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From The Socialist newspaper, 13 April 2016

Austerity not needed

Tory and Blairite cuts are both brutal and unnecessary, photo Tony Fischer (Creative Commons)

Tory and Blairite cuts are both brutal and unnecessary, photo Tony Fischer (Creative Commons)   (Click to enlarge)

Dave Carr

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

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


Refugees

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


EU referendum

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!


Comment

Letter: Women and work


 

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Related links:

Austerity:

triangleWomen's Lives Matter national meeting

triangleTory chaos reaches fever pitch

triangleNorthamptonshire council crisis continues

triangleFrance: mass demonstrations force president to back down

triangleLeeds TUC conference to organise fight against austerity

Tax:

triangleSave the high street: public ownership, not ghost malls

triangleWirral Socialist Party: We beat the poll tax!

triangleTories out - we need socialism!

Public services:

triangleInterserve debts

triangleCuts and NHS crisis result in 'excess' elderly deaths

triangleEnd "poverty, ill health and despair":a benefits adviser speaks out against the cuts

Wealth:

triangleWest London Socialist Party: Seattle council's struggle against big business on wealth tax

triangleSuper-rich flee to Monaco to evade Corbyn

Budget:

triangleIslwyn Labour Party calls for council no-cuts budget

George Osborne:

triangleOsborne evades Carlisle socialists

Britain:

triangleNothing to offer from the Blairites

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