Help UK day/market traders run their markets as a co-op & other ideas

Posted on 10-10-18 by Yahija M. Number of votes: 0 | Number of comments: 3

I propose that the Labour adopt the following as a means of both enhancing it's scheme to create 'co-ops' as well as to improve voter engagement: 


1) Have Labour investigate how UK day/market traders (provided they are tax paying UK citizens?) can run their market as a (publicly-owned?) co-op rather then their borough council so as to prevent those markets which those traders work in (along with providing a lawful income & form of employment to many people as well as serve a role in the local community?) from being willfully neglected (e.g. in planning regulations, consulted on being connected to public transport hubs), ruined by exorbitant rent increases, demolished to create land for property speculators, sold to equityfunds/hedgefunds who would charge those traders exorbitant rents (& thereby potentially push those traders into penury).


2) Investigate how in the event a borough decides to sell the land of their day-market to a private organisation (e.g. property developers or equityfunds or foreign buyers) that the 'day/market' traders of that market can also not only be allowed to bid for purchase & run their borough day market as a co-op but that the bid to run that market as a co-op be given priority, especially if the private sector buyer which the borough wants to sell to is a foreign (i.e. non-UK based) firm.


3) Investigate how such potential 'day-trading market co-ops' can be helped by a future Labour government to create (e.g. tax breaks as well as provide free technical assistance to inform & guide them in the process of establishing such structures) for any member of their 'day-trading market' who has been an active (i.e. full-time working) taxpaying market trader for over 10 years a 'legacy fund' which could both help their relatives with future disability equipment purchases that they may need help look after (i.e. to medically assist) that individual in case that market trader ever becomes disabled (e.g. caused by the nature of their work in the market or because of a genetic illness) as well as help with that individual's funeral costs if they were to pass away before their retirement.


4) Improve Labour's economic messaging by highlighting to the public (not just on social media but in the local press of marginal seats) that not fixing 'in work poverty' (e.g. usage of foodbanks by nurses due to public sector pay freezes) is not a 'rational financial necessity (e.g. Tory rhetoric "Britain can't afford it" despite the fact that household budgeting & government budgeting are two different things - i.e. households can't print currency, states can - see the anti-austerity arguments of Professor Mark Blyth)' but a 'political choice' (e.g. favouring one group over another because they donors) chosen for dogmatic (i.e. neoliberal) reasons but mis-sold as a necessity & because it's a 'political choice' it can be overturned quickly if enough people demand practical solutions (e.g. favouring organised labour over organised capital in the tax system, creating a green 'Universal Job Guarantee' or UBI programmes that's funded by taxing algorithms used in UK financial markets & in data harvesting by tech companies operating in the UK) to overturning it, especially if their constituency is a marginal parliamentary seat held by a Tory or Lib Dem MP.


See next post for number 5 policy.

Referring to: Economy, Business and Trade

The Economy, Business and Trade Policy Commission develops Labour's economic and business policy, including industrial strategy and international trade.

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