Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/582/7404

From The Socialist newspaper, 5 June 2009

Fast news

All pain, no gain

WORKERS AT Honda's car factory in Swindon returned to work after a four-month layoff having accepted a 3% pay cut over the next 10 months to protect 490 jobs.

According to the pro-capitalist Keep Britain Working campaign more than half of all UK workers (54%) have experienced a cut in pay, a reduction in hours or a loss of benefits since the recession began.

Over the last nine months 27% of UK workers have had their pay cut, 24% have had their hours reduced and 24% have lost benefits. While 37% of UK workers have experienced just one of these changes, 12% have experienced two of them and 5% have experienced all three. Two in five workers (40%) have been given extra responsibilities

However, according to the Office for National Statistics, in spite of these workers' sacrifices, unemployment has risen as steeply as in the 1980s recession and more sharply than in that of the 1990s.

There cannot be common cause between workers and bosses to combat recession. As the above illustrates, for workers it's 'all pain, no gain'. The slogan should be: "It's the bosses' crisis, make them pay for it".

Value for money

A CASE study of the Private Finance Initiative (PFI) at the Norfolk and Norwich University Hospital (NNUH) by Chris Edwards, Senior Fellow at the University of East Anglia, shows an additional annual cost to the public purse of at least 19 million due to the PFI contract.

823 million (at 2007 prices) is still to be paid in rent up to the end of the contract in 2037; this is for a hospital that had a basic construction cost of 159 million.

Meanwhile the annual rate of profit for the shareholders of Octagon Healthcare, the company behind the PFI, has exceeded 100%. This includes a 95 million windfall profit in 2003 on refinancing, which was generally described by the chair of the Public Accounts Committee as "the unacceptable face of capitalism".

Golden handshakes

HAVING BEEN caught with their hands in the expenses till, a number of MPs have announced they are standing down at the next general election. This includes Tory MP Sir Douglas Hogg who claimed money for having his moat cleared, and Labour MP Labour MP Margaret Moran who charged 22,500 to the public for dry rot treatment.

Most people however, want to see the back of these superannuated thieves now. But the reason these MPs are hanging on until the next general election is because they will then receive even more money in golden handshakes. If they quit now they lose out.

Tory MPs Andrew Mackay and partner Julie Kirkbride, having resigned after 'flipping' second homes in their expenses claims, will get 97,000 between them. And 30,000 of that sum will be tax free!

Douglas Hogg is in line for a 59,585 goodbye and Margaret Moran a 54,403 ta-ta. 'Duck house' MP Peter Viggers will get 32,383 and the payoffs don't stop there. These toe-rags will also walk away with a hefty final salary pension.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 5 June 2009:

Action to defend union rights

Visteon pensioners battle on

Vauxhall jobs threat - unions must organise a fightback


Workplace news and analysis

Royal Mail sell-off - Time for action!

Fast news

Tube workers vote to strike

Bristol refuse workers strike

Battling against the blacklist

Glasgow care workers' success


Socialist Party election campaign

Prepare now for next election challenge

European elections: Putting forward a workers' alternative

A Question Time carve up

Challenge these disgraced MPs

A Parliament of celebrities and a speaker of integrity


Youth

Aston University socialists fight for student democracy

Sussex University: Save Linguistics campaign

Socialist youth conference and protest

Youth Fight for Jobs: Fortnight of action 27 June to 10 July


Socialist Party feature

NATO anniversary: 60 years of aggression and terror


Socialist Party review

The Frock-Coated Communist: the revolutionary life of Friedrich Engels


Marxist analysis: history

Tiananmen Square 1989: Counter-revolution crushes China's democracy movement


 

Home   |   The Socialist 5 June 2009   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Pay:

triangleStriking Brum home carers reject 'final' pay cut offer

triangleCable makers' pay strike bites as production falls 33%

triangleUber drivers strike against unfair 'deactivation' and low pay

triangleBolton hospital workers strike as subsidiary company refuses NHS pay rates

triangleNo to fat-cat top judges' 59k pay hike - fight for decent pay for criminal justice workers

Recession:

triangleBristol North Socialist Party: Is a recession coming?

triangleThe Socialist inbox

MPs:

triangleFight for a democratic, socialist Labour Party

triangleCorbyn must lead in fight against the Blairites

triangleTories in chaos - general election now!

PFI:

triangleEnd Runcorn school PFI rip off

triangleThe case for socialist nationalisation

Reports and campaigns

Reports and campaigns

17/10/18

Redundancy

Grimethorpe dinner ladies stage all-out strike against redundancy

17/10/18

PCS

PCS union: nominate Chris Baugh as Left Unity candidate for assistant general secretary

17/10/18

Far-right

Demo against far-right DFLA

17/10/18

Socialist Students

De Montfort freshers stall

17/10/18

Devon

Devon foster carers fight 30% cut in allowances

17/10/18

Capitalism

Socialism - the podcast offering Marxist analysis for the movement against capitalism

17/10/18

Newham

Newham finance staff fight pay and grading insult

17/10/18

Pay

Cable makers' pay strike bites as production falls 33%

17/10/18

Bolton

Bolton hospital workers strike as subsidiary company refuses NHS pay rates

17/10/18

Uber

Uber drivers strike against unfair 'deactivation' and low pay

17/10/18

South Western Railway

South Western rail workers launch five-day safety strike to save guards

17/10/18

Birmingham

Striking Brum home carers reject 'final' pay cut offer

16/10/18

Haringey

'Corbyn-council' faces a choice: Implement or fight the cuts

12/10/18

Film

Peterloo film exposes bloody nature of capitalism

12/10/18

Universal Credit

New anti-poll tax type revolt needed today

triangleMore Reports and campaigns 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: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


October 2018

September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999