Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

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


 

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

Subscribe   |   Donate  




Related links:

Police:

triangleSolidarity with Catalonia in the Spanish state

triangleInterview: the "socialist John Le Carré"

triangleRate of black imprisonment worse than US

triangleLewisham 1977: When socialists and workers defeated the far-right National Front

triangleMutinies and strikes: when Bolshevism threatened British bosses

Banks:

triangleDefuse the consumer debt time bomb: nationalise the banks!

triangleGlobal finance: Are those storm clouds ahead?

triangleRight wing attempts to use single market against Corbyn

Pay:

triangleStrike to save our NHS!

triangleCWU strike ballot - why I'm voting Yes

triangleDeal concludes Barts health strike - "We have raised our heads high"

Pension:

triangleBosses' pensions robbery

triangleBT attack on pension benefits

Reports and campaigns

Reports and campaigns

20/9/17

Nottingham

Interest at Nottingham Green festival

20/9/17

East London

East London summit fails to address housing crisis

20/9/17

Mansfield

Tragic death highlights Chatsworth ward closure risk

20/9/17

Socialist Party

Fight for an alternative to the misery of capitalism

20/9/17

Haringey

Protest to pressure Labour to scrap Haringey redevelopment plans

20/9/17

London

London Buses safety campaign

20/9/17

Woolwich

McStrike solidarity event

20/9/17

Leeds

Fight university's 'sackers' charter'

20/9/17

Royal Mail

CWU strike ballot - why I'm voting Yes

20/9/17

Drivers

London bus drivers' rally

19/9/17

East London

Deal concludes Barts health strike - "We have raised our heads high"

19/9/17

Birmingham

Bin workers vote to continue action following rally

13/9/17

Bristol

Thousands march - mayor needs real anti-cuts strategy

13/9/17

Russian revolution

Trotsky's "insightful and frank examination" of revolution out soon

13/9/17

Mansfield

Boost to Chatsworth NHS campaign

triangleMore Reports and campaigns articles...


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

triangle20 Sep Labour conference: Corbyn's support must be used to defeat Blairites

triangle20 Sep Fight tuition fees

triangle20 Sep Brutal repression of Rohingya people sparks massive humanitarian...

triangle20 Sep Why do young people need socialism?

triangle20 Sep CWU strike ballot - why I'm voting Yes

triangle20 Sep Grenfell inquiry begins: not sufficient, not trusted

triangle19 Sep Deal concludes Barts health strike - 'We have raised our heads high'

More ...

triangle20 Sep Salford Socialist Party: The 1871 Paris Commune

triangle20 Sep Cardiff West Socialist Party: The legacy of slavery

triangle20 Sep Caerphilly and RCT Socialist Party: How can Corbyn win?

triangle21 Sep East London Socialist Party: Free education, fighting for our future

More ...

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

Archive

Archives:

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