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From The Socialist newspaper, 15 February 2017

Super-rich subsidised

We are the 99% - Take the wealth off the 1% Socialist Party placard, photo Paul Mattsson

We are the 99% - Take the wealth off the 1% Socialist Party placard, photo Paul Mattsson   (Click to enlarge)

The 'precariat' - workers employed on zero-hour contracts and insecure work in the 'gig economy' - is costing public funds nearly 4 billion a year in lost taxation and benefits, according to the Trade Union Congress.

Workers unable to secure full-time employment are often forced into self-employment, with many effectively earning less than the minimum wage. Officially, the number of self-employed has soared by 26% in the last decade to 4.8 million - 15% of the UK workforce.

The government blithely says it is "creating an economy that works for everyone." For sure it works for the UK's top 1,000 super-rich individuals. Their overall fortune increased last year to 576 billion, up from 547 billion in 2015.

Simon Carter

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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.

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In The Socialist 15 February 2017:


What we think

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Corbyn needs to stand up to Brexit rebels


Socialist Party news and analysis

March to save #OurNHS

Resist Trump and his rotten policies: why I'm walking out on 'Day X'

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Save child refugees, fight the cuts

Prison deaths scandal

Super-rich subsidised


International socialist news and analysis

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CWI and Izquierda Revolucionaria - towards unification

Izquierda Revolucionaria central committee meeting

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United fightback needed as entire grade of rail worker is at stake

"Disgraceful" treatment of sacked EHRC workers

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Socialist readers' comments and reviews

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The Socialist inbox


 

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Related links:

Benefits:

triangleTories' obesity plans - blaming individuals not the profit system

triangle1,600 less benefits if your job goes - while super-rich splash cash

triangleBenefits system being used to force return to unsafe workplaces

triangleOver 30% of children living in poverty

triangleUniversal Basic Income: not a solution to insecurity and poverty under capitalism

Super-rich:

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

Workers:

triangleSocialist Party & Unison NEC member Hugo Pierre (centre), alongside others, taking part in the 8 August health workers' protests for a 15% pay increase. Photo Sarah SE

Minimum wage:

triangleWorkers need a 'new deal' - at least 12 an hour now!

Zero-hour contracts:

triangleLabour and the fight for a shorter working week

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