Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page:

From The Socialist newspaper, 4 December 2013

Them & Us

Robbery not recovery

When government ministers trumpet an economic recovery they must be referring to the amassed fortunes of the super-rich rather than the other 99%.

Even the Centre for Social Justice (CSJ) think tank, set up by welfare slashing Iain Duncan Smith, warned that his flagship policies of the bedroom tax and universal credit (which the CSJ proposed) could plunge people into more debt.

The CSJ also pointed out that 5,000 people are made homeless each year - unable to pay their rent or mortgage, while average household debt now stands at a staggering 54,000 - double that of a decade ago.

Deeper in debt

It's not just Nigella Lawson's former personal assistants who have been hammering the credit card; unsecured consumer debt has virtually tripled over the last 20 years to 160 billion - the equivalent of 94% of the UK's economic output. Only the Republic of Ireland has a higher ratio of personal debt to GDP within Europe.

Bored MPs

If you thought that fiddling expenses by establishment party MPs was down to good old fashioned greed, then think again. Commons' speaker John Bercow reckons that MPs fiddled their expenses as a "displacement activity" because Parliament had become irrelevant and ineffective ie because MPs are bored!

Only the uncaring would suggest that said MPs become permanently displaced!

Payday misery

Needless to say it's the poorest that are bearing the brunt of the government's austerity measures. Essential household bills have rocketed by 27% since 2007, with one in six payday loans now being used to cover them. This has generated an annual 4.8 billion market for rip-off payday lenders.

Going hungry

An estimated 500,000 plus households have been forced to rely on food banks to survive. Charities estimate that one in five of the population have gone hungry this year because they can't afford to buy a meal.

Worst pension

The UK's state pension is one of the worst in the developed world according to the Organisation for Economic Cooperation and Development (OECD). Out of the 34 countries in the OECD bloc, only Mexico's state pension fares worse than the UK's.

Here, a worker on average pay can expect a pension worth only 32.6% of final pay when they retire, compared to an OECD average of 54.4%. "With the legislated increases in retirement age to 67 for both men and women, expenditure is only expected to increase by 0.5% over the next 40 years to 8.2% of GDP, well below the OECD average of 11.7%", according to the OECD.

Council tax liabilities

Since 1 April 2013, along with the Con-Dems' hated 'bedroom tax', many low income households have been hit hard by the government's council tax benefit cuts. Previously, low income households could obtain full council tax benefit but after the government cut funding by 10% many local authorities, often Labour controlled, have simply imposed this reduction on its poorest residents.

According to a report by False Economy, who surveyed 200 councils, more than 25 people a day, unable to pay council tax bills, were issued with court liability orders between April and September - a 30% increase. Hundreds of thousands of people have been fined and are now threatened with bailiffs as a result.

What we read

American dream?

"The top 1% of incomes are close to full recovery (after the financial crisis) while the bottom 99% have hardly started to recover", says Emmanuel Saez of the University of California, Berkeley.

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

In The Socialist 4 December 2013:

Socialist Party news and analysis

Corporate Killers!

Boris - it's the system, stupid

SNP's white paper will not deliver decisive change

We need mass house building

Build action to save our NHS!

Them & Us

International socialist news and analysis

The fight against low pay in the United States

Socialist Party reports and campaigns

Kent: Unions and parents unite against all the cuts

Fracking comes North...

Council uses court against Bedroom Tax victims

Support the fightback in Con-Dems' Dickensian Britain

Trade Unionist and Socialist Coalition

London TUSC groups plan for 2014 elections

Socialist Party workplace news

Save our fire service!

Npower job cuts must be fought!

Universities: second coordinated strike over pay

London University: strike by support staff

Support striking St Mungos workers

Civil service union calls for an end to violence in Jobcentres

Workplace news in brief

Socialist Party comments and reviews

Is workfare coming to Morrisons?

Film review: Catching Fire

Why I believe in socialism


Home   |   The Socialist 4 December 2013   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook

Related links:


triangleYoung people being strangled by debts

triangleNasty party out the Tories

triangleThem & Us

triangleProblem gambling soars by 33%

triangleAmazon tax halves as revenues soar - nationalise now!


triangleSheffield Labour council threatens peaceful protesters with prison

triangleUnite local government sector plans strike ballot

triangleSchools "can't go any further" - stop the cuts: set deficit budgets now

triangleSalford Unison condemns pay cuts


triangleNHS meltdown - fight the Tory cuts

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

triangleTories wreck our NHS


triangleMagic money tree

triangleReject Starmer's Single Market u-turn


triangleWorkers' anger increases after Royal Mail bosses block strike - back postal workers

Bedroom tax:

triangleHundreds turn out for rally aimed at removing west Wales Tory MP


triangleNorth London hospital workers fight cuts and job losses

News and socialist analysis

News and socialist analysis


What we saw

What we saw



Obesity epidemic: end food market anarchy



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



Young people being strangled by debts



Tories torn - bin them now



The end of the Tories?



Nasty party out the Tories


Black history

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



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


Universal Credit

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


Them & Us

Them & Us



NHS meltdown - fight the Tory cuts



IMF helps cause inequality it slams



Tories wreck our NHS



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 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



October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017





















Platform setting: = No platform choice