Link to this page: http://www.socialistparty.org.uk/issue/638/10220
Osborne targets the needy
A LEAKED letter from chancellor George Osborne to work and pensions minister Iain Duncan Smith reveals that the coalition government intends to slash spending by £2.5 billion on disabled people or those too ill to work.
The letter - circulated to both David Cameron and Nick Clegg - shatters the big lie of the Con-Dem government that the pain of reducing the budget deficit will not fall on the most vulnerable and needy.
This assault on welfare also reveals the savagery of cuts expected to be meted out in chancellor George Osborne's comprehensive spending review next month.
It is widely anticipated that Osborne will slash public spending across all government departments by up to 40%, causing huge job losses and cutting welfare benefits to the bone.
These draconian cuts come at the same time that the bonus culture amongst top directors has returned to its pre-financial crash levels. A survey by Deloitte found that average bonuses for directors in FTSE 100 firms amounted to 100% of their salaries, rising to 140% in the top 30 companies.
So having bailed out the fat cats with public money the government will now claw back billions from those people with the lowest incomes.
In The Socialist 15 September 2010:
Socialist Party editorial
Socialist Party youth and students
Feature: Socialist Party women
Socialist Party news and analysis
Socialist Party workplace news
International socialist news and analysis
Socialist Party review