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Well, if you needed further proof that Labour have been nobbled by big business, looks like Keir Starmer is going to require the Competition & Market Authority to soften its approach while he tries to 'rip out bureaucracy' to stop it 'stifling' investment in the UK....

The CMA actually needs to be strengthened to reduce the rampant oligarchy across so many UK economic sectors, not have its wings clipped (further).

This is a major mistake!

#economics #regulation #business

h/t FT

@ChrisMayLA6 he did say nothing would change, business as usual. So there’s that. BAU is working so well for the 99%, after all.

Clare Barclay (CEO, Microsoft UK) has been appointed to chair the UK's new Industrial Strategy Advisory Council.

So, Starmer is trying to clip the wings of the CMA (see earlier post) & is putting the local CEO of a well known past monopolist in charge of recommendations around industrial strategy...

seeing a pattern?

Labour seems to think the future is a further compounding of the UK's oligopolistic economy.... Its not worked in the past so i why would it will now!

#corporations
h/t FT

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Posted by a gentleman I follow, and I have added alt-text to it, for the benefit of those who might want to boost it. And for the benefit of those who cannot see the picture, of course!

@StevenSaus I don’t think it needed new research. Finding correlations and building from them is not reasoning.

If you ever doubt that billionaires are completely alien compared to the other 99.9999% of us, remember that out of the ~400 tech billionaires out there, not a single one has stepped up with their pocket change to make a life-changing donation to the Internet Archive or the now defunct Living Computers Museum.

Out of 400 supposed techies, not a single one has an interest in data preservation or retro computing??

Clearly they have no passion for technology (if anything) beyond a means of further wealth accumulation, having more in common with the dragons of yore, sitting upon a hoard of gold and demanding further human sacrifice while giving nothing in return.

I don’t use P&O ferries in the same way I don’t buy my kids school shoes from Clarkes.

Companies that use fire and rehire policies to reduce wage costs absolutely should be targeted by a Labour government. Befriending them for investment and then crossing your fingers to hope they respect your new rules looks naive at best and like you’re no better than the duplicitous Tories at worst.

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@Bellison22

And then Sinema, or the designated naughty step person of the day, stops any of it happening. The reptile party are at least honest.

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Haven’t been on xhitter since I discovered man child in chief got rid of the block button cos he discovered he was the most blocked person on his own platform.

As Cat 4 Hurricane Milton prepares to wreck havoc on Florida, a reminder that Gov DeSantis rejected $11B in Federal aid meant to address climate & infrastructure, & banned the phrase "climate change" from Florida laws.

Republicans are proving "Don't Look Up" was a documentary.

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