Socialist Worker

Osborne's rotten recovery

Issue No. 2370

George Osborne’s proclamation this week that the British economy is in “recovery” delighted the City of London.

But his boast rang hollow in the ears of millions who, like Frank Ormston, struggle to get by. Frank is 54 years old and works on the railways in York. He “dreams of retirement” but with a pension of just over £5,000 a year, Frank knows that day will be a long time coming. “I’ll have to sell my house and move somewhere cheaper when I stop work, so I guess I’ll go on for as long as I can,” he says.

Frank’s fears are not shared by 60 year old former energy boss Frank Chapman. Chapman has amassed a pension pot of £22.2 million. It will pay out over £805,000 a year. His biggest problem is what to spend his riches on. Osborne’s talk of recovery can’t disguise the grim reality of Tory Britain—unemployment, low pay, pensioner poverty, and an ever?growing class divide.

Anger at this government of the wealthy is driving thousands to march on the Tory party conference. Why not join them?


Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Mobile users! Don't forget to add Socialist Worker to your home screen.