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Pat McFadden MP Articles

Banks need a Clause IV moment

First the public had to bail out banks who bet billions on poor value securitised mortgage packages.  They then had to look on at a culture of reward that seemed from a different planet while they coped with pay freezes and price rises.  Now they find that within...

Rejecting ‘declinism’ in manufacturing

How could Britain do more of making things?  Doesn’t globalisation mean an inevitable decline in manufacturing? As G8 leaders call for growth we ought to think harder about where Britain is strong and where more jobs may come from in the future.  In a Policy Network...

The £20 billion question

One of the features of the banking crisis has been the anger and incredulity of people at the sharp end of public expenditure cuts and the squeeze on real incomes watching those who run banks fill their boots. Even if the individuals at the top of most banks have...

More real engineering

Both government and opposition say they are in favour of reindustrialisation or, as Peter Mandelson put it, more real engineering and less financial engineering. So in the wake of the financial crash and a widespread desire to see an economy where we do more of making...