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From The Socialist newspaper, 15 January 2014

Them & Us

City bonuses

While millions of workers face another year of pay freezes City fat cats continue to fill their boots with billions of pounds in bonuses.

Finance chiefs in the Square Mile will scoop 10 billion out of a total bonus pay-out of 19 billion.

One high flyer who's quids in is the former head of investment banking at HSBC, Michael Spencer, who added an 8 million bonus to his mega-salary.

Mind you, he does have to meet the costs of staffing his West London home with a butler, maids and a gardener.

Academies, it's personal

Media reports have identified groups running publicly funded academy schools as having paid millions to private companies with personal connections to their directors and trustees.

Academies - introduced by Labour - are a major plank of the Con-Dems' education policy. Outspoken education minister Michael Gove has remained uncharacteristically tight-lipped over this latest damning revelation.

Academies are outside local authority control and receive increased funding at the expense of the remaining local authority schools.

They don't have to follow the national curriculum nor teachers' national pay and working conditions agreements.

House wreckers

Last month Tory-run Hammersmith and Fulham council in west London sent out 'Christmas cards' to 17,000 of its tenants with the insulting message: "Don't overindulge this Christmas. Pay your rent!"

This latter day Scrooge, unlike Charles Dickens' character, has not seen the error of its ways but instead continues to attack its increasingly hard-up working class residents.

The council's latest reactionary scheme is the sale of 209 much-needed council houses and then using the cash receipts to enable a property developer to demolish more council houses and replace them with private properties unaffordable for most people. House prices in the borough have more than doubled in the last decade.

The council's action, disingenuously termed 'regeneration', is simply part of the Tories' vile anti-working class agenda.

Booze lobby

After kowtowing to the tobacco industry by scrapping plain packaging for cigarettes, the government has now ditched its alcohol minimum pricing policy after numerous 'consultations' with industry lobbyists.

According to the British Medical Journal, government ministers and officials frequently met representatives from large drinks firms and leading supermarkets - even after the formal consultation on minimum pricing had closed.

Last year even a Tory MP, Sarah Wollaston, said the extent of this lobbying was "pervasive and disturbing".

However, the Tories 'anti-lobbying bill' while subjecting trade unions to more state interference, to the benefit of employers, creates enough loopholes to effectively exclude an estimated 80% of corporate parliamentary lobbying activity.

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In The Socialist 15 January 2014:


Socialist Party news and analysis

Evict the Con-Dems!

Huge anger at inquest verdict on killing of Mark Duggan

Pensioners are not economic 'joy riders'

Gove wages war on history teachers

Them & Us


International socialist news and analysis

Ariel Sharon: a brutal architect of monstrous crimes

Seattle: '15 Now' minimum wage campaign launched


Socialist Party workplace news

RMT v Johnson: Union prepares to defend London Underground

Teachers need a strategy to win

The underbelly of prison privatisation

Unison: National anti-cuts battle needed

Support Glasgow care workers fighting attacks

Workplace news in brief


Socialist Party youth and students

Organising fast food workers

Pupils chase hated Gove around their school

More attacks on further education funding

University bosses' snouts in the trough


Socialist Party reports and campaigns

Exploratory drillers told to "Frack Off"

"I'll be voting for the trade unionists"

Building the Socialist Party

Obituary: Jimmy Parry, Liverpool 47 socialist councillor


Socialist Party review

Film review: 12 Years a Slave


 

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Related links:

Fat cats:

triangleTurn Carillion crisis into movement against privatisation and capitalism

triangleRail: fares up, bosses' pay up - delays and cancellations up

triangleWidening wealth gap, increase in poverty...make the fat cats pay

triangleDefuse the consumer debt time bomb: nationalise the banks!

triangleThe Socialist inbox

Academies:

triangleEast London Socialist Party: How do we defeat academies in Newham?

triangleStriking back against academies in Newham

triangleFailing academy chain strips school assets - end academisation!

Pay:

triangleI'm now a 'manager' and I can barely manage!

triangleFighting sexism: Positive discrimination - yea or neigh?

triangleRoyal Mail forced back under threat of action

Bonuses:

triangleCity bosses' 40m bonuses as Number of food banks hits 2,000

Council:

triangleBuilding the campaign against clearances of the working class

Working class:

triangleDarkest Hour: Not the usual flattery of brutal Tory Churchill

Education:

triangleUniversity workers' walkout for decent pensions

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