Corbyn vows to end ‘greed-is-good’ capitalism in UK

In conference speech Labour leader to lay out plans to change direction of economy

Jeremy Corbyn will on Wednesday attack the “greed-is-good” capitalism that he claims has resulted in large swaths of the UK being left behind, promising a raft of new policies including a “green jobs revolution” that will create 400,000 new positions.

The Labour leader will attempt to reset the theme of Labour conference which has so far been dominated by deep divisions over it’s Brexit stance and return to his core argument about the failure of the broken economic system.

Related: Labour delegates back Keir Starmer push for public vote on Brexit

Related: Has Labour’s stance on Brexit changed?

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Corbyn vows to end ‘greed-is-good’ capitalism in UK

In conference speech Labour leader to lay out plans to change direction of economy

Jeremy Corbyn will on Wednesday attack the “greed-is-good” capitalism that he claims has resulted in large swaths of the UK being left behind, promising a raft of new policies including a “green jobs revolution” that will create 400,000 new positions.

The Labour leader will attempt to reset the theme of Labour conference which has so far been dominated by deep divisions over it’s Brexit stance and return to his core argument about the failure of the broken economic system.

Related: Labour delegates back Keir Starmer push for public vote on Brexit

Related: Has Labour’s stance on Brexit changed?

Continue reading…

County Championship: Lancashire relegated to Division Two

Lancashire’s relegation to Division Two of the County Championship is confirmed on day two of their game with Hampshire.

Labour’s proud history is crying out for rejuvenation | Letters

Readers respond to John Harris’s article on whether Labour can forge a new 21st-century socialism

John Harris’s stimulating piece (Can Labour forge a new 21st-century socialism?, 24 September) contained a dangerous proposal: to devolve social security powers to “the most local level possible”. Does he mean that social security benefit rates and regulations would be decided at this level? If so, this would undermine social security’s status as a human right, which provides protection regardless of where citizens live within a country, turning it into a “postcode lottery”.

The precedent of devolution of parts of the social fund to local welfare assistance schemes in England – either cut back or abolished completely in many hard-pressed local authorities – does not augur well. The “authoritarian and hateful” elements of the current benefits system are due not to its centralised nature but to punitive policies, which could just as well be applied by some local authorities, with less chance of legal redress. Yes, such a policy would mean leaving the 20th century – for the 19th century or even earlier, with shades of the poor law. The priority for the 21st century should be a decent social security scheme that provides genuine security and respects the rights and dignity of all.
Ruth Lister
Labour, House of Lords

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Head of Argentina’s central bank quits after three months

Peso tumbles as Luis Caputo resigns amid ongoing talks for emergency IMF funding

The head of the Argentinian central bank has resigned after just three months in charge and while the country is negotiating emergency financial support from the International Monetary Fund.

In the latest twist of the economic crisis, Luis Caputo resigned unexpectedly on Tuesday, sending the peso tumbling on the foreign exchanges. The currency had already dropped by more than 50% this year amid fears about a recession and high levels of government debt, and despite the government imposing fresh austerity measures in an attempt to stem the crisis.

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Fifa agrees to limit loan deals and re-introduce agent regulation

Fifa agrees to limit the number of players a club can loan out each season to prevent stockpiling talent for “commercial exploitation”.

Man Utd: Jose Mourinho says Paul Pogba will not captain club again

Manchester United manager Jose Mourinho says midfielder Paul Pogba will not captain the club again, BBC Sport understands.

South Africa’s Mbeki blasts ANC for becoming ‘black party’

South Africa’s ex-President Thabo Mbeki says his party has abandoned non-racialism over land reform.