The Socialist 4 August 2010

Con-Dem cuts mean: we need ‘biggest movement since poll tax’

We need 'biggest movement since poll tax'

'Radical' cuts require serious action

Waltham Forest's Labour council faces opposition

Coventry campaigners fight cuts of £140 million

Swansea trades council leads battle for services

Campaigners answer Bristol's 'Big Conversation'

Cuts news: Mental health services facing the axe

NSSN pledged to fight cuts

Troops out now!

Afghanistan: US strategy in disarray

Oppose divisive academies policy

Talks resume at British Airways

Angry workers strike over pay freeze and bosses' bonuses

Fighting fire service cuts

Witch-hunted Unison activist wins tribunal

Unite general secretary election

We won't be a lost generation, fight for jobs and education!

No to privatisation of our universities

For real jobs, not slave labour

Profiting from wrecking the environment

Stop the Cardiff incinerator

Save Wanstead Flats

Daily Mail admits guilt over smearing Tamil hunger striker

Campaigning at Leeds Pride

Book now for the summer camp!

Socialism 2010 - a weekend of discussion and debate

Love Parade catastrophe was entirely preventable

Garment workers demand a living wage

Asda profiting from low pay

Tories put profits before patients

Rich just carry on getting richer

Fast news

The howlers' world and ours

How the banks rip us off

Previous issues, etc

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Rich just carry on getting richer

MAJOR SHAREHOLDERS in HSBC will look forward to big dividends as Britain's biggest bank saw its profits almost double to £7.2 billion over the six months up to June.

Meanwhile small businesses, hopeful home owners and workers say that the banks, despite huge government bailouts, will still not lend any money. Other banks display their wealth later in the week.

Corus the steelmakers sacked thousands of workers in Teesside and other areas of Europe, this year. Redundant workers' anger was magnified when Corus' chief executive Kirby Adams was revealed as probably the multinational owner Tata's highest paid executive, getting a £2 million package last year. His pay-off, expected next year, is likely to be at least as lavish.

Back in 2004 Network Rail and privatised firm Jarvis (which is now in administration), accepted responsibility for the 2002 rail crash at Potters Bar which killed six people. Recently the Potters Bar inquest found there had been a "catalogue of inadequacies" with shoddy maintenance and inspection. This typified the profit-seeking privatised rail system. Yet Network Rail had announced in June that six top directors would get annual and management incentive bonuses totalling over £2.25 billion.