UK the agony and the ecstasy

Reblogged from Michael Roberts blog at http://thenextrecession.wordpress.com/2014/10/18/uk-the-agony-and-the-ecstasy/ The Bank of England chief economist certainly put the cat among the pigeons with his speech on the British economy on Friday (http://www.bankofengland.co.uk/publications/Documents/speeches/2014/speech764.pdf). Andy Haldane was ‘off message’ from the story painted by his boss, the useless, confusing and grotesquely overpaid Mark Carney (see my post https://thenextrecession.wordpress.com/2013/08/13/a-blind-guide-dog). For months Carney has been going around hinting that the BoE would hike interest rates soon because the UK economy was booming and he wanted to control the racy property market and avoid rising inflation (instead inflation is now slowing fast!). In contrast, Haldane says that he is “gloomier” about the prospects for the economy than he was a few months ago and thinks that rates will have to stay lower for longer. Now Haldane has ‘form’ in being off message and not following the banker’s line. He even spoke to the Occupy movement in the days of the crisis, suggesting that they had plenty of things to complain about and that the banking system was to blame and needed radical reform (see my post https://thenextrecession.wordpress.com/2013/10/31/the-value-of-banking-according-to-mark-carney-and-alan-greenspan/). A little bit more on message was Haldane’s warning that Britain was vulnerable to another round of the Eurozone crisis. This is the line adopted by the UK’s conservative finance minister, George Osborne, who has already suggested any slump in Europe would be the excuse for the downturn in the so-called boom in the UK economy – forecast to be the fastest growing in the G7 this year (see my post, https://thenextrecession.wordpress.com/2014/10/10/draghis-answer-to-euro-depression/). However, Haldane went off message again in his so-called Twin Peaks speech, when he outlined the fault-lines in the UK economy: falling real-wage growth and flat-lining productivity. On wages, Haldane was brutal: “Growth in real wages has been negative for all bar three of the past 74 months. The cumulative fall in real wages since their pre-recession peak is around 10%. As best we can tell, the length and depth of this fall is unprecedented since at least the mid-1800s! This has been a jobs-rich, but pay-poor, recovery.” Haldane has constructed what he called his ‘agony index': a simple index of real wages, real interest rates and productivity growth. In this blog, I have referred to a ‘misery index’, the sum of the unemployment rate and inflation, as an indicator of misery for the average household (https://thenextrecession.wordpress.com/2011/01/29/britains-misery-index/). But in an economy like the UK or the US, where unemployment and inflation have been falling but real wages have collapsed along with productivity and pension returns, Haldane’s agony index is way better. Haldane’s index shows that the British people and the economy have been in ‘agony’ for the longest time since the 1800s, with the exception of world wars and the early 1970s. This is not the sort of thing that the government and Haldane’s boss, Carney, want to hear. But as Haldane said: “The BoE, in common with every other mainstream forecaster, has been forecasting sunshine tomorrow in every year since 2008 – that is, rising real wages, productivity and real interest rates. The heatwave has failed to materialise. The timing of the upturn has been repeatedly put back.” Instead it was a mixed picture of ‘twin peaks’ of agony for average households and ecstasy for richer ones. To add to Haldane’s argument and refuting the line of the government that the British economy is on the road to sustained recovery and fast growth, official figures on productivity growth in the major economies since the Great Recession have been released. Output per hour in the UK was 17% below the average for the rest of the major G7 industrialised economies in 2013, the widest productivity gap since 1992. On an output per worker basis, UK productivity was 19% below the average for the rest of the G7 in 2013. And it is getting worse. UK output per hour fell slightly in 2013 compared with 2012, contrasting with an increase of 1.0% across the rest of the G7. UK productivity levels are about the same as in 2007, but 15% below where they ought to be if pre-crisis productivity growth had continued. And productivity growth matters if overall economic growth is to be sustained. Real GDP growth is a combination of employment growth and productivity growth (output per worker). Employment growth in the UK even with wholesale immigration (and that is going to stopped by a re-elected Tory government) is unlikely to be higher than 1% a year. So to achieve sustained 3% real GDP growth, the minimum necessary to get unemployment down further, reduce the budget deficit and government debt and start to raise real incomes, productivity growth must be at least 2% a year. But instead it is falling. I have discussed the reason for these chronically bad productivity figures in previous posts (https://thenextrecession.wordpress.com/2014/05/07/britain-is-booming/). It’s been a combination of the growth of low value-added self-employment (taxi drivers, cleaners, odd jobbers etc), low skilled part-time, temporary and full-time jobs (Asda, McDonalds, Starbucks etc) and, above all, the lack of new investment in technology to boost the productivity of those working. UK business investment remains in the doldrums, while public sector investment has collapsed (see my post, https://thenextrecession.wordpress.com/2014/02/26/is-the-uks-investment-strike-over/). What Haldane did not say was why there had been such the fall in real wages and a rise in his agony index. It’s because rather than investment to raise productivity, British capital has opted to squeeze wages and cut costs to try and restore profitability. You see, contrary to the view of neoclassical and Keynesian economics alike, productivity and profitability are not the same thing – indeed they are often contradictory. Squeezing wages has boosted the rate of exploitation (and raised levels of inequality). But this has failed to raise UK profitability much. The way to raise profits is by new labour-shedding technology that increases productivity and lowers costs. But British capital is reluctant to invest when it is still burdened with spare capacity in old technology and corporate debt. That needs to be liquidated first – in another slump. There is more agony to come yet.

