New Economy

Bruce Robinson bruce.rob at btinternet.com
Wed May 3 15:36:43 PDT 2000


On Wednesday, May 03, 2000 8:22 PM, Carl Remick [SMTP:carlremick at hotmail.com] wrote:
> >From: Jim heartfield <jim at heartfield.demon.co.uk
> >
> >London boroughs that abut the City of London (ie the financial district)
> >have for a few years now been trying to promote the 'City Fringe' as an
> >area of service industries for the City - cleaning firms, security, and
> >so on. ... there is rising employment, greater use of services,
> >greater proportion of household expend. on services. etc etc. Not all of
> >this is low paid work. There does seem to be a lot of well-paid work out
> >there.
> >
> >All this alongside a reported fall in manufacturing employment of 250
> >000 in the period since New Labour took office.
>
> Jim, what effect, if any, do you think Ken Livingstone's impending
election
> as London mayor will have on these trends, in terms of either policy
changes

Little or none: (a) the Mayor has little power; (b) Livingstone has spent the last few days going round reassuring the City that he's not going to do anything to harm them and making an offer to campaign jointly on the basis that the pound is too high at the moment.


> or a different psychological environment?

It will demonstrate that Blair is not invincible and perhaps give some encouragement to others to defy him. Some groups of trade unionists who supported Livingstone may apply some pressure to him (e.g. on tube privatisation and the fire service). More than that is impossible to predict.

Bruce Robinson


>
> Carl
>
>
>
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