Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/172/7907

From The Socialist newspaper, 8 September 2000

Labour Let Rich Run Riot

THE NEW Labour government has let the wealth divide in Britain run riot. Even our normally subservient union leaders can sense the rising anger at this and say they will attack the government for letting 'fat cat' bosses prosper.

They plan to resurrect the "snouts in the trough' campaign they ran under the Tories. That campaign concentrated on British Gas executive Cedric Brown who earned 471,000 a year - that's very small beer compared to bosses under New Labour.

Labour Research magazine says that 138 directors in Britain now earn at least 1 million a year! Last year there were 79 millionaire directors, so they've nearly doubled in 12 months.

Top executives' pay is speeding way ahead of that of workers. Britain's employers received an average 16% pay rises last year, over four times the average. The highest paid directors of companies quoted on the Stock Exchange got on average 21% rises.

Over the last six years, top executives' pay has risen each year by between 10% and 21.2% - top bosses' pay is now 130% above the 1994 figure.

Brian Ashford-Russell of Henderson Technology Trust "earned" 6,389,000 after a 719% pay rise. The richest bosses also get shares and share options. Even if they're sacked or retire, they'll get a golden handshake or a huge pension.

What joy do pensioners or working-class people approaching retirement age get from this government? Peanuts, that's what. Meanwhile councils are short of teachers because they pay such low wages.

The obscene capitalist system promotes riches for the bosses and low pay for workers. The unions have resurrected the anti-fat cat campaign after workers have suffered three years of blatant capitalist policies from Labour.

If union leaders like John Edmonds are angry at the wealth gap (see page two), how about fighting for the unions' demand for a 5 an hour national minimum wage for workers? This should be the first step to the 7 an hour which is the European decency threshold.

Trade union members should campaign to stop union funds going to the Labour Party and join our fight for a new mass party of the working class.

If you agree with us, join the Socialist Party.

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


In The Socialist 8 September 2000:

Labour Let Rich Run Riot

Defend the right to Asylum

Defend Glenn Kelly

The Police's racist agenda

Labour's new threat to campaigners

Michael Davis, of the M25 Three, speaks to The Socialist

Mobilising to stop Nazi terror in Germany

French Lesson to TUC

Peugeot workers say: "Reclaim the union"

Scottish council workers' strike


 

Home   |   The Socialist 8 September 2000   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Labour:

trianglePreparing for the post-Corbyn era

triangleUnite union executive council elections

triangleStop Newham Labour's cuts and gentrification

triangleCouldn't pay, wouldn't pay, didn't pay: the battle to defeat the poll tax

triangleKeep the pressure on to save Royal Glam A&E

Rich:

triangleThe rich fund the Tories and Blairites, so help fund the working-class fightback

triangleThem & Us

triangleAristocrats are rich after all... and getting richer

triangleThe Socialist Inbox

Pay:

trianglePeterborough food workers picket and protest

triangleKeele university UCU picket line: Striking UCU members supported by students, Stoke Socialist Party members and NSSN supporters, 21.2.20, photo by Andy Bentley

triangle20 years of housing failure

Britain:

triangleWindrush deportations: end the hostile environment

triangleLeicester Socialist Party: Britain after Brexit

Reports and campaigns

Reports and campaigns

22/2/20

PCS

Workers call on Interserve bosses to recognise union

19/2/20

Rhondda Cynon Taff

Keep the pressure on to save Royal Glam A&E

19/2/20

Climate change

'Roses are red, violets are blue, BP and Shell - we're coming for you'

19/2/20

Newham

Stop Newham Labour's cuts and gentrification

19/2/20

Unite

London bus rep dismissal update

19/2/20

Birmingham

Support Clive Walder

19/2/20

East London

East London anti-academy strikes escalate

19/2/20

NEU

Sixth-form strikers stand firm for increased funding

19/2/20

Unite

Unite union executive council elections

19/2/20

CWU

CWU: Build for a massive Yes vote in Royal Mail

19/2/20

Hackney

Hackney parking wardens strike for 15 an hour

19/2/20

The Socialist

The Socialist: Ideas to change society

19/2/20

Peterborough

Peterborough food workers picket and protest

19/2/20

The Socialist

Socialist sellers

19/2/20

Environment

Socialist Students says democratise the climate strike movement

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: 079 8202 1969

East Mids: 077 3797 8057

London: 020 8988 8786

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


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