Zero hours contract scandal

This week the scandal of 0 hours contracts has come to light. Of course this has been known about for a long time but this is something we must fight against. The exploitation of workers and more often than not the young. Below I republish a excellent article in this weeks socialist from Youth Fight for Jobs. We demand real jobs and a living wage The scandal of Sports Direct employing their entire part-time workforce (90% of employees) on zero hours contracts has been exposed this week. At the same time they are paying huge bonuses in the forms of shares to 2,000 staff. But the bonus scheme only applies to full-time workers - mostly supervisors or managers. And managers are apparently allowed to exclude workers from the bonus scheme for 'under-performing'. The workers on zero hours don't know how many hours they will get to work from one week to the next, making it impossible to plan ahead or pay normal household expenses. They are also not entitled to sick pay or holiday pay. This precarious existence is experienced by hundreds of thousands of workers - even the government statistics office ONS admit that over 200,000 are on such contracts and nearly half of those are 16-24. These figures are rising as the bosses pass the effects of their crisis onto the workers at the bottom of the employment pile. A combination of zero hours contracts, plus working hours and bonuses which can be arbitrarily withdrawn as a disciplinary measure, creates a bullying climate of fear in many workplaces. Laurence, a young worker from south London is on a zero hours contract. He told the Socialist: "The biggest things for me are that it makes it impossible to plan what you're doing on a week to week basis. "That means it's socially inconvenient but obviously you don't know what money you'll have anyway. "It's impossible to navigate the benefits system, which is designed for people who are on a fixed income. You can't tell them how much you earn." But there is a fight back. Youth Fight for Jobs has launched the "Are You Sick of Your Boss" campaign. They were protesting in London outside Sports Direct in Oxford Street on 3 August and spreading the protests around the country from then on. Youth Fight for Jobs spokesperson Ian Pattison said: "We won't win proper contracts with guaranteed hours by asking nicely. "Around the country, we will be marching straight into Sports Direct stores speaking directly to staff about how they can fight and strike for better rights and conditions." ________________________________________ Youth Fight for Jobs demands: • Proper contracts, guaranteed hours and full employment rights • Pay us enough to live on • Decent tea and lunch breaks • End 'fire at will' • We won't be used as cheap or free labour • We have the right to get organised at work • Scrap the anti-trade union laws • Build democratic campaigning trade unions • No to benefit cuts • Fight sexism and discrimination in the workplace For more on this see www.youthfightforjobs.com

The true story behind Britain’s unemployment figures

We were told this week that official unemployment jumped-up this week to over 2.5 million in Britain but this is a false figure in many ways. You are classed as employed if you do two or three hours a week that is so called employment. If you are self employed and sell a few things a week that is seen as employed. Also if you don’t sign on for Jobs seakers allowance JSA you are not picked up by the system so effectively not classed as unemployed even though clearly you are the government simply are not aware of you. All this is designed to mask the true figures of unemployment in this country. For a long time the official unemployment figures have defied gravity with the real economic situation seeming to not fit with the labour market figures. I’ve blogged before how much business’s m may be hoarding labour as the cost of re hiring and retraining would be extensive. As the crisis deepens and no sign of a recovery of any real magnitude is forthcoming these workers will be let go. unemployment could be as high as 6.3 million in the UK if a different counting measure was used, highlighting the true scale of joblessness, according to a new report from the TUC. The TUC said the higher figure - more than twice the official total - was revealed using an American measure, which includes people in part-time jobs because they cannot find full-time work and recent redundancies. The jobless total increased to 2.5 million last week and is expected to rise again in the coming months as the cuts deepen. But the TUC study suggested the actual number of unemployed people in the UK could be 6.3 million, which would be higher than any point since the early 1990s. Under-employment, which counts those doing temporary or part-time jobs because they cannot find permanent, full-time work, has risen to a record 1.9 million, according to the research. The TUC said temporary jobs were better than unemployment, but added that they tended to be low paid, insecure and offered little or no career prospects. Officials called on the Government to acknowledge the scale of the jobs "crisis" rather than repeat the "ill-informed" claim that there were plenty of jobs available. This jobs crisis is not confined to those out of work. Nearly two million people are being forced to take low-paid, insecure, short hours jobs because of the lack of proper full-time employment. This means people are taking home much less pay, which is putting a real strain on family budgets. "When ministers say there are plenty of jobs out there, they are ignoring the sheer numbers of people looking for work, as well as the suitability and location of the jobs available. "Rather than seek to blame unemployed people for being out of work, the Government should start helping them by putting proper resources into employment schemes. The report followed a study by the Chartered Institute of Personnel and Development which showed that job prospects are set to worsen in the coming months as firms make workers redundant. A survey of 1,000 employers also revealed a further widening of a North-South divide in the jobs market. There are 600,000 more people working part-time who say they want to work full-time, compared to three years ago, said the organisation. Graeme Cooke, IPPR Associate Director, said: "Every month that goes by, the urgent need for the new Youth Contract continues to grow. It is now almost a year since the Future Jobs Fund stopped giving young people a job guarantee after a year of unemployment. "The next priority should be areas of the country experiencing the combination of both high unemployment and a low number of vacancies, while the prospects of those over 50 and unemployed for more than a year are also of serious concern. "The longer someone is unemployed, the less likely they are to ever return to work. Being out of work for more than a year can have a scarring effect, making it harder to get a job as well as having a negative impact on one's health and well-being. This means that even when employment starts to pick up again, they will find it hard to compete with other jobseekers and could find themselves permanently shut out of the jobs market.

Are you sick of your boss? Youth fight for jobs say enough is enough!

