Link to this page: http://www.socialistparty.org.uk/issue/556/6607

From The Socialist newspaper, 12 November 2008

Fast news

Rewarding failure

Sir Ian Blair, the former head of the Metropolitan Police, is to get a pay-off worth 1 million.

Blair, who quit last month, will get a lump sum payment of 295,000 - the amount he would have earned if he had remained in charge of the Met until his contract expired in February.

This will be topped up with 100,000 which includes perks and bonuses he could have collected as Commissioner.

Blair is expected to face renewed criticism following the inquest into the police shooting of migrant worker Jean Charles de Menezes.

It has also been reported that Blair is entitled to a lump sum pension payment of 672,000 plus an index linked pension of 126,000 a year. The package was approved by Tory London Mayor Boris Johnson's deputy for policing, Kit Malthouse.

Out after two misses

The High Court has reaffirmed the right of mortgage lenders to repossess a property after just two mortgage payments are missed, without even getting a court order. It was even left unclear in the ruling if the evicted home owner would be given any of the sale proceeds of their home if there is money left over once the mortgage debt is cleared. Lawyers have responded with astonishment to the ruling. So much for Gordon Brown's promise that repossessions would be a last resort.

Failed bankers in charge

The government is calling in headhunters to look for people to work in the new banking watchdog body UK Financial Investments. Brown and Darling have flung 37 billion of our money to the banks in their most recent handout and they obviously need to pay some people large sums of money to look after it.

This body is also supposed to ensure the banks stick to agreements about bankers' bonuses and dividends.

Sir Philip Hampton, chairman of Sainsbury's, has been made chairman. This is in spite of a blot on his CV, having previously been finance director of the not especially successful LloydsTSB.

Presumably they'll be able to find some bankers looking for a new job these days, but salaries could be a problem. The Treasury says salaries are likely to reflect a "balance" between private and public sectors. So that "balance" would take account of the many civil servants who are paid barely over the minimum wage? Probably not.

The Socialist calls for nationalised banks to be run under democratic workers' control and management. Failed bankers' control and management will only result in our money being squandered once again.

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


In The Socialist 12 November 2008:


Socialist Party campaigns

Defend workers' jobs and pay

PCS union: Strike threat wins talks

Confined to one room

Fast news


Socialism 2008

Socialism 2008 - an inspiring weekend


War and occupation

Iraq, Afghanistan... End the occupations!


Socialist Party Marxist analysis

A political awakening propels Obama to victory

Why Labour won the Glenrothes by-election


Socialist Students

'Students in the Red' day of action

East Anglia region demands free education


Education

NUT leadership fails to call strike

Scotland: Victory for the Vale of Leven Four

The workload of a teacher


Socialist Party review

Prescott: the class system and me


 

Facebook   Twitter

Home   |   The Socialist 12 November 2008   |   Join the Socialist Party

Subscribe   |   Donate   |   Bookshop






Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Related links:

Police:

triangleGreat reception for Chicago 'Black Lives Matter' socialist

triangleSolidarity with Black Lives Matter

triangleManchester Socialist Party: Capitalism, racism and the police

trianglePolice racism still lethal in Britain

triangleFight racism: for jobs, homes and services for all

Banks:

triangleEurope and the workers' movement after Brexit

triangleHSBC jailbreak

trianglePublic asset sales will lose us money

triangleNationalise Tata Steel says Dave Nellist

Pay:

triangleThem & Us

trianglePent Valley school closure judicial review blocked

triangleThem & Us

Pension:

triangleOld v young is a phoney war - the enemy is the 1%

triangleBHS pensions insult

Reports and campaigns

Reports and campaigns

28/7/16

Hackney

Great reception for Chicago 'Black Lives Matter' socialist

27/7/16

Sheffield

Solidarity with Black Lives Matter

27/7/16

Unite

Policy conference backs reselection of Labour MPs

27/7/16

Kent

Pent Valley school closure judicial review blocked

27/7/16

EU

Why the Socialist Party opposed the EU

27/7/16

What we saw

What we saw: UB40 backs Corbyn

27/7/16

Them & Us

Them & Us

27/7/16

Tuition Fees

Tories plan further fee hikes for uni students

27/7/16

Sheffield

Sharrow success

27/7/16

The Socialist

An explosion in sales of the Socialist

27/7/16

Huntingdon

Huntingdon anti-racist rally

27/7/16

Union

Workplace news in brief

27/7/16

Trade unions

End Victorian working conditions

27/7/16

Derby

Reverse Derby council cuts

27/7/16

North West

Corbyn's 'rock-star welcome' in North West

triangleMore Reports and campaigns articles...

triangle28 Jul Great reception for Chicago 'Black Lives Matter' socialist

triangle27 Jul Solidarity with Black Lives Matter

triangle27 Jul Europe and the workers' movement after Brexit

triangle27 Jul Policy conference backs reselection of Labour MPs

triangle26 Jul No compromise with Labour right wing

triangle26 Jul 'Defend Corbyn' rally

triangle25 Jul Anger against Blairite 'traitors' sweeps Portsmouth Momentum

More ...

triangle1 Aug Leeds Socialist Party: Youth in revolt - how to build the fight back

triangle2 Aug Kingston Socialist Party: The international struggle for socialism

triangle2 Aug Chesterfield Socialist Party: Save our hospitals!

triangle2 Aug Manchester Socialist Party: What next for Corbyn and the labour movement?

More ...

Share on Facebook
Share on Twitter
Visit us on Youtube

Find us on Facebook

Archive

Categories

1-9 

1-9 


Archives:

July 2016

June 2016

May 2016

April 2016

March 2016

February 2016

January 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