Saturday 22 September 2018


Jim O'Neill

Terence James O'Neill, Baron O'Neill of Gatley, a former chairman of Goldman Sachs Asset Management, and a former UK Conservative government minister, is a British economist.

O'Neil is chair of the spooky Chatham House think-tank (Like the USA's Council on Foreign Relations).

O'Neill thinks that, in some respects, a Labour government would be better than the current Conservative government.

O'Neill is opposed to Brexit.

Labour Party leader Jeremy Corbyn is prepared to back a second Brexit vote

O'Neill writes at the ft :-

"I am not overly concerned by some aspects of a prospective Jeremy Corbyn (UK Labour) administration.

"In at least six policy areas, which Mr Corbyn and his shadow chancellor John McDonnell are treating as priorities, businesses and the Conservative government need to catch up."

O'Neil worries that the current Conservative government "has virtually no time for ... devolving powers and responsibilities to the urban regions.

"The Northern Powerhouse and Midlands Engine schemes now receive almost no attention."

O'Neill worries about Britain's productivity crisis.

Since the 2008 financial crisis, Britain has seen a 15-20% decline in GDP - "stemming from weaker productivity."

O'Neill writes:

"Labour's readiness to explore new ways of shaking up the status quo is admirable."

O'Neill points out that lower corporation tax has not magically boosted investment spending.

O'Neill writes: "we should stop cutting corporation tax to increase profits with little societal gain."

According to O'Neill, "it was once assumed that, when unemployment fell below a certain level, wage growth would accelerate.

"It has not happened."


O'Neill worries about chief executives being paid large sums of money, while their companies are failing to make Britain a better place.

O'Neill worries about the privately run railways and utilities being badly managed.

O'Neill writes: "The Labour party has stepped into the vacuum left by the Conservative government and appears to be offering the radical change that people seek." 

More here: ft

O'Neill is opposed to Brexit.

Labour Party leader Jeremy Corbyn is prepared to back second Brexit vote

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At 22 September 2018 at 12:40 , Blogger Kaivey said...


At 22 September 2018 at 16:27 , Blogger Stephen Gash said...

The English were never asked as a nation about devolution. Regional division of England has been persistently the most unpopular option for local government in England. Similarly, mayors have been rejected in referendums in several English cities, such as Birmingham and Manchester, but nevertheless, mayors have been foisted upon these cities, as well as others that were not even given referendums. England is the only EU and UK country without its own elected assembly. An English parliament has garnered more than 50% of the votes in surveys and polls, usually falling between 54% and 70% of the total, for the past 20 years, only to be studiously ignored by the British parliament and British (there are no English) media. English independence has often proved to be more popular in England than Scottish independence in Scotland. English independence would mean England's immediate expulsion from the EU (as would Scotland if it'd voted 'yes' in 2014) with no exit bill to pay and no Irish border for England to bother about. Scotland and N. Ireland could remain in the EU as they voted, while Wales could choose with whom to stay. English independence would solve everything, but the damnable British Establishment refuses to ask us because they know we'd vote to leave the UK as we did the EU. So O'Neill can stick his Northern Powerhouse and Midlands engine where the sun don't shine. Oh he can do the same with the "Borderlands Initiative" that no Englishman actually wants. The UK has robbed England blind for 311 miserable, long years.

At 24 September 2018 at 15:26 , Anonymous Anonymous said...

I don't buy it at all. Brexit is an American plot to asset-strip and enslave Britain, and divide Europe. Plus, if the Mail, Telegraph and Sun are prepared to lie and cheat to secure Brexit, you know it's bad news for the British people.

At 12 October 2018 at 15:16 , Anonymous Anonymous said...

American plot? Or Zionist plot?


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