make it right
@@johnsamuel1999 I know. I'm completely against nationalisation. I'm just explaining why they can't set up a public competitor in sectors which such high costs of entry.
J R yes but unlike private companies , governments don’t have to worry about profit and debts .
They also have a lot more money to invest due to taxes.
It not a question of money but a lack of will for why the government wants to nationalize private companies .
@@johnsamuel1999 I'm sorry but I couldn't disagree more with that statement. The government certainly does have to worry about debt. They can't just magic up the money to but private assets, they must borrow that money.
The last time we had a left wing Labour Government in 1974, corporation tax was 52%, basic rate income tax was 40% and the highest rate of income tax rate 98%. If these people seriously think that anyone with any money (not just the rich) is going to stay in the UK and let Jeremy Corbyn tax them to the hilt, they’re insane. The super rich, rich, high earning professionals (eg doctors) and those with their own small businesses will all leave the UK taking their money with them & those who have no escape from PAYE (ie those mug enough to work) will see their tax rate soar.
Why does Iain Anderson speak like he’s just taken 5 pints of Special Brew anally?
You mean he's a homosexual
So how do you feel about what Kier Starmer is doing?
The Labour party used to be a working class party they are now regarded by many as a ethnic party and hence their disastrous election campaign.
We would love to pay our legal taxes because we recognise our success owes everything to the nation's infrastructure and education system. Even if we afford private medicine for ourselves and private schools for our children we rely on millions of employees who depend on the NHS and social care to fall back upon. We totally see that hedge funds are sociopathic and ultimately destructive.
You're crazy- ffs! Hedge Funds raise peoples standard of living! They invest in the same markets as everyone else; they are doing the same thing as everyone else, except they take more risk!
That's it.....
2:13 OH NO OH NO!!!! UBI! CONSUMER PROTECTION OH THE HUMANITY!!!
People > Business.
And if you lot won’t do what’s right, we’ll have to do it for you...