Is Gordon Brown risking the wrath of the unions?
As part of Gordon Brown's attempt to rescue the Labour Party from the worst political polls for some time, it would appear that he is willing to freeze public sector pay which is totally at odds with what the UK unions have demanded. At a time when the Labour Party is stuck between a rock and a hard place, under pressure from the electorate and pressure from the unions, it seems that Gordon Brown is willing to take a chance and at least attempt to show resistance to all union requests. But will it be enough?
Those in the know are concerned that Gordon Brown is just looking to curry favour with UK voters in the short to medium term after which he will then revert back to the union's strategy for the future. While many will suggest that the UK unions are not as powerful as they once were, the UK Labour Party is struggling financially and needs the financial backing of the unions to literally survive. With a general election just around the corner, party coffers are literally at rock bottom and the only way the Labour Party will be able to survive the next election as an "electable party" is by being bankrolled by the unions.
Share this..
Related stories
When did you last compare the market?
While we see the adverts on television each and every night, how many of us actually compare the market before we buy our insurance, deposit our savings and take out our mortgages?
The reality of life in the UK today is that despite the Internet and other information services available, the vast majority of people still do not compare the various offers with regards to insurance, sa...
Is it helpful to cut employment numbers to save costs in the short term?
Over the last few weeks we have focused on the UK economy and in particular the ever-growing number of unemployed in the UK. Company after company have been announcing job losses and cost cuts to try and stabilise their businesses in the short to medium term and reduce their costs as much as possible. However, is there a danger that cost-cutting in the short term could lead to reduced consumer exp...
Read MoreGeneral Motors in last-minute turnaround on European division
General Motors has stunned the market with news that GM Europe will be sold to Canadian car parts company Magna, which will be part financed by Russian money. This goes against the earlier rumours which General Motors had introduced to the market with a strong suggestion that the operation be retained by its US parent company unless European governments were willing to invest money into the operat...
Read MoreCan we believe the figures coming from the estate agent market?
Despite the fact that mortgage liquidity in the UK is still at near record lows the National Association of Estate Agents has released information this week suggesting that each property for sale is attracting four buyers. Many people are sceptical of such upbeat figures although they are based upon buyers registering their interest with local estate agents. So what do these figures tell us?
...
IMF set to issue $1 billion loan to Ghana
The International Monetary Fund (IMF) has today confirmed that over $1 billion will be issued to the government of Ghana in order to stabilise the fragile economy. The country has seen a significant drop in the exchange rate, the budget deficit balloon out of control and an economy which is struggling more than most in the worldwide recession.
Ghana is the second largest cocoa produ...