Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/725/14803

From The Socialist newspaper, 4 July 2012

Olympic-watch

Tax haven in the city

The 'event of the summer' will be treated just like the tax havens of Jersey or the Virgin Islands. Olympic sponsors are being given temporary exemption from corporate tax. It could mean companies like Coca-Cola and McDonalds avoid paying up to 600 million in tax.

Even the London Organising Committee has got itself a 100 million tax concession. Presumably the low-paid catering, security and stewarding staff can't expect the same treatment. This is yet another bailout for the super-rich.

Still waiting

Newham, the borough containing the Olympic Park, was promised the world when London won the Olympic bid back in 2005. Billions of pounds of public money have been spent within its borders and yet residents are still waiting to feel the effects.

A study by the London School of Economics has shown that the gap between household income in Newham and the rest of London grew between 2006 and 2011. Between 2005 and 2010 unemployment in Newham grew 44%.

Security operation

The Olympic Games are starting to look something like a James Bond film at best: An 5,000 volt electric fence will separate the area from the rest of London. 9,500 police officers will be on duty at peak times and the security team will include 23,000 officers including 13,500 military and 1,000 US diplomatic and FBI agents. Boats on the Thames that get too close to restricted areas will be caught in 'entanglement mechanisms'.

Even the air over east London is a no-go zone. And the military will be pre-authorised to shoot down anything that violates this order - presumably using the ground-to-air missiles planted on people's roofs across the capital. And all this for a snip at an estimated 1 billion.

Housing legacy

People who live and work in the Olympic boroughs are putting up with a lot for the Olympics - a transport nightmare, price increases, long working hours. But when the Games are over, we've been told we'll be re-paid in kind - five brand new neighbourhoods, 11,000 new properties built on the Olympic site in the next 20 years, and more than a third of them affordable.

But changes introduced by the Con-Dems mean that affordable can be anything up to 80% of market rate. So in Newham, one of the Olympic boroughs, an 'affordable' two bedroom property could be 762 a month.

A Newham housing worker was quoted in the Independent saying: "There are 32,000 people on the social housing waiting list here and we don't expect the Olympic Park to make a dent in that."

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


In The Socialist 4 July 2012:


Socialist Party campaigns

Jail the banksters! Nationalise the banks under popular democratic control


Socialist Party NHS campaign

SAVE OUR NHS

It's our NHS - let's fight for it!

Welsh Labour's health service 'redesign' means cuts!

South London NHS: Socialist councillors said: 'Axe PFI, not our NHS'


Socialist Party feature

PCS votes to stand candidates in national elections


Socialist Party LGBT

Sexuality, austerity and socialism


International socialist news and analysis

Kazakhstan: Resisting state oppression, fighting for survival


Socialist Party workplace news

London buses: "This is why we're in the union"

Wales Shop Stewards Network conference calls for 24 hour general strike

RMT conference: Vote for one-day general strike

Essex FBU strike back at bullyboy management

Unite needs fighting socialist policies

Supporting Sheffield recycling workers

Workplace news in brief


Obituary

Obituary: Roger MacKay, a tireless fighter for socialist ideas


Socialist Party appeal

Save our server!


Youth fight for jobs

Immolation horror - we demand jobs

Leicester: Police undermined opposition to racist march

Racist and hooligan EDL invades Dewsbury

Olympic-watch

Them&Us


Socialist Party review

Various Pets Alive and Dead


 

Home   |   The Socialist 4 July 2012   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  




Related links:

Tax:

triangleYoung people being strangled by debts

triangleNasty party imploding...drive out the Tories

triangleThem & Us

triangleProblem gambling soars by 33%

triangleAmazon tax halves as revenues soar - nationalise now!

Housing:

triangleNo more fire deaths - ensure safety now!

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

triangleEast London summit fails to address housing crisis

triangleProtest to pressure Labour to scrap Haringey redevelopment plans

London:

triangleNorth London hospital workers fight cuts and job losses

triangleNo cuts - hands off King George A&E!

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

Newham:

triangleLandlord licensing under threat - fight back

trianglePolice accused of killing cover-up

Olympic Games:

triangleBarcelona 1936: the people's Olympics

News and socialist analysis

News and socialist analysis

19/10/17

Refugees

Hundreds of torture victims wrongly detained

18/10/17

Brexit

Tories torn - bin them now

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

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

triangleMore News and socialist analysis articles...


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

triangle19 Oct Arriva North West bus drivers strike over pay

triangle18 Oct Russia, October 1917: When workers took power

triangle18 Oct Tories torn - bin them now

triangle18 Oct Royal Mail bosses block strike - back postal workers

triangle18 Oct Balloting members on the pay cap

triangle13 Oct The end of the Tories?

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

More ...

triangle21 Oct Birmingham: NSSN Solidarity Forum

triangle23 Oct Chesterfield Socialist Party: The continuing struggle for abortion rights

triangle24 Oct Liverpool Socialist Party: The October Russian Revolution 100 years ago to the day

triangle25 Oct Salford Socialist Party: The October 1917 Russian revolution

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