{"id":17265,"date":"2012-09-12T08:44:24","date_gmt":"2012-09-12T07:44:24","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=17265"},"modified":"2012-09-12T08:44:45","modified_gmt":"2012-09-12T07:44:45","slug":"the-enlightened-economic-commentary-yesterday-came-from-the-floor-in-brighton","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/09\/12\/the-enlightened-economic-commentary-yesterday-came-from-the-floor-in-brighton\/","title":{"rendered":"The enlightened economic commentary yesterday came from the floor in Brighton"},"content":{"rendered":"

As the\u00a0Guardian\u00a0notes this morning <\/a>of Vince Cable's pretty\u00a0weak\u00a0announcement son a nascent industrial strategy:<\/p>\n

Joining up Britain's future needs and opportunities with its present capabilities is a job that will probably pay little reward to the politicians who begin it. For that alone,\u00a0Mr Cable deserves commendation. But he and the rest of our political class also need to be pushed much further and much harder.<\/p><\/blockquote>\n

What the omit to mention that an industrial strategy is not worthy of its name without stating its purpose. I suggested yesterday <\/a>that the UK is in desperate need of a\u00a0rebalancing\u00a0of the rewards in out economy. Real wages have to rise. The TUC tried to make that point to Ed Balls yesterday. When he told\u00a0them\u00a0that wage freezes will have to remain in place they, rightly, booed him. They know that if that's the\u00a0plan\u00a0the dominance of the\u00a0financial\u00a0services sector and the misery it has wrought will continue. That's inevitable as\u00a0people\u00a0will remain slaves to debt unless real\u00a0earnings\u00a0rise and people are paid the just\u00a0rewards\u00a0for their\u00a0efforts\u00a0and do not have to borrow them\u00a0back\u00a0from those who have taken them. What is more, if that hegemony of\u00a0finance\u00a0is\u00a0broken\u00a0then there's no chance of\u00a0alternative\u00a0industries growing in this country: finance will simply squeeze them out.<\/p>\n

If that's the case the enlightened economic commentary yesterday came from those booing from the floor at Brighton. It's time they were listened to.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the\u00a0Guardian\u00a0notes this morning of Vince Cable’s pretty\u00a0weak\u00a0announcement son a nascent industrial strategy: Joining up Britain’s future needs and opportunities with its present capabilities is
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,73],"tags":[],"class_list":["post-17265","post","type-post","status-publish","format-standard","hentry","category-economics","category-tuc"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=17265"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17265\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=17265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=17265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=17265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}