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
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.
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
The Socialist 20 August 2014 |
Join the Socialist
| PDF | ebook