Youth Fight for Jobs have a new campaign launched a month or so ago now called sick of your boss. It is aimed at all those young people who are not in a trade union in particular to organise the youth. If you’re in a low paid dead end job or in and out of work and at your boss’s mercy all the time this campaign is for you. Youth Fight for Jobs is launching the Sick of your Boss initiative. There are many many young people who make-up part of the rapidly growing so called ‘precariat’. ‘Hannah Parker’ (pseudonym), 21, a young pub worker and supporter of Sick of your Boss, said: “I’m attending the Sick of your Boss London launch events, because I’ve had enough of low pay, insecurity and dead-end jobs. I’m a graduate in Social Policy and want the chance to use my skills help people, but since finishing university I’ve been pulling pints with no prospect of moving on. Like thousands of young workers I face appalling conditions on a day to day basis. Last week I was called a bitch by a customer, but my manager told me I still had to serve him. I don’t get my rota for the week’s work until Sunday evening. I have to work until 2ARE and then start again at 9AM the same morning! I now know that this is actually illegal. My erratic hours mean I can go 24 hours without eating. My company makes millions and my managers always talk about their bonuses, but they won’t pay me or my colleagues a penny more than the minimum wage.” Ian Pattison, Youth Fight for Jobs spokesperson said: ‘George Osborne’s successive budgets of cuts and misery threaten to leave behind a ‘lost generation’. On top of the 1 million unemployed youth at least another million are underemployed in insecure, low paid, part-time and temporary work. Osborne’s budget cut corporation tax for companies engaged in super-exploitation of young workers. But we will still face soaring living costs, benefits slashed and public services cut to the bone. Who will be hit hardest by this budget? Young people, workers, the poor and the vulnerable. It’s time to fight back.’ ‘Hannah Parker’ and Ian Pattison are available for interview. Youth Fight for Jobs was launched on 2009 in response to rising levels of youth unemployment. We have recently completed the 330 mile Jarrow March for Jobs. Youth Fight for Jobs hit the headlines in 2012 for campaigning against ‘workfare’. We are supported by the Unite, PCS, RMT, CWU, UCU, FBU, BECTU and TSSA trade unions. For more info you can contact Youth Fight for Jobs on 020 8558 7947 or 07749379010, email youthfightforjobs@gmail.com, and follow us on twitter @youthfight4jobs

Thatcher is dead! Now bury her legacy of cuts, poverty and unemployment.

A breaking news story broke on my twitter feed earlier just before lunch today. The news that former prime minister and enemy of the working class Margret Thatcher had passed away in the early hours of the morning from a stroke. She passed away peaceful. I am not celebrating her death but I can fully understand the feeling many have towards her. I grew up after she left office so never knew what it was like but I can fully appreciate the anger, the hate and division her reign created. I knew this day was coming and the outpouring of emotion from many I know is huge a sense of anger relief, jubilation even and a lot of Tories pouring praise on her legacy of course. The BBC has gone into over drive giving anyone who was anyone around her a platform to tell us how great she was despite ruining British industry, driving many into poverty and dividing people long before this current con-dem government were around. I don’t ever celebrate anyone’s death as a rule but I c can understand the sheer detesting people affected by her policies ex miners, mining families and all those affected I feel total solidarity with today. The feeling from many in the media will be a sense of sadness as one of their own passes away but I am sure hoping she doesn’t get a state funeral it just would be an insult to many I feel. We must be aware that the liberals will be out in force too crowing about we should respect her legacy yet I also think we must appreciate the level of emotion wrapped up in her passing. She divided us beyond imagination. Yet we face a similar government today determined to go further than Thatcher ever dared. This must be on our minds while thinking of her demise. The 8th of April will be remembered for the day the iron lady was no more. From the poll tax to the miners strikes to the riots to the destruction of British industry her legacy won’t be forgotten in fact the current crop of Tories and new labor are carrying on her ideas today. The woman is dead yet her ideology lives on. We must not celebrate too much but redouble our efforts to eradicating her ideas of individualist ion and fight for socialist change for a society which can benefit the many not just the few wealthy individuals.

Could you live on £53 a week?

That is the challenge for many people who are unable to find work in this recession. £53 is nothing really when you have to pay the b ills for gas, water and electricity not mentioning feeding yourself and heating your home. There is simply no way you can live on this alone. Yet Iain Duncan Smith is telling those who can’t find jobs that £53 a week is a cushty lifestyle and they should be grateful for even this. Putting it into perspective at how generous this really is JSA in the UK is 18% of average wage, compared to Germany's 35%, France's 47% & Sweden's 68% This is simply not a lifestyle you would choose if you had the choice. An incredibly fast growing petition has been set up by someone who thought they’d challenge IDS to live on £53 a week the link to this is below http://www.change.org/en-GB/petitions/iain-duncan-smith-iain-duncan-smith-to-live-on-53-a-week Those who are on JSA take it as a way of getting by and getting by is all it gives you an existence not a life. You cannot live the life of luxury like the Tories seem to think. But then when you’re so disengaged from reality of life in poverty and have never had to struggle in your life then no wonder you’d think benefits are generous. It is a clear out and out contempt for the poor. This is blatant class warfare where we need the labour movement to answer this in a robust fashion drawing the links and common ground between that in work and out of work. Over 60% of those on benefits are actually in work according to the DWP taking tax credits to top up crap pay. We wouldn’t need working tax credits if we all had a proper decent lovable wage not just a living wage of a tiny bit more than minimum wage. But IDS people will not take this laying down the uptake in this petition now touching quarter of a million signatures shows the strength of feeling against the Tories and their attacks on the poor. Let’s not just call for IDS to try living on £53 a week let’s get rid of him and his government of millionaires once and for all!

