Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/685/12764

From The Socialist newspaper, 14 September 2011

Fast news

Dark days

The combined effects of the capitalist recession, wage and benefit cuts, tax increases, job losses and other government austerity measures have hammered UK living standards.

In a recent report the Institute for Fiscal Studies (IFS) is predicting a 3.5% fall in typical household income in the year to April, the largest drop since 1981 - ie since the darkest days of the recession engineered by the then Tory Thatcher government.

The report says: "Previous IFS research has already shown that the decline in average living standards looks set to continue until at least 2013-14. Taken together, this would mean that the UK had experienced one of the worst decades for changes in living standards since at least the Second World War. The Great Recession thus looks set to cast a very long shadow."

Mervyn King, the governor of the Bank of England, admitted earlier in the year that the drop in living standards would be the worst in a generation.

The Trades Union Congress has published a study showing that working families will see their living standards fall by more than 4,600 by 2013 as below inflation wages, benefit cuts and public spending cuts turn the screw on households.


Journalists targeted

At the demonstration against the racists and hooligan English Defence League (EDL) in east London on 3 September, a number of journalists were targeted for attack by EDL members.

Journalists and photographers were threatened and harassed and some were physically assaulted. Shockingly, one photographer was sprayed with a flammable liquid and set on fire.

The National Union of Journalists is defending its members who were attacked and is campaigning against this attempt to prevent the exposure of the violent and racist nature of many of the EDL's members and followers.


Consumer depression

The largest shopping mall in Europe opened its doors to much fanfare this week. The Westfield Stratford City mall at the entrance to the 2012 Olympic site in east London boasts hundreds of shops, bars and restaurants. However, Richard Dodd of the British Retail Consortium was less than sanguine about its opening in the current economic climate: "Any retailer or developer would want to be able to choose a time to open, and we wouldn't choose the conditions we have now."

He added: "Consumer confidence is very weak. Our own figures for August showed that spending was only 1.5% higher than in August a year ago, but that is less than inflation and we've had a VAT rise. People bought less stuff this year than a year ago. And all the indicators are that people feel their own costs are rising."

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


In The Socialist 14 September 2011:


Socialist Party features

We need a programme of action to fight back!

Austerity policies strangle growth


Socialist Party youth and students

Pampered politicians plan education massacre... STOP THEM!

Low pay and the housing crisis

Youth must join pensions struggle

EMA cuts: doors close on our future

Cuts hit young people hard in Hastings


Stop attacks on pensions

Hands off our pensions!

NHS pensions - Pay more, work longer and get less!


Socialist Party workplace news

Bombardier

Support Wyndeham workers

No to pay cuts in Carmarthenshire

Workplace news in brief


International socialist news and analysis

How can the national rights of Palestinians be achieved?


Socialist Party news and analysis

NSSN calls on TUC to open the floodgates of mass action

Nationalise the banking system!

Childcare costs push parents into hardship

Save our NHS

Fast news


Socialist Party review

Power and terror


Socialist Party reports and campaigns

Save Surrey libraries!

Bristol: Labour's short-lived valour

Hundreds march against Dale Farm evictions

May Day protest case goes to Strasbourg


 

Home   |   The Socialist 14 September 2011   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Journalists:

triangleThe Socialist Inbox

triangleFight the Sun's bigoted lies

triangleNewsquest strike: "It's impossible to do our jobs"

triangleNewsquest strike: Bosses realise 'contraints' of scab labour

Recession:

triangleSocialist Students launched in USA

EDL:

triangleDemonstrators see off far-right in Keighley

triangleRacist EDL humiliated for third time

triangleFar right humiliated in London - but trade unions must organise against racism and austerity

Cuts:

triangleNorth London hospital workers fight cuts and job losses

triangleNo cuts - hands off King George A&E!

Inflation:

triangleTories scrap the NHS pay cap: now fight for real-terms pay rises!

English Defence League:

triangleNew Socialist Party pamphlet: Fight racism, fight for socialism

News and socialist analysis

News and socialist analysis

18/10/17

What we saw

What we saw

18/10/17

Food

Obesity epidemic: end food market anarchy

18/10/17

NHS

Tories scrap the NHS pay cap: now fight for real-terms pay rises!

18/10/17

Debt

Young people being strangled by debts

18/10/17

Brexit

Tories torn - bin them now

13/10/17

Labour

The end of the Tories?

11/10/17

Tories

Nasty party imploding...drive out the Tories

11/10/17

Black history

The fight against racial discrimination is tied to fighting against capitalist austerity

11/10/17

Housing

Housing crisis: Corbyn's positive measures blanked by Labour's right

11/10/17

Universal Credit

Major attacks 'Universal Credit', half a million more face poverty

11/10/17

Them & Us

Them & Us

11/10/17

NHS

NHS meltdown - fight the Tory cuts

11/10/17

IMF

IMF helps cause inequality it slams

4/10/17

NHS

Tories wreck our NHS

4/10/17

Workers

Monarch abdicates responsibility to workers

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

triangle11 Oct CWU fights court attempt to stop national strike

triangle11 Oct The fight against racial discrimination is tied to fighting against...

triangle11 Oct Catalonia: Workers can finish what Puigdemont won't

triangle6 Oct Boeing bust-up threatens thousands of skilled jobs

triangle4 Oct The nasty party turns on itself... but the Tories must be driven out

More ...

triangle18 Oct Warrington & St Helens Socialist Party: 1917-2017; the October Russian Revolution

triangle18 Oct Hackney Socialist Party: 100 years ago - the Bolshevik-led revolution

triangle18 Oct Tower Hamlets Socialist Party: Capitalism in Crisis - is Corbyn the answer?

triangle19 Oct Waltham Forest Young Socialists: Deaths in police custody

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2