We are told that what lies behind Cameron and Clegg’s £80 billion (one billion is 1,000,000,000) of cuts and £30 billion of tax rises that we face over the next three years is the fact that the money is not there to support our public services and spending? We are running up a huge debt [...]
Public pensions face a two pronged attack form the financial markets. The attack consists of, as Danny Alexander has so publicly said, making as pay more towards our pension, wait longer for the pension and not have it linked to our final salary but to a gamble on the financial markets. He omitted to mention [...]
In a year when the majority of the population are faced with a pay freeze the richest 1000 people in the country have seen their wealth rise, in 2010, by just over£60 billion (a billion is one thousand million) or 18% to a total of nearly £400 billion. This wealth which includes land, property, art, [...]
The Fat cat Oil companies are bleating and threatening to withdraw up to £50 billion of investment in the North Sea oil industry because the government has levied a windfall tax of £2 billion on their profits for financial year 2010/2011. This is a scandalous greedy response in a financial year when the oil companies [...]
After thirty years of credit bubble capitalism it is time we made the rich pay for the mess they have created and ensure they make their proper financial contribution to the big society. In the last thirty years we have seen a massive shift in wealth to the richest in society – in 1982 the [...]
Anger has rightly resurfaced on bankers’ bonuses in a week when two of the US banks with a significant presence in the UK announced they would be paying bonuses to their staff of over $30 billion for 2010. UK banks are estimated to be making £7 billion in bonus payments for 2010 when they are [...]
The rise in VAT to 20% is part of the coalition’s plans to make us pay for cost of their crisis. It is part of a package of cuts and tax increases worth £111 billion pounds a year that will be borne by the less well-off section of society to meet the cost of the [...]
The SNP’s upcoming proposed Scottish budget for 2011/2012 should be an opportunity to put a radical alternative to the austerity which the Coalition is trying to impose on us. Instead the SNP will themselves exert further austerity on the Scottish people. They will bundle all the budget cuts announced at department level by the Coalition’s [...]
Lord Hutton’s report last week recommending changes to the public pension system is part of an assault on all our pensions – private, public and state. This is an element of the generalised assault on all our living standards as result of the billions of pounds that have been spent on bailing out the financial [...]
The cry that goes out whenever a fair tax redistribution system is suggested that if one was implemented the rich would leave the country in droves. The implication being that we either could not function without them and that our economy and our society would crumble. Is this really the case? The facts would point [...]
