Link to this page: https://www.socialistparty.org.uk/issue/897/22582
From The Socialist newspaper, 13 April 2016
Austerity not needed
Tory and Blairite cuts are both brutal and unnecessary, photo Tony Fischer (Creative Commons) (Click to enlarge)
The Panama Papers reveal a financial parallel world in which the 'masters of the universe' keep their ill-gotten gains. The scale of this wealth hoarding is astonishing.
According to researcher Ben Judah, one-third of the estimated $21 trillion in tax havens worldwide falls within British sovereign territory. There is more money in British sovereign tax havens then there is in the UK's GDP (total output of goods and services) this year!
So when George Osborne imposes austerity on Britain's lowest income earners to plug the government's budget deficit, he's clearly ignoring the piles of cash sitting in the British Virgin Islands, et al.
And it's not only the working and middle classes of this country being needlessly screwed by the Tory chancellor. It's estimated that if money siphoned off to tax havens from ex-colonial countries was instead spend on health and other vital public services, 3.6 million lives could be saved every year.
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In The Socialist 13 April 2016:
Panama Papers reveal corrupt system of the 1%
Austerity not needed
Reactionary EU campaigners implicated by Panama Papers
Another Fifa corruption scandal
Houses for offshore investment, we're stuck at home
Socialist Party workplace news
Nationalise to save all Steel jobs
Save BIS Sheffield: we won't be a Northern Poorhouse!
RMT branch calls for TUSC backing to continue
Doctors fight on against imposed contracts
Construction workers defend jobs and pay
Workplace news in brief
Review: Militant by Michael Crick
Review: 'Militant' by Michael Crick
Solidarity with refugees: fight for jobs, homes and services for all
Campaigning for scholarships for refugees - and free education for all
International socialist news and analysis
France: full-scale struggle with government is erupting
Bangladesh: stop the Rampal power project
Brazil: solidarity with attacked civil servants
International Panama Papers protests
Bosses back EU to boost NHS sell-offs
Socialist Party campaigns
Library occupation ends with march on cutting council
Sales of the Socialist on the rise, read all about it!
No A-level courses in Knowsley thanks to 'academies' system
Workers and youth unite to defend vital services
"Not the church, not the state - women must decide their fate!"
Defend the NHS
Huddersfield A&E fightback grows
Demonstration to defend the NHS in Leicester
Worcestershire: hands off our health service!
Letter: Women and work
The Socialist 13 April 2016 |
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