(1) #Stroud: a Lab-Con marginal held by @DavidEDrew for Labour. The Lib Dems are standing down for @MollyMEP (@TheGreenParty), BUT if you want to stop the Tories and their hard Brexit in Stroud, the only reasonable option is to vote for @UKLabour. Any other vote helps the Tories.
(2) #YorkOuter: held by Tory hard Brexiteer (and dismally ineffective) MP Julian Sturdy. Labour in *clear* second place in both 2015 and 2017. If you want the Tories out in York Outer, vote @AnnaPerrett@UKLabour, a truly excellent local, pro-Remain, and anti-fracking candidate.
The first thing to say is that @duncanrobinson & @econcallum are to be congratulated on a serious piece of analysis, which avoids the parade of dismal, lazy clichés that we see in so many other publications. Serious political journalism shouldn't be so rare, but it's good to see!
There's a useful analytic frame in dividing Labour's political economy thinking into fiscal policy, monetary policy, and structural reforms. And it's right to say that the third of these will actually be the most significant.
As the #USS dispute goes on, it's clearer than ever that the institutions that govern our pensions have been failing us in multiple ways. They are secretive, non-transparent, marked by conflicts of interest and revolving doors. We need to open up and #DemocratizeUSS.
Of the 5 “independent” Trustees of #USS, 4 have a background working for investment and financial services companies, the 5th used to work for Rio Tinto, the mining company, running their gold mines in Papua New Guinea.
This looks like good news from @TPRgovuk, opening the door to a #USS deal on the basis of the Sept 2017 valuation involved in the initial @UCU recovery plan, if only the remaining hold-out VCs will accept this. 1/x
But we should in any case beware one kind of mistake which comes from treating @TPRgovuk as some unmovable exogenous constraint on a #USS deal. (1) The #tPR view itself is in part a function of VC’s avowed positions on risk levels. 2/x
And, (2) as @AdamJTucker has pointed out, there is a good degree of flexibility in how @TPRgovuk operates, and its regulatory framework allows space for appropriate intervention from the government. See embedded thread:
The #USSstrike has got many people thinking for the first time about pension governance, and about the agenda for overhauling the pension system that the left is going to have to pursue in the years ahead. Here's a thread with some useful reading.
And an excellent piece by Christine Berry @oeufling for @openDemocracy@openDemocracyUK on the "hot mess" of the UK pension system and the iniquities of how financial intermediaries are taking us all for a ride: