Posts under ‘Earnings’

NHS staff in England are being treated even worse than other public sector workers

by Michael Meacher.

It was Nigel Lawson, I think, who once opined that the NHS was the nearest thing the British had to a religion. If so the government has treated its priestly acolytes uniquely badly. The average real pay of NHS workers has fallen by over 10% since 2009. No less than 40,000 are paid below the […]

Osborne’s boasts were lies – his was not a budget for a prosperous Britain

by Michael Meacher.

The truth finally came out. Osborne claimed that the deficit was being cut this year when in fact that is only due to the exceptional delaying of tax payments till the end of the fiscal year by the super-rich in order to take advantage of the reduction in the top income tax rate to 45%. […]

Why we should say NO to welfare cuts in the next Parliament

by Michael Meacher.

There is an auction taking place on the size of the welfare cuts to be imposed in the next 5 years. The Tories are arguing for £30bn cuts in the first 2 years to 2017-8 via no tax rises, £12bn in welfare cuts, £5bn in extra corporate tax evasion revenues, and bigger departmental cuts (up […]

Osborne fiddles the figures – again – on living standards

by Michael Meacher.

In a budget speech spent firefighting against his opponents’ attacks, Osborne’s most eye-catching claim was that household incomes are now higher in 2015 than in 2010. However like everything else this slippery chancellor does, nothing should be taken at face value. And once again the spin he has put on the facts is wildly misleading. […]

Austerity and economic failure to continue

by Michael Burke.

The Tory election campaign is based on the claimed success of the government’s economic policy, as the hype around the latest budget confirms. In reality the Tories’ economic record has been unprecedentedly poor. Their economic policy is not primarily aimed at increasing growth or prosperity but rather at effecting a fundamental change in the economy […]

If you are going to tell porkies, tell big ones

by Dave Watson.

If you are going to tell porkies, tell big ones. That seemed to be the Chancellor’s strategy in yesterday’s budget. It was as if the past five years didn’t happen. The worst fall in real earnings in recorded history a total fall of 7.9% and even this is on the basis of the lower CPI […]

What the 3 main parties aren’t telling you: a radical way out of austerity

by Michael Meacher.

On budget day this Wednesday (18 March), I and 16 other contributors are launching in the House of Commons our book What the Three Main Parties are not Telling You: A Radical Way out of Stagnation and Inequality as a counter-blast to Osborne’s demand for another 5 years of austerity. Mariana Mazzucato refutes the conventional […]

Spain’s jobs crisis will last as long as it is in the euro

by Tom Gill.

By Juan Torres López and translated from the original Spanish by Tom Gill A crucial question for the Spanish economy is why it suffers a level of unemployment that is much higher than the rest of the economies that surround it. Obviously, it is a question with no simple unequivocal answer, for surely there are many factors […]

Performance-related pay is a myth to excuse greed

by Michael Meacher.

It has been reported today that Bob Dudley, chief executive of BP, received a 25% rise in total pay and bonuses last year even though shareholder returns deteriorated and company profits fell back significantly because of the halving of the world price of crude. According to BP’s annual report published yesterday, his overall pay rose […]

If you think bankers are greedy and self-interested, you should meet fund managers

by Jon Lansman.

The latest incomes data shows bankers still getting obscenely high remuneration and whopping big bonuses, yet they are being overtaken by another group within the finance sector. Fund managers have now overtaken the pay and bonuses of bankers, though they’re keeping it very quiet. They say there’s no need for customers (i.e. the investing public) […]

© 2015 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma