Sunday, November 30, 2008

Future of Health & Safety Enforcement.

I attended this conference organised by the Centre for Corporate Accountability (CCA) on behalf of London UNISON regional Health & Safety Committee. It took place at the NUT headquarters in Hamilton Place, Kings Cross in its main hall and it was full. The CCA is a charity concerned with promoting worker and public safety.

The first speaker was Judith Hackitt, the Chair of the Health & Safety Executive Board. On the same panel was Graham Russell who is the Chief Executive of Local Better Regulation Office and Louise Adamson from “Families Against Corporate Killers” (FACK) see photo left. Louise gave the most impressive and emotive speech I have ever heard on the real importance of effective safety enforcement.

Judith spoke first and welcomed the new tougher sentencing that will come into force in January 2009. Fines have been significantly increased and many health & safety offences will now be punishable by imprisonment. She thought that the HSE have done a good job and that there had been a 70% reduction in deaths in the last 30 years. Britain has amongst the very best health & safety record but is not complacent. There are still 200 deaths each year, 28,000 seriously hurt and 2 million workers hurt. Asbestos kills 4000 per year. Work related ill-health is a major problem. What is needed is refinement and improvement but not radical overhaul. There should be a common sense approach based on common goals. Whilst I think that it is true that since the Health & Safety at Work Act in 1974 there have been huge improvements in safety, because we no longer have a large industrial manufacturing and mining sectors anymore then a significant reduction in deaths would have happened anyway.

Graham spoke next; I must admit that I had only been vaguely aware of the “Local Better Regulation Office”. Putting aside any comparisons to “Yes Minister” and its fictional “Department of Administrative Affairs” its aim is to advise ministers on reducing “unnecessary” regulations. There are some 200 British and EU regulations on safety. Many people present at the conference are naturally suspicious that this could result in voluntary rather than statutory regulation of health & Safety. Graham claimed this is not so and that the aim was better regulation of high risk employers not “light touch” deregulation. Companies also currently waste around £140 million per year on advice from health & Safety consultants which they could have got for free from the HSE/Local Authority Inspectors.

Louise spoke movingly about the death of her brother in 2006 who was electrocuted at work. I would urge everyone to read her speech here at the CCA site. Several times during her very eloquent message she struggled to contain her emotions but she carried on. It was also a hard hitting; factual account about inadequate and inappropriate enforcement, unacceptable delays a judicial process which often resulted in derisory penalties. Somebody wiser than me once said: “the world is a dangerous place, not because “those who do evil, but because of those who look on and do nothing.” So, we call upon those responsible for enforcement to stop looking on”.

Sitting next to her was of course Judith Hackitt. Sitting next to me was a Mother and Father who had also lost their son while at work.

During the Q&A I asked Judith why she said that an 80% success rate for HSE prosecutions was “about right” and if it was more than this it would mean that the HSE was being too safe. While Graham had said that Local Authority prosecutions had a 95% success rate. Didn’t this indicate that the Local authorities were too safe and not taking enough prosecutions? Apparently not, HSE and Local authority prosecutions of the same law are in someway “different” (hmmm).

There was an interesting discussion about the IOD/HSE guidance for Directors. It is a voluntary code but the key actions are legal duties.

After a rather hostile question was put to Judith and Graham, a national safety officer from GMB (I didn’t hear his name) did thank Judith for turning up to such a meeting, to face the music which I thought was a fair point and pretty much everyone agreed.

After coffee we had Tory MP Andrew Selous, Shadow Minister, Work and Pensions. He thanked the CCA for being the only NGO that monitors workplace deaths. He attacked the false allegations made against the HSE by the tabloid press. To my astonishment he even attacked the “Daily Torygraph” for printing an untruthful story about choir boys being banned from pancake races for health & safety reasons. He then called the paper “shameful” for refusing to print a rebuttal. Andrew pointed out that there had been a crossbench consensus on Health & Safety and that it was a Tory government that brought in the 1974 Act. He supported the recent Health & Safety offences bill not least because he did not want decent companies undercut by rogue firms. He expressed concern about the reduction in the number of HSE inspectors and put forward a suggestion that companies should be forced to publish information relating to the health & safety record in their annual accounts.

Well, I never....however, before getting too carried away with this new generation of One Nation Tories I should have reminded Andrew of the bile that his own leader David Cameron came out with during his recent conference speech attacking the "health and safety and human rights culture". Same old Tories?

