Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/952/25645

From The Socialist newspaper, 14 June 2017

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

The bosses' greed knows no bounds, photo Mike Mozart/Creative Commons

The bosses' greed knows no bounds, photo Mike Mozart/Creative Commons   (Click to enlarge)

Tories out! Corbyn in! Take the wealth off the 1%!

Geraint Thomas, Nottingham Socialist party

While working class people across Britain go hungry, directors of massive corporations continue to rake in obscene bonuses.

Senior bosses at investment firm Melrose Industries will split a 240 million bonus pot between them. The top four directors are getting a whopping 40 million each.

Even London financiers are worrying about how bad handouts like this look. But the warning by the Investment Association of revolts at corporate AGMs over bonuses seems to be falling on deaf ears.

Benefit delays

Meanwhile, research by the Independent Food Aid Network found that there are at least 2,024 food banks in the UK.

The Trussell Trust, running just 427 of these food banks, recorded that it had handed out 1.2 million food parcels to an estimated 550,000 people.

Low income and benefit delays were the biggest reasons for workers being forced into the humiliation of going to food banks.

These figures only scratch the surface of the problem. Several co-workers at my last job regularly made the choice of heating or eating over the winter thanks to low hours and pay. Even nurses are affected, hit by the pay cap and rising living costs - hardly the "complex reasons" Theresa May claimed.

The Melrose bosses' 240 million will be paying for expensive cars and mansions and filling up tax-dodging banks. That money could easily be used by a Corbyn-led socialist government to create thousands of decently paid jobs.

The billions more paid as executive bonuses and shareholder profits across the top companies could eliminate hunger and poverty, rather than propping up the lifestyles of the have-yachts.

Take the wealth off the 1%. Mobilise mass demonstrations for a Corbyn-led government. Fight for socialism.

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


In The Socialist 14 June 2017:


Socialist Party news and analysis

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

Low-paid work till lunch to make rent

Young workers in unions earn 20% more

Corbyn surge beats Trump


General election 2017

May and Tories must go!

Northern Ireland: DUP propping up the Tories

Scotland - SNP loses but Labour could've won more

Wales: Corbyn's left surge refutes right-wing Labour doomsayers

General election: what you thought about it

Corbyn's support increases further during last week of campaign

Rallying in support of Corbyn's policies

Large turnout to hear Jeremy Corbyn


International socialist news and analysis

France - Huge voter abstention belies Macron's 'landslide' election

International news in brief


Socialist Party workplace news

NSSN conference: workers' action to kick out the Tories

GMB conference: angry mood from delegates

LSE victory

Window strikers joined by second plant

Exploited agency workers organise


Socialist Party reports and campaigns

The fight goes on - let's make it a socialist fight to win

Racist EDL humiliated for third time

From Militant to the Socialist Party


 

Home   |   The Socialist 14 June 2017   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Bonuses:

triangleStop the 54,000 yearly maternity sackings

triangleBosses' bonus billions bonanza

triangleBuses parked three deep in Leeds strike

triangleThem & Us

Food Banks:

triangleMagic money tree

triangleFight Tories' callous cuts pushing 200,000 more kids into poverty

triangleWhat would a socialist food industry look like?

triangle30% of people on inadequate incomes in UK

Food:

triangleCarlisle: Alternative Burns night

triangleWe're freezing: reverse cuts to boiler replacement schemes!

triangleThe Socialist inbox

Banks:

triangleCapita in crisis: bring all outsourcers back in-house

triangleThem & Us

Wealth:

triangleCapitalists fear for their system at Davos

Tories:

triangleNorth London Socialist Party: When Liverpool council defied the Tories

Pay:

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

Britain:

triangleYork Socialist Party: Britain in 2018

Poverty:

triangleOxfam scandal: we need democratic aid and working class solidarity

News and socialist analysis

News and socialist analysis

14/2/18

Tamil Solidarity

Tamil youth march for justice

14/2/18

Foreign Aid

Oxfam scandal: we need democratic aid and working class solidarity

14/2/18

TUSC

Building support for Corbyn's anti-cuts policies in the local elections

14/2/18

EU

What we saw: Tory-Blairite EU love-in

14/2/18

Rents

Rent doubles in a decade: cap rents, build council homes!

14/2/18

Public ownership

McDonnell says Labour would put services 'irreversibly' in workers' hands

14/2/18

NHS

We can win the fight for the NHS

7/2/18

Labour

NHS - build the fightback

7/2/18

Labour

Corbyn's left must seize the advantage in Labour's civil war

7/2/18

Haringey

Haringey: now's our chance for a no-cuts council

7/2/18

Refugees

90 feared dead after migrant boat capsizes

7/2/18

Outsourcing

Capita in crisis: bring all outsourcers back in-house

7/2/18

Trump

Trump v NHS

31/1/18

NHS

NHS: use the 3 February protests as a launch pad for a mass movement

31/1/18

Davos

Capitalists fear for their system at Davos

triangleMore News and socialist analysis 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: 0191 421 6230

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


February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999