by Joe Burns
Over the last three decades, the number of people that control the businesses that shape our lives has decreased dramatically. Distant stakeholders and unrelated shareholders seem to have a say in local housing projects, food supply, transport maintenance and many other necessary community projects. Big brands are becoming more successful at dictating markets and reaping the rewards.
In the recent past, Tesco executives were revealed to have been paid up to 900 times more than the average Tesco worker. Dave Lewis, CEO of Tesco, was paid £4,600,000 in 2016. When explaining the reason why he received almost five million pounds in one year, Deanna Oppenheimer – who is the leader of Tesco’s remuneration committee – said he had achieved increased volumes, reduced costs, increased cash flow, and completed significant disposals and business restructuring to strengthen the balance sheet. For some, more money is what makes good business.Continue Reading
by Joe Burns
The Grenfell Tower fire has painfully illustrated how destructive and negligent council spending can be. The predominant cause of the disaster was that money was spent in the wrong places.
Almost nine million pounds worth of refurbishment was completed on Grenfell Tower by Rydon and many other groups in May last year (though the “successful” refurbishment of Grenfell Tower has disappeared from Rydon’s website). The work included new exterior cladding, replacement windows and a communal heating system. The bottom four floors were also made into new communal spaces. However, nothing was done to satisfy residents, even after years of complaints by Grenfell Action Group, about the safety of the building. The local council even threatened the campaign group with legal action if they were to continue their pursuit.Continue Reading
by Jack Brindelli
With the formerly radical New Musical Express projected to become a free hand-out for corporate partners like Top Shop, former writer Paul Wellings talks Rock Against Racism, Jeremy Corbyn and Monty Python with Jack Brindelli and the Norwich Radical.