Clause IV

 When I was a member of the Labour Party the membership card (which was indeed made of card) had the text below, known as Clause IV emblazoned across it.To secure for the workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon … Continue reading Clause IV

IMF backs coalition spending cuts

So says the headline from the BBC. BBC News - IMF backs coalition spending cutsIt does beg the question though as to what would happen if the IMF didn't back the government's financial plans?Wikipedia describes the IMF thus:It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development through … Continue reading IMF backs coalition spending cuts