Month: October 2017

Labour will slash energy, water and post bills through public ownership, writes KEN LIVINGSTONE.

THIS week, Labour outlined how through public ownership — and a commitment to putting people rather than rip-off private profits first — it will slash energy, water and post bills.

This could not be more needed, as the privatisation of key public utilities has seen household bills hiked up to pay for dividend and interest payments while the quality of service has often deteriorated.
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Recent economic reports were a damning indictment of seven years of Tory austerity, writes Ken Livingstone.

Last week’s Office for Budget Responsibility (OBR) forecast evaluation report says it will have to “significantly” lower its estimates for Britain’s productivity, blowing a large hole in Tory plans for the public finances ahead of the government’s November budget.

In particular, the revised figures point to the average rate of productivity growth of 0.2 per cent over the past five years as a more accurate guide for 2017 than the previous forecast of 1.6 per cent.
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