Supporting Labour’s grassroots 😜
Pretty sad for progress.
The only way anyone gets power is :
- Be like the tories
- Wait 10 years for tories to implode.
No other way to get elected in the UK, with FTPT voting, campaign funding and mainstream media outlets.
It’s a very robust system to stop any undesirables winning any sort of power, and the envy of dictators the world over.
Demand PR from your Labour MP. Watch them laugh at you, then vote for a party that explicitly campaigns for PR. Rinse and repeat enough times such that Labour take notice. Tories aren’t and Labour isn’t as long as they sniff power.
Not enough people do this, but they should.
I’m not sure I have anyone would would be running here who supports PR.
Unfortunately.
I understand Labour will get some stick for this, but I’m not really sure what benefits we get from the cap. I’m not saying we get any benefit from not having a cap, but I’m sure banks will find a way around the cap. And I’m not sure the money not given as bonus was finding its way to the workers anyway
Here’s a decent summary
https://www.shlegal.com/insights/first-formal-steps-towards-removal-of-the-bonus-cap-in-uk-banks
Labour’s heartland. Salt of the earth, regular blokes, rolling up their shirtsleeves and getting on with the hard graft, an honest days toil for an honest year’s pay, that’s bankers.
Why can’t more of the feckless unemployed get jobs in venture capital, equity markets or M&A consultancy? It’s not rocket surgery!
This is the best summary I could come up with:
The decision to abandon the bonus cap was made by the short-lived Liz Truss government before turmoil on the financial markets forced her chancellor Mr Kwarteng to step down, followed by the prime minister herself.
Rachel Reeves, shadow chancellor and a former Bank of England official, told the BBC that she had no plans to reinstate it despite criticism from the likes of the umbrella body for the UK’s trade unions at the time.
Ms Reeves said Labour’s policies would also include closer ties with the EU, expanding finance centres outside London, streamlining regulation and boosting pension investment in UK companies and green technologies.
But in an election year, it’s a deliberate shift to demonstrate Labour has changed from 2019 when Jeremy Corbyn and John McDonnell supported the nationalisation of some industries and described City bankers as overpaid “speculators”.
That pledge has been watered down by shadow business secretary Jonathan Reynolds to “an ambition” and Ms Reeves has said Labour’s spending plans would have to adjust to the situation it would inherit if it wins.
The Conservative Party has dropped heavy hints it will use any spare money in the public kitty to cut taxes - something Ms Reeves has described as a “scorched earth” approach.
The original article contains 757 words, the summary contains 206 words. Saved 73%. I’m a bot and I’m open source!
genuinely wondering what the point of labour is