successful socialist party 2013 congress

Just over 300 delegates and visitors took part in a very successful Socialist Party annual congress in Clacton-on-Sea from 2 to 4 March. The congress, the Socialist Party's main decision-making body, showed a party deeply involved in and often leading working class struggle in the areas, workplaces and unions where members are based. Congress provided the opportunity for delegates, elected by party members in branches throughout England and Wales, to discuss and vote on resolutions covering the main political issues in Britain today, and the work of the party. The enthusiasm to participate in this vital process was reflected in the numbers who wanted to contribute - with most sessions over-subscribed. Here we report on four of the sessions. Resolutions and amendments had been submitted by the party's national committee and by many of the branches. The resolutions agreed will serve as guidelines for the party's work in the coming year. In keeping with our democratic traditions a national committee was elected to lead the work of the party in between this congress and the next. Steve Score, regional secretary for the East Midlands, made the appeal for fighting fund and congress raised a very impressive £10,843. Sacrifice and commitment to the struggle for socialism and internationalism was again in evidence when Clare Doyle from the Committee for a Workers' International, the CWI world socialist organisation to which the Socialist Party is affiliated, made an appeal for funds to support our sister organisation in South Africa. This raised over £5,000. Over £300 a month of increased monthly donations (party members' subs) were also pledged. A moving memorial tribute to Robbie Segal and Roger Mackay who died last year was made by Bill Mullins, former industrial organiser. Visitors from sister sections of the CWI in Greece, Scotland, and Ireland contributed to the debates. The congress concluded with a very inspiring report of the work of other sections of the CWI. With CWI members in 49 countries - CWI general secretary Tony Saunois couldn't report on all of them - but his report touched on Europe, the US, Brazil, Pakistan and Tunisia, among many others. Capitalism 'has failed and has to be changed' Sarah Sachs-Eldridge "Portugal has entered a recessionary cycle that has no end in sight. [...] Worst of all, people have no reason to believe the future will be any better. The programme has failed and it has to be changed." Introducing the first session at the congress, Peter Taaffe, Socialist Party general secretary, quoted the Portuguese daily Público. But, as Peter and the discussion which followed showed, Portugal is far from alone in the recessionary cycle and it is capitalism that has failed and has to be changed. Devastating facts and figures stand testimony to the parasitic nature of 21st century capitalism: Peter reported that by 2020 the world's financial assets will outbalance its gross domestic product by ten to one. There will be $900 trillion of financial assets, compared to $90 trillion of GDP. According to the Economist the result will be a world economy "structurally awash with capital - and a corresponding shortage of places in which it can be invested". In this situation pro-big business governments across the world have legislated for mass privatisation of public services. Of course this leads inexorably to a social catastrophe but the capitalists demand a super-profitable outlet for their cash piles. Robin Clapp, regional secretary for the South West, among others, pointed out how none of the problems which led to the financial crash of 2007-8 have been solved, far from it. Robin quoted IMF boss Christine Lagarde when she expressed in passing the largely unspoken fear of the capitalist class: that they may have underestimated the cost of inequality. Examples of the impact of prevalent gross inequality were mentioned by many speakers: homelessness in Athens, the capital city of Greece where the crisis in Europe is most developed, has skyrocketed to 40,000, up from 2-3,000 two years ago. Katarina from Xekinima, the CWI in Greece, told a heart-breaking story of five university students who, among the thousands who can't afford to buy fuel, attempted to heat themselves with a homemade fire. Two died and three are in a coma with carbon monoxide poisoning. Leadership But the working class does not yet have mass parties with a leadership to draw the necessary conclusions from this - that there is no solution on the basis of capitalism and a struggle for power must be conducted to stop the ruthless destruction of living standards. A member who has participated in events in Egypt spoke about how the working class did make a revolution in 2011, only to see it stolen from them by the Muslim Brotherhood. However, the recent movements in both Tunisia and Egypt show that the working class has not given up on the idea of struggle. He explained that socialists must do all they can to increase the confidence of the working class to act as an independent movement for itself. The working class in Italy, a frontrunner in the closely fought contest to be the 'sickman of Europe', as Elaine Brunskill, Northern regional secretary, explained, has just registered its opposition to on-going austerity in the elections there. Clare Doyle, from the International Secretariat of the CWI, and Gianni, a new Italian member in Bristol, spoke about the Five-Star Movement of Beppe Grillo. Among its 25% vote are millions searching for a political voice for the working class. Danny Byrne, who is working with Socialismo Revolucionario, the CWI in Spain, spoke about the intensification of struggle there against eye-watering cuts to living standards. Such is the level of resistance that it is necessary for the SR to demand that the IU united left party and the left nationalist parties build a united front on the slogan of power to the working class. Moves towards building a new leadership for the working class are most advanced at this stage in South Africa. There the life or death struggle of the miners' mass strike movement indelibly etched the need for a new mass party of the working class in the minds of those involved. The Socialist Party's sister party, the Democratic Socialist Movement, was involved in the struggle and able to make conscious this urge and help form the new Workers' and Socialist Party. Alec Thraves introduced himself as the "revolutionary ambassador" from South Africa after his recent visit with Peter. He had the congress hanging on his every word. He reported his trepidations about visiting crocodile-infested Limpopo. On arrival the would-be predators were in the form of local discredited ANC councillors attempting to obstruct a DSM meeting. Far from being intimidated the determined members used the opportunity of the meeting to pledge to build a hundreds-strong organisation - in that region alone. Danny and others commented on the complications of the national question that are emerging - which in reality can be workers' expressing the need for fundamental change to the capitalist system. In replying to the debate Lynn Walsh, editor of Socialism Today magazine, explained that the crisis in the EU showed how capitalism was incapable of overcoming the limitations of the nation state. He also reiterated that the present crisis is a deep structural crisis and that capitalism cannot be reformed into a better fairer system. In the post-war period the existence of the planned economy in the USSR, ie an alternative model (in our view not socialist due to the absence of workers' democracy), helped the workers' movement in the west to force concessions out of capitalism and there was a certain redistribution. But since the collapse of Stalinism triumphalist capitalism has shown its true parasitism - even the capitalists have given up on the idea that they can overcome their system's problems. 'We won't be a lost generation' Bob Severn "The conditions faced by young people today are creating a powder keg that could explode at any time," said Socialist Party national youth organiser Claire Laker-Mansfield, when introducing the discussion on youth and student campaigning. There have already been explosions - student protests against £9,000 fees and EMA cuts in 2010, the riots in 2011, the Occupy! movement. The lack of a strategy by the National Union of Students contributed to the 2010 movement dissipating, but anger is now swelling against the results of the Con-Dems' higher education policies. Jack Poole reported on meetings, protests and an occupation at Sussex Uni against privatisation and job cuts. Kyle Williamson reported on the Socialist Students campaign against the University of East London's "three strikes and you're out" draconian attendance policy. Edmund Schluessel from Swansea University spoke on why he and Neil Moore from Belfast Metropolitan are standing for the NUS executive elections. They are the only ones proposing that NUS organises a mass national student demo. Many others reported on how Socialist Students' campaigning record and openly socialist programme were winning improved votes in local union elections and higher number of NUS conference delegates for over a decade. Mike from Leeds explained that the small drop in unemployment figures hid the rise of insecure and low-paid jobs. Ian