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Do we have a problem of mass impoverishment in the UK?

Opinions clearly vary. Professor Philip Alston, United Nations special rapporteur on extreme poverty commented of the UK, “14 million people, a fifth of the population, live in poverty. Four million of these are more than 50% below the poverty line,1 and 1.5 million are destitute, unable to afford basic essentials.2 The widely respected Institute for […]

Was Austerity Necessary?

Even to ask the question seems absurd. We all know the answer: we have heard it so many times. As David Cameron put it, “To every mother, father, grandparent, uncle, aunt – I would ask this question.  When you look at the children you love, do you want to land them with a legacy of […]

The UK stands at A Crossroads

Boris Johnson has promised to usher in a new Golden Age. The UK, he says, will be “clean, green, prosperous, united, confident and ambitious.” The period from 1945-1980 was the Golden Age of Capitalism, followed by the Age of Market Capitalism from 1980 to 2015. As the chart below indicates, Johnson is quite right that […]

The Power(?) of Positive Thinking

Our new Prime Minister, Boris Johnson, is a big advocate of positive thinking. Indeed its power is at the heart of his plan to deliver Brexit, unite the country, defeat Jeremy Corbyn and energise the UK. The New Scientist claims that there may be downsides to relying so heavily on emotion and so lightly on […]

Genius Works Comments on 99%

Business guru Peter Fisk has posted this article about 99% on his Genius Works website.  It is a very good summary of what we are all about, so a great first piece of coverage. The median wage earner is poorer today than they were in 2007. This is mass impoverishment. Mark Thomas, a friend and […]

What is (Really) Happening to Jobs?

The government is delighted with recent figures for employment. Employment Minister Alok Sharma commented, “Our pro-business policies have helped boost private sector employment by 3.8 million since 2010, and as the Resolution Foundation’s latest report shows, the ‘jobs-boom has helped some of the most disadvantaged groups find employment’, providing opportunities across society.” And the official […]

We Need Heroic CEOs

The Guardian reports on former Unilever CEO, Paul Polman’s call for CEOs to become more heroic in their efforts to combat climate change and mass impoverishment. He is clearly right: while politicians clearly need to step up to do a lot of the heavy lifting, there is a lot that CEOs can be doing, too. […]

Busiest Summer for UK Food Banks

This Summer could be the busiest ever for UK food-banks, according to the Trussell Trust , the largest provider. Between 1 April 2018 and 31 March 2019, the Trussell Trust’s food bank network distributed 1.6 million three-day emergency food supplies to people in crisis, a 19% increase on the previous year. More than half a […]

Publication Date Brought Forward! Now available from 8 August

The publication date for 99%, which was originally 29 August with pre-ordering from 8th, has been brought forward to 8 August. So the book should be in the shops in just under three weeks’ time. I have just received my first advance copies, and it is looking very good. All authors know the feeling: after […]

Mass Impoverishment: The Endgame for Millennials?

The problem of millennials struggling to become home owners has been widely documented. But the long-term implications of this have not often been explored. A report by the All-Party Parliamentary Group on housing and care for older people suggests that, in the words of Richard Best, the group’s chairman, “The number of households in the […]

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