Next was Neil Hope-Collins from the trade union Prospect who is the HSE branch Chair. Neil is a HSE inspector but was speaking (in front of his boss) in a union capacity.

He quoted Gordon Brown from his 2003 speech that “Safety at work, is, as it should be, the mark of a civilised society” then “judge not by your words but by your actions” (from 2005 Batman film – who said inspectors don’t have a sense of humour). He thinks that the HSE “model” as set up by Robbins in 1972 still “works” but Neil is rightly concerned about the rock bottom morale at the HSE. A large number of staff has left, leading to fewer investigations and pro-active inspections. Low pay means that there is a skill gap in the HSE since so many experienced inspectors have left. It takes 5 years to become a fully trained inspector. Enforcement is needed to challenge employer’s indifference and apathy. Good intentions are useless. Safety reps should be the “eyes and ears” of the HSE.

The final morning speaker was Steve Tombs, who is the Chair of CCA. Steve is a former butcher and construction worker who is now a Professor of Sociology in Liverpool. Steve takes no prisoners. He’s not all that keen on Geoffrey Podger, the HSE CEO. Now in the past I have had a few differences of opinion myself with “Geoff”. So I can understand where he is coming from.

Steve spoke about a recent report called “A Crisis in Enforcement”. How people were in fact more likely to suffer “violence” (as in physical harm not from physical assault) while at work rather than violence or harm outside work. He believes that there is an employer accountability gap. Despite this problem there has been a huge fall in HSE inspectors and enforcement action. Investigations into reported injuries are also down, with many serious injuries not being investigated.

It is inconceivable to imagine that if someone lost an eye or a limb in a fight or traffic accident in Liverpool city centre that the Police would refuse to investigate it. Yet if someone loses an eye or leg in a work related “accident” usually the HSE will not investigate.

Steve argued that “targeting” sends out the wrong message and risk based regulation leads to less regulation for business and less protection for workers.

After lunch we had an unexpected lively and interactive presentation from the Greater Manchester Coroner, Nigel Meadows. He is not what you expect a Crown Coroner to be. I completely failed his video quiz on what witnesses see or don’t see in a game of basketball (I say no more).

Unite national officer Rob Miguel and CCA director David Bergman presented reports that comprehensively showed that many (if not most) local authorities are failing to carry out their health and safety responsibilities.

Solicitor Colin Ettinger reported on research that examined fatalities amongst migrant workers and was able to demonstrate disproportionate death rates, particularly of Polish construction workers.

Hugh Robertson, the TUC (and formerly UNISON) senior health & safety advisor (& HSE Board member) reminded everyone that we should be concerned not only about safety but ill-health at work. Often if someone loses their hearing during the course of their employment it is obviously difficult to record and pin down this serious injury as an “accident”. Funny enough today, in Forest Gate I noticed a workman making a repair to the road using a really loud hammer drill using no obvious ear protection at all. He was a young bloke who will probably be deaf or hard of hearing by the time he is 50. What should or could I have done about this?

The conference finished with presentations on Corporate Manslaughter by Steven Summer from the Local Government Employers and Julian Topping from NHS employers. It would seem that both groups of employers are finally getting their act together with regard to health and safety.

We will wait and see. But interestingly my interpretation of their presentations is that greater management interest and involvement has been driven by the threat of enforcement action against them personally. The Corporate Manslaughter legislation has not worried them as much as the prospect of personal imprisonment due to the upgrading of health & safety offenses from fines to porridge. I think it is early days but there is a message somewhere.

Saturday, November 29, 2008

Councillor John Gray (grayee)?

Well, I’ve finally done it. I’ve submitted my name as a hopeful applicant to be selected as a Labour Party candidate for the 2010 Council elections in Newham.

The Regional Labour Party probably dreads the selection process for borough’s such as Newham since many, many members also feel driven to declare that they feel that there is a Councillors baton in their municipal kitbag.

The process is that you inform your local (CLP) secretary who informs the General Committee (GC), who informs the secretary of the Local Government Committee (LGC) who informs the regional Party. There is an inevitable form to fill out and then there will be a selection panel (composed of the Party “Great and Good” who are not from Newham).

If you are selected then you will have to be further selected by a quorate ward meeting that will vote to adopt you as their candidate. Of course then you have to be elected as Councillor by the public in the real elections!

A long and windy road.

