Points of Interest

Just like that, we are told that there will, or will not, be any change in interest rates. It was not ever thus. This is the Original Sin of New Labour.

In redemption, we need the reassertion of democratic political control over the Bank of England, including that the approval of the House of Commons be required for changes to interest rates. And we need the assertion of democratic political control over the City of London, with a Glass-Steagall style of division between investment banking and retail banking, with the extension of that principle to crack down on loan sharks throughout society, and with a criminal investigation into the privatisation of the Royal Mail.

Together with the closure of all tax havens under British jurisdiction unless they opted for independence instead, leading to the incorporation of all four parts of the United Kingdom, of all nine English regions, of all of the Crown Dependencies, and of all of the British Overseas Territories, into the Belt and Road Initiative.

In order to bring about these changes, we need to secure the election to the City of London Corporation, the election to the States of Jersey, the election to the States of Guernsey, the election to Tynwald, the election to the legislatures of the British Overseas Territories, and the appointment to the House of Lords while it exists, of supporters of economic equality and international peace through the democratic political control of the means to those ends.

And we need to effect the transfer of the exercise of the Royal Prerogative, including Royal Assent, to six or seven out of nine Co-Presidents elected nationally by each of us voting for one candidate so that the top nine would be elected.

Alongside a new second chamber elected by the 99 lieutenancy areas, with each of us voting for one candidate so that the top six would be elected. And alongside the 50 Commons seats that would otherwise be abolished by the boundary changes, filled by a national election, with each of us voting for one candidate so that the top 50 would be elected.

Make it happen.