Labour could change the UK for (almost) nothing
Labour governments have a long history of changing this country with measures that cost the government very little, or nothing at all. In a new video series - which will go on for some time - I am going to suggest how Labour might do that now. It’s time to be positive about the changes that Labour could deliver without any arguments about economics.
#uk #politics #economics #labourparty #primeminister #parliament
ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.
This video was edited by Thomas Murphy.
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Starmer's Labour has willingly allowed its hands to be tied by corporate power, billionaire moguls and Blairite ghouls from the past :-(
There's plenty of money left in the pockets of the grifters and their sponsors. All Labour have to do is get it instead of taking on the role of grifters.
Remember PFI were going to get more of the same, a Privatized NHS.
Labour should dump the whole of the UK's anti Trade Union legislation in the waist bin.
@paulgibbons2320
14 күн бұрын
It can't realistically do that.
@Minimmalmythicist
14 күн бұрын
@@paulgibbons2320 It could very easily, it´s one change that wouldn´t cost a penny. Indeed, the Spanish left coalition government did just this. They repealed the laws making it harder to strike.
@Towertrips
14 күн бұрын
@@Minimmalmythicist how do strikes make the country more competitive? Unions encourage lazy workers
@UchewbRantifreespeech
14 күн бұрын
Or dump the Unions who have destroyed so much in the waste bin?
@paullarne
14 күн бұрын
Back to the 70s with crippling strikes etc. NO.
That won't happen with Labour or any Government that has a P.M. who prefers Davos to Westminster. Expecially when it is rumoured that Blair could be the next to head the W.E.F.
@RobinHarris-nf4yv
14 күн бұрын
Boring conspiracist nonsense. And Starmer doesn’t prefer Davos to Westminster Grow up
@mmcc5846
14 күн бұрын
You grow up kid starver is a Zionist and a genocide lover he publicly admitted it @@RobinHarris-nf4yv
@davestevenson9080
14 күн бұрын
@@RobinHarris-nf4yv Starmer is a member of the trilateral commision, WEF young global leaders, Fabian Society, and London Liberal Synagogue. Wake up lol, none of these things are conspiracy - they are open fact.
@EldenLordOrvik7790
14 күн бұрын
@@RobinHarris-nf4yv Jan 19th 2023 - on “the News Agents” podcast, he was asked which he preferred - Davos or Westminster, and he said Davos because Westminster is “too constrained”. Why lie? All you had to do was look it up.
@pausereflect5911
14 күн бұрын
The UK Government is already subservient to other interests that are not Good for the country. Someone says it's conspiracy. I think not.
Let’s start with returning workers rights for collective action, and making zero hours contracts and fire& rehire illegal.
@Towertrips
14 күн бұрын
And watch unemployment soar
@nigelmckay5915
14 күн бұрын
Yep. It worked well in California, Newsome introduced a $20 hour minimum wage and 60% of shops shut
@keithparker1346
13 күн бұрын
Labour couldn't even do the thing about making it illegal for your employer to contact you outside of work hours...they backtracked on that
@Towertrips
13 күн бұрын
@@keithparker1346 it’s called work, that’s a four letter word to most lefties
@georgepeel1484
13 күн бұрын
@@Towertrips Hogwash.
Tax the holders of the wealth assets! The people who own the debts, the infrastructure, the buildings don't pay tax due to having accounts and living status abroad. They should pay. Otherwise they're just stealing from us.
Ban foxhunting. They've had 20 years of self policing, yet the modern use of drones by hunt sabs has shown the ongoing breaches of hunting with hounds law. They've had their chance, taken the piss, so shut them down. Also bring in Scots law across the UK to better protect endangered species (especially raptors) And increase UK national parks in terms of both area and quality to meet international minimum standards. Niche stuff - but it could be delivered by DEFRA in short order with little cost.
We can always hope. Tackling poverty should be number one priority and removing the two child benefit cap a must.
@witlesswonderthe2nd883
14 күн бұрын
No simple tax code changes would be easier and more cost effective, just by raising the tax band to 20-25 k a year earnings before you pay tax would put money directly into peoples pockets. Will never happen though because that gives people more control over their own lives and earnings. All governments love the back and forth of form filling to show the public who is boss, plus it creates well paid none jobs with gold plated pensions.
@davidclark1545
14 күн бұрын
@@witlesswonderthe2nd883never understood why we have two departments, one to tax tax from you and another to give you tax credits back. Just change the bloody tax codes and get rid of half of them.
