The Socialist 29 October 2014
Millions robbed by greedy bosses

Millions robbed by greedy bosses
Capitalism - 'the new mediocre'
Record numbers of workers suffering poverty pay
Lessons from history: 1917 Revolution in Russia
Australia: The sacking of a government
Building a political alternative in Seattle
Support FBU pension strikes: Save our fire service
St Mungo's Broadway workers discuss next action
Sheffield recycling workers to start indefinite action
Ritzy workers threatened with redundancy
Fighting for better pay for workers
Wales colleges: Vote 'yes' in pay strike consultation
NASUWT members strike at Swinton High School
Leicester holds historic People's Budget talks
Southwark Labour demolishes homes
Film review: On the streets of Belfast in 1971
PO Box 1398, Enfield EN1 9GT
020 8988 8777
Link to this page: https://www.socialistparty.org.uk/issue/831/19590
![]() | |||
Home | The Socialist 29 October 2014 | Join the Socialist Party
Subscribe | Donate | Audio | PDF | ebook
Them & Us
Unsocial media
Chancellor George Osborne told a bemused Tory audience at their recent conference that the government is cracking down on aggressive corporate tax avoidance. Odd then that Facebook's UK corporation tax bill was only £3,169 compared to its net profit last year of $1.5 billion.
It seems that Facebook simply funnelled its UK sales through its European HQ located in the Republic of Ireland.
Second jobs
Times must be hard when MPs have to moonlight. In the case of 20 MPs their second job, with earnings of over £100,000 a year, will certainly help pay the household bills. These include ex-ministers in the current coalition government.
Raking it in are former Labour prime minister Gordon Brown, who scooped £492,331; Respect MP George Galloway with £265,350; and Tory MP Sir Nicholas Soames on £253,598, to name three.
According to the Guardian, 26 MPs "earned more from directorships, paid employment or shareholdings than they did from their parliamentary salary".
In total, MPs trousered £7.1 million from their outside earnings.
Deeper in debt
Health care was the most common cause of debt collections in the USA last year - accounting for 38% of the total. It underlines the nightmare situation of millions of workers and their families faced with a prohibitively expensive, privately run health care system.
Income drop
Sticking with the US, as the wealth of the super-rich has rocketed the median household (which lies statistically at the middle of the income scale), has become $50,000 poorer since 2007.
Gender relegation
One reason for PM David Cameron refusing to wear a pro-feminist t-shirt could be because the UK has dropped out of the top 20 most gender-equal countries in the world for the first time. This relegation comes after women's average wages fell by £2,700 in one year.
According to the World Economic Forum the UK was behind 25 countries when it came to men and women having the most equitable life chances in health, work and education.
Child poverty
Since the onset of the world capitalist recession in 2008 the number of children falling into poverty is 2.6 million greater than the number who have been lifted out of it according to a new report by Unicef. The child poverty rate in the UK has risen from 24% to 25.6% in this period.
What we saw
One million refuse to register for water charges
Video of Paul Murphy, Socialist Party TD, Republic of Ireland, ripping up his Irish Water pack
www.socialistworld.net
In this issue
Socialist Party news and analysis
Millions robbed by greedy bosses
Capitalism - 'the new mediocre'
Record numbers of workers suffering poverty pay
Socialist history
Lessons from history: 1917 Revolution in Russia
Australia: The sacking of a government
International socialist news and analysis
Building a political alternative in Seattle
Socialist Party workplace news
Support FBU pension strikes: Save our fire service
St Mungo's Broadway workers discuss next action
Sheffield recycling workers to start indefinite action
Ritzy workers threatened with redundancy
Fighting for better pay for workers
Wales colleges: Vote 'yes' in pay strike consultation
NASUWT members strike at Swinton High School
Socialist Party reports and campaigns
Leicester holds historic People's Budget talks
Southwark Labour demolishes homes
Readers' comments and reviews
Film review: On the streets of Belfast in 1971
Obituary
Home | The Socialist 29 October 2014 | Join the Socialist Party
Related links:
'Casino capitalism' - driving another potential financial Armageddon
Global capitalism at most dangerous conjuncture since the 1930s
Act now to cancel Covid crisis rents and debt
Lebanon - mass protests cut across sectarian division
No surprise, poverty is rising
Don't let Tories starve our kids
Poverty increasing. Welfare state in crisis. Do we need a new Beveridge Report?
1981 Brixton riots: Racism and poverty - the anger explodes
Can the capitalist media prevent socialist change?
Cladding: Tories refuse to protect leaseholders again
Beal school strikers suspend action after possible victory
Tyneside Socialist Party: Our TUSC against cuts electoral challenge
Search the site
Printable version