Pattison, Socialist Party youth organiser, in his reply to the debate, reiterated how young people often expect such jobs to be stop-gaps but, with no decent jobs available, they become permanent fixtures. This is why Youth Fight for Jobs is launching the 'Sick of Your Boss?' initiative to fight for basic rights - such as breaks, decent pay - and trade union rights. Matt Whale from Hull said there was an "instinctive togetherness" among young people, with the potential to unionise workplaces and find new, combative, union branch and workplace leaders. The highest support for the 30 November 2011 public sector pensions strike was among young people. Jamie from Cardiff spoke about getting a fast food job and how, with support from Socialist Party members, unionisation could be possible. Call-centres are today's equivalent of 19th century 'dark satanic mills'. Tracy Edwards, a full-time organiser for the PCS civil service union, reported that there was now 95% union membership at HMRC call-centres. There, young workers are fighting to improve the "crap" conditions, with gains won on flexible working hours. The young Socialist Party members who spoke in this session showed how fighting for a decent future means fighting for a socialist alternative to the profit driven capitalist system. At least 40% of young people are either unemployed or underemployed 1 in 28 workfare programme participants have become employed as a result Britain: beware volcanoes of anger below the surface Dave Carr What are the key economic, political and social issues which will shape Britain in the coming months? In particular, what effect will the recessionary crisis, government austerity measures, and the trade union leadership have on workers' struggles and hence, the campaigning work of the Socialist Party? Socialist Party deputy general secretary Hannah Sell introduced the session by making the point that although the scale of the capitalist crisis and class struggle in Britain is not on the level of southern Europe there is, nonetheless, a groundswell of anger beneath the surface which could explode at any time. Delegate Jim Thomson, in the discussion, characterised 2012 as "the year of them and us". Even if the road to widespread struggle, including general strikes, is blocked at this stage by the right in the trade union leadership, local struggles are still breaking out. Hannah pointed to the recent large protests over the NHS and council cuts and anger over the 'bedroom tax'. These issues were added to in the discussion with contributions from Claire Job, Roger Keyse, Gavin Marsh, Phil Culshaw and others. Evidence of anger at the rotten political establishment and the widening inequality in society abounds. However, in the absence of a mass working class political alternative such anti-establishment sentiments can be hijacked by parties such as Ukip who promote divisive anti-migrant worker policies and right-wing nationalism. At the same time they, and the capitalist-owned press, present themselves as a repository for protest against the hated main parties. Despite the government's credit rating downgrading and the deepening unpopularity of the coalition, it's 'business as usual' for Chancellor Osborne as far as continuing austerity is concerned. Big business also wants the government to persevere with this failed policy. British capitalism is ailing and all the 'fixes' of quantitative easing, more bank loans, a devaluing currency, etc, are not reviving the economy, which continues to flat line. But why then is UK unemployment not as high as elsewhere in Europe? This is partly due to government measures bolstering 'zombie' companies. But it is also due to 'labour hoarding', in the false hope that this is a temporary crisis, while cutting workers' pay and conditions. There has been an increase in part-time casual work and people abandoning the jobs search and registering as self-employed. Young workers Helen from east London spoke about how young people, at the sharp end of this process, are being politicised by it. Having done what they were told, studied hard, they find themselves struggling in rotten jobs with no hope of anything better. This can lead to more young workers drawing the conclusion that they will have to organise and fight to improve their working conditions. Politically, Cameron is also under conflicting pressure over Europe, migration and 'modernising' the Tory party. Many of his backbenchers want out of the EU in a referendum and also oppose same sex marriage. Big business largely opposes leaving the EU. The Tories' third place in Eastleigh will increase this pressure. And as the fault lines deepen between the Tories and Lib Dems in the Coalition, a government collapse still couldn't be ruled out. The independence referendum in Scotland can provide another complicating factor. Although Labour retains its lead over the Tories in opinion polls there is little enthusiasm for Labour among working class people. And, as Hannah remarked, the Labour leadership's continued commitment to cuts may mean they are not be able to marshal the anti-Coalition mood at the next general election, which could still take place before 2015, such is the instability in the situation. Nick Chaffey pointed out in the discussion that Labour spectacularly failed to pick up the opposition protest vote in the Eastleigh byelection. Despite this many trade unions continue to financially back Labour as the 'only show in town'. However, some militant sections of the organised working class understand the need to construct a new mass left formation rooted in the trade unions. In replying to the debate, Clive Heemskerk dealt with amendments to the national committee's document on Britain and resolutions, including on the 2014 European elections. Clive pointed out that, at bottom, the EU exists to facilitate the multinationals at the expense of the working class. Indeed, neoliberalism is enshrined in its constitution. Ukip may well make gains in this election but it is not guaranteed that it will remain the receptacle for the growing protest vote. Encouraging trade unionists and anti-cuts campaigners to stand for the Trade Unionist and Socialist Coalition can help to make the case that workers should represent themselves. Nancy Taaffe referred to the magnificent 30% vote for the Socialist Alternative candidate in Seattle last November. She reported that CWI supporters had initially underestimated the support, even within the Obama vote, for socialist policies until a stand was made. The session made clear that, while we may be in a temporary and relative lull in the class struggle, we must be prepared to play an increasingly important role in a situation that can change rapidly. Let's build on our successes Sarah Wrack An excellent Party Building session introduced by Judy Beishon and replied to by Jane James, both from the Socialist Party's executive committee, showed that in many areas of the country and in many types of work, the Socialist Party is going forward. Judy pointed out that we have more Socialist Party branches meeting more regularly and with bigger meetings than at the same time last year. She also suggested steps that could be taken by branches, as well as by the national centre to continue our growth such as assistance with Marxist education. All branches should have a strategy for developing in size and influence, setting targets as a guide. The discussion made clear that the 'year of the branch' launched at last year's congress had a big effect in many areas. JP from Coventry informed congress of the launch of the new Coventry North branch and Tom from Bristol outlined steps taken by the three Bristol branches, such as having a day time activity team and regularising the Bristol district committee meetings. Socialist Party branches are thinking hard about which campaigns they focus on. Some suggestions were made. For example Chris from Stroud raised the idea of organising opposition rallies around the country when the Health and Social Care Act comes into force in April. Several speakers spoke about work among specific groups. For example, Mary from Walthamstow talked about campaigning at colleges and suggested trying debates and outdoor meetings. Becci from Nottingham described how the Rape Is No Joke campaign and other initiatives Socialist Party members have taken part in can attract women. Senan outlined the important work being carried out by Tamil Solidarity, especially making an appeal for trade unionists to attend the 20 April conference (see www.tamilsolidarity.org). The vital need for finance was also an aspect of the discussion. Dave, fighting fund organiser for Llanelli and West Wales branch, said that the key to their success has been taking the attitude that "nothing short of meeting the target is acceptable". Two thirds of their fighting fund comes from supporters of the branch's campaign in opposition to NHS cuts. Producing and selling a pamphlet on historical struggles in the local area also helped. Dave also suggested Socialist Party members keep their eye out for any money-raising opportunity - he rents his garage out for £20 a month for the fighting fund. The session was supplemented the following day by a separate discussion on the role of the Socialist. Congress agreed that 2013 will be 'the year of the paper'. See future issues for details of this.

