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Trade Union Bill: 77% of Public Think That Big Donors Have Too Much Influence on Parties

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Ahead of a major Parliamentary showdown on the Trade Union Bill, the Electoral Reform Society has released new polling showing that 77% of the public believe big donors have too much influence on political parties. The findings come ahead of a motion in the House of Lords on Wednesday to make the Trade Union Bill – which is expected to result in a £6m per year cut to Labour’s income – form part of a cross-party deal on party funding reform, rather than just affecting Labour.

The Electoral Reform Society is calling on Peers to back the motion to set up a cross-party committee on the Trade Union Bill, so that it can form part of a new settlement on party finances across the board. The motion is backed by Liberal Democrat and Labour Peers and is likely to be backed by a large number of cross-benchers.

The polling released today also shows that 72% of the public agree or strongly agree that the system of party funding is ‘corrupt and should be changed’ – up from 61%when the same question was asked in 2014.

57% also believe that a ‘state-funded political system would be fairer than the one we currently have’ – up from 41% in 2014.

The ERS and others are concerned that the Trade Union Bill is currently one-sided in its approach to reforming Labour’s funding, undermining the convention that party funding matters be dealt with in a multi-party manner.

Katie Ghose, Chief Executive of the Electoral Reform Society, said “These findings show that the public are deeply concerned with Britain’s broken party funding model. Party finances in the UK are in dire need of reform, following years of scandals and voters’ rising disgust about the role of money in our politics.

“There is growing appetite for reforming the way parties are funded, and you can see this among people from across the political spectrum. Measures in the Trade Union Bill to ensure union members have to ‘opt in’ to pay into political funds could form part of a fresh settlement.

“However, by targeting Labour and not tackling the issue in the round, the Government is risking decades of parties indulging in tit-for-tat raids on each other’s sources of funds. We need all parties to get around the table and deal with this once and for all. There is no other way of finding a sustainable solution and avoiding accusations of constitutional gerrymandering.

“Now is the time for all parties to get to grips with the mess that is Britain’s party funding system. The fact is that Labour is seen by the public to be at the behest of barons, and the Tories at the behest of bankers. All parties need to tackle the big donor culture which makes party funding an arms race rather than an open democratic process.

“We therefore urge Peers to get behind Wednesday’s motion to set up a cross-party committee on the party funding elements of the Trade Union Bill.”

For more information, quotes or to arrange an interview/comment piece, contact Josiah Mortimer, ERS Communications Officer, on 07717211630 or josiah.mortimer@electoral-reform.org.uk

 

Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

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Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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How to make a sustainable living out of Forex Trading?

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sustainable forex trading
Shutterstock Licensed Photo - By Robert Kneschke | https://www.shutterstock.com/g/robertkneschke

There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.

In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.

1. Limit your risk ceiling

When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.

2. Learn about leverage ratio and account type

When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.

3. Start small

While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.

4. Learn to control emotions

A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.

5. Automate your processes

I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.

6. Keep it simple.

Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.

Conclusion

I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.

Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.

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