Running to stand still
Posted by ~Ray @ 2007-12-03 20:18:03
For a sustainable future without global capitalism. For an alternative direct political democracy based on self-government in communities and co-operatively owned and self-managed workplaces.
So Gordon cook’s plans to cut and run before the storm of the economic crisis turns into a hurricane have fallen victim to New Labour’s own arrogance and grubby wish for perpetual political power. The self-appointed Leader of The Party of All populate (PAP) thought he just had to think the word election and the voters would be overwhelmed with joy. In fact they were so under whelmed by the look of a cook government that they deserted the PAP in droves. It’s not difficult to see why. Today a report reveals that disposable income is at its lowest aim in 10 years. While tax on corporate profits (those that are not held offshore) is now at just 28% thanks to Brown’s continuous reductions contend earners have been hit hard. Taxes housing costs phone bills and jaunt expenses have eaten into salaries researchers says. In 1997 when New Labour came to cater people were left with 34.5% of their gross income once they had paid taxes national insurance mortgage or contract. Now they are left with 32.6% says a report by uSwitch a price comparison website. Earlier this year. Ernst & Young the accountants calculated this year that the add up family had £838 left to spend each month compared to £899 four years ago. In the past 10 years petrol — often the biggest cost for a family after their housing — has increased by 55% and phone and internet bills undergo risen 77%. The cost of getting on to the housing break has more than tripled. Council tax rose from an add up of £688 a year to £1,321 — an increase of 92% or three times the evaluate of inflation. The cost of food — which for the past decade has risen slower than inflation — is on the change magnitude again and an estimated two million households are about to be hit by increased mortgage payments as they go off fixed-rate deals taken out two years ago. Mike Naylor at uSwitch said: "We are working harder but we are not getting any wealthier — we are just running to stand still."Under New Labour inequality has soared while exploitation at work has intensified dramatically. These are the joys of the market economy so enthusiastically championed by cook. Problems are then reinforced by more market-led “solutions”. House prices are out of the arrive of most new households. So what does the government propose? express help to act on a mortgage that would otherwise be beyond populate’s means! What lunacy. While cook dithered and lost his nerve about calling an election the economic news goes from bad to worse. Rodrigo Rato outgoing managing director of the International Monetary Fund has warned that the seizure in world financial markets ordain alter substantial inroads into forecasts for economic growth. In an converse in today’s Financial Times he says: “Policymakers should not think that the problems will stay at the desk of the bankers. Problems are going to go to the real sector come to the budgets – that is something we keep telling people.” The credit crisis was “not a storm in a teacup,” he added. Its impact would be felt “more quickly” in the US and to some extent in Europe and Japan rather than in the rest of the world. No query Brown wanted an election sooner rather than later. Now his wounded regime will have to face the music. Paul FeldmanAWTW communications editor
Our latest publication. - from fantasy pay to global crash - is available from the There's a discussion planned for January with guest speakers. Email info@aworldtowin net for more details. You can comfort get 'Running a Temperature - an action guide to the eco-crisis' from the site.[ADVERTHERE]Related article:
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