Economists estimate extreme poverty could be drastically reduced for a fraction of global defence spending, yet military budgets continue to expand year on year, says JON TRICKETT MP, ahead of the Stop the War International Conference on Saturday
TAKING on more debt is not the only way to create spending power. Debt cancellation, for instance the debt owed by local authorities to the Public Works Loans Board (PWLB), would provide a huge increase in spending power because they would no longer have to repay loans or interest charges.
Last year local authorities paid around £4.5 billion to the PWLB in loan repayments and interest charges.
Overall, local authorities have around £77bn in debt held with the PWLB.
Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS
CAROL WILCOX argues for the proper implementation of the land value tax, which could see unused plots sold off and landlords priced out of landlordism, potentially resolving the housing and planning crises
GLYN ROBBINS celebrates how tenant-led campaigning forced the government to drop Pay to Stay, fixed-term tenancies and council home sell-offs under Cameron — but warns that Labour’s faith in private developers will require renewed resistance


