If the Brexit vote tells us anything, it is surely this: that despite being ‘the fifth largest economy’ in raw GDP terms, many people do not feel prosperous.
Britain has preferred to paper over the cracks of widening inequality and social unease in recent decades by hiding behind ostensibly high output-per-capita statistics inflated by City salaries. Last June, the simmering volcano of resentment exploded in the most spectacular fashion.
Theresa May’s landmark speech last month brought an end to months of speculation over what Brexit actually means. Britain will leave the European single market, because staying would be akin to “not leaving the EU at all”. She also claimed this would mean pushing for the “freest possible trade”.
These details have delighted hard Brexiteers, who claim that only by leaving the single market and customs union can Britain slash the dreaded ‘Brussels red tape’ and strike trade agreements with everywhere from Australia to Zambia, transforming us into some sort of giant Singapore.
Read the full article on the Huffington post-site.
The independent review on The Economics of Biodiversity led by Professor Sir Partha Dasgupta has now been delivered to the government. The report underlines our failure to grasp that our economies are “embedded within Nature, and not external to it.” We rely on nature to “provide us with food, water and shelter; regulate our climate and disease; maintain nutrient cycles and oxygen production; and provide us with spiritual fulfilment and opportunities for recreation and recuperation which can enhance our health and well-being.”Read More
On 4 August 2020, a massive explosion at Beirut’s port killed at least 200 people and caused up to $15bn in damage to buildings and infrastructure – including the destruction of the public electricity company building. It was the latest blow for a country battling a 30-year energy crisis and facing chronic shortages as a result of an ageing infrastructure based around fossil fuels.Read More
In 1945, the UK’s welfare state was set up to address the want, need and misery caused by unemployment. Seventy-five years later, prior to the Covid-19 pandemic, we had almost full employment in the UK – and yet we still have massive levels of poverty and precarity experienced by people in work.Read More