Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/826/19285

From The Socialist newspaper, 24 September 2014

Them & Us

Tough at the top

Spare a thought for the UK's top 1% of earners, currently struggling to get by on a paltry 370,000 a year. According to a new book on inequality by author Danny Dorling these earners actually believe they are in the "squeezed middle", (unlike the top 0.5% of 'earners' such as top company directors).

But before readers get too choked up over how these people will pay for their children's private school fees, there are millions of workers earning vastly below the average salary of 24,596 a year who are struggling to put food on their tables.


New NHS crisis

The funding crisis in the increasingly fragmented National Health Service (NHS) continues to deepen. Official figures reveal a 500 million deficit of the NHS in England for the first few months of 2014. For the first time self-governing Foundation Trusts have gone into deficit with 86 out of 147 in the red. Of non-foundation trusts, 33 out of 98 were in deficit.

Cutbacks, especially in staffing, are leading to increased waiting times for treatments and will impact on patient care.


Out of control

Private sector rents continue to escalate pushing more tenants into greater debt. Average monthly rent in England now stands at 761 - or 1,160 in London. Rent controls were abolished by the Tories in 1989.

Unsurprisingly, 8% of rents were either not paid or were late in August. This equals the highest level of people struggling with debt since last Christmas. According to the charity, Shelter: "Our housing market is completely out of control".


Phones fu

The mobile phone retailer Phones 4u has collapsed under a mountain of debt, threatening the livelihoods of 6,000 employees. PwC administrator has warned staff that: "You may not receive the full amount of pay that you'd usually expect to receive", despite Phones 4u having 110 million cash in the bank.

Others likely to be short changed include the taxman - owed 90 million in unpaid VAT and Paye.

However, one party laughing all the way to the bank is private equity owner BC Partners. According to media reports its purchasing and funding arrangements of Phones 4u has allowed it to walk away with an 18 million profit.


Accounting error

Global accountancy giant PwC also pops up in the storm over Tesco's 250 million inflated profits. PwC audited Tesco's books yet the accounts were signed off despite 'irregular movements in commercial income'. Readers can draw their own conclusions.


What we saw

Jess Spear (centre) was part of a 200-strong protest that blocked a BNSF coal train from going through Seattle, photo by Socialist Alternative

Jess Spear (centre) was part of a 200-strong protest that blocked a BNSF coal train from going through Seattle, photo by Socialist Alternative   (Click to enlarge)

Jess Spear, Socialist Alternative Washington State legislature candidate and climate scientist, taking direct action on climate change

On facebook:

Following the People's Climate March in Seattle, Jess was part of a 200-strong protest blocked a BNSF coal train, forcing it to retreat. "We will stop these oil and coal trains putting downtown Seattle in danger and contributing to the global climate disaster," said Jess.

Watch Jess declaring victory from the train tracks.

See on.fb.me/1DyLovg

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


In The Socialist 24 September 2014:


Socialist Party news and analysis

We need 10 an hour now!

Labour to continue austerity offensive

Climate change: Summit for nothing

Academies lead to nepotism and profit making

Them & Us


Scottish referendum

1.6 million vote Yes in revolt against austerity

After Scotland revolt: all capitalist parties in crisis

Scotland Poll: Electric mood among YES supporters


International socialist news and analysis

Millions on streets for Catalan independence

Sweden: Conservatives collapse, extreme-right gains


Socialist Party workplace news

United strike action can win

NHS workers vote to strike

College lecturers join 14 October strike

Care UK: 'We'll fight them all the way'

Croydon leisure centre strike for decent wages

West Midlands fire engine cuts

Workplace news in brief


Socialist Party reports and campaigns

Tenants threatened by 'feudal lord'

Global day of eco action

Round up: Socialist Students at the freshers fairs


Socialist Party comments and reviews

The struggle for decent social care - a personal account

Tony Benn: Will and testament

Obvious Child

Skylight

Front row fury


 

Home   |   The Socialist 24 September 2014   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Them & Us:

triangleThem & us

triangleThem & Us

triangleThem & Us

triangleThem & Us

triangleThem & Us

NHS:

triangleBirmingham South East Socialist Party: NHS in Meltdown - What can be done?

triangleThe Socialist Inbox

triangleSerco - not fit for purpose

triangleBirmingham South East Socialist Party: NHS in meltdown - What can be done?

Debt:

triangleMarch for free education! We demand a future!

triangleYoung people being strangled by debts

triangleNasty party imploding...drive out the Tories

Rents:

triangleUS: Minneapolis Socialist chimes with voters

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

Tesco:

triangleTesco's 10% pay increase accompanied by cuts and job losses

Pay:

triangleVirgin train workers vote for strike action over pay

Seattle:

triangleUSA: Historic vote for Ginger Jentzen campaign in Minneapolis

Reports and campaigns

Reports and campaigns

16/11/17

Sheffield

Sheffield Eastern Ave Job Centre strike ends

16/11/17

Virgin

Virgin train workers vote for strike action over pay

15/11/17

Students

March for free education! We demand a future!

15/11/17

Plymouth

Plymouth PCS members fight relocation threat

15/11/17

Virgin

Virgin train workers ballot for strike action

15/11/17

Carlisle

Carlisle socialists campaign against Universal Credit

15/11/17

Haringey

Corbyn must challenge pro-gentrification council leader or others will

15/11/17

Socialist Party

Why I joined the Socialist Party: "I started to question whether there was a better way"

13/11/17

Manchester

Strike wave continues with 49 walkout days by housing workers

10/11/17

RMT

Strikers picket the South Western Railway network

10/11/17

Merseyside

Huge support for strikes of bus drivers and train guards

10/11/17

Socialist Party

Highest ever ticket sales for Socialism event

9/11/17

Pay

Serco - not fit for purpose

9/11/17

Rail

Fight to keep guards on trains continues despite setback Aslef deal

8/11/17

Birmingham

Brum meeting celebrates centenary of 1917

triangleMore Reports and campaigns articles...


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

triangle15 Nov March for free education! We demand a future!

triangle15 Nov Tories on the brink - kick them out!

Socialism 2017

triangle14 Nov Socialism 2017: Organising to fight back

triangle13 Nov Strike wave continues with 49 walkout days by housing workers

triangle10 Nov US: Historic vote for Ginger Jentzen campaign in Minneapolis

triangle10 Nov Strikers picket the South Western Railway network

triangle10 Nov Europe in crisis, revolutionary winds in Catalonia

More ...

triangle20 Nov Birmingham Central Socialist Party: How can socialists support upcoming strikes?

triangle21 Nov Cardiff Socialist Students: Socialism and the struggle for LGBT rights

triangle21 Nov Birmingham South East Socialist Party: NHS in Meltdown - What can be done?

triangle21 Nov Sheffield North Socialist Party: The causes of capitalist crisis

More ...

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

Archive

Archives:

November 2017

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