@kevinwells768
14 күн бұрын
@@witlesswonderthe2nd883 ...what gold-plated pension would that be? And how would you make up the loss of tax take up to £25k without impacting public services?
@keithparker1346
13 күн бұрын
@@witlesswonderthe2nd883fine and dandy if you're working but what about people who are not?
@user-xu5vl5th9n
13 күн бұрын
Global warming is the number one moral cause for Starmer. It is an "emergency". Poverty will have to play second fiddle, despite the fact it is a real global emergency with people dying right now. Which is unfortunate because proposed actions on the former are likely a catastrophe for the latter, not to mention the fact that more people die from cold weather and deaths from extreme weather have fallen enormously.
De-criminalising drug use would involve no cost,save money on policing,courts,prison,probation etc,and could even produce revenue by licensing and taxing the drug industry.
@helenheenan3447
13 күн бұрын
Legalising even better.
When Labour won't even acknowledge the inherent and gross unfairness of *how* they gained their massive majority far less plan to do anything about it, I reckon it's not being cynical to doubt their capacity to do what Murphy is suggesting.
@InnuendoXP
14 күн бұрын
Well you look at how much of their base support they lost pursuing this strategy & how watered down their policies had to become, I doubt Labour 'wants' this state of affairs for achieving power for power's sake. But I don't see why they'd draw doubt to the legitimacy of their mandate to govern as soon as they're elected either, the media would have a day.
@RobinHarris-nf4yv
14 күн бұрын
Nothing unfair about Labours win. Labour got more votes in 412 constituencies
@timwoodger7896
14 күн бұрын
Reform gave labour the chance to get into power, thank Farage because before he entered the race the Tory’s still could have held them off and I’m sure they could have created a coalition.
@modularmorne
14 күн бұрын
@@RobinHarris-nf4yv problem is first past the post, 59% of voters actually voted and labour got 34% of the vote share yet they get 63% of seats in parliment. First past the post is a joke
@scoates9910
14 күн бұрын
Like the Tories did when they got their sizable majority under that clown ? Couldn't care less, labour are now in charge now and that bunch of wasters are history.
Having been interested in politics for many years, I’ve always listened and compared. Westminster governments seem unable to consider looking outwards, at other Countries, to see how things are done differently and possibly better.
@Minimmalmythicist
14 күн бұрын
Politics tends to happen in a mental bubble in most countries, people are not used to critically thinking in that way. Things that seem "far left" in one country are taken as normal in another.
@adenwellsmith6908
14 күн бұрын
NHS. Research Beveridge and Bismarck systems to see why the NHS needs to go.
@shaun906
14 күн бұрын
they do? Gordon brown toured the world explaining how to use QE to reliquidate banks after 2008. you are told what they want you to hear. in the Tories case its 'government is rubbish, fend for yourself', so i can see why you believe what you do.
@adenwellsmith6908
14 күн бұрын
@@shaun906 Brown was lying. The bank bail out was the SLS. Special liquidity scheme. They made a 35 bn profit on that. QE is different. The actual mechanism is the APF Asset Purchase Faciltity. It's a private company, which, for a change, means you can see the accounts. So what have they done with the money? You look at the balance sheet to see what they have done. It's all Gilts. They have lent the money to the state, the state has increased the debts. No bank debt involved.
@Minimmalmythicist
14 күн бұрын
@@adenwellsmith6908 there´s no evidence that the NHS needs to go, the NHS is better than the German system in some ways, worse in others, but even if the German system was theoretically better, it would cost a tonne of money to move to a German style system and wouldn´t be worth it.
Labour now is no different from the Tories.
@keithhooper6123
13 күн бұрын
W.E.F. controlled.Labour will continue to destroy the country.
There's plenty of money, but it's sitting in offshore tax havens.
Just to confirm, I will be watching the series, go knows we need the solutions!
We desperately need fair rent controls. They had the debate and changed the law so tennants can have a pet instead 😂 I don't think our parlintarians who are 80% landlords ever seriously considered rent controls. Do you ? 😂
@user-xu5vl5th9n
13 күн бұрын
Labour promised to abolish section 21 "no fault" evictions from "day one". How's that working out for y'all?
@Mike-lb1hx
13 күн бұрын
rent controls are just shooting the messenger, the current level of immigration (1.2 million) the UK needs to build 500k houses per annum for them alone based on average occupancy levels per property. This is on top of the needs of the rest of the population at a guess 250k so a total of 750k per annum. This level of building is impossible.
@paulgibbons2320
13 күн бұрын
@@Mike-lb1hx yup This is a different issue. Blair returned the magna Carter and serfdom via the back door. The rich living on the backs of the poor.
