Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/685/12764

From The Socialist newspaper, 14 September 2011

Fast news

Dark days

The combined effects of the capitalist recession, wage and benefit cuts, tax increases, job losses and other government austerity measures have hammered UK living standards.

In a recent report the Institute for Fiscal Studies (IFS) is predicting a 3.5% fall in typical household income in the year to April, the largest drop since 1981 - ie since the darkest days of the recession engineered by the then Tory Thatcher government.

The report says: "Previous IFS research has already shown that the decline in average living standards looks set to continue until at least 2013-14. Taken together, this would mean that the UK had experienced one of the worst decades for changes in living standards since at least the Second World War. The Great Recession thus looks set to cast a very long shadow."

Mervyn King, the governor of the Bank of England, admitted earlier in the year that the drop in living standards would be the worst in a generation.

The Trades Union Congress has published a study showing that working families will see their living standards fall by more than 4,600 by 2013 as below inflation wages, benefit cuts and public spending cuts turn the screw on households.


Journalists targeted

At the demonstration against the racists and hooligan English Defence League (EDL) in east London on 3 September, a number of journalists were targeted for attack by EDL members.

Journalists and photographers were threatened and harassed and some were physically assaulted. Shockingly, one photographer was sprayed with a flammable liquid and set on fire.

The National Union of Journalists is defending its members who were attacked and is campaigning against this attempt to prevent the exposure of the violent and racist nature of many of the EDL's members and followers.


Consumer depression

The largest shopping mall in Europe opened its doors to much fanfare this week. The Westfield Stratford City mall at the entrance to the 2012 Olympic site in east London boasts hundreds of shops, bars and restaurants. However, Richard Dodd of the British Retail Consortium was less than sanguine about its opening in the current economic climate: "Any retailer or developer would want to be able to choose a time to open, and we wouldn't choose the conditions we have now."

He added: "Consumer confidence is very weak. Our own figures for August showed that spending was only 1.5% higher than in August a year ago, but that is less than inflation and we've had a VAT rise. People bought less stuff this year than a year ago. And all the indicators are that people feel their own costs are rising."

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 14 September 2011:


Socialist Party features

We need a programme of action to fight back!

Austerity policies strangle growth


Socialist Party youth and students

Pampered politicians plan education massacre... STOP THEM!

Low pay and the housing crisis

Youth must join pensions struggle

EMA cuts: doors close on our future

Cuts hit young people hard in Hastings


Stop attacks on pensions

Hands off our pensions!

NHS pensions - Pay more, work longer and get less!


Socialist Party workplace news

Bombardier

Support Wyndeham workers

No to pay cuts in Carmarthenshire

Workplace news in brief


International socialist news and analysis

How can the national rights of Palestinians be achieved?


Socialist Party news and analysis

NSSN calls on TUC to open the floodgates of mass action

Nationalise the banking system!

Childcare costs push parents into hardship

Save our NHS

Fast news


Socialist Party review

Power and terror


Socialist Party reports and campaigns

Save Surrey libraries!

Bristol: Labour's short-lived valour

Hundreds march against Dale Farm evictions

May Day protest case goes to Strasbourg


 

Home   |   The Socialist 14 September 2011   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Journalists:

triangleNorthern Ireland: killing of Lyra McKee

triangleWorldwide threat to journalists at worst for ten years

triangleAberfan disaster novel reminds us Grenfell was not an anomaly

triangleJournalists' union leaders defeat call for political fund, but potential for left grows

triangleThe Socialist Inbox

Recession:

triangleWhat lies behind the US-China trade war?

triangleNew recession fear stalks the world economy

triangleBristol North Socialist Party: Is a recession coming?

triangleThe Socialist inbox

EDL:

triangleTommy Robinson BBC demo: socialist fightback needed to undermine far right

triangleStand up against abuse - justice not racism

triangleHuddersfield Socialist Party opposes racist EDL

Cuts:

triangleHome carers victory

triangleHaringey: Socialists' stance fully vindicated

Inflation:

triangleLabour looks to Bank of England to stall house prices

English Defence League:

triangleEDL outnumbered and confronted in Worcester

News and socialist analysis

News and socialist analysis

23/5/19

Labour

Warning lights flashing for Corbynism

22/5/19

Elections

Workers need a party of our own

22/5/19

Labour

Labour's nationalisation plan: What policies are needed to avert climate catastrophe?

22/5/19

Steel

British Steel threatened closure

15/5/19

Swindon

Honda bosses confirm closure: Unite must signal it will fight

15/5/19

Capitalism

Bosses fear revolt against capitalism

15/5/19

Environment

Profit system rapidly destroying environment

15/5/19

Them & Us

Them & Us

15/5/19

Crime

Knife crime tragedy linked to council cuts

15/5/19

Health

Workload-related mistakes by GPs on the rise - health unions need to fight back

15/5/19

Fat cats

Privatisers sue NHS - kick out the fat cats and fully nationalise our health service!

15/5/19

Super-rich

Take the wealth off the super-rich

8/5/19

EU

Unions must back a general election and oppose bosses' EU

8/5/19

Them & Us

Them & Us

8/5/19

Northern Ireland

Northern Ireland: Socialist wins council seat

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


May 2019

April 2019

March 2019

February 2019

January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999