Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/535/4163

From The Socialist newspaper, 28 May 2008

Them & Us

Fat cats...

CREDIT CRUNCH hitting wages and prices? Not true for City of London fat cats who have been awarded bonuses totalling 13.2 billion so far this year. These were the record bonuses paid for high finance sector profits earlier in 2007.

The figures so far this year are only 1% down on those of a year ago. But the joy in the City may be short-lived. Some experts think that as many as 50,000 jobs could be lost in the City this year with a knock-on effect on job losses amongst the many lower-paid workers who service the City.

...and beasts of burden?

WORKERS IN Britain do a huge amount of unpaid overtime. A new report by Bristol University researchers suggests that this is particularly true in public-sector employment.

Almost half, 46%, of education, health and social care workers in public-sector and non-profit making bodies do regular unpaid overtime as compared to 29% of those employed by private companies in the same sectors. The unpaid labour of the public sector and 'non-profit' workers is equivalent to the work of 60,000 staff on normal hours.

This 'public-sector ethos' is being eroded by privatisation. Cost-cutting governments also risk the trust of these workers with pay freezes and below-inflation pay deals. More and more trade unionists will consider refusing to do either paid or unpaid overtime and will insist on taking proper rest and lunch breaks.

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


In The Socialist 28 May 2008:

Build A New Workers' Party

Crewe and Nantwich 'no-win' by-election: Why New Labour lost

I told my union: "We need a new workers' party"

Westminster parties are remote from life

Campaign for a new workers' party: conference 2008

MPs' expensive expenses


Socialist Party campaigns

Tax the rich not the poor!

Exeter bomb explosion: Workers' unity needed against terrorism, war and deprivation

Johnson's Prince of Darkness

Them & Us

Greenwich - save our centres


Socialist Party women

Women welcome abortion rights victory: Now fight to extend rights


Youth and crime

Home secretary: "Tough on crime"...but not the causes

'Youth justice': repressive measures do not work


Socialist Party feature

'Counter-terrorism' legislation threatens our democratic rights


International socialist analysis

South Africa: Attacks on refugees and migrants reveal capitalism's barbaric underbelly


Socialist Party review

The Wire - Reviewed by Michael Wrack


Socialist Party workplace news

PCS conference: More battles ahead on pay and jobs

Usdaw general secretary election: Members want democratic debate

Industrial news in brief


 

Home   |   The Socialist 28 May 2008   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Public-sector:

trianglePreparing for the showdown

triangle30 June pension strike reports

Fat cats:

triangleDefuse the consumer debt time bomb: nationalise the banks!

triangleThe Socialist inbox

triangleStrikes show workers' power

triangleBosses' pay goes up by 82% for nothing

Credit crunch:

triangleThem & Us

triangleWitty take on credit crunch misses problems at heart of capitalism

Reports and campaigns

Reports and campaigns

19/10/17

North West

Arriva North West bus drivers strike over pay

18/10/17

Democratic rights

Conference on state spies: who's watching who?

18/10/17

Leeds

Striking back against sackers' charter at Leeds Uni

18/10/17

Royal Mail

Royal Mail bosses block strike - back postal workers

18/10/17

PCS

Balloting members on the pay cap

18/10/17

Art

'Dazzling' Bad Art show points to socialist future

18/10/17

Council

Sheffield Labour council threatens peaceful protesters with prison

18/10/17

South West Wales

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

18/10/17

NHS

Uprising to save the NHS!

18/10/17

Socialism

Can you donate to the Socialism 2017 appeal?

18/10/17

East London

No cuts - hands off King George A&E!

18/10/17

North London

North London hospital workers fight cuts and job losses

18/10/17

BAE

Nationalise to save jobs at BAE Systems

18/10/17

Schools

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

18/10/17

Swansea

Socialist Students 'welcome' Hillary Clinton to Swansea

triangleMore Reports and campaigns 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