Latest post on Left Futures

One rule for benefit claimants, another for the tax avoiders.

The latest figures collected by Oxfam indicate nearly a million persons have been ‘sanctioned’ (i.e. deprived of all benefits for a month for the first infringement, often trivial, for 3 months for the second, and 3 years for the third) in the last 15 months and that the numbers using foodbanks are now well over half a million.

Yet bankers are still leading the life of Riley at the public expense without any being brought to book. Barclays under the so-called Jenkins ‘clean-up’ act has just stunned even the City by increasing bonuses by by 10% despite profits collapsing by 32%.

All the Big 4 – HSBC, Barclays, RBS and Lloyds – have shown contempt for restraint by circumventing the new EU rule limiting bonuses to 200% of salary by paying a totally artificial ‘allowance’ far exceeding this limit. HSBC have thus paid their chief executive an ‘allowance’ worth £32,000 a week on top of his £1.6m salary.

Barclays is the bank which took the lead in rigging Libor and HSBC was arraigned for money-laundering on behalf of drug cartels, terrorists and pariah states. Despite this background of big-time criminal activity amid soaraway boardroom greed, not one of the miscreants at the top of these organisations has been collared.

One Comment

  1. Mr jeffrey l davies says:

    this lot have taking the disabled sick unemployed to hell and back until those who are responsible taken into jailed then its more of the same but thisgovernment needs to be held responsible for all the deaths waiting in hope jeff3

© 2019 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma