Tuesday, 27 June 2023

What Shall It Profit?

"Soaring corporate profits and soaring inflation do not prove that one causes the other," you say? Well, the IMF thinks that they do, but even so, inflation is certainly not being caused by wages so low that we are well into the second year of strikes over them. If Matt Hancock is worth £1500 per hour, then why are doctors not worth £19? Even for Hancock's supposed day job, is there any suggestion that a pay review body's recommendation to increase the remuneration of MPs might be overridden? Nor will putting up interest rates solve inflation after having failed to do so on 12 consecutive occasions. Yet what are we offered instead? Keir Starmer and Rachel Reeves.

But when I tell you that there is going to be a hung Parliament, then you can take that to the bank. I spent the 2005 Parliament saying that it was psephologically impossible for the Heir to Blair's Conservative Party to win an overall majority. I predicted a hung Parliament on the day that the 2017 General Election was called, and I stuck to that, entirely alone, all the way up to the publication of the exit poll eight long weeks later. And I say again that on the day that Rishi Sunak became Prime Minister, I predicted that a General Election between him and Starmer would result in a hung Parliament.

To strengthen families and communities by securing economic equality and international peace through the democratic political control of the means to those ends, including national and parliamentary sovereignty, we need to hold the balance of power. Owing nothing to either main party, we must be open to the better offer. There does, however, need to be a better offer. Not a lesser evil, which in any case the Labour Party is not.

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