mark devine (@markdevine435) profile picture
Joined April 2023
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Private equity strikes again
Poundland, owned by US private equity firm Gordon Brothers, on brink of administration. 12,000 jobs at risk. Gordon Brothers rejected a management-backed rescue bid. Probably thinks it can raise more from a breakup. Destruction of town centres continues. theguardian.com/business/202…
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mark devine retweeted
The game’s up for trickle-down economics, because nothing ever trickled down... it was siphoned up. Today’s Budget will tell us whether Andy Burnham is serious about his promise to end neoliberalism, or whether it’s more of the same siphon-up economics.
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mark devine retweeted
This Budget was meant to be a turning point for Britain to put the country on a different path, promised by Burnham. But whilst Healey’s support on the cost of living and doing business will be welcomed, if we’re being honest, it pales in comparison to what was needed... 🧵1/4
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mark devine retweeted
The gap between Burnham's words and his Chancellor’s Budget is stark. We didn’t see reforms that would make the wealthiest pay fair taxes on their income from assets, nor a fair tax on the extraordinary profits banks have been making. 2/4
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mark devine retweeted
Calls to properly tax banks appear to have been watered down after the usual round of closed-door lobbying & public scaremongering. Hard to square promises of “ending neoliberalism” with a flagship measure delivering a partial, temporary reversal of a Tory tax cut worth £1.4Bn.
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The parasite class is ruining the planet for money.
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John Healey promised it would be a "continuity Labour government with a change of leader". His Budget has delivered exactly that.
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QUOTE OF THE DAY
Eighteen months after Westminster promised £200 million from the National Wealth Fund for Grangemouth, not a penny has been spent.
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Replying to @ammandev
Every year the turbines in Scotland are turned off because we "have no way to use the power". Why are we not using it to make synthetic petrol substitutes? It is down to infrastructure and government policy—not an inability to turn electricity into fuel.
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Replying to @BM_SC_t @ammandev
Every year the turbines in Scotland are turned off because we "have no way to use the power". Why are we not using it to make synthetic petrol substitutes? It is down to infrastructure and government policy—not an inability to turn electricity into fuel.
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mark devine retweeted
Richard Hammond’s mind is absolutely brilliant and I love the alway he articulates himself. Especially on a matter like this which I’ve always been a huge skeptic about.
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mark devine retweeted
90,835 of the 118,756 responses (76%) to the 2023 UK govt consultation on the tobacco and vapes bill were machine-generated. Corporations have a new tool for subverting polices and public opinion. To increase profits, spread addiction, health hazards. theguardian.com/society/2026…
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mark devine retweeted
The libertarian solution to every market failure is to remove whatever regulation was preventing the market failure from becoming substantially worse.
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Replying to @ScotNational
Oooh it's running out again folks the polling must be scary for the union
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mark devine retweeted
Palantir - a company which has supported ICE raids and enabled genocide in Gaza - should be nowhere near this country, let alone our NHS. Kick Palantir out.
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mark devine retweeted
I'm just glad I don't live in a dictatorship but a free democracy where every few years I can vote for a different banker or lawyer or landlord that represents the vast network of powerful corporate interests that controls every aspect of my life from cradle to grave
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mark devine retweeted
Tesco are making £4bn a year in profit. About 50% of their staff are on Universal Credit. Why don't we crackdown on this unneeded benefit for billionaires?
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mark devine retweeted
The only unaffordable thing in the UK is greed. £150bn Tax Evasion £80bn Tax Breaks £219bn Corruption £449bn - 40% of the entire budget STOLEN by the richest. That is DOUBLE the entire NHS budget. Take it back.
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