Labour is now the New conservative party and conservative Government. Labour has completely lost its way and will never be the same again.
One big caveat is they don't want to make things better. It's a government of managed decline.
We can always hope.
This is a great idea, and I like your suggestions which I've been watching - thank you very much! 🙏
But they won't.
@adenwellsmith6908
14 күн бұрын
More debt, more debt, more debt. Asset strip the workers even more. Import more poverty Hide the numbers. Politicians to loot more personally.
Agree Richard , 🙌
Sadly, the newly elected UK prime minister is on record as saying that he prefers the policies of Davos and the WEF to those of Westminster.
perfect, thank you
I think that the "mainstream" parties in the UK are gripped by austerity mania, they can´t think about problems any other way. To give the new government their due, one thing I think they will be better at than the Tories is day-to-day running of government departments, but that´s not enough to sort out the big structural problems the UK has. There are plenty of decent policies we could implement that wouldn´t cost the government a lot as you say, i.e Corbyn´s policy of requiring companies to give their workers shares and seats on the board of directors is a great one. Another good policy would be to give workers protection from unfair dismissal after 6 months instead of two years. I think it´s utterly ludicrous to think that any employer needs two years to decide whether or not someone is competent enough to do the job.
Labour couldn't change the bedding on the bed. They are all corrupt and belong in prison
Amuses me that a Universal Basic Income could slash the wasteful jobs at the DWP. They could be transferred to HMRC where they could chase the real criminals.
Think I can guess one or two of the topics (clean up corruption in WC1 perhaps?), but look forward to seeing the series.
Since the Thatcher Government not just wages, but the terms and conditions of workers have been eroded. Final salary pensions are not available to blue collar workers and youngsters leaving school and university. In addition, some graduates have huge loans and the nationalised industries are owned in most part by foreig nationalised industries and pension funds.
Lets hope Labour are watching
❤ Hopefully
Social Tariff on all utilities would cost £millions but it would save £billions in health & social consequences.
I believe zero hour contracts are in their sights probably soon.
It may be true to say there is no money, but if not it's very convenient argument for inaction. After the war the country was bankrupt, however, it was not used as an eexcuse to do nothing!
2 days. This already hasn't aged well.
I think i see what you mean, while i have concerns for labour, i also hope they will improve peoples lives. They now have the power. Lets hope they use it properly. But i wont get my hopes higher than that.
Ohh they most certainly are going to change the country. Alas it will not be for the better.
Ok do everything you want but only one thing. No wealth tax. All other options on the table. Do you have anything else?
We might get a pound of carrots 🙂
❤
As soon a Labour got in here is all the Unions announcing industry action. Typical, people have such short memories. Welcome to the 1970s.
@Redf322
12 күн бұрын
So there was not hundreds of people on strike recently under the Tories?
@user-wo6qn3vf9n
12 күн бұрын
Yes, but got nowhere. The Labour Party will give into them. I never mentioned the Tories.
😢
When you say change, do you mean improve?
They will definitely change it 😂😂
Changing the UK by changing our constitution is a bad idea. Labour is looking to "progress" through the dilution of British culture and the installation of hard left policy. The reason we are in such a bad place is due to Labour. The changes they have made have been, mostly to the detriment of Britain, not for the better. It was Gordon Brown who essentially contributed to the banking crash in 2007 which plunged us all into austerity. Austerity, which they then spent 10 years blaming everyone else for. All of that, along with the PFI deals. Most people have forgotten how bad Labour were. And that is how Labour win, they rely on people with short memories and those who don't understand what they are doing in the background.
@jamesbarbour8400
13 күн бұрын
It was actually the selling of so called Sub Prime Mortgages (giving mortgages to people who had no real chance of paying them back, due to their low paid jobs and hence less disposable income), that initiated the 2008 financial crisis in America, courtesy of Lehman Brothers. Much as I despise both Gordon Brown and Rishi Sunak, the 2008 financial collapse had nothing whatsoever to do with them.
Under Starmer?
I bet you £10 they don't.
The closing muzak is a terrible idea.
Even though Labour has the Trade Unions at its heart, they will help the farmers, food makers, and manufacturers first. The only way that the UK can trade with the EU, is to enter into the common market and the custom's union. They need not join the political union. All it takes is the safety of food, goods and products that businesses already understand. Get trade working with the EU. They have the best universal standards that have never been rejected by the rest of the world.
