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:

triangleStudents unite and fight - free education now!

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

triangleThem & Us

triangleBritish capitalism in crisis

triangleLecturers strike around country in defence of pensions

Young people:

triangleMobilise mass student fightback

triangleSchool students in solitary: for full funding, not exclusion!

triangle4m children in homes that can't afford fruit and veg

triangleSelf-harm soars among young: fight the mental health crisis

Wealth:

triangleSocialist nationalisation: what it is and why we need it

triangleTax Amazon movement wins in Seattle

triangleRichest worth 724bn... as 100,000 kids fall into poverty

Tories:

triangleTUC congress Brexit debate: unions must lead fight for a general election

triangleTories in chaos - general election now!

Super-rich:

triangleThem & Us

Rich:

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

Pensioners:

trianglePowerful picture of the Port Talbot steel workers' struggle

Tax:

triangleBig drugs companies dodge 3 billion pounds in tax

Socialist Party:

triangleLondon Socialist Party: Marxism for beginners ... and not such beginners

Zero-hour contracts:

triangleShop workers hungry for 10 an hour now and an end to zero-hour contracts

Workers:

triangleSouth Africa: new workers' formations herald fightback against Ramaphosa's capitalist agenda

Pay:

triangleUniversity pay ballot: vote yes for strike action!

Pension:

triangleSupport for Putin's regime dips over major attacks on state pensions

Parents:

triangleWorking families 50 a week short of paying for kids

The Socialist:

triangleJoin our Socialist sales drive for issue 1011

Rents:

triangleRents soar 60% faster than pay - while spivs plan luxury homes on Green Belt

Mortgages:

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

Women:

triangleMarch to save threatened Liverpool Women's Hospital

Relief:

triangleHurricane Harvey: A tragedy made far worse by capitalism

Tuition Fees:

triangleStudent leaders claim one million on the streets against Brexit - fight for a workers' exit

Welfare:

triangleUniversal credit causes £24m rent arrears

Wirral:

triangleWirral Socialist Party: The future of TUSC

Universal Credit:

triangleCorbyn and unions must act to bring down government in crisis

Minimum wage:

triangleCardiff Uber Eats couriers strike back against bosses

Cuts:

triangleSocialists and campaigners protest Leicester NHS cuts

Benefits:

triangleMinister's benefits lie: sack the Tories - and scrap universal credit

Claimants:

triangleUniversal Credit delivers claimant misery

Economy:

triangleCapitalism is a chaotic, irrational system - we need socialist change

Low pay:

triangle'Made in Dagenham' Ford machinists pay strike 50 years on

Fees:

triangleMobilise against rip-off executive pay

Government:

triangleReading council plans privatisation - set a no-cuts budget instead!

Media:

triangleWirral Socialist Party: Dirty media & bogus 'anti-Semitism'