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Aangirfan - Chatham Identify - Opposed To Conservatives

Jim O'Neill

Terence James O'Neill, Baron O'Neill of Gatley, a old chairman of Goldman Sachs Asset Management, in addition to a former UK Conservative government minister, is a British economist.

O'Neil is chair of the spooky Chatham House think-tank (Like the USA's Council on Foreign Relations).

O'Neill thinks that, inwards closed to respects, a Labour regime would last ameliorate than the electrical current Conservative government.



O'Neill writes at the ft :-

"I am non overly concerned past times closed to aspects of a prospective Jeremy Corbyn (UK Labour) administration.

"In at to the lowest degree vi policy areas, which Mr Corbyn in addition to his shadow chancellor John McDonnell are treating equally priorities, businesses in addition to the Conservative regime bespeak to grab up."

O'Neil worries that the electrical current Conservative regime "has virtually no fourth dimension for ... devolving powers in addition to responsibilities to the urban regions.

"The Northern Powerhouse in addition to Midlands Engine schemes similar a shot have almost no attention."

O'Neill worries most Britain's productivity crisis.

Since the 2008 fiscal crisis, Great Britain has seen a 15-20% reject inwards gross domestic product - "stemming from weaker productivity."

O'Neill writes:

"Labour's readiness to explore novel ways of shaking upwardly the condition quo is admirable."

O'Neill points out that lower corporation taxation has non magically boosted investment spending.

O'Neill writes: "we should halt cutting corporation taxation to increase profits amongst piddling societal gain."

According to O'Neill, "it was i time assumed that, when unemployment savage below a for certain level, wage growth would accelerate.

"It has non happened."



O'Neill worries most main executives beingness paid large sums of money, spell their companies are failing to brand Great Britain a ameliorate place.

O'Neill worries most the privately run railways in addition to utilities beingness badly managed.

O'Neill writes: "The Labour political party has stepped into the vacuum left past times the Conservative regime in addition to appears to last offering the radical alter that people seek."  

Compiled in addition to written past times Aangirfan. 

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