Analysis: With steel on the brink, 5 ways privatisation has degraded the British economy
From Steel to North Sea Oil and Royal Mail to water, privatisation has done long-term damage to the British economy
BRITISH Steel, purchased by the firm Greybull in 2016 for £1 is demanding a bailout of £30m from the UK Government to continue functioning, despite having just received a £120 million loan just two weeks ago.
Unions fear around 5000 jobs will be lost immediately, with another 20,000 to go in the supply chain.
Powering Our Ambitions
Common Weal calls for the Scottish Government to launch a National Energy Company, to couple it with a Scottish Energy Development Agency and to Power Scotland’s Ambitions to become a zero-carbon nation which can tackle the problems of fuel poverty.
Common Weal’s latest policy paper Powering Our Ambitions lays out the rationale for a publicly owned national energy company (NEC) and presents the blueprint for making it happen. You can read the paper in full here.
TSSA warns of ‘Winter of Discontent’ as Holyrood votes against ScotRail nationalisation
Rail union condemns SNP for siding with the Tories in favour of not activating the break clause, while Labour are accused of “rank hypocrisy”
A SCOTTISH LABOUR PROPOSAL aiming to compel the Scottish Government to exercise a break clause in ScotRail’s contract, end Abellio’s franchise and move towards nationalisation was defeated today (14 November), eliciting condemnation from the Transport Salaried Staffs’ Association trade union.
SNP MP calls for action as branches close while Post Office profits soar
Communities “face crisis” due to UK Government’s drive to maximise profits, says SNP small business spokesperson
POSTMASTERS resigning due to cuts in pay are behind a majority of temporary Post Office closures, despite soaring profits over the same period, the SNP’s small business spokesperson has argued in a new call for greater investment.
Public Energy Company - Common Weal Consultation Response
Common Weal calls for the creation of a publicly owned energy company (POEC) with the goals of creating new energy infrastructure, accelerating energy system reform, increasing public engagement with the energy network and reducing costs to consumers.
“Like quasi-organised crime”: As RBS is declared UK’s worst bank, 66% of Britons distrust banking sector
New poll from banking reform group Positive Money shows 72 per cent believe banks should have faced harsher penalties after financial crisis as RBS agrees to pay £3.6 billion for misconduct
A MAJORITY of the British public do not trust banks to work in the UK’s interests, believe that banks should have faced greater penalties for their role in the 2008 financial crisis, and worry that the banking sector may cause further economic disaster, new polling has revealed.