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From The Socialist newspaper, 5 November 2008

Fast news

Ford protest

National and local leaders of the trade unions in Ford have called a lobby of Southampton council on 26 November. Union leaders will be meeting with the Tory-run council. The lobby has been called to increase the pressure to raise the 100 million needed to re-tool the Southampton plant and keep the Transit commercial vehicle production there.

Ford workers and supporters are being asked to attend the lobby at 9am at Southampton Civic Centre, Civic Centre Road.

Job un-creation

Lloyds have announced that 30,000 jobs will be axed in the wake of its merger with failed bank HBOS, despite a 17 billion bailout by the government - paid for by workers' taxes. The merger is part of chancellor Alistair Darling's rescue package, giving a 40% government stake in the new bank. In addition to the job losses, Lloyds said that it would close branches and call centres.

HBOS nosedived after losing 2.7 billion in write-offs on corporate and residential loans, and hits relating to the fall of Lehman Brothers. It will also be affected by the collapse of Iceland's three banks.

RBS bank, which has been bailed out by the government to the tune of 20 billion, also intends to slash jobs.

Yes, but no

David Hodgkinson, chief operating officer at HSBC bank warned that it may not pass on the full effect of a Bank of England interest rate cut to customers.

Hodgkinson, who was part of a business delegation accompanying Gordon Brown on his recent tour of the Gulf, said: "Clearly if interest rates are down significantly the rates for borrowing will go down but I am not going to say it is absolutely linear, because it depends on the particular (situation) and the risk." That's a no!

Bowler hat

Michael Gove, the neo-con Tory MP, has accused workers who dig up roads of starting late, clocking off early and of a "criminal" lack of activity. Something which MPs can never be accused of!

Some may wish Gove has the same fate as the busybody posh bloke in Bernard Cribbins song, Hole in the ground: "Well there we were, discussing this 'ole'. Ole in the ground, so big and sort o' round.

"It's not there now, the ground's all flat. And beneath it is the bloke in the bowler hat. And that's that!"

Environment Trumped

US tycoon Donald Trump's plans for a 1 billion golf resort near Aberdeen, Scotland, have been approved by the SNP government.

The proposals were rejected by Aberdeenshire council last year because part of the resort will encroach on protected sand dunes near Balmedie.

But their decision was overturned by Scottish government and finance secretary John Swinney who said there was "a significant economic and social benefit" in granting the application.

Mr Trump welcomed the decision.

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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.
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  • 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.
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In The Socialist 5 November 2008:

Striking against low pay

US election

Obama wins, neo-cons routed in US presidential elections

George Bush's toxic legacy

If Obama wins - Looking beyond the hope bubble

Socialist Party campaigns

Labour bashes lone parents

Canary Wharf: Low paid workers welcome socialist campaigners

Sri Lanka: Acting out oppression

What recession?

Fast news

Marxist analysis: history

1918 revolution: When German workers entered the stage of history

Socialist Students

New Labour retreats on promises to students

Victory over Tory school closure plan

Austria: Socialist players suspended from football club for anti-fascist activities

Year 9 SATs abolished: Now get rid of the rest!

Republic of Ireland: Student fightback

Socialist Party workplace news

Liverpool City Council: Housing maintenance workers fight for jobs

Fighting for a socialist solution to the crisis in the car industry

Shipyard strike for fair wage

Striking for trade union rights

Turkish dockers fight workplace 'massacres'


Home   |   The Socialist 5 November 2008   |   Join the Socialist Party

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Related links:


triangleAusterity anger feeds movement for Welsh independence

triangleNSSN meeting determined to fight for Ford workers

triangleFord Bridgend workers vote to fight to save threatened plant

triangleWales NSSN: Support the Ford Bridgend workers - No Closure

triangleNationalise Ford to prevent closure


triangleCouncils must use resources now for emergency response

triangleTrade unionists say "defend the right to strike!"

triangleDefend the right to strike! Southampton solidarity meeting

triangleLabour councils miss opportunity to stop Tory cuts


triangleSafe protests against Tory corona chaos continue

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triangleAdding demands to the weekly claps


triangleCrisis in council services: Labour must fight or stand aside

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