Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/791/17840

From The Socialist newspaper, 4 December 2013

Them & Us

Robbery not recovery

When government ministers trumpet an economic recovery they must be referring to the amassed fortunes of the super-rich rather than the other 99%.

Even the Centre for Social Justice (CSJ) think tank, set up by welfare slashing Iain Duncan Smith, warned that his flagship policies of the bedroom tax and universal credit (which the CSJ proposed) could plunge people into more debt.

The CSJ also pointed out that 5,000 people are made homeless each year - unable to pay their rent or mortgage, while average household debt now stands at a staggering 54,000 - double that of a decade ago.

Deeper in debt

It's not just Nigella Lawson's former personal assistants who have been hammering the credit card; unsecured consumer debt has virtually tripled over the last 20 years to 160 billion - the equivalent of 94% of the UK's economic output. Only the Republic of Ireland has a higher ratio of personal debt to GDP within Europe.

Bored MPs

If you thought that fiddling expenses by establishment party MPs was down to good old fashioned greed, then think again. Commons' speaker John Bercow reckons that MPs fiddled their expenses as a "displacement activity" because Parliament had become irrelevant and ineffective ie because MPs are bored!

Only the uncaring would suggest that said MPs become permanently displaced!

Payday misery

Needless to say it's the poorest that are bearing the brunt of the government's austerity measures. Essential household bills have rocketed by 27% since 2007, with one in six payday loans now being used to cover them. This has generated an annual 4.8 billion market for rip-off payday lenders.

Going hungry

An estimated 500,000 plus households have been forced to rely on food banks to survive. Charities estimate that one in five of the population have gone hungry this year because they can't afford to buy a meal.

Worst pension

The UK's state pension is one of the worst in the developed world according to the Organisation for Economic Cooperation and Development (OECD). Out of the 34 countries in the OECD bloc, only Mexico's state pension fares worse than the UK's.

Here, a worker on average pay can expect a pension worth only 32.6% of final pay when they retire, compared to an OECD average of 54.4%. "With the legislated increases in retirement age to 67 for both men and women, expenditure is only expected to increase by 0.5% over the next 40 years to 8.2% of GDP, well below the OECD average of 11.7%", according to the OECD.

Council tax liabilities

Since 1 April 2013, along with the Con-Dems' hated 'bedroom tax', many low income households have been hit hard by the government's council tax benefit cuts. Previously, low income households could obtain full council tax benefit but after the government cut funding by 10% many local authorities, often Labour controlled, have simply imposed this reduction on its poorest residents.

According to a report by False Economy, who surveyed 200 councils, more than 25 people a day, unable to pay council tax bills, were issued with court liability orders between April and September - a 30% increase. Hundreds of thousands of people have been fined and are now threatened with bailiffs as a result.

What we read

American dream?

"The top 1% of incomes are close to full recovery (after the financial crisis) while the bottom 99% have hardly started to recover", says Emmanuel Saez of the University of California, Berkeley.

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


In The Socialist 4 December 2013:


Socialist Party news and analysis

Corporate Killers!

Boris - it's the system, stupid

SNP's white paper will not deliver decisive change

We need mass house building

Build action to save our NHS!

Them & Us


International socialist news and analysis

The fight against low pay in the United States


Socialist Party reports and campaigns

Kent: Unions and parents unite against all the cuts

Fracking comes North...

Council uses court against Bedroom Tax victims

Support the fightback in Con-Dems' Dickensian Britain


Trade Unionist and Socialist Coalition

London TUSC groups plan for 2014 elections


Socialist Party workplace news

Save our fire service!

Npower job cuts must be fought!

Universities: second coordinated strike over pay

London University: strike by support staff

Support striking St Mungos workers

Civil service union calls for an end to violence in Jobcentres

Workplace news in brief


Socialist Party comments and reviews

Is workfare coming to Morrisons?

Film review: Catching Fire

Why I believe in socialism


 

Home   |   The Socialist 4 December 2013   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Tax:

triangleWhat strategy can end the retail jobs massacre?

triangleBuild a working-class movement to force an election

triangleTake the wealth off the super-rich

triangleThe significance of the anti-poll tax movement

triangleCuts drive council tax debt

Council:

triangleNorth London Socialist Party: How can Corbyn's policies be implemented?

triangleBarking: protest brings pledge to remove dangerous decking

triangleCardiff East Socialist Party: The solution to the housing crisis

triangleDouble-dealing Hackney council bosses face renewed strike action

Debt:

triangleMass movement topples governor of Puerto Rico

triangleTheresa May admits tuition fees system is broken - but plans new attacks on students

triangleWhat lies behind the US-China trade war?

MPs:

triangleTony Blair launches manifesto to sabotage a Corbyn government

triangleThe Socialist Inbox

Pay:

triangle'McStrikers' demand 15 an hour

Bedroom tax:

triangleTory on homeless: "tear down these tents"

Cuts:

triangleBradford libraries and museums: Unite members escalate action against cuts

News and socialist analysis

News and socialist analysis

13/11/19

Education

Save education - Kick out the Tories

13/11/19

Green Party

Green Party offers no alternative for young people and climate change chaos

13/11/19

General election

Strike, Protest, Vote - to Kick the Tories out

13/11/19

CWU

High Court injunction: solidarity to the CWU - support the posties!

13/11/19

NHS

NHS in critical condition

13/11/19

Labour Party

Labour MP targeted by right wing stands as independent

13/11/19

General election

Attacks show elite fear a Corbyn election win

6/11/19

Election

Tories out! Corbyn in with anti-austerity and socialist policies

6/11/19

Grenfell Tower

Grenfell fire inquiry spin deflects blame from establishment

6/11/19

General election

General election 2019 round-up

6/11/19

Tony Blair

Tony Blair launches manifesto to sabotage a Corbyn government

30/10/19

Black history

Black Liberation... Only possible through socialist struggle

30/10/19

General election

Tories out now! Bin Boris

30/10/19

Migration

39 migrants found dead in Essex lorry container

30/10/19

Argos

Argos Christmas bonus cut

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 07954 376 096

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


November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

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