Socialist Worker

News in brief

Issue No. 2499

Tory diktats for Tower Hamlets

Tory ministers have refused to return local democracy to the east London borough Tower Hamlets.

The Tories took control of the council in 2014 and sent in unelected commissioners after former mayor Lutfur Rahman was removed.

Despite a call from the current Labour mayor John Biggs for control to be returned, central government control is set to continue into 2017.

Benefit change robs low paid

Low paid working families on the Universal Credit benefit are set to lose up to £200 a year from this week.

The change to the work allowance component affects tens of thousands of people.

Announced in George Osborne’s last budget, this is the first of a round of £3 billion more in welfare cuts. They will hit around 1 million people by 2020.

Steel buyer is based offshore

THE FIRM that some hail as “the saviours of steel” will be basing the new holding company...offshore in Jersey.

Greybull Capital this week bought Scunthorpe steel works and two mills in Teesside from Tata. The new structure will be called British Steel.

It has “rescued” several companies in recent years such as Monarch airline.

All the companies are held in Jersey, and profits will not be subject to capital gains tax.

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