Zero Hours or Zero Cash?

Matthew Taylor’s report on the so called gig economy seems worryingly conservative. He seems quite happy with zero hours contracts although as I always point out this transfers the onus of success from the swashbuckling capitalist onto the employee, who is rarely entitled to the rewards for success, but seems firmly gripped by the system… Read more

Clubcard Money

I was in Tesco the other day. Not something I’m wont to do – I abhor the place, having worked for a short time in a previous life for their opposition and supplied them for an even shorter time. It is not somewhere I feel particularly at home. But Tesco exists. And of course, having… Read more

The Co-operative Bank is not Co-operative at all, but real Co-operative Banking is now possible in the UK

It is a fact not universally acknowledged that the Co-op Bank never has been itself a Co-op. It was a bank originally owned by the CRS as a way of providing economical banking for their own retail operations. This was a surprise discovery made after attending a recent lecture by Tony Greenham who looks after… Read more

Calling it “Taxpayers’ money” creates bureaucracy

Everyone speaks of money as if the taxpayer created it and passed it across to the government, if not with outright hostility then certainly with great circumspection. But since the financial crisis we know that we spend first and tax later. Where otherwise, did that almost half a trillion of ‘Quantitative Easing’ come from? Was… Read more