On top of the duopoly's rollout of 74 deregulated SEZs and 12 Freeports, which contravene EU rules on State aid, amongst many more regulations which protect workers, food production, and the environment, Rachel Reeves is going even further down the dangerous deregulatory path in her obsession with economic growth at any cost.
Under EU rules, leveraged funds managing €100m or more in assets had to comply with strict reporting requirements and hold enough capital to absorb losses. The Treasury is now considering lifting that €100m threshold to £5bn, which would exempt many funds from the full list of EU rules.
Though the marketplace for private equity and hedge funds was too small to cause a crisis back in 2008, it has since tripled in size. Many private equity funds have started borrowing from shadow banks, which aren’t subject to the same regulations or capital requirements as normal banks.
Enter Blackrock...
theguardian.com/business/comme…
Under EU rules, leveraged funds managing €100m or more in assets had to comply with strict reporting requirements and hold enough capital to absorb losses. The Treasury is now considering lifting that €100m threshold to £5bn, which would exempt many funds from the full list of EU rules.
Though the marketplace for private equity and hedge funds was too small to cause a crisis back in 2008, it has since tripled in size. Many private equity funds have started borrowing from shadow banks, which aren’t subject to the same regulations or capital requirements as normal banks.
Enter Blackrock...
theguardian.com/business/comme…
The most lucrative line of business in the world right now is between governments and corporations
Starmer's announcement on Twitter that the Govt is now a partner with firms like BlackRock is not about rebuilding the UK’s public infrastructure, far from it, this is about facilitating Blackrock's ambitions to expand its financial portfolio by hoovering up housing, education, health, nature, and green energy, by exploiting public-private partnerships (PPPs) to the max. This should be immediately stopped.
Why does Rachel Reeves say she is constrained by the City of London when she isn’t?
Rachel Reeves wants us to believe she‘s constrained in that way because Rachel Reeves is a true neoliberal politician whose ideology is about limiting big Govt’s scope of activity, Rachel Reeves trusts the private sector to meet the public’s needs and not the Govt itself.
The Govt and by extension social governance is, in her mind an obstacle to economic growth.
Reeves is doing exactly what radical right wing neoliberals have craved for over 70 years and that is to shrink big govt down to the size of a mouse and drown it in a bathtub.
x.com/EuropeanPowell…
Starmer's announcement on Twitter that the Govt is now a partner with firms like BlackRock is not about rebuilding the UK’s public infrastructure, far from it, this is about facilitating Blackrock's ambitions to expand its financial portfolio by hoovering up housing, education, health, nature, and green energy, by exploiting public-private partnerships (PPPs) to the max. This should be immediately stopped.
Why does Rachel Reeves say she is constrained by the City of London when she isn’t?
Rachel Reeves wants us to believe she‘s constrained in that way because Rachel Reeves is a true neoliberal politician whose ideology is about limiting big Govt’s scope of activity, Rachel Reeves trusts the private sector to meet the public’s needs and not the Govt itself.
The Govt and by extension social governance is, in her mind an obstacle to economic growth.
Reeves is doing exactly what radical right wing neoliberals have craved for over 70 years and that is to shrink big govt down to the size of a mouse and drown it in a bathtub.
x.com/EuropeanPowell…
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