@Redf322
14 күн бұрын
We have kept most EU standards as we need them to trade with EU, and as you say most of the world. The nearest to what you are saying is the EEA. But free movement of goods requires free movement of people. Some people on here don’t like that. Farage said he would never take us out of the Single market and Customs union.
@keithparker1346
13 күн бұрын
The common markets long gone
You bashed Labour in previous videos and I was ready to unsubscribe, since we should be lucky that the Tories are finally out and you bashed them before they've even moved in yet so to speak. So thank you for trying to take a more positive approach. Could Labour take a page or two out of the 'Deficit Myth' book, which argues that you can kick start the economy again without relying on tax payers money?
Hi Richard, I look forward to seeing your positive series of videos. I get so tired of Owen Jones, Novara etc just producing the same old stuff moaning about Labour, it just creates divisive echo chambers. Labour have just taken on James Timpson as minister of state for prisons. He will want to to look at rehabilitation rather than imprisonment That’s a positive change. Labour want to look at the Canadian model,of massive childcare subsidies….Canada have worked out it’s possible to make childcare very cheap and the increase in parents working brings in more revenue than childcare costs. Labour want to negotiate reduced trade barriers with EU, esp on agri foods. These are all ways to make positive change without huge cost As I said Richard, why don’t you reach out to Phil Moorhouse or Van man talks or others. We really need the left like you Richard to engage with a broader spectrum….you may not agree with Phils support of Labour, but you could both use your knowledge to create really interesting content.
@Redf322
14 күн бұрын
It isn’t his support of labour people don’t agree with it is his constant punching left.
@RobinHarris-nf4yv
14 күн бұрын
@@Redf322 Phil Moorhouse is the left
@abody499
14 күн бұрын
"divisive echo chambers" - yeah those are 3 words that always signal a level 1 dweller, and especially "divisive". whenever I see or hear that word, I know it's being used by someone with no concept of the difference between an arse and an elbow
@keithparker1346
13 күн бұрын
Van Man is a political dunce ffs
Reign in the restrictive free speech legislation. Cancel hate speech legislation against belief systems or at least make fact and truth overrule belief.
@abody499
14 күн бұрын
it would be ok if people like you understood what the concepts of fact and truth actually mean
@DeeCee-nb6ev
13 күн бұрын
@@abody499 who are these people like me?
@abody499
13 күн бұрын
people who use a veil of free speech rhetoric to conceal prejudice and superficial exclusive identity politics agendas. please explain the concepts of fact and truth that are referred to.
@user-xu5vl5th9n
13 күн бұрын
@@abody499 Facts and truth like men becoming women and vice versa. It is the people living in their own post-truth bubble who want crackdowns on free speech.
In the 1980s labour despite having huge union following did nothing to stop the outsourcing of most of our industry. They also did nothing to stop the Poll Tax for people who were made unemployed. They thought it was fine that some one who had millions paid the same amount of poll tax as the newly unemployed. Teaching our children that they can be any rainbow colour they want to be is a crime against humanity.
@davestevenson9080
14 күн бұрын
And when blair came in he started the invasion of britain which is the source of most of our problems today such as housing costs, energy bills, inflation. Have never understood how the left have this huge blind spot when it comes to immigration despite being more sensible everywhere else
@cliffhughes6010
14 күн бұрын
I don't regard New Labour as Labour.
@radiosnail
14 күн бұрын
Labour were in Opposition. What did you expect them to do?
@shaun906
14 күн бұрын
you do know once a party has a majority its impossible to "stop" the government? unless they have rebels? 3 line whips ring a bell? that why this super majority was BS, i guess you sucked in all the bs?
Labour should make real 'change', just ditch 'subsidy junkie' Scotland, more cash in England's pocket. Can't fathom why they don't seem keen to do that. 🤔 Got any spare 'change' please SIR!
Rather than protecting those in precarious situations, the minimum wage was instrumental in driving down living standards. Not all change was positive.
Labour need to change its stance on Israel and Palestine. Would you advocate for ceasefire and Palestinian statehood?!
@keithparker1346
13 күн бұрын
We could you know even stop arming and sending our RAF to help Israel
I know where exactly you are going with this change with no cost pitch. You want to about gender altogether , gender is fluid, women have penis, pregnant person, they, them that sort of cultural shift at no cost.
Change it for the worst 😕🐍🐍🐍
Labour will not be around much longer
Change the minimum tax code on migrants to break even. 38,500 a year.
@witlesswonderthe2nd883
14 күн бұрын
Needs to be nearer 80k with the dependents they’re allowed, even then at that they’d still be a drain
@Redf322
14 күн бұрын
They are not a drain its small monies relatively. You are being dog whistled.
