Prem Sikka
premnsikka.bsky.social
Prem Sikka
@premnsikka.bsky.social

Emeritus Professor of Accounting. Member, UK House of Lords.
If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.

Prem Nath Sikka, Baron Sikka is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex. .. more

Business 56%
Economics 31%

UK Govt plan to reduce child poverty is welcome but that requires reduction in parental poverty.

That can't be done without equitable distribution of income and wealth, stronger trade unions, progressive taxation, decent housing, education, healthcare, jobs and sound economy.

Who will do that?
To tackle child poverty the government must deal with parental poverty
Labour's child poverty strategy offers some welcome measures, but it won't address the factors keeping families trapped in poverty
leftfootforward.org

Danish intelligence accuses US of using economic power to ‘assert its will’ over allies.

Danes have it right. The US is not a reliable ally. It is using tariffs & military threats to secure dominance.

Europe needs closer economic & military cooperation.
Danish intelligence accuses US of using economic power to ‘assert its will’ over allies
The US also listed as a threat due to its growing interest in Greenland, which is vital to America’s national security
www.theguardian.com

I would vote for the abolition of the current House of Lords, but what would replace it? The issues are much deeper.
leftfootforward.org/2024/11/why-...
Why we need to urgently reform the House of Lords
The UK and Lesotho are the only two countries to have an entirely unelected parliamentary chamber.
leftfootforward.org

NHS staff clapped for dealing with the pandemic, then attacked for demanding pay rises.

Reposted by Hayley Bennett

Private equity curse.

Company on Burnley bought by PE to cut staff by 90%. Loyalty counts for nothing.

Typical PE business model - cut staff/wages, high debt, asset stripping, price hikes, sweat assets, profit shifting, tax abuse, extract high returns, move on to the next victim.
Exertis UK 'to cut 90% of its staff' in distribution business | AV Magazine
The move comes amid reports of issues with maintaining credit insurance just a month after the completion of a sale to private equity buyer Aurelius.
www.avinteractive.com

Sewage dumping near swimming spots in England getting worse.

Govt expects end to illegal dumping into waterways by mid-century.

Despite illegality corporate permits not cancelled, puny fines, execs not prosecuted, bills hiked, dividends paid, investment neglected.
archive.ph/qMctS
Sewage spills near swimming spots still getting worse, report finds
Water companies have been ordered to end the release of untreated sewage into waterways by mid-century. Thursday’s report found progress to be well off course
www.thetimes.com

Operations and treatments cut back as NHS orders England hospitals to save money.

Thousands of patients could have to wait longer for treatment.

Misery, premature death to meet arbitrary fiscal rules, appease bond markets, failure to tax the rich.
NHS orders hospitals to cut back on treating patients
Documents seen by BBC show hospitals being ordered to slow down on activity to help balance the books.
www.bbc.co.uk

England fans could expect to pay £5,000+ for world cup match tickets.

Add to this profiteering by airlines, hotels, taxi firms, restaurants.

Also need to hand vast amount of personal data to US govt. No guarantee you will be allowed to enter the US.

Why bother. Stay at home. Support local economy
Fifa accused of ‘betrayal’ as England fans face £5,000 bill for World Cup tickets
Football Supporters Europe has called for an ‘immediate halt’ to ticket sales after it was found that prices are five times higher than the last World Cup
www.independent.co.uk

Corporate welfare is out of control.

One example - Drax produces electricity by burning trees, most expensive electricity, UK's biggest single polluter.

In 2024, Drax had £1.06bn operating profit, paid £100m dividend, £300m in share buyback.

Received billions in subsidies for decades. Why?

See the chilling list of information required from visitors to the US includes:

About the visitors;
Their families (parents, spouse, siblings, children);
Business - telephone numbers used in the last five years; email addresses used in the last ten years

Unprecedented state surveillance.

Private hired guns

The secretive Institute of Economic Affairs (IEA) – the anti-state, anti-climate pressure group – received £640,000+ from fossil fuel companies & Rupert Murdoch’s media conglomerate between 1957 and 2005.

The aim is to subvert public choices for the benefit of paymasters.
The Institute of Economic Affairs Banked £640,000 from Oil Giants and Murdoch
The Institute of Economic Affairs (IEA) – the anti-state, anti-climate pressure group – received more than £640,000 from fossil fuel companies and Rupert Murdoch’s media conglomerate between 1957 and ...
www.desmog.com

It would be a key word search by some bots - words like "unhinged", "dictator", "felon" would most likely get you banned.