Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/583/7429

From The Socialist newspaper, 10 June 2009

News in brief

Compulsion

AN 'OVERSIGHT', a 'mistake' or being 'badly advised' are the typical lame excuses offered by expenses grabbing MPs. Now, however, Manchester Gorton Labour MP, Gerald Kaufman, has trumped the excuses league table. He blames his outrageous expenses claims (a pair of Waterford crystal bowls and an 8,865 TV) on being afflicted with Obsessive Compulsive Disorder. Poor old Gerald, he simply couldn't stop himself ripping us off. Clearly, he doesn't need opprobrium but our help.

Tax avoidance

RECENTLY, THE Daily Telegraph urged HM Revenue & Customs to pursue claims of tax avoidance by MPs over their expenses claims. Tax avoidance is something the Telegraph knows a lot about as its owners - the Barclay brothers, Sir Ian and Sir David - are registered as 'non doms', thereby avoiding paying any. Now the brothers are exploiting another tax loophole, allowing their Channel Island based companies to avoid paying VAT on CDs, DVDs and video games sold on the internet. This scam will undermine high street retailers and cut government tax revenues.

Another fine mess

IN A bid to avoid 'government interference' from Chancellor Alistair Darling's multi-billion bailout package for the banking industry, Barclays - the UK's third biggest bank - turned instead to the Abu Dhabi royal family, owners of the International Petroleum Investment Company (IPIC) and Manchester City FC.

Offered extremely lucrative returns compared to other investors, IPIC bought 4.75 billion worth of Barclay's shares only to sell 3.5 billion worth a few months later, netting the company a cool 2.5 billion profit and causing Barclays shares to plummet 13%. Other sovereign wealth fund investors may also pull the plug on Barclays.

Having screwed up its investments Barclays managers are making workers pay by announcing 1,550 job losses.

Vandals

LDV VANS looks doomed after private equity company Weststar pulled out of a rescue plan, leaving 850 workers unemployed and threatening thousands more jobs in the car components industry. Weststar is hanging around, hoping to pick up LDV at a bargain price now that it's in administration.

Business secretary Peter Mandelson refused a 60 million bridging loan but the cost of closure to the Treasury will be 53 million in unemployment benefits and lost taxes in the first year, while the economy will lose over 200 million of wages, purchases and export revenue.

A delegation by workers to Westminster to ask for a bailout was called off because, scandalously, the Cabinet reshuffle meant no ministers were available to meet them.

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


In The Socialist 10 June 2009:

Step up the fight for a new workers' party

A socialist MEP Joe Higgins elected in Ireland

'The best fighter that money can't buy'

STOP PRESS: BNP feel the anger

Youth Fight against Racism


Socialist Party election campaign analysis

No2EU: a step towards a workers' political voice


Socialist Party workplace news

Reinstate Rob Williams now! Support Linamar strikers

London Underground: Solidarity with strike over jobs and pay

Glasgow council street cleaners start workers' fightback

Bristol bins strike threat brings new conditions offer

Unison NEC elections bring gains for Socialist Party

Another DWP minister resigns

Engineering construction workers ballot: End 'race to the bottom'

Come to NSSN conference

News in brief


Socialist Party publication

The Masses Arise: The French revolution and today's struggles


International socialist news and analysis

European parliament elections 2009: Europe on the edge

General strike in Basque country

Brazil: "Liberty, Socialism and Revolution" is born


Youth fight for jobs

CWU conference backs Youth Fight for Jobs campaign

No to cuts at Kings

Liverpool Community College strike


 

Home   |   The Socialist 10 June 2009   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Tax:

triangleBristol South Socialist Party: The battle that defeated the Poll Tax

triangleCaerphilly & RCT Socialist Party: The fight against the poll tax

triangleCardiff East Socialist Party: How we beat the Poll Tax

triangleTurn Carillion crisis into movement against privatisation and capitalism

triangleCardiff West Socialist Party: How the Poll Tax was beaten

MPs:

triangleAntisemitism slurs: latest attempt to derail Corbynism

triangleFor a fighting, democratic Labour Party

Reports and campaigns

Reports and campaigns

23/4/18

Hull

College protest against job losses

22/4/18

Bromley

Bromley library workers win strike campaign

18/4/18

UCU

UCU members vote to end pensions dispute

18/4/18

Usdaw

Usdaw conference 2018: time for new era of fighting trade unionism

18/4/18

Leeds

Victorious Fearnville Fields campaigners thank the Socialist

18/4/18

Hull

Hull says no to war, no to austerity

18/4/18

The Socialist

The Socialist - a fighting, campaigning, workers' paper

18/4/18

Socialist Party

Building fund: 150,000 milestone smashed!

18/4/18

Fighting Fund

Give us your change (and more) to fight for system change!

18/4/18

Scotland

Workers' victory over anti-union Scottish council

18/4/18

Newham

Avenue School strikers and parents win judicial review

18/4/18

PCS

Vote for a left, fighting PCS leadership

18/4/18

PCS

PCS rejects Acas offer - further strikes announced

18/4/18

Bromley

Bromley libraries - indefinite strike action continues

18/4/18

Butterfields

Butterfields tenants join TUSC campaign

triangleMore Reports and campaigns 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: 0784 114 4890

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


April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999