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The Latest Breaking News from Common Wealth

Europe’s pledge to spend more on military will hurt climate and social programmes

Nato plan to increase military spending overlooks risks to security posed by environmental breakdown and social decay, say economists

The Guardian - UK

‘Grenfell was caused by corporate greed’: report calls for far stronger penalties over unsafe cladding

Exclusive: Thinktank calls for stronger penalties for corporate negligence in England, including directorship and public-contract bans

The Guardian - UK

Public ownership of England’s water companies could cost close to zero, says thinktank

Exclusive: Common Wealth report argues debt, pollution and underinvestment justify process known as special administration

The Guardian - UK

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A great prize, but a great risk: why we all need the nationalised South Western Railway to work

If fares don’t fall and services don’t improve, it could undermine the case for public ownership for a long time to come, says Sarah Nankivell of Common Wealth

The Guardian - UK

Nationalise gas power plants to boost energy security, thinktank urges UK ministers

Common Wealth says private gas-fired stations can charge exorbitant fees when renewable energy is in short supply

The Guardian - UK

Military spending is touted as a remedy for Britain’s ailing economy. Here’s why it won’t work

Since the 1980s Britain’s military spending has grown in real terms, yet more than half of military jobs have been lost. The sector is hi-tech and low labour, says Khem Rogaly, a senior research fellow at the thinktank Common Wealth

The Guardian - UK

Most of UK’s big build-to-rent developers owned by foreign private equity firms

Common Wealth thinktank says Labour should control profits made by ‘institutional investors’

The Guardian - UK

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Bring North Sea oil and gas under greater public control, report urges

Common Wealth thinktank warns that communities and taxpayer may have to pick up pieces when production ends

The Guardian - UK

Chronic pain and ravaged mental health: this is the brutal reality of Britain’s new working class

The story of former Amazon worker Karolina Sobczak reveals much about the people who keep our society running – at huge personal cost, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

UK should ‘repurpose’ Belfast shipyard to make green infrastructure

Thinktank says government should set up arm’s-length company to buy Harland & Wolff site, which is in administration

The Guardian - UK

Corporate UK tax breaks to cost £20bn more than they generate, study finds

Exclusive: Relief rolled out in 2023 will cost £30bn in taxes but spur only up to £10.5bn investment, analysis shows

The Guardian - UK

Dividends payments soar globally as worker pay stagnates

Shareholder payouts grew 14 times faster than wages over past three years, says Oxfam report

The Guardian - UK

The Guardian view on GB Energy: Labour’s big idea could be a great one for the planet

Editorial: Sir Keir Starmer’s plans could see the British state – rather than foreign ones – play a key role in clean energy

The Guardian - UK

To revive Britain from recession the next government must get growth right

Two priorities are tackling entrenched inequalities and – the biggest challenge – addressing the climate crisis

The Guardian - UK

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The Guardian - UK

Labour urged to double funding in publicly owned renewables

Cash injection in Great British Energy should be increased to £30bn, thinktank says after Keir Starmer U-turn

The Guardian - UK

So this is how the Royal Mail ends: killed by lying politicians, lousy managers and ruthless moneymen

The decline of this great institution is a story in microcosm of how so many aspects of British life have been degraded, says Guardian columnist Aditya Chakrabortty

Al Jazeera

‘Elephant in the room’: The US military’s devastating carbon footprint

The US military emits more than entire industrialised nations like Portugal and Denmark, yet evades scrutiny.

The Guardian - UK

Bidenomics lessons: Labour looks to Democrats as it prepares for power

Flagship US programme offers blueprint for Rachel Reeves, in echo of policy cooperation in era of Clinton and Blair

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The Guardian - UK

UK ‘wastes billions’ on defence firms that give investors rich returns

Study claims taxpayer is subsidising up to 90% of weapons companies’ research and development budgets

The Guardian - UK

The wretched state of Thames Water is one of the best arguments for public ownership we have

Water privatisation in England and Wales has achieved just one thing: the enrichment of executives and overseas shareholders, says Mathew Lawrence of the thinktank Common Wealth

Daily Mirror

Fury as Shell makes £7.6BILLION in 3 months as Tory windfall tax failure blamed

The oil giant raked in a record £7.6billion in the first three months of this year, or £986 every second, and showered shareholders with £4.8billion

The Guardian - UK

Green investment funds pushing money into fossil fuel firms, research finds

BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas

The Guardian - UK

There’s a simple way to reduce the average UK electricity bill – and make energy cleaner

Recent research estimates a publicly owned generating company could reduce electricity costs by £252 per household a year, says Common Wealth analyst Chris Hayes

The Guardian - UK

State-owned electricity generation firm ‘could save Britons nearly £21bn a year’

Analysis by thinktank Common Wealth bolsters Labour’s case to launch national energy company

The Guardian - UK

The energy sector isn’t ‘broken’, it’s cooking on gas – if you’re a profit-hungry shareholder

Under the current setup, delivering energy can only ever be incidental to the real business of reaping monster returns, says Mathew Lawrence, of the Common Wealth thinktank

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