Let’s see what happens. We need to get this selection process sorted as soon as possible and then successful candidates can start (or if already in post - continue) canvassing and campaigning.

Thursday, November 27, 2008

Suitcase Kindertransport – 70th Anniversary Play London Liverpool Street


“On 2nd December 1938, the first Jewish child refugees from Nazi‐occupied Europe arrived in Britain, at the start of what became known as the Kindertransport. Over a period of eighteen months more than 9,500 children – mostly Jewish but including 2000 children of Hitler’s political opponents – were saved from almost certain death. Very few ever saw their parents or extended families again. Many of these children passed through London’s Liverpool Street Station on their way to their final destinations across Britain”

I never knew this. I use London Liverpool Street two or three times a week. Last night coming back from my UNISON branch meeting in central London. I have also occasionally walked (or rather rushed) past those cast statues of children opposite McDonalds and had always meant to but never did, go over and find out what they were all about. I now see that they remember the Kindertransport children as well.

While saving 9,500 kids lives is obviously something to celebrate you will also think of the hundreds of thousands who were not saved and murdered, many in even a more brutal and sadistic manner than even Baby P.

On Tuesday 2 December there will be a free "original mix of site specific theatre and music" to mark the anniversary - 10.30, 1pm and 7.30pm. See pdf flyer above left. Click to enlarge.

I’ll try and attend one of the performances on Tuesday. It’s not often you have live music and theatre in a railway station, although at times there is plenty of drama.

This event is “generously sponsored by the German Embassy”. Personally I am very pleased that they are and think it is appropriate. I can understand that some may differ.

Update: Pictures of statues and new report Feb 2011 here

Wednesday, November 26, 2008

Sanford Jacoby - Sunny California to the Roman Road.

Last week I was interviewed by UCLA Professor, Sanford (Sandy) Jacoby. Sandy’s “field of interest is US Business, economic, and Labor history”. He is investigating British Pension funds as part of his research for a new book and has interviewed a number of “usual suspects” in the so far relatively small UK union capital stewardship world.

I really enjoyed the interview. It is not that often (in fact far too rare) that you have open and honest, purposeful, out of the box conversation about what is to you really interesting and important stuff. It wasn’t only a one way conversation since I learnt lots of fascinating information about what is going on in America and what how this may relate to the UK.

My basic understanding is that in the States, trade unions are far more organised with regard to Capital Stewardship than in the UK but have very limited legal rights under company law. While in the UK we have far more legal rights (in theory) but are far, far less organised.

My previous experience of being interviewed by Professors was not always a particularly pleasant one when I was an undergraduate (many, many moons ago). Since we didn’t always see eye to eye on the importance of such things as attending early morning lectures, preparing for tutorials and submitting essays on time.

See this article about Sandy’s research. The big American Car giants have just received huge Federal loans. However, Sandy points out that the blame for the near collapse of traditional US car makers lies not with the workers but with its senior executives. They decided to plough the profits they made in the good times into share buybacks and increased dividends rather than reinvestment ($20 billion in 1980’s).

Companies such as General Motors (GM) failed to invest in research, new models and alternative technology. Toyota in a conscious decision at the time didn’t use its money in this way; they invested in research and alternatives while still looking after their shareholders and are now reaping the benefits.

What interests me is why GM executives (and their professional financial advisers) made this completely destructive decision? Is it just too simplistic to say that the owners of companies such Toyota are more interested in the sustainability of long term profits and therefore made sure that their company executives followed this line? While GM owners handed responsibility to traders who were only concerned with short term gains and ensured that GM executives were also incentivised by short term bonuses. (This is my interpretation of Sandy’s article). This resulted in gas guzzlers piling up unsold in GM dealers while Toyota exports its hybrids around the world.

The London weather was not particularly nice but is was dry. Sandy asked me whether he could take a different route back to the underground station. I suggested walking back via the former Bryant & May buildings where the famous Matchgirls strike of 1888 took place. Sandy, a Labour Movement historian knew of this strike and was pleased to be walking past this site. He mentioned that he thought the whole of the East End was just full of historical buildings, places and monuments important to the history of the Labour movement.

Yes, but it takes a visitor to make us remember this.

Monday, November 24, 2008

London Biennial Conference (III) - Housing Workshop, Ken, Motions and Election Results


This is the last post on the London Labour Party conference held on Saturday. Life moves on rapidly nowadays. Who would have guessed on Saturday we would now be celebrating an income tax increase for the rich! Lovely stuff, better late than never.

