Socialist Worker

Tories' class war—march in Manchester Sunday 29 September

The government is waging war on workers and the poor—but their rich mates are booming Socialist Worker provides a few reasons to demonstrate at the Tory party conference

Issue No. 2370

Bad for the workers'

660,000 public sector jobs axed so far under the Tories’ austerity plans

650,000 households hit by hated bedroom tax

170% rise in the number of people given emergency food by food banks since April last year


Pay and pensions

Workers’ wages have dropped by 5.5 percent since autumn 2010. 

The average public sector pension is worth less than £5,000 a year. Benefits and wages are being pushed down while the cost of living soars. 

And the Tories want to raise the state pension age to 67 by 2028.

Just 12p out of every £1 created in Britain’s economy goes to the wages of the poorest half of workers.

This figure has fallen by a quarter over the past 30 years.


Benefits

Several people have killed themselves because of stress caused by the Tories’ war on welfare. 

The bedroom tax raid on housing benefit has taken many tenants below the minimum income of £71 a week. Two thirds of households affected by the tax include at least one disabled person.

The Tories admit their “reforms” will snatch benefits from 500,000 disabled people.


Health

Some 25,000 NHS jobs have gone under the Tories—and they want to slash another £20 billion from health service spending. 

They want to sell off the NHS to vulture firms who can make mega profits.


Jobs

Some 2.5 million workers are officially unemployed, including almost a million young people.

Over 16 percent of those in work earn less than the Living Wage—set at £7.45 an hour or £8.55 an hour in London. It’s estimated that one in ten workers want to work more hours.

And the Tories have slashed 25 percent of the Health and Safety Executive budget—putting workers’ safety at risk.


Good for the bosses

The average pay rise for FTSE 100 bosses last year was 10 percent. 

The average yearly pension for FTSE 100 bosses is £260k, up from £180k three years ago. 

The average pension pot for a FTSE 100 boss is now £4.73 million. One director alone has a pot of £22.2 million, according to the TUC

The rate of corporation tax is now just 20 percent. 

Chancellor George Osborne slashed it from 28 percent. The tax was 52 percent under Margaret Thatcher.


Bonuses

£40,000,000,000

That’s £40 billion—the amount paid out in bonuses in the last financial year, a rise of 4 percent. MPs are also set to cash in. They’re in line for an 11 percent rise, which takes their pay to more than £73,000 a year, not including expenses.


Inequality

Britain is more unequal now than it was a year ago. 

The richest people grabbed another £35 billion over the last financial year. 

But ordinary people have seen their incomes slashed as the cost of living soars. Food prices rose four times faster than wages.


Tax

It’s estimated that the rich evade or avoid £120 billion in taxes every year. Yet some 40,000 HM Revenue and Customs workers have been sacked since 2005. Each worker brings in an average of £1 million in tax every year.

Get on board! March in Manchester Sunday 29 September

Scores of special trains, coaches and car pools will take thousands to Manchester on the day. For details see www.uniteresist.org


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Article information

Features
Tue 10 Sep 2013, 18:56 BST
Issue No. 2370
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