Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/612/8851

From The Socialist newspaper, 17 February 2010

Fast news

It's all for the best

THE NUMBER of housing repossessions for 2009 was the highest since 1995. Some 46,000 homes were repossessed last year, an increase of 6,000 on the total for 2008. In addition, 188,300 homeowners were in serious mortgage arrears.

With people in this recession losing the roof over their head or getting into major financial difficulties paying off their mortgage, Labour housing minister John Healey told Radio 5 Live: "It is impossible for the government to help everyone, it is impossible for everyone to avoid the risk of repossession. It may be, in the end, for some, the only option."

True, the government hasn't helped everyone during the downturn - mainly rich bankers with billions of pounds in bailouts!

And as an MP Healey also helped himself by claiming mortgage interest of 690 a month on his second home in Lambeth, south London.

The flat was sold for 198,000 last year, making Healey a huge 88,000 profit.

He also claimed 1,317 to replace a door. It is unconfirmed that the door was kicked in by irate homeless constituents.

Barclays bonus shame

HAVE THESE people no shame? Despite the government spending billions of pounds from public funds - our money - on bailouts and other costly financial guarantees in order to stabilise the failed banking system, yet another group of rich bankers have awarded themselves a huge bonus pot.

This time it's Barclays bank who announced profits of 11.6 billion for 2009 with 2.7 billion to be paid out in bonuses (nearly 200,000 for each investment banker).

Barclays' justification for paying out bonuses is that the bank didn't accept a direct government bailout. However, according to BBC economist Robert Peston, the bank indirectly benefitted "from a windfall generated by the emergency rescue of the global economy undertaken by governments and central banks, an emergency rescue that was needed in large part because of the havoc wreaked by the excessive risk-taking of banks".

Egypt textile strike

800 textile workers at the Tanta Linen, Flax and Oil company in Egypt recently began an indefinite strike sparked by the sacking of the plant's union president.

Around 400 of the workers later demonstrated outside the Egyptian cabinet office in Cairo and were attacked by the police.

The company was sold off by the Mubarak government four years ago and since then the pay and conditions of the workers there have worsened. Their demands include the reinstatement of the union official, the renationalisation of the company, rehiring workers fired during previous disputes and the handing over of unpaid wages.

This dispute takes place against a background of growing workers' struggle in the country.

Trade unionists and socialists internationally should be campaigning in solidarity with Egyptian workers for basic rights including trade union rights.

Paul Callanan

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


In The Socialist 17 February 2010:

Fight council cuts!


Socialist Party campaigns

Nominate Roger Bannister: Council workers need a fighting union

Notts Tories attack the vulnerable


Trade Unionist and Socialist Coalition

TUSC to fight cuts in Spelthorne

New TUSC sponsors


Socialist Party news and analysis

New health inequality report reveals widening class divide

Ministers and MI5 colluded in the cover-up of torture

BNP's phoney changes

Fast news


Workplace analysis

The construction industry blacklist: Paltry punishment for attacks on workers

Oppose university cuts - defend jobs


Socialist Students

Sussex student union elections: Support for socialist campaigners

Student places crisis


Youth fight for jobs

Youth Fight for Jobs: Leeds march for jobs and education


Socialist Party feature

Wales: New challenges for socialists

Celebrate May Day this year with The Socialist


International socialist news and analysis

Greece: Massive public sector workers' strike against savage austerity plans

Capitalist crisis threatens the eurozone project

Winter Olympics: Shortage of snow but no shortage of debts?

Protests as Canada's Tories suspend parliament


 

Home   |   The Socialist 17 February 2010   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Bankers:

triangleTories torn - bin them now

triangleDefuse the consumer debt time bomb: nationalise the banks!

triangleBarclays finally charged for having hands in till

triangleCampaign launch: "rip-off bosses and greedy bankers - enough is enough!"

triangleTop banks post 67% of profits in tax havens - nationalise the banks!

Egypt:

triangleTrump's incendiary Jerusalem statement reignites Israeli-Palestinian conflict

triangleAttacks ratchet-up Syrian conflict and fuel tensions between powers

triangleSyria: Is an end to the war in sight?

Bonuses:

triangleCity bosses' 40m bonuses as Number of food banks hits 2,000

triangleStop the 54,000 yearly maternity sackings

Banks:

triangleRBS to sack 1,000: nationalise the banks

triangleAmber warning lights flash on British economy

Reports and campaigns

Reports and campaigns

14/12/17

Waltham Forest

Stop the rotten redevelopment plan, demand residents

13/12/17

London

Six months on - still no justice for Grenfell

13/12/17

Fracking

Movement growing against fracking giant Ineos

13/12/17

Devon

Totnes MP uses coffin controversy to distract from brutal NHS cuts

13/12/17

Miners

Tory plan to hold dinner at coal mining museum defeated

13/12/17

Bradford

Bradford campaign to save children's services launched

13/12/17

South London

South London health bosses' cover-up

13/12/17

Blacklisting

Unite day of action against blacklisting

13/12/17

Brighton

Brighton victory

13/12/17

Newham

Newham anti-academies strikes

13/12/17

Tamil Solidarity

Tamil Solidarity and Refugee Rights activists meeting

12/12/17

Woolwich

Support the Crossrail Woolwich walkout

7/12/17

Blacklisting

Unite protest against blacklisting

7/12/17

RMT

Anti-DOO lobby of Liverpool's transport committee

6/12/17

Donald Trump

Mobilise to stop bigoted billionaire Donald Trump's state visit to Britain

triangleMore Reports and campaigns articles...


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

triangle14 Dec Stop the rotten redevelopment plan, demand residents

triangle13 Dec Six months on - still no justice for Grenfell

triangle13 Dec Movement growing against fracking giant Ineos

triangle13 Dec Totnes MP uses coffin controversy to distract from brutal NHS cuts

triangle13 Dec Trump's incendiary Jerusalem statement reignites Israeli-Palestinian...

triangle13 Dec Labour 'purge' furore really just democracy

EU parliament, Strasbourg

triangle13 Dec Brexit deal no solution to Tory rifts

More ...

triangle18 Dec Leeds Socialist Party: Religion and Socialism

triangle19 Dec Bristol North Socialist Party: Christmas social

triangle21 Dec Wakefield Socialist Party: Socialists and the National Question

triangle6 Jan Socialist Party national women's meeting

More ...

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

Archive

Archives:

December 2017

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