Lunch was provided by Newham Labour group, many thanks for a nice curry and glass of wine. Nothing too good for the workers. In the queue I met properly for the first time Hackney Councillor and well known Labour blogger Luke Akehurst. We both agreed that it is a bit strange to come across folk in person that you have only met electronically beforehand.

I forgot to return the conference workshop forms in time so I had been put down to attend the Contact Creator workshop. Now this is an important campaigning tool but I am already due to attend training so I bunked off to go to the “London Housing in the Election” workshop. This was being run by Cllr Jamie Carswell, Deputy Mayor of Hackney. Joanne Milligan chaired. Also present was Paul Stone Deputy Leader of Islington Labour group. The heroine of the hour, new Tower Hamlets Councillor and diss-respect slayer, Rachel Saunders was there with Labour NEC member and employment rights lawyer, Ellie Reeves.

Housing had been a key London issue of the conference so far, mentioned by most speakers. The fear is that Boris is road testing for the national Tories in London. As Robin Wales had said already, don’t believe what he says; look at what he actually does.

Jamie is also the “London Councils” lead on Housing. The major concern about Boris is that he has ditched the 50% target for social housing in all London new build schemes. Boris has also increased the eligibility for access to subsidised shared ownership to those with an income of £72,000 pa (from £60,000?). Possibly even worse Boris has cancelled the vital infrastructure projects such as the DLR extension to Barking and the Thames Gateway Bridge. What this means is that Barking is still supposed to have been identified as an area of housing growth but what is the point of building more housing if there is no transport infrastructure for residents to get to work. Doesn’t Boris understand the concept of “joined up thinking?

The most graceless thing of course by our so called “London Mayor” is his proposal that 45% of all social housing should be built in the 9 Labour boroughs which have only 27% of the population. Gerrymandering or what? Effectively, what this mean is that Tory boroughs will only allow private housing developments and will try and export their “poor” (and God forbid potential Labour voters) to Labour boroughs. It had been pointed out many times that Boris is surrounding himself with advisers associated with the very wicked former Tory leader of Westminster Council, Shirley Porter. The Tories obviously also believe that social housing is tenure of the last resort and the desperate. So out of sight out of mind?

Interestingly Jamie reminded us that the horrible term “Social Housing” was invented by one Michael Heseltine. Jamie prefers the term “Public housing” which I think is far better (even though in the States it has similar negative contentions to social housing – but there you go).

There was other interesting stuff on Boris, such as he is including rebuild in his 50,000 new homes target (so if he knocks down 50,000 homes in the next 4 years and only builds 50,000 new ones then he will have still reached his target); the impact of “gated communities” (communities???), the Warwick 2 housing statement (level playing field for Councils and RSLs), shortage of family seized housing units, HMOs, managing areas were there are more than one public housing landlord.

There was a bit of cut and thrust in the Q&A. While the future of Council Housing is of course still very important it has to be recognised that a significant percentage of housing stock in London has been transferred (30-35%?) or built by RSLs so we have to take this on board. We must make sure that we are pursuing policies that ensure that such new (and old) public housing landlords are being held to account.

I made a suggestion that while there are some very good RSL public housing landlords there are some very, very bad ones. One solution would be for Labour councillors and party members to join the boards of such landlords to drive up standards. Landlords who treat their residents badly will also treat their staff with similar disdain. Councillors also need to call rogue landlords to account in their boroughs. This is an issue that needs exploring further.

There was a very poplar suggestion that all empty homes should have their council tax increased the longer they remained empty and Paul Smith (deputy leader of Islington Labour Group) came up with a very good idea about organising a petition against Boris getting rid of the 50% target.

Afterwards was Ken Livingstone's speech which went down very well. Ken was on form. He thanked the Labour Party for the magnificent effort that everyone put in during the GLA election. He led in all but 4 London boroughs which puts paid to the ES lie that he was the Zone 1 mayor. It was the collapse of the Lib Dem vote that caused most problems. Ken sincerely hoped that people would not take this out on Brian Paddock by voting him out of “I’m a Celebrity”. Since Boris had cancelled the congestion charge on Porches et al in central London, he now has a financial “black hole” to fill – so watch out ordinary Londoners.

Next we debated resolutions on health & safety and housing. There were also emergency motions on Boris cancelling transport schemes, Post offices POCA contracts and windfall taxes. I spoke, so did UNISON delegates Gloria Hanson and Rae Voller.

