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From The Socialist newspaper, 29 September 2010

Housing bosses' pay goes through the roof

THE AVERAGE pay for a housing association chief executive is now 153,353. Some of them get much more; the Anchor Trust boss gets 290,000, for example. They also get big employers' pension contributions. The Places for People boss gets 263,663 plus 68,552 employers' pension contribution (Inside Housing 24/09/2010). No 'pensions affordability crisis' for them it seems!

Recently, housing minister Grant Shapps attacked their pay as "immoral". Apparently he is shocked that 52 housing association bosses are paid more than the prime minister who gets 142,353.

Of course the PM gets lots of perks and all of this millionaires' cabinet are rich enough to see their parliamentary and ministerial pay as merely icing on the cake.

It is also true that senior bankers or bosses of building firms are paid many times the pay of an association boss. For social housing tenants though - about half of whom are now housed by housing associations - these figures will seem truly obscene.

Housing associations, which have received huge amounts of public money in housing grants over the years should be taken into public ownership and put under the democratic control of workers, tenants and local communities.

Paul Kershaw

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In The Socialist 29 September 2010:


Anti-cuts campaign

We need action against the cuts... and a socialist political alternative

Fight the cuts! - demonstrate on 23 October

Stop wholesale sell-off in Suffolk

Suffolk Unison member speaks

Councils must defy cuts

Children's homes: Bosses' 'Tribalism' defeated

Fighting to save our services

Service users defend Ealing health centres

Anti-cuts demonstrations planned so far


Socialist Party editorial

No 'lurch to the left' for Labour


Socialist Party news and analysis

Stop the NHS sell-off

Death at Kington Court community care centre shows "regime of neglect"

UN fails to meet development goals

Housing bosses' pay goes through the roof

Unison elections: Socialists stand for a fighting and democratic trade union


Socialist Students

Students: Why we must all protest!

Socialist Students: showing an alternative to cuts and fees

Defend students' democratic rights


Socialist Party feature

Britain on the brink


Socialist Party workplace news

What's the point of the unions?

South Wales: Fight for car workers' jobs

Ballot victory against social enterprise

Bosses try to rewrite history

Workplace news in brief


International socialist news and analysis

Right-wing government re-elected in Sweden

Is Ireland's economy going bust?


Socialist Party feature

Global AIDS crisis: Profits punish poor


 

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