Socialist Party
| Print

8 July 2020

1,600 less benefits if your job goes - while super-rich splash cash

Households suffering unemployment during the pandemic will get 1,600 per year less in benefits than in 2011. Families with kids will have been robbed of 2,900 due to Tory benefit cuts, reports the Institute for Fiscal Studies.

And bosses could use Covid-19 to throw over a million more workers on the scrapheap, according to Bank of England projections. May estimates foresaw official unemployment doubling to 8% this summer, approaching the 2010 peak after the Great Recession.

Never mind paying down our debts, or even going on a modest holiday. How are working-class people even to keep up with racketeering rent and utility costs, on top of a killer virus?

Meanwhile, the Telegraph reports that "a new item has been added to the wish list of ultra-wealthy homeowners: their own private hospital."

One super-rich house buyer specified on-site quarters for not one, but two full-time registered nurses (in case one gets sick). Buying agent Mark Lawson commented that "if you're spending 10 million or more, you'd expect it to come with large grounds and a few small cottages" to fit out and staff a personal clinic!

And there are no cancelled trips away for the super-rich! Shy Aviation, a private jet firm, reports a 300% rise in new client bookings compared to last year. Some are even "booking 13-seat aircrafts for one person, and they're running at 8,000 an hour." Private Islands Inc reports a 30% growth in enquiries about private islands.

Fight for a decent job, a living wage and living benefits for all. Take the wealth off the 1%. Nationalise the banks and big business - and turn them from cash siphons into planned providers for all.