The Socialist 7 April 2009 Visteon car workers fight for their rights Visteon car workers fight for their rights Reports from Visteon plants in Belfast, Enfield and Basildon National Union of Teachers Conference: Call national action on workload Youth march for jobs: This is only the beginning! No solution at London G20 summit G20 Summit protests: Democratic rights trampled on The battle to defeat the Poll Tax EU presses for cuts in public spending Stop the slaughter of Tamils in Sri Lanka Arundhati Roy indicts the Sri Lankan Rajapakse regime Egyptian regime: 'Scared that independent unions will succeed; scared a revolution will happen' Solidarity with Kazakhstan oil workers Stockport cab drivers fight deregulation No cuts to further education in Wales! Campaign forces suspension of Wirral library closures |
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Home | The Socialist 7 April 2009 | Join the Socialist Party EU presses for cuts in public spendingLAST WEEK'S summit of European Union (EU) finance ministers gave the British government six months to come up with plans to cut public spending. Meeting in Prague, the EU finance committee warned the UK to cut its budget deficit to the EU 'Stability and Growth Pact' limit of 3% of gross domestic product (GDP) within four years. In a press statement issued by the No2EU-Yes to Democracy electoral alliance, Socialist Party councillor Dave Nellist argued that, with a government deficit of £78 billion last year equivalent to 5.4% of GDP, meeting the EU target would mean cutting £35 billion of public spending in one year. "Local authorities are already conducting a 'doomsday study' of the potential impact on local council budgets of up to 30% funding cuts and it paints an horrific picture for local services", he said. "Local councils would no longer be able to provide even the current standard of services, particularly in fields such as social care". The No2EU-Yes to Democracy convener Bob Crow, the general secretary of the RMT transport workers' union, also condemned the EU decision. The EU's public spending criteria has enforced the privatisation of capital projects to keep them off the government's books, by means of private finance initiatives (PFI) and the disastrous PPP on London Underground, which increased the costs of public services and subsidised corporate profits. "It is clear that EU leaders want ordinary working people to pay for the recession, by cutting essential public services, instead of the banks and finance companies that contributed so much to the economic crisis in the first place", he said. "That's why a vote for No2EU-Yes to Democracy against the EU's privatisation agenda is so essential on 4 June". In this issue
Youth fight for jobs
Socialist Party editorial
Socialist Party feature
Socialist Party campaigns
International socialist news
Socialist Party workplace news
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