The Socialist

The Socialist 18 October 2017

Tories torn - bin them now

The Socialist issue 967

Tories torn - bin them now


Schools "can't go any further" - stop the cuts: set deficit budgets now

Young people being strangled by debts

Tories scrap the NHS pay cap: now fight for real-terms pay rises!

Obesity epidemic: end food market anarchy

What we saw


Royal Mail bosses block strike - back postal workers

PCS ballots members on the pay cap

Nationalise to save jobs at BAE Systems

Striking back against sackers' charter at Leeds Uni

North London hospital workers fight cuts and job losses

Unite local government sector plans strike ballot

Salford Unison condemns pay cuts


Russia, October 1917: When workers took power

October 1917 reviews: 'More bright than any heaven'

October 1917 centenary pull-out and poster


No cuts - hands off King George A&E!

Can you donate to the Socialism 2017 appeal?

Uprising to save the NHS!

Hundreds turn out for rally aimed at removing west Wales Tory MP

Sheffield Labour council threatens peaceful protesters with prison

Socialist Students 'welcome' Hillary Clinton to Swansea


Campaign against political repression in Hong Kong


Powerful picture of the Port Talbot steel workers' struggle

Conference on state spies: who's watching who?

'Dazzling' Bad Art show points to socialist future

 
 
 
 
 

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Young people being strangled by debts

Young people are struggling because of low pay and high rent, not avocado toast, photo TaxRebate.org.uk (Creative Commons)

Young people are struggling because of low pay and high rent, not avocado toast, photo TaxRebate.org.uk (Creative Commons)   (Click to enlarge)

Take the wealth off the super-rich

No to the Tories' scapegoating of pensioners!

Jack Yarlett, Wirral Socialist Party

Over a third of young people are in debt - on average by 2,989 - says the Money Advice Trust.

And this figure does not even include mortgages or our astronomical tuition fees! It also does not include young people borrowing money from our parents.

The head of the Financial Conduct Authority, Andrew Bailey, has admitted concerns about the alarming levels of debt young people aged 18 to 25 are facing.

And fearing more backlash from young people, Tory chancellor Philip Hammond is reportedly considering a tax cut for under-30s - funded by cuts to pension tax relief.

Over half of 18 to 24-year-olds express worries about money and debt, and more than a fifth admit to losing sleep over it, according to the Money Advice Trust study. One in ten has resorted to taking money from predatory payday loan companies - particularly young parents, the Young Women's Trust has found.

To add insult to injury, much of the establishment media likes to stereotype young people as causing our own problems by frivolously borrowing to pay for smartphones, 'useless' degrees and avocado toast. Nothing could be further from the truth.

Young people are going into debt to cover our cost of living, not spending on luxuries. This is no surprise in the new economy of low pay, zero-hour contracts and soaring rents.

This is a problem that will only grow worse as the government imposes the hated 'Universal Credit' welfare scheme, notorious for sometimes leaving claimants for more than a month without any income.

Meanwhile, Hammond's tax plan, like May's meagre 5,000-a-year housebuilding plan, does not come even close to what is needed.

And in unfairly attacking pensioners, it could well backfire - just like the Tories' infamous 'dementia tax' proposal. It's not retired workers, but super-rich bosses, who are to blame.

The Socialist Party demands:

  • 10 an hour minimum wage now, with no exemptions
  • Scrap zero-hour contracts - full-time hours for all who want them; flexibility on workers' terms, not the bosses'
  • Living benefits without compulsion
  • No attacks on pensioners - for a living pension for all

In this issue


What we think

Tories torn - bin them now


Socialist Party news and analysis

Schools "can't go any further" - stop the cuts: set deficit budgets now

Young people being strangled by debts

Tories scrap the NHS pay cap: now fight for real-terms pay rises!

Obesity epidemic: end food market anarchy

What we saw


Socialist Party workplace news

Royal Mail bosses block strike - back postal workers

PCS ballots members on the pay cap

Nationalise to save jobs at BAE Systems

Striking back against sackers' charter at Leeds Uni

North London hospital workers fight cuts and job losses

Unite local government sector plans strike ballot

Salford Unison condemns pay cuts


October revolution 1917

Russia, October 1917: When workers took power

October 1917 reviews: 'More bright than any heaven'

October 1917 centenary pull-out and poster


Socialist Party reports and campaigns

No cuts - hands off King George A&E!

Can you donate to the Socialism 2017 appeal?

Uprising to save the NHS!

Hundreds turn out for rally aimed at removing west Wales Tory MP

Sheffield Labour council threatens peaceful protesters with prison

Socialist Students 'welcome' Hillary Clinton to Swansea


International socialist news and analysis

Campaign against political repression in Hong Kong


Socialist Party comments and reviews

Powerful picture of the Port Talbot steel workers' struggle

Conference on state spies: who's watching who?

'Dazzling' Bad Art show points to socialist future


 

Home   |   The Socialist 18 October 2017   |   Join the Socialist Party

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Related links:

Debt:

triangleUniversal credit = universal misery

triangleThem & Us

triangleStudents unite and fight - free education now!

triangle10 years since the financial crash - the socialist answer to capitalist crisis

triangleThem & Us

Young people:

triangleStand up against abuse - justice not racism

triangleIs this generation socialist?

triangleFreshers fairs: socialist ideas chime with students

triangleMobilise mass student fightback

Wealth:

triangleWest London Socialist Party: Seattle council's struggle against big business on wealth tax

triangleSuper-rich flee to Monaco to evade Corbyn

triangleSocialist nationalisation: what it is and why we need it

Tories:

triangleGive us a bumper Christmas cash boost!

triangleJobs and homes not racism - kick the Tories out!

Super-rich:

triangleTories out - we need socialism!

Rich:

triangleBosses' pay up a fifth while workers' pay falls ...

Pensioners:

trianglePowerful picture of the Port Talbot steel workers' struggle

Socialist Party:

triangleThe Socialist quiz of 2018

Zero-hour contracts:

triangleSave the high street: public ownership, not ghost malls

Workers:

triangleJohn Maclean - revolutionary fighter of the working class

Pay:

triangleWorkplace news in brief

Pension:

triangleCuts and NHS crisis result in 'excess' elderly deaths

Parents:

triangleGrimethorpe dinner ladies stage all-out strike against redundancy

The Socialist:

triangleFor a socialist alternative to the EU - mobilise to kick out the Tories!

Rents:

triangleHousing arrears double, suicide risk soars - scrap Universal Credit!

Mortgages:

triangleHousing crisis: Corbyn's positive measures blanked by Labour's right

Women:

triangleWomen's Lives Matter national meeting - a determination to fight cuts to domestic violence services

Relief:

triangleIndonesia tsunami - a disaster compounded by capitalism

Tuition Fees:

triangleSocialist Students LJMU victory

Welfare:

triangleUniversal Credit Christmas misery

Wirral:

triangleStrike action saves jobs at Cammell Laird shipyard

Universal Credit:

triangleScrap the Tories' Universal Credit now!

Minimum wage:

triangleEnd "poverty, ill health and despair":a benefits adviser speaks out against the cuts

Cuts:

triangleCorbyn supporter wins Welsh Labour leadership

Benefits:

triangleNat West's benefit-claimant eviction policy

Claimants:

triangleUniversal credit causes 24m rent arrears

Low pay:

triangleCollege lecturers in Wales strike against low pay and workload

Fees:

triangleNational Union of Students faces bankruptcy

Government:

triangleUCU Wales suspends FE strike action

Media:

triangleWorldwide threat to journalists at worst for ten years