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:

triangleHillsborough verdict - a magnificent testimony to courage and fortitude

triangleHillsborough inquest victory: cops unlawfully killed 96

triangleHillsborough verdict - a magnificent testimony to fortitude

triangleCops bid to hide spy trial

triangleSwansea: Fascist thugs made to look pathetic

Banks:

triangleNationalise Tata Steel says Dave Nellist

triangleFighting the great tax robbery: taxes and regulation or socialist nationalisation?

triangleJoyless recovery

triangleSocialist Party national congress 2016

Pay:

triangleWorkplace news in brief

triangleWorkplace news in brief

Pension:

triangleNationalise BHS to save 11,000 jobs

triangleStop divisive attacks on pensioners' cash

Reports and campaigns

Reports and campaigns

28/4/16

National Museum of Wales

Museum strike solid

28/4/16

Bristol

Library assistants strike against unviable shift patterns

28/4/16

Socialist Party

Baroness Neuberger slanders Militant on anti-Semitism

27/4/16

EU

Maybe Obama had a deal 'on the T-Tip of his tongue' ..

27/4/16

Butterfields

Butterfields: campaign to stay getting results

27/4/16

Museums

Workplace news in brief

27/4/16

Housing

Housing: Catalyst needs converting

27/4/16

London

Doctors and teachers lead bouyant London march

27/4/16

Hillsborough

Hillsborough verdict - a magnificent testimony to fortitude

26/4/16

Doctors

Junior doctors withdraw all labour to step up pressure

25/4/16

EU

Trade unions: myths of EU 'Remain' campaign

25/4/16

EU

Sky News interviewed Dave Nellist on Labour's EU position

25/4/16

Trade unions

Trade Union Bill concessions made - now fight to scrap the lot!

20/4/16

Waltham Forest

Butterfields campaign getting results

20/4/16

Usdaw

Stop supermarket bosses making us pay for their mistakes

triangleMore Reports and campaigns articles...

Jeremy Corbyn addressing a demonstration in support of the junior doctors and teachers

triangle29 Apr Livingstone suspension: 'Slow coup' against Corbyn.

triangle29 Apr Hillsborough verdict - a magnificent testimony to courage and...

triangle28 Apr Museum strike solid

triangle28 Apr Library assistants strike against unviable shift patterns

triangle27 Apr An anti-austerity alternative on the ballot paper

triangle27 Apr Defeats and U-turns show Tories are weak

triangle27 Apr The Socialist - May Day greetings 2016

More ...

triangle3 May Birmingham TUSC election meeting

triangle3 May Sheffield TUSC election rally: 90th anniversary of Britain's general strike

triangle3 May Merseyside TUSC election rally

triangle4 May Salford TUSC election rally

More ...

Share on Facebook
Share on Twitter
Visit us on Youtube

Find us on Facebook

Archive

Categories

1-9 

1-9 


Archives:

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