The election results were very interesting. West Ham Alan Griffiths lost to Luke Akehurst. Check out Luke’s post (and take) on these results.

Most of the conference then seemed to decamp to the nearby Edward VII pub where over a pint or three the world was properly put to rights and a good time was had by all.

David Cameron's School Boy Errors Exposed!

Sunday, November 23, 2008

London Labour Biennial Conference (II)

Gareth Thomas, MP, (good Welsh name) Minister for Trade, Investment and Consumer Affairs gave a cracking speech while giving fraternal greetings from the Co-op Party.

Outside the hall, the Co-op stall was also giving away free bottles of Fair Trade wine with every membership form filled out!

He posed the question - would Northern Rock have crashed or would the Halifax (HBOS) been forced into a merger if they had remained mutually owned? (Of course not)

Not that long ago I was told that those of us who are interested in the concepts of owner citizens and capital stewardship in investments were the “New Rochdale Pioneers”. Which, if accurate, would be a tremendous honour and responsibility. Gareth left a wonderful image of what it was like when the Tories were last in power, when many school buildings were kept aloft only by the woodworms holding hands.

There was then an open Q&A of the panel. I asked whether or not they agreed that one reason for the current credit crunch was due to a failure of ownership and governance by pension and insurance funds. There was a failure to ensure that their money was not misused by those we employed to look after it. Instead it was invested in schemes that no one really under the risk and resulted in us being ripped off by executives motivated by short term bonuses.

Now that was “sort of” the question I had written on my crib card. But to be honest I didn’t actually put it over that well. Tessa Jowell MP answered by saying that she thought that there had been a failure of regulation and transparency rather than anything else. She also thought that due to this there would be a change for ever in the relationship between the regulators and the financial services industry.

Tony McNulty MP, very carefully, said that once the current crisis was over then the government will have to look again at what needed to be changed. However, he did think that there had been a failure of governance not government which needed looking at. But he thought that my “gentile dig” at the government for causing the problems was wrong.

I am pretty sure that I did not get my point over properly and possibly there was confusion over Government and Governance. I wasn't having a dig. But so what - any undertaking to look at regulation, transparency and governance of financial services will be good enough for me.

London MEP Claude Moreas reminded us all that the European Union was important to Londoners. Soon 1.3 million Londoners who work for agencies will soon have significant extra employment rights and protections thanks to the EU. This only happens since there is a small majority of MEPs in the EU who believe in progressive politics. This can change in future elections. There are more MEPs belonging to fascist or racist political parties than black MEPs.

Next year the top priority must be the European elections in June and we need to explain to Londoners why this election is important and relevant.

Andrew Dismore MP gave a Parliamentary report and mentioned the 10 (repeat 10) social housing homes built in Tory Barnet Council last year.

John Biggs, London Assembly member, deputy GLA labour Group leader (and “attack dog”) gave a typically good humoured and thoughtful speech. Boris being described by John as a “vacuous bag of wind” being one of my favourite moments.

Finally Jules Pipe, elected Major of Hackney gave a very confident and lucid report on the problems facing the 9 Labour London Boroughs and our role in “London Councils” as well as the huge social housing problems we face across London.

Next was lunch then workshops.

To be continued.

Photo Dan McCurry

Saturday, November 22, 2008

London Labour Party Biennial Conference 2008

The conference was in the historical Old Town Hall in Stratford, Newham, E15 so I was able to walk there from home this morning enjoying the blue skies, cold fresh air and winter sunshine.

I was there as a member of the UNISON Labour Link delegation. We had a delegation meeting first where we discussed motions and whether we should support them or not and who should try and speak on motions from the conference floor.

The morning session of the conference was dominated by speakers, reports and Q&A’s. The afternoon had workshops, “our Ken” and Resolution debates, finishing up with the internal regional election results.

I’m not going to try and give a “full report” on the conference. Rather, a snapshot of some of the stuff I personally found interesting, usually from my own particular trade union perspective. A health warning is that this post is based on my hurried and often illegible scribbled notes.

Ken Clark, London regional director of the Labour Party brought us all into order (eventually, a Labour Party meeting of any kind is loath to start on time). The main hall of the Town Hall was pretty full with delegates. I assume about 300 plus people? Len Duvall, Chair of London Labour Party (and GLA Labour leader) chaired the conference. He had been re-elected Chair unopposed. From my hurried squiggles I note that he pointed out that this was not a time for the London Party to be sending out mixed messages; Labour in power makes a huge difference to people’s lives and we should never forget this; in the recent GLA elections despite the loss of the mayor we actually polled more votes than in the past and we had support in inner and outer London. Labour represents all of London.

