Sunday, April 12, 2015
"The Need For A Balanced Economy" by Ken Curran
In spite of the economic evidence and some sort of acknowledgement that the United Kingdom needs a more balanced economy if we are to avoid the pitfalls of boom and bust, there have been no specific proposals made through Labour's Policy Forums as to why a more balanced economy is essential for the future wellbeing of the United Kingdom. Nor has the Labour Party argued elsewhere why a more balanced economy is essential. Indeed by not making the need to create a balanced economy an electoral issue, this only serves to strengthen the SNP argument for the need to leave the Union. Indeed the renewed interest in devolution for the English regions is also in part driven by economic failure.
In reality, the British Economy is in a worse state than it was at the end of the Second World War. We ended the war with a far more skilled workforce in comparative terms than is the case today.
Another issue that should be used by Labour is to dispute the frequent claim that the number of apprentices is higher than ever in the UK. I was an apprentice in 1946 and can speak with knowledge of our past. Which is a good deal more than Clegg, Cameron or Ed Miliband can. It is far too easy for today’s Politicians to make general statements about how much better off we are today than we were say 50 years ago. While materially that claim has some merit, working people have much less security of employment. Here again we end up talking about the economy. Until we can return to having a balanced economy, we shall be unable to provide either decent pensions nor a decent health service.
The above is from Ken Curran