Our fat cat of the week is Martin Baggs, chief executive of Thames Water.
- Baggs has bagged another bumper bonus bonanza—£420,000. And he’s in line for another £1 million in “incentives”
- It’s raining cash for this fat cat—funded by his firm jacking up water bills by 6.7 percent this year alone
‘Perfect storm’ hits the poor
Tory austerity is hitting the poorest, a report shows.
A “perfect storm” of falling incomes and rising prices could bring back “inequality levels not seen since Victorian times”, the Oxfam study says.
There are 7.9 million adults living in poverty, it added. And it isn’t just about unemployed people—six out of ten of them are in work.
Covering up for misery
Bosses in DWP call centres have been taking down PCS union posters that expose the reality of what it’s like to work there.
They describe callers to benefit hotlines saying they are thinking of suicide, and how workers have been told to work even if they are sick.
You can see the posters at www.bit.ly/KMAG5V
No tricks up his sleeve
Meanwhile chancellor George Osborne says the Tories are “rolling up our sleeves” on the economy. He was wearing a dinner jacket and dickie bow to speak in the City at the time.
Racists versus llamas
The English Defence League (EDL) has long campaigned against Muslims. Yet racists now seem to be targeting llamas.
John “Snowy” Shaw, leader of EDL split the Infidels, has been convicted of animal abuse after depriving llamas of food.
Five of the llamas he was keeping died. Others were found emaciated.