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About The London Economic
The London Economic emerged from a political blog sharing platform created by Jack Peat in 2012. It was developed through to 2014 into an alternative news website in an attempt to redress the political power of the mainstream media.
While it focuses on UK political affairs, it also has Business, Economics, Food, Sport, Entertainment, Lifestyle, Travel and Property pages.
Brits £13 a week poorer than they were 10 years ago
Jack Peat - 22 August 2018
Average earnings in Britain are £13 a week lower than they were ten years ago, a Resolution Foundation report has revealed.
The damning study found the ‘Just About Managing’ group accounted for half of the rise in employment since 2008/09, meaning The Conservatives’ oft celebrated jobs boom has been driven by those on the lowest incomes.
Employment across the bottom third of households made up 1.2 million of the 2.1 million increase in jobs between 2008-2017.
And job insecurity remains “widespread” – with around 800,000 Brits currently employed on zero-hours contracts.... See more
No Deal Brexit now an odds-on reality
Jack Peat - 21 August 2018
Dominic Raab returns to Brussels today with the odds against him sealing a Brexit deal before the 29th March 2019 deadline. Bookies are now 8/11 for a Hard Brexit and the odds on a second referendum on EU membership are shortening drastically too. It’s now 2/1 from 7/2 for Brits to have a second chance to cast their vote on the country’s future relationship with Europe before the end of 2019, while it’s evens with the leading online bookmaker for Raab and Michel Barnier to hammer out a deal before the end of March.... See more
Tories present feeble plan to plaster over the wounds they created
Jack Peat - 13 August 2018
The Conservatives have pledged £100 million to “end rough sleeping on England’s streets by 2027” after the number of people left homeless due to austerity cuts has soared.
Last year, around 4,800 people were estimated to be sleeping rough in England. This is 15 per cent higher than in 2016, and more than double the estimate of 1,800 for 2010
The pledge comes as communities secretary James Brokenshire acknowledged that efforts to tackle homelessness had “not been good enough”, adding that homeless people should be supported rather than punished by the government.
But Brokenshire failed to touch on the role of his party in creating such extreme levels of poverty in one of the richest nations in the world... See more
Calls for Corbyn to quit as Johnson charms media with cups of tea
Jack Peat - 13 August 2018
Sajid Javid called for the Labour leader to quit after the Daily Mail claimed he was photographed holding a wreath near the graves of those responsible for the massacre of Israeli athletes at the 1972 Munich Olympics.
The calls from the Conservative front bench come a week after former Foreign Secretary Boris Johnson compared women in burqas to “letter boxes” in a Daily Telegraph column, comments he has refused to apologise for.
Johnson charmed reporters with cups of tea at his Oxfordshire home yesterday, avoiding questions on the comments by handing out hot beverages in his typically whimsical style.
He said: “I am here solely on a humanitarian mission because you have been here all day.
“You have all been incredibly patient and I feel very sorry for you because I have nothing to say about this matter.”
With islamaphobic accusations swept aside the media went back on the rampage against the Labour leader this morning, with the Mail’s report dominating political headlines.
Labour has said Mr Corbyn had already made clear he was paying his respects to the victims of a 1985 Israeli airstrike on Palestinian Liberation Organisation offices in Tunis... See more
Exclusive FOI request reveals record-breaking evictions from social housing - by local councils
Raymond Woolford - 9 August 2018
This June, in light of lack of public trust after the Grenfell disaster, the Secretary of State for Housing, Communities and Local Government, James Brokenshire promised that a green paper on social housing would be published before the parliamentary recess. Its failure to appear, despite a worsening housing crisis and the fact that the Labour party published its own review of social housing back in April, has led to widespread anger across the housing sector.
A freedom of information request to the Ministry of Justice regarding the number of evictions over the past 5 years by mortgage companies, private landlords, and social landlords such as councils and housing associations has today uncovered some shocking statistics... See more