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From The Socialist newspaper, 30 March 2016

Them & Us

Housing hypocrisy

Housing association bosses who oversaw a drop in affordable home building have received fat raises, according to the Times.

The top 50 associations built 6.3% fewer homes in the past 12 months. Many chiefs have had inflation-busting pay rises of 10%, and earn an average of 200,000 a year. Top bosses can earn up to 350,000.

Yvonne Arrowsmith, head of East Thames Group, presided over just 153 new builds - a 45% fall from the previous year. She 'earned' 155,000 for her efforts.

While chief execs rake it in, the housing crisis only worsens. The 'market failure' is most acute in London. Nearly a third of boroughs - nine out of 32 - have zero properties for sale at less than the UK average of 191,812.

Only in Bexley, an outer south-east London borough, is there a property available for under 100,000. The average London price is 530,409. That's nearly 40 years' full-time salary after tax on the Tories' new National 'Living' Wage for over-25s.

The Socialist campaigns for a mass programme of publicly owned home construction, immediate rent controls, and a 10 an hour minimum wage now with no exceptions.


Tax attacks

The Tories have paid for their humiliating u-turn on tax credit cuts by slyly postponing the theft.

An Office for Budget Responsibility (OBR) report has exposed the government's plan. The nightmarish 'Universal Credit' system, which aims to consolidate benefits into one easy-to-cut package, will reinstate the tax credit reduction. As previously reported in the Socialist, this attack could cost working families up to 1,700 a year.

Tax credit cuts for us, tax cuts for them. The OBR estimates that Osborne's latest budget represents a tax giveaway of 56 billion to big business and the super-rich.

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In The Socialist 30 March 2016:


Socialist Party news and analysis

We demand a real living wage

Teachers and school students march against forced academies

Academy chain axed in head's pay scandal

Disabled activists shame tory cutters

1% worried

What we saw

Them & Us


International socialist news and analysis

Belgium: Far right attack vigil for Brussels victims

Kazakhstan: Treatment of political prisoners condemned

International news in brief


European Union referendum

Why socialists should vote to leave the EU

Vote against the EU - but no unity with Tories or UKIP


Socialist Party workplace news

Solidarity with junior doctors

NUT to ballot for action over academies

Museum workers strike to defend pay

Greenwich labour councillors given the red card

Lambeth: Librarians walk out over cuts and privatisation

Tube workers' strike shuts Piccadilly Line

Workplace news in brief


Socialist Party reports and campaigns

'No forced academies' demonstrations

Swansea: Fascist thugs made to look pathetic

All you need is love - and a stall!


Socialist Party comments and reviews

Featured letter: 'Universal Jobmatch' con: 'Rabbit trail' of recurring, non-existent job ads

Enter Shikari review: A kaleidoscope of colour

Letter: Inadequate academies


Socialist Party feature

Fighting the great tax robbery: taxes and regulation or socialist nationalisation?


 

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