The first main speaker was Sir Robin Wales, the directly elected Mayor of Newham who welcomed delegates to smell the fresh air of a Tory free Newham (there are no Tory or Liberal Democrat opposition councillors in Newham). He reminded everyone of the Labour history of Newham and this very Town Hall. It was at this very place that Keir Hardy was elected as the first ever Labour MP in 1892. The balcony overlooking the High Street that we had all walked past to get in the hall was were Keir gave his victory speech.

The first ever Labour Council was elected in West Ham, Newham has the largest Labour majority in the Country. London as well as the “North”, has its Labour heartlands. Robin was very, very direct about his opinion about Galloway’s Respect (no comment). He also warned the conference about Boris and that we should judge him on what he does rather than what he says. This was a common theme from the day.

Harriet Harman MP (and deputy leader), reminded the conference that the Labour Government had indeed paid off debt in the past so now was in a better position to deal with present problems. While in the past you had to believe in prudence, now it is prudent to be bold. Labour in the current economic difficulties will not be saying unlike the Tories “if it isn’t hurting, it isn’t working” or that unemployment is “a price worth paying”. Traditional Labour values are about fairness and equality. She also noted that all London Tory MPs are white.

Next was an unopposed Conference Arrangements report (standing orders committee) followed by Guest speakers.

First was Tessa Jowell MP, Minister for the Olympics, who started her speech by mentioning that on route to Stratford today, the Jubilee Line had been partly closed. If Ken had still been in charge of Transport of London, this of course would never have happened! (Joke) She also said that the last time she had been at a London Biennial conference in 2006 she never thought that she would be present when Labour had nationalised the commanding heights of the British economy! (Joke – if somewhat true). Tessa pointed out that 75p in every £ spent on the Olympics would be spent on regeneration. 8,000 jobs will be created in the newly built Stratford Olympic shopping centre alone while 10% of the current 3,000 construction jobs are recruited locally from the unemployed.

Tony McNulty MP, Minister for London, Employment and Welfare Reform was next. He argued that some were overdoing the “doom and gloom”. The Tories are proving themselves not to be serious politicians. Cameron is very like “Strictly Come Dancing” Star, John Sergeant, (I can’t remember exactly why but it seemed applicable at the time and got a good cheer from conference). Tony reminded everyone about a fundamental difference between the Labour Party and the Tories – you would not get anyone in Labour “singing in the bath” about market cruelty. He also accused Boris of imitating disgraced Tory Westminster Politician Shirley Porter, for trying to use housing policy to gerrymander elections. Finally, he reminded everyone that if the election of Barack Obama taught us anything the last thing this country needed is an Old Etonion as our Prime Minister.

Good stuff - I’ll post on the rest of conference tomorrow.

Friday, November 21, 2008

Trade Unions and Workers’ Capital Stewardship

On Thursday I went to Congress House for an informal meeting of National trade union pension/Capital Stewardship officers, trade union staff pension trustees and lay pension trustees and nominated representatives.

The TUC pension policy officers organise these meetings and the aim is to try and establish a forum for trade unionists who are interested in the investment of workers capital.

We discussed the possible co-ordination of union staff pension funds, the implications for capital stewardship of the financial crisis (very interesting!), other campaigning activities, report on the Committee for Workers Capital (CWC) AGM and future framework for the forum.

There was broad agreement from those present that it would be a good idea to work together on particular issues. Of course, this is an informal forum with no decision making function but I felt that we were making real progress and that there is the opportunity for greater co-ordination and co-operation in the future between affiliates. Which I think would be great but will obvious depend on affiliates being persuaded that this is something that will be in the interests of their members.

With the current financial “crisis”, there has never been in my view a more favourable environment for Union capital stewardship activists to try and persuade their unions that this is in their membership’s interests to get on board. We need in my view to stop the financial services industry in the future using our money to enrich themselves and rip us off. The best way of doing this is enable the real owners of capital to make sure that the companies they own are run in the interests of its owners and stakeholders not its the financial interests of its transient management.

It won’t be easy and we need to organise to win, to change things, not just to protest, but this s a “Seize the moment” comrades. So go for it!