Work? What work? Work programme failing as economy tanks

With the DWP’s own figures out today and a startling figure whatever you think of the pro’s and con’s to the work programme has seen only 3.53% of those who were enrolled on the work programme in finding employment. That is staggering what a huge fail by this government and the previous gov who brought in the programme to help get people back to work. It’s clear to me at the time and also now that you can’t get people into jobs that do not exist. The right scream benefit scroungers and work shy but its clear there simply isn’t the jobs out there for people to get into. • Work Programme was launched nationally on the 1 June 2011 and replaced Flexible New Deal. • Work Programme official statistics on outcomes were released for the first time at 9.30 on 27 November 2012 by the Department for Work and Pensions (DWP). • The latest Work Programme official statistics on referrals and attachments were released on 7th November 2012. Work Programme Official Statistics The latest official statistics on Work Programme include figures to the end of July 2012. Key points from the latest release are: • The total number of job outcomes paid to providers from 1st June 2011 to the end of July 2012 is 31 thousand; • The total number of referrals and attachments to the Work Programme from 1st June 2011 to the end of July 2012 are 878 thousand and 837 thousand respectively Just 3.7% of people referred to workfare found work and just 2.3% kept jobs. This backs up the socialist party and Youth fight for jobs views at the time that we still need real jobs that pay a living wage for young and old people to live on. 0 hours contracts which I know many people on are not sustainable and are unreliable and poorly paid. If this is the Tories idea of getting the economy moving again there is real trouble ahead. The poor figures are more indication of a government in denial about its strategy of cuts and austerity. The work programme was never designed to get people back to work it has been used as a stick to beat the unemployed with and to demonise them as scroungers if they fail to get work and remain on benefits. It’s an awful system and something which capitalism loves your unpaid labour for nothing this is pure gold to a capitalist not even having to pay for their workers subsistence. Quite clearly we need to demand real jobs with a living wage, socially useful jobs that can help meet people needs not dead end jobs which give you nothing at the end of it.

24 reasons for a 24 hour general strike

Below I will describe 24 reasons as to why we need a 24 hour general strike to bring down this gov or at least start the fightback to doing so. So without any further waiting1 1.. the carving up of the welfare state by this con-dem government. The biggest cuts we’ve sen to welfare for a generation. 2. The privatisation and the passing of the health and social care bill meaning an end to the NHS as we knew it. 3. The trebling o tuition fees, enough to rile any young person today university tuition fees now are on average 9K a year. 4. Slashing of EMA for young people to stay on and get an education. 5. Over 1 million young people are now unemployed no thanks to this government of Tory millionaires. 6. The criminal slave labour workfare scheme making young people work for nothing to get their benefits. 7. 5 million officially on the housing waiting list and very few truly affordable council homes. 8. While the poor get poorer the rich get richer every week. Gap of weather between the very rich and very poor widening under this gov unlike any other gov . 9. The continued use of ATOS by this government assessing disabled people driving many to suicide due to the stress of it all. 10. Public sector pensions cut we’ll now be working longer, paying more and getting less for it. 11. cutting of housing benefit to those under the age of 25 making it near on impossible for young people to find home of their own let alone afford one. 12. new food banks are opening up every week in Britain, this is not widely reported but is a absolute disgrace, Not that they are opening to help those in need but the fact that we are one of the richest nations in the world and still yet have food banks. 13. Rising unemployment and those who are under employed in total that figure looks more around the 6 million mark a shocking statistic whatever way you look at it. 14. A slash and burn culture on our employment rights. Tories wish to be able to sack us on the spot to improve competitiveness in the private sector. This is all about driving down wages, terms and conditions. 15. Pay day loan sharks. Wonga, the pay-day loan company, saw its profits almost treble last year to £45.8 million. The number of people seeking a loan from Wonga to bridge the gap between stagnant wages and rocketing bills and food prices, has quadrupled. With an interest rate of 4,214% APR, Wonga and companies like it trap people in a poverty cycle for years. 16. A massive plan to privatise almost everything that moves. Including our NHS, police, Ambulance services, local council services, Bus’s, trains you name it al to their rich mates in the private sector to make a nice quick buck out of. 17. The news international and Murdoch scandals phone hacking and the closeness of politicians to the media and the police is beyond comprehension. Corruption goes deep at the heart of the establishment in Britain. 18. Only an estimated 15% of the cuts have been made making another 85% still to come a fight back is needed now to stop the cuts in their tracks before the rest rain down on us. 19. The Libor fixing rate affecting millions of workers 20. Government-instigated hate campaigns against the disabled and unemployed 21. Banks laundering drug money 22. Still billions being wasted on pointless wars in Afghanistan where our troops are being needlessly killed and for what? British imperialism. Troops out now. 23. PCS estimate 120 billion pounds goes evaded every ear by big business and corporations this could pay for most if not all of the deficit in one fail swoop, Tax the rich or take their wealth off them for good. 24. Together we can win. If we stand together fight together fight every cut up and down the land we can win. But we must have an alternative and that alternative must be a fight to end capitalism for good replacing it with democratic socialism. Of course there are far more reasons for a general strike like the disgusting closing and treatment of the Remply workers and the attacks on education by Michael Gove such as Free schools, academies and the changing of the GCSE marking which are all fair enough reasons to strike against this gov. The need for a serious and determined resistance is clear - which is why the historic vote by the TUC to pass the POA prison officer union's motion is so important. It called for "coordinated action where possible with far reaching campaigns including the consideration and practicalities of a general strike". This offers us a way to take on the Con-Dem cuts. The Socialist, a weekly paper of the Socialist Party, is 100% committed to backing and building the campaign to make this happen. We back the likes of Bob Crow, Mark Serwotka and others who have called on the TUC to now name the date for as soon as possible after the 20 October demo.

