The Socialist

The Socialist 23 March 2016

Tories split - strike now!

The Socialist issue 894

Budget cuts resignation: Tories split - strike now!


Them & Us - budget special

Budget 2016: fight for socialist policies to reverse cuts!


Socialist Party national congress 2016


Brussels attacks: don't let the terrorists and racists divide us

'Living wage' lie: fight for £10 now!


Junior doctors to escalate strike action

Aramark workers striking for the living wage

Tube drivers shut down Piccadilly Line over bullying

Workplace news in brief


Uniting to defeat John Roan academy plans

Academy failed me and other children with disabilities


BSE crisis - the madness of the profit system

Five years ago: 750,000 march against cuts


"As a carer, I am expected to pick up the slack"

Letters

 
 
 
 
 

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Them & Us - budget special

£56 billion

Osborne's proposed tax giveaway to higher earners and business over this parliament, according to the Office for Budget Responsibility. That will have to come from somewhere. Our money's on cuts to benefits, services, jobs and wages.

-£3.5 billion

Additional cuts to national government departments, as yet unallocated.


-29%

Cut in capital gains tax - which affects sales of property and investments - for the super-rich. The derisory 28% duty will fall to 20%.

-15%

Cut in corporation tax - on business profits over £300,000 - which the Tories hardly bother to collect anyway. Last year's laughable 20% rate will drop to 17%.

3.96 million

Workers aged 16-24 (Office for National Statistics, March 2016) - who will not be eligible for the government's new National 'Living' Wage. The Socialist says: no exemptions for youth or training - pay the rate for the job!

-£1.05 an hour

Amount the Tories' £7.20 National 'Living' Wage falls short of the Living Wage Foundation's suggested rate. It falls £2.20 an hour short of the London rate. The Socialist campaigns for an immediate £10 an hour minimum wage as a step towards a real living wage for all.


+£250

Average increase in income for the best-off fifth of households over this parliament, according to thinktank Resolution Foundation.

-£550

Average loss in income for the poorest fifth of households over this parliament, according to the Resolution Foundation.


£4,000 a year

Amount of disposable income Osborne will let under-40s save tax free. He also promises a 25% top-up from the state. The move is an attempt to cover up raids on state pensions.

-£4,301.79 a year

Pre-tax shortfall between wages and cost of reasonable living - never mind having spare cash to save - for National 'Living' Wage earners in London. Compared to Living Wage Foundation rates, assuming a 37.5-hour working week. Shortfall is £2,053.13 outside of London.


2021

Expected year average wages will return to pre-2008 levels, according to the Resolution Foundation. Even this 'lost 13 years' prediction assumes no new economic crisis. It is also based on official 'CPI' inflation measures, which don't cover all areas of household expenditure. Using 'RPIJ' inflation projections - which include some housing costs - we still won't have recovered.


In this issue


What we think

Budget cuts resignation: Tories split - strike now!


Budget 2016

Them & Us - budget special

Budget 2016: fight for socialist policies to reverse cuts!


Socialist Party annual congress

Socialist Party national congress 2016


Socialist Party news and analysis

Brussels attacks: don't let the terrorists and racists divide us

'Living wage' lie: fight for £10 now!


Workplace news and analysis

Junior doctors to escalate strike action

Aramark workers striking for the living wage

Tube drivers shut down Piccadilly Line over bullying

Workplace news in brief


Academies feature

Uniting to defeat John Roan academy plans

Academy failed me and other children with disabilities


Socialist history

BSE crisis - the madness of the profit system

Five years ago: 750,000 march against cuts


Socialist readers' comments

"As a carer, I am expected to pick up the slack"

Letters


 

Home   |   The Socialist 23 March 2016   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook

Related links:

Them & Us:

triangleThem & us

triangleThem & Us

triangleThem & Us

triangleThem & us

triangleThem & Us

US:

triangleNuclear Folly: A New History of the Cuban Missile Crisis

triangleGoodlord dispute: Labour's leadership weasled out of backing strike action

triangleOn the frontline, and still fighting for the NHS

triangleDeaths of despair: Health crisis - capitalism in the dock

Budget:

triangleSchools funding crisis fails vulnerable children

triangleBrighton Socialist Party: How can councils set a People's Budget?

triangleSouthampton Socialist Party: The preparation of a People's Budget

Tax:

triangleTerry Fields MP, Prisoner DV 3695 - The jailing of 'poll tax' rebel and Militant

triangleBirmingham Clean Air Zone a tax on the poor

Parliament:

triangleSwansea Socialist Party: The TUSC anti-austerity challenge in the Welsh parliament

London:

triangleSave jobs and services - nationalise rail

Tories:

triangleWe need a new political party for workers and youth

Government:

triangleClimate change, capitalism, and the struggle for socialism

Inflation:

trianglePublic sector pay - Prepare for action!

Cuts:

triangleReturning to campus: Students need to fight

Super-rich:

triangleTake the wealth off the super-rich to fund: NHS and social care, pay and benefit rises

Pensions:

triangleUnite young and old to defend the pensions triple lock

Rich:

triangleNHS and social care - make the rich pay, not the workers

Workers:

triangleWeetabix - workers have had enough

Youth:

triangleWe won't pay for capitalism's failings

Pay:

triangleSolidarity to the striking workers at Charité and Vivantes hospitals in Berlin

Economic crisis:

triangleWaltham Forest Socialist Party: House the homeless - take over the empty homes

Benefits:

triangleHands off the uplift

Housing:

triangleEaling by-election: Labour council has not opposed Tory cuts

Jobs:

triangleYouth Fight for Jobs launches campaign in Brighton