Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/953/25678

From The Socialist newspaper, 21 June 2017

The have-yachts and the have-nots

Trade unions must lead fightback

Monopoly man with axe dancing on money bags, 1% super-rich austerity inequality, photo torbakhopper (Creative Commons)

Monopoly man with axe dancing on money bags, 1% super-rich austerity inequality, photo torbakhopper (Creative Commons)   (Click to enlarge)

Simon Carter, East London Socialist Party

Anti-poverty think tank the Resolution Foundation has added to an accumulating body of evidence on the ever-widening wealth gap in Britain.

According to its recent report, just 1% of the population own 14% of the country's wealth (and that's just the declared income and assets of the super-rich) or a mind-blowing 1.6 trillion! Yet the poorest 15% of adults own nothing or have negative wealth because of deepening debt.

Low incomes, combined with pay caps and pay freezes, zero-hours employment, benefit cuts and soaring rents, have all played a part in impoverishing an increasing proportion of adults in Britain.

In addition, the collapse in home ownership among the poorest half of the population since the onset of the financial crash in 2008 has dramatically widened the wealth gap.

Overall, the average wealth of an adult has fallen from 99,000 in 2006-08 to 84,000 in 2012-14 according the Resolution Foundation's report.

As the Socialist previously reported, the richest 1,000 individuals in the UK again saw their total wealth rise - by 14% last year to 658 billion. In contrast, the Trade Union Congress found that between 2007 and 2015, real wages fell by 10.4%, the biggest decline in the developed countries - matched only by Greece.

Little wonder then that the Tories, with their repeated austerity message, lost a parliamentary majority in the general election.

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


In The Socialist 21 June 2017:


Grenfell Tower

Whole establishment exposed for role in Grenfell fire

Organise: justice for Grenfell and safety for all

Massive failings led to Grenfell Tower fire - Rapid, fully funded action now

Anger and grief on moving Grenfell marches

Unions call for action after Grenfell


What we think

Tories and May stagger on amid crisis - get them out!

Finsbury Park attack: No to terror, racism, war and austerity!


International socialist news and analysis

French elections: time to build a fighting left alternative


Socialist Party news and analysis

Kick out the Tories to save the NHS!

Inflation: Workers lose out - time for action

Open University facing huge cuts

The have-yachts and the have-nots


Workplace news and analysis

Jobcentre strike grows in second round of action

BA cabin crew calls two-week walkout over blacklisting accusations

Welsh college strike against crippling workload

Manchester housing maintenance dispute steps up action

Barts Trust NHS workers vote for action over pay

Unison conference: "A sense of change"

Militant mood against college job cuts

NSSN cancels conference to support 'Tories Out' demo


Socialist history

The Pentrich uprising: revolution and counter-revolution in 19th century Britain


Socialist readers' comments and reviews

"Austerity hurts and the only alternative is socialism"

The Socialist Inbox


Socialist Party reports and campaigns

Protests around the country demand: Tories out!

Young socialists share ideas at London meeting

Canterbury pride


 

Home   |   The Socialist 21 June 2017   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Trade unions:

triangleNHS - build the fightback

trianglePCS executive agrees next steps in pay campaign

triangleSustained mass movement needed to stop Tories wrecking our NHS

triangleLabour 'purge' furore really just democracy

triangleStrikers rally in Liverpool

Unions:

triangleNHS we're ready to fight

triangleLocal government workers' reps reject 2% pay offer

triangleVictory for school cleaners!

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

Wealth:

triangleCapitalists fear for their system at Davos

triangleTurn Carillion crisis into movement against privatisation and capitalism

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

Pay:

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

triangleFighting sexism: Positive discrimination - yea or neigh?

Wealth gap:

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

Britain:

triangleYork Socialist Party: Britain in 2018

Super-rich:

triangleThem & Us

Wages:

triangleBernie's book shows need for workers' party

Poverty:

triangleOxfam scandal: we need democratic aid and working class solidarity

Austerity:

triangleWe can win the fight for the NHS

Cuts:

triangleBradford Socialist Party: A strategy to defeat the cuts

Debt:

trianglePrivate profit out of our NHS

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