Come to “organising a lost generation” Youth fight for jobs national meeting 10 June

Organising the lost Generation

As you may or may not have seen on the news today further embarrassment for the government and their flagship workfare scheme of slave labour as news of around 30 unemployed people were forced into a terrible ordeal all in the name of the jubilee celebrations.

Some of those hired as stewards had to spend the night before the pageant sleeping under London Bridge.
A group of long-term unemployed jobseekers were bussed into London to work as unpaid stewards during the diamond jubilee celebrations and told to sleep under London Bridge before working on the river pageant.
Up to 30 jobseekers and another 50 people on apprentice wages were taken to London by coach from Bristol, Bath and Plymouth as part of the government's Work Programme.
Two jobseekers, who did not want to be identified in case they lost their benefits, said they had to camp under London Bridge the night before the pageant. They told the Guardian they had to change into security gear in public, had no access to toilets for 24 hours, and were taken to a swampy campsite outside London after working a 14-hour shift in the pouring rain on the banks of the Thames on Sunday.
One young worker said she was on duty between London Bridge and Tower Bridge during the £12m river spectacle of a 1,000-boat flotilla and members of the Royal family sail by . She said that the security firm Close Protection UK, which won a stewarding contract for the jubilee events, gave her a plastic see-through poncho and a high-visibility jacket for protection against the rain.
Close Protection UK confirmed that it was using up to 30 unpaid staff and 50 apprentices, who were paid £2.80 an hour, for the three-day event in London. A spokesman said the unpaid work was a trial for paid roles at the Olympics, which it had also won a contract to staff. Unpaid staff were expected to work two days out of the three-day holiday.
The firm said it had spent considerable resources on training and equipment that stewards could keep and that the experience was voluntary and did not affect jobseekers keeping their benefits.
The woman said that people were picked up at Bristol at 11pm on Saturday and arrived in London at 3am on Sunday. "We all got off the coach and we were stranded on the side of the road for 20 minutes until they came back and told us all to follow them," she said. "We followed them under London Bridge and that's where they told us to camp out for the night … It was raining and freezing."
A 30-year-old steward told the Guardian that the conditions under the bridge were "cold and wet and we were told to get our head down [to sleep]". He said that it was impossible to pitch a tent because of the concrete floor.
The woman said they were woken at 5.30am and supplied with boots, combat trousers and polo shirts. She said: "They had told the ladies we were getting ready in a minibus around the corner and I went to the minibus and they had failed to open it so it was locked. I waited around to find someone to unlock it, and all of the other girls were coming down trying to get ready and no one was bothering to come down to unlock [it], so some of us, including me, were getting undressed in public in the freezing cold and rain." The men are understood to have changed under the bridge.
The female steward said that after the royal pageant, the group travelled by tube to a campsite in Theydon Bois, Essex, where some had to pitch their tents in the dark.
She said: "London was supposed to be a nice experience, but they left us in the rain. They couldn't give a crap … No one is supposed to be treated like that, [working] for free. I don't want to be treated where I have to sleep under a bridge and wait for food." The male steward said: "It was the worst experience I've ever had. I've had many a job, and many a bad job, but this one was the worst."
Both stewards said they were originally told they would be paid. But when they got to the coach on Saturday night, they said, they were told that the work would be unpaid and that if they did not accept it they would not be considered for well-paid work at the Olympics.


This is just the most recent incident of unemployed people being exploitive for their benefits. This is not on and Youth fight for jobs along with others will be stepping up our opposition to these schemes and the battle against workfare is far from over. I for one feel the government is going to push ahead even more with this scheme as they frankly have no other idea of how to provide decent jobs for young people. YFFJ calls on all that oppose workfare to help to organize a national demonstration against workfare not as a substitute to weekly protests in regional areas but as a way of bringing it to the fore again. Its time workfare was smashed once and for all.
We demand decent jobs with decent pay as a demand towards decent future for young people.

Also come to this meeting to hear what YFFJ will be planning to do in the next year building for a national demonstration in the autumn against fees and cuts and also how young people can get involved in the TUC’s October demonstration planed. That and much much more this coming Sunday.