@adenwellsmith6908
14 күн бұрын
@@Redf322 so how about a compromise? You say they aren’t a drain. That means none will be affected by a minimum tax code of 38.5k and a no welfare policy
@user-mj5bl5dy1b
14 күн бұрын
Skilled workers are needed ..Many companies need these workers Raising the tax won't help the UK
@adenwellsmith6908
14 күн бұрын
@@user-mj5bl5dy1b So skilled workers. Workers who generate more tax than they cost. Otherwise you are just acting like a plantation owner who says, who will pick our cotton? You mean we have to PAY workers? 38,500 for each adult economic migrant, a minimum tax. Skilled workers of course earn more than that so aren't affected. it's the unskilled and the non working migrants who then have a decision to make. Implementation is easy. NI register contains the details. A simple DB query, and the letters/emails go out to employees. The money rolls in next month. Next, all economic migrants should have to fill out an annual tax form. We then send the demands out for any short fall. So its a compromise. You say they are skilled high wage earning migrants. The change won't affect them will it? But I know its the opposite. The only people who object are those with that plantation owner mentality.
Think you need to move to another planet
Minimum wage wasnt a benefit. It has consistently outpaced the natural market wage growth. People like to talk about raising the floor because it makes them feel good. Raising the floor might seem like youre lifting people up, but in actuallity minimum wage is a net, a net more find themselves caught in and yet more feel drawing ever closer. I worked in electronics 30 years ago. It used to pay roughly 2.5x what a shelf stacker would earn, now the difference at tech level is about 8k. Its not worth the additional education and years of training to earn 8k more. Many on building sites and other industries not doing piece work are in the same boat; their wages barely rise year on year while the net draws ever closer
@Th3_Gael
12 күн бұрын
Thought I'd add another thing. Remember the days where someone who had done badly at school or possibly dropped out could get a job sweeping the floor, and if they showed enough interest, and enough grit they could land an apprenticeship. Minimum wage took that away. It now costs too much to take someone on to do a menial job the skilled workers should be doing themselves anyway Talk to people your own age or older and ask how many used to get their break that way
The minimum wage was an absolute disaster for those of us who were young and struggling when it came it - it pushed wages down considerably, and we could see it happen before our eyes. Before, you'd go into a job centre and there'd be a range of pay and competition - if they were serious they had to pay up. Suddenly everything was stuck at the (too low) national minimum wage, and there was no variation or choice if that was your only option. Employers gave everyone the same blank answer - "it's the minimum wage", end of conversation. Worse, it created a huge illegal pay market, where people paying cash in hand for off-the-books jobs (off the employers' books i mean) were always paying less than it, whereas previously they didn't really know what to pay. Peoples wages in markets went down and down, not just in 'real terms' but simply down - by the time you counted in the 'unpaid' hours people were working for four pounds an hour. A minimum wage either has to be at a reasonable level, which of course it never is. But tbh, i had sympathy with employers too who needed flexibility to get their business off the ground, sometimes times are tough and you have to drop a wage, some times it's good you can pay more. The minimum wage was and is a straitjacket. (And then there's National Insurance, where hope you do a video on that - because nothing, absolutely nothing, is more of a handicap to starting new businesses, or getting a small job, than that. Introduced as a Lloyd George slight-of-hand to get it through, now just a lead weight on everybody).
@abody499
14 күн бұрын
"it pushed wages down" - no it didnt, capitalism did
@Redf322
12 күн бұрын
@@abody499exactly thats why they were struggling.
@fiction8909
7 күн бұрын
@@abody499 Easy to say from your armchair, but those of us who needed the money got less of it thanks to another poorly thought out and executed Labour plan. I'm all for dismantling capitalism, but if you do it by making the poor poorer while muttering glib memes you're not really winning.
@abody499
7 күн бұрын
sierra hotel uniform tango the foxtrot uniform charlie kilo uniform papa yamkee oscar uniform bravo uniform mike bravo lima india november golf foxtrot oscar oscar lima.
Immigration topic seems to be forbidden for Labour. They want to promote LGBT instead of dealing with immigration.
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@IbrahimFilipe
13 күн бұрын
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13 күн бұрын
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13 күн бұрын
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13 күн бұрын
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@DegeorgeGoswami
13 күн бұрын
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of KZread videos about it but I still find it hard to understand
Not paying equal pay for women, bankrupted the Birmingham Labour Party run council, so not always an accurate commentary by you.