Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/471/1991

From The Socialist newspaper, 25 January 2007

Labour's super-rich friend

THE ARREST of Tony Blair's aide Ruth Turner, on suspicion of perverting the course of justice in the cash for honours investigation, has bought the whole question of funding of political parties into the limelight again.

Roger Shrives

You don't need a police investigation to see that New Labour has become reliant on donations from rich people. The rich get treated well by Blair's party and show their appreciation. Many businessmen who give to Labour seem to get juicy government deals. Often it's less a case of loans for lordships as cash for contracts.

Labour recently received a 2 million donation from Britain's richest tycoon Lakshmi Mittal. In 2002, Mittal gave 125,000 to Labour's election campaign. Later, he got a letter of support from Blair backing him in his successful bid to buy up a former state steel plant in Romania.

Mittal was 'worth' under a billion pounds then - now he's worth almost 15 billion. Starting with exploiting workers in India and Indonesia, he has extended his empire to USA, China and Africa through mergers and takeovers.

He can afford 2 million. He paid over thirty times as much, 65 million, for the world's costliest house in London. That's 20 million more than the annual budget of Liberia, a country where Mittal recently did a deal that will add greatly to his fortune but will give little or nothing to the people of that impoverished country.

Mittal pays some tax (though not much) in Britain but his firm is registered in Netherlands Antilles, which offers offshore operations on a tax-exempt basis. With people like him backing New Labour, the policies are going to be friendly to millionaires and tax avoiders.

Trade unionists and socialists need to start to build a new party for the working class. It would give a political home to those voters who feel New Labour has abandoned them and those who reject mainstream capitalist politics where every party kowtows to the interests of the Mittals of the world.

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


In The Socialist 25 January 2007:

Striking to defend public services

Trade unions must give a lead


War and terrorism

Iraq: build for 24 February protest

'No to the US base'


Socialist Party news and analysis

Labour's super-rich friend

Behind the bonus bonanza

Save our school buses

Support the paper that fights for a socialist future


Big Brother

Big Brother viewers reject racist bullying

New Labour hypocrites wade into Big Brother row

Endemol defends racist abuse


Workplace news and analysis

Strike ballots show willingness to fight

British Airways in more battles with workforce

London Underground workers ballot for strike over pay


Socialist Party NHS campaign

NHS still needs national demo

New Labour leads the big-business assault

A socialist programme for the NHS


Socialist Party Marxist analysis

When will the bubbles burst?


Socialist Students

Join the national day of protest on 22 February

Building for the 22 February Day of Action


International socialist news and analysis

Sri Lanka: anti-war organiser attacked

Workers brave regime's bullets


 

Home   |   The Socialist 25 January 2007   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Labour:

triangleBristol South Socialist Party: How can councils protect public services?

triangleLocal paper reveals Labour candidate 'tried to defect to the Tories'

triangleLabour councillors could stop unsafe 'driver-only operation' tomorrow

triangleThe Socialist inbox

triangleFor a fighting, democratic Labour Party

Rich:

triangleBillions for the bosses, benefit cuts for us

triangleMajority of kids poor in some areas

triangleCapitalists fear for their system at Davos

triangleFor workplace trade union organisation against sexual harassment

Super-rich:

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

triangleThem & Us

triangleThem & us

Reports and campaigns

Reports and campaigns

18/4/18

UCU

UCU members vote to end pensions dispute

18/4/18

Usdaw

Usdaw conference 2018: time for new era of fighting trade unionism

18/4/18

Leeds

Victorious Fearnville Fields campaigners thank the Socialist

18/4/18

Hull

Hull says no to war, no to austerity

18/4/18

The Socialist

The Socialist - a fighting, campaigning, workers' paper

18/4/18

Socialist Party

Building fund: 150,000 milestone smashed!

18/4/18

Fighting Fund

Give us your change (and more) to fight for system change!

18/4/18

Scotland

Workers' victory over anti-union Scottish council

18/4/18

Newham

Avenue School strikers and parents win judicial review

18/4/18

PCS

Vote for a left, fighting PCS leadership

18/4/18

PCS

PCS rejects Acas offer - further strikes announced

18/4/18

Bromley

Bromley libraries - indefinite strike action continues

18/4/18

Butterfields

Butterfields tenants join TUSC campaign

13/4/18

Cuts

Fighting the cuts to women's services

11/4/18

Health

May elections: a chance to fight attacks on health and social care

triangleMore Reports and campaigns 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


April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999