Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/822/19110

From The Socialist newspaper, 20 August 2014

Government creates economic mirage as election approaches

Simon Carter

Ahead of next year's general election, Tory Chancellor George Osborne and Lib Dem Treasury minister Danny Alexander have been regaling the mainstream media with tales of government success in increasing employment, in an expanding economy.

They have, however, remained silent on the reported fall in average earnings in the April to June quarter which means that household incomes continue to be squeezed.

And far from the coalition's four year-long austerity measures turning the economy around, again there is no government response to the fact that the 'recovery' has been the slowest and shallowest in modern British history.

Moreover, the Con-Dems' much vaunted economic growth appears confined to the service sector rather than manufacturing. And as the main eurozone economies stagnate it's a racing certainty that Britain's pitifully weak manufacturing base will once again contract, shedding more jobs

An examination of the employment statistics also leaves little for the government to crow about as nearly half the increase in jobs (408,000) over the last year has come from self-employment. This group now accounts for a staggering 4.59 million workers. And we're not talking about large numbers of millionaire entrepreneurs but instead many low paid, precarious workers unable to secure permanent, well-paid employment. In December 2013 the Joseph Rowntree trust reported that these workers had suffered a fall in income of 31% over the last 12 years.

And while youth unemployment has officially fallen to 16.9% from 21.4% over the last 18 months it is still higher than the pre-crisis 13.8% in 2008.

It seems that that the biggest growth has been in government propaganda!

Donate to the Socialist Party

Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 


In The Socialist 20 August 2014:


Socialist Party news and analysis

We can't live on poverty pay!

Protests, strikes, equality: Women in World War One

Socialist policies needed to answer Project Fear

Scandal of underfunded mental health services

Government's economic mirage as election approaches

Them & Us


The Socialist readers' comments

Welsh councils have a choice

Why I joined the Socialists


International socialist news and analysis

Iraq: Only united action can stop sectarian war

USA: Ferguson erupts over police killing

Jess Spear election success


Socialist Party reports and campaigns

Capitalism means war: Join the Socialists!

Join the Fast Food Rights day of action on 28 August

Youth services: jobs and centres slashed

Campaign steps up on New Era estate

Re-house Charlie Wort!

Protest camp brings NHS activists together

The People's March for the NHS

Liverpool anger at library closures

Campaigning for genuine equality at Leeds Pride

TUSC byelection reports


Socialist Party workplace news

Care UK workers to strike for three weeks

North West Fire Service call centre cuts catastrophe

BT pay cuts: we need less surveys, more action!

Surrey council workers look to strike on pay

Royal Mail workers stage unofficial walkout

Support London Taxi drivers' fight against deregulation


 

Home   |   The Socialist 20 August 2014   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Economy:

triangleBristol North Socialist Party: What happens after a crisis 2 - The Planned Economy

triangleThem & us

triangleTwo-metre rule under 'review' - Another case of profit before safety

triangleRoosevelt's New Deal programme - reforms to save capitalism

triangleProtect every job, nationalise don't subsidise

Government:

triangleBangladesh: Stop closure and privatisation of Jute Mills

triangle75th anniversary of the Attlee Labour government

triangleLeeds City Council in danger of bankruptcy

triangleSunday trading: Government blinks first

Election:

triangleHackney & Islington Socialist Party: The US presidential election

triangleSocialism Today special issue: Lessons from the Corbyn experience

triangleEquity union general secretary election

Jobs:

triangleYoung people fighting back: Jobs and homes, not racism

triangleSouth Africa: Building jobs and living wage campaign

News and socialist analysis

News and socialist analysis

1/7/20

Coronavirus

Tory full return to school plans gamble with lives

1/7/20

Trans rights

Yes to self-identity

1/7/20

Waste

Plastic waste ignored

1/7/20

Covid

Tories put profit before lives

1/7/20

NHS

A socialist NHS fit for heroes

1/7/20

Labour Party

Workers need a new mass party to defend their interests

1/7/20

Food

News in brief

1/7/20

Tory party

Capitalism and corruption go hand in hand

1/7/20

Government

Boris's new big deal

1/7/20

Benefits

Benefits system being used to force return to unsafe workplaces

30/6/20

Britain

A new movement for system change

24/6/20

Housing

Act now to cancel Covid crisis rents and debt

24/6/20

South Wales

Victory for Royal Glamorgan A&E!

24/6/20

Coronavirus

Lifting the lockdown: workers must not pay the price

24/6/20

Young people

Young people fighting back: Jobs and homes, not racism

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 07748 534 891

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


July 2020

June 2020

May 2020

April 2020

March 2020

February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999