We’re All In It Together?

The Tories have long claimed that austerity impacts on us all on a fair and equitable basis. Osborne and Cameron believe that the wealthy pay their fair share of tax and contribute to society because of the value they bring. However, scanning through the High Pay Centre’s briefing on executive pay, “The State of Pay”, demonstrates that we are not all in it together and that executives are reaping far higher rewards than they deserve or that of the workers they employ.

The report established that the average pay for a FTSE 100 CEO rose to £4.964 million in 2014, an increase from £4.923 million in 2013. Furthermore the average pay ratio between FTSE 100 CEOs and the average wage of their employees was 148:1. In 2013, the ratio was 146:1. The ratio of FTSE 100 CEO pay to the median full-time worker across the whole UK economy was 183:1 in 2014, up from 182:1 in 2013 and 160:1 in 2010. In contrast only 25% of the 100 FTSE 100 companies are accredited by the Living Wage Foundation for paying the living wage to all employees.

The High Pay Centre concluded that pay increases over the past two decades have not been complemented by increases in company performance. Whilst the government imposes performance pay on public servants and the private sector is wedded to the same ideology, the rationale does not apply to those at the top of the pay league.

Public sector workers are capped at 1% and will not see any increase in their standard of living regardless of the efforts they put in through their work. Inequality, exploitation and low pay will continue. Britain doesn’t just need a pay rise – it requires a complete overhaul of its class relations, which only workers can do.

The Workers’ Party Twitter Feed

GMB express concern over jobs of 146,000 staff; as Walmart sell Asda to billionaire Issa brothers & a private equity company. Asda is priced at £6.8 billion, Walmart will still hold a minority stake; £4b is to be borrowed.
https://www.theguardian.com/business/2020/oct/02/asda-sold-to-billionaire-issa-brothers

Liberals & many on the 'left' exaggerate differences between Trump & Biden; click to see what would make a real difference.
There is no effective “freedom” in a society in which working people live in poverty & billionaires live like parasites.
https://m.facebook.com/story.php?story_fbid=10221826359541925&id=1045558919&sfnsn=scwspmo

Biden opposed moves to rebuild Afghanistan, advising a policy of fighting terrorism in the country. He also opposed withdrawal of US troops, which Trump carried out.
https://tolonews.com/afghanistan/biden’s-comments-rile-afghans-internationals

Arfasprout@arfasprout

@theworkerorguk Which international conflicts has biden spoken more violently than trump on? Evidence please.

Biden's regime will hold on to enclaves in the North East and work alongside Turkish invaders, continuing sanctions against the Syrian government. In general, Biden wants US global leadership, which he sees as being diminished by Trump's inconsistencies.
https://www.atlanticcouncil.org/blogs/menasource/limited-and-constrained-the-biden-administration-and-the-prospects-of-a-syria-policy/

Arfasprout@arfasprout

@theworkerorguk Which international conflicts has biden spoken more violently than trump on? Evidence please.

Biden intends to have tighter sanctions on DPRK, and to have stricter preconditions with respect to engaging on talks. The Democrat's president also intends to strengthen an alliance against North Korea. https://www.reuters.com/article/us-usa-election-biden-northkorea-analysi/biden-on-north-korea-fewer-summits-tighter-sanctions-same-standoff-idUSKBN25G2QO

Arfasprout@arfasprout

@theworkerorguk Which international conflicts has biden spoken more violently than trump on? Evidence please.

Load More...


All text on this site is copyright The Workers' Party of Britain. Established 2006