Tackle the Tax Gap: the Government should publish and tackle the multi-billion tax gap – the difference between what companies and their wealthy owners should be paying and actually are. Step one in replacing Scroogeonomics is the ability to make finance a servant to the useful economy and not its master, subject to democratic checks and balances.Ģ. Capital Controls: the right wing in Britain campaign against membership of the European Union by appealing to fears over sovereignty and yet, ironically, they support a far greater threat to economic autonomy: unconstrained capital mobility. Tiny Tim’s Ten Point Plan For A Better British Economyġ. So, at a Christmas seminar on Scroogeonomics at the Rich Mix centre, in a part of London marked by deep poverty in Victorian times, organised by Philosophy Football and the New Weather Institute, a group of radical economists including Ann Pettifor, Danny Dorling and Richard Murphy, together with members of the public, drafted Tiny Tim’s Ten Point Plan For A Better British Economy. Tiny Tim, the sick child of Scrooge’s much abused clerk, Bob Cratchit, is the moral fulcrum of the Christmas tale. The Chancellor of the Exchequer, George Osborne, is ideologically committed to austerity and hence the ‘Scroogeonomics’ described above, meaning that existing trends seem locked-in. And, while research repeatedly shows that high pay is often neither linked to performance nor improves it, recent finding from the Chartered Institute of Personnel Development shows high pay ratios have a strong demotivating effect on other staff.
#Tiny tim saying full
At the same time the pay of the average FTSE 100 CEO rose to being 183 times that of the average full time UK worker, up sharply from 160 times in 2010. Yet, the Office for National Statistics (ONS) reports a ‘bigger concentration of jobs at the bottom of the pay scale in 2015 than in 1997,’ while the Resolution Foundation estimates that working households on Universal Credit will lose between £1,000 – £1,300 by 2020. The Bank of England warned recently of the vulnerability of indebted households and of an ‘uptick’ in reliance on personal loans and unsecured debt. Under a new, more punitive benefits regime nearly 90 people per month are dying after being declared fit for work under the regime of the Department for Work and Pensions. In modern Britain The High Pay Centre says we are on course for Victorian levels of inequality while school teachers report the return of Victorian conditions in some parts of Britain. Scrooge was, after all, just a zero hours contract employer who paid less than a living wage, peddled consumer debt, and believed that benefits should be cut regardless of the impact on a person’s life chances (some were better off dead he said).
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