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From The Socialist newspaper, 13 June 2012

Them & Us


Top pay still on the rise

Yet another survey has shown that executive pay continues to soar. In 25% of FTSE 100 companies, executive pay has gone up by more than 41% in the last year. The highest paid chief executive is Barclay's Bob Diamond who got 20.9 million last year.

Despite this, business secretary Vince Cable thinks this is a good time to be watering down measures to limit pay. He has decided to scrap plans to force an annual binding vote on chief executive's pay because it would add too much 'bureaucracy'.


Every little helps

Apparently one sector is currently experiencing a surge of business - luxury concierge services. These concierges have to do... whatever they're told. They open doors, they greet friends, they book high-end restaurants, they 'make things happen'.

One company arranged a 250,000 shopping spree including closing a series of designer stores for more privacy for their client. Another regular request is to make clients' wives burst into tears of happiness. The cost? A 5,000 a month retainer plus all other associated costs.


Changing high streets

The number of pawnbrokers, pay day loan lenders and betting shops on our high streets has increased by 25% since 2008. The number of vacant shops has trebled in the same period.

The pawnbroking industry is now worth 500 million a year. Strapped-for-cash people are using jewellery and designer handbags as collateral for loans.

And it seems people of a variety of backgrounds are turning towards this trend - there are now a series of companies aiming at people who are "asset rich but cash poor" allowing them to raise between 1,000 and 1 million using antiques, fine art, luxury wine and even yachts as security. Is this what Osborne means by 'all in this together'?

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In The Socialist 13 June 2012:


Socialist Party news and analysis

No to austerity! - Turn anger into action

NSSN conference agrees call for one-day general strike against austerity

Leveson: contradictions and a crisis of credibility

No to local government pensions deal

The class divide in elderly care

Fast news

Them & Us


Socialist Party youth and students

Youth Fight for Jobs national meeting

My workfare nightmare

From pillar to post: reassessment for ESA

Super-rich Beecroft targets workers' rights


International socialist news and analysis

Spain: bank bailout can't stop Euro death-spiral

Wisconsin Recall: Democrats paved the way for Walker's victory

Kazakhstan: Oil workers jailed by rotten regime

International day of support for political prisoners in Iran

Threat from far-right in Greece: Time to build defence committees


Socialist Party reports and campaigns

Tamil protest scores victory as Rajapaksa cancels speaking engagement

Bolton Uni: Reinstate Shana Begum!

Greece comes to Southampton

Olympic's sponsor exploits workers

West Lancs Against Cuts


Socialist Party workplace news

Sheffield recycling centre strikers supported by 90% of public

Council admin workers in Kirklees strike against cuts

Olympics - a fair deal for transport workers

Coryton refinery closure protests

Striking against academies

Workplace news in brief


 

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