Speakers include:
Occupy Home Minnesota campaigner
Helen Flanagan, Public and Commercial Services union, National Executive Committee member
Suzanne Beishon, Organizer Young Londoners Forced out campaign
Sunday 10th June 10:30 AM – 16:00 PM
Venue:
University of London Union,
Malet Street,
London,
WC1E 7HY

Youth unemployment figures up today, gov still with no plan for more jobs

So today we have learned unemployment rate for those aged from 16-24 up by 0.8 on the quarter to reach 20.6% the highest figure since records began in 1992. Very worrying neews indeed for those young people struggling to find a job out there today.

I am a socialist and the socialist party has a excellent campaign that has been going for sometime now and is becoming ever more rellevant as the months tick by. Their demands are simple
THE RIGHT TO A DECENT JOB FOR ALL, WITH A LIVING WAGE OF AT LEAST £8 AN HOUR
NO TO CHEAP LABOUR APPRENTICESHIPS! ALL APPRENTICESHIPS TO PAY AT LEAST THE MINIMUM WAGE, WITH A JOB GUARANTEED AT THE END
NO TO UNIVERSITY FEES. SUPPORT THE CAMPAIGN TO DEFEAT FEES.

The last point there is very telling as we see week by week each university coming out and announcing it will be charging the top rate of 9 thousand pounds a year tuitian fees. This is despite the government telling us this price would be the exception not the norm.

Take Hull in yorkshire one of the worst areas in teh country for youth unemployment.

Welcome to Hull - capital of youth unemployment. Where 50% of young men leave school without a single A*-C grade GCSE. Where chlamydia, gonorrhoea and teenage pregnancy are at the highest levels in the country. Where youth services face being slashed by 75%. And where 40% of people are employed by the city council which is about to cut 1,350 jobs.

The young people of this city have been abandoned. The Lib Dem council is in charge of a budget that is supposed to provide for some of the neediest young people in the country, yet they see fit to cut their provisions to barely a quarter of the already inadequate funding.

Young people in Hull will lose their youth centres, their sexual health clinics, their after school clubs, their EMA and the Learning Zone, a ten week course based at the KC stadium with local rugby and football teams.

Even the shining star of youth provisions, the Albemarle Music Centre, hasn't escaped the axe. 600 young musicians a week use this centre. It is home to the Yorkshire Young Musicians and the Hull Philharmonic orchestra, as well as 18 other musical ensembles. However, the centre will lose all of its funding.

There is huge anger about the impending cuts. It even triggered a youth-led demonstration during half term. Hundreds of young people and youth workers protested outside the city hall, outside the train station and outside the guildhall, with young people from the Albemarle staging musical protests at each location.

However, this will not be enough. The council will stand firm, despite the pressure of thousands of workers, youth and trade unionists protesting already. The only alternative being offered in the council chamber is a Labour group wanting to cut salaries rather than lead a real fightback.

Hull Youth Fight for Jobs will be joining the march from Jarrow to London in October to call for a better future for young people. We want action from the government to provide jobs, training and decent welfare.

To get involved with any part of the march or for information on other ways you can help see www.jarrow2london2011.wordpress.com


aswell as Hull there is Lewisham in south London one of the most deprieved areas in the whole of the country and again it is having its budget cut by labour and the tories by a huge amount. It is outrageous that those who need the help most will not get it no longer.

New figures show that Lewisham has the highest level of youth unemployment in Britain with 35.8% of 16-24 year unemployed in the borough. Due to cuts in funding from the council services for unemployed youth will close their doors. Within the next month Connexions and Opening Doors will close down.

The lack of common sense from Lewisham council is astounding. It is outrageous that at the same time as these figures coming out they refuse to provide the funding necessary to keep these vital services going. Many young people rely on services like Connexions and Opening Doors to help them out of the misery of unemployment.

We say that councils should be funding services to create work and keep people off the dole queue. We are holding this demonstration to show the council and the ConDem government that young people won't take attacks on our futures lying down. We won't be a lost generation, we will fight for real jobs and a decent education.


Lastly i'd just like to bring to peoples attention the Jarrow march that is taking place this October i myself will be helping out with this if i can as the route comes into our area and would love to show solidarity with the youth marching to London to protest about the lack of jobs for the youth of today.

This October will mark the 75th anniversary of the Jarrow March against unemployment. Recent figures have shown that the issue of unemployment still exists especially amongst youths. At present there are 965,000 16-24 year olds who are unemployed.

Youth Fight for Jobs will bring the issue right to the fore by holding a march from Jarrow to London, starting on 1 October and ending on 5 November. We will be holding the protest to demand decent jobs and a free education for young people.

Youth Fight for Jobs, National Organiser Paul Callanan says: "Young people now face the worst attacks on our rights and living standards we've seen in generations. The government is determined to push through cuts that will limit opportunities for youth even further. They also want to see unemployed youth used as slave labour for big business by putting people on work for dole schemes. With the brutal attacks being made on the right to an education as well, we really feel that every avenue is being closed off for people who want a decent future.

"We will be marching from Jarrow to London in October to show this Con-Dem government that we will not see all the gains made by working class people over the last century blotted out of existence. We want to put the issue of youth unemployment right at the top of the agenda. As well as the march we will be building protests, demonstrations and rallies up and down the country in solidarity with the march, with the aim of linking up student activists, trade unionists, those fighting against the cuts and the unemployed.

"This is the time for young people to say; "we won't be a lost generation! Fight for jobs and education!"

An unemployed generation

So today the figures were out on unemployment and yet again these figures dont make good reading for anyone be e you a government minister or a young person looking for a job.

UK unemployment rose by 44,000 to almost 2.5 million in the three months to the end of December, the Office for National Statistics (ONS) has said.

Youth unemployment rose to a fresh record high, with more than one in five 16 to 24-year-olds out of work after a rise of 66,000 to 965,000.

The unemployment rate is now 7.9%, with youth unemployment running at 20.5%.

The number of people claiming Jobseeker's Allowance also increased, by 2,400 last month to 1.46 million.

Prime Minister David Cameron said unemployment, particularly among the young, was "a matter of great regret".

But he stressed that it had been a problem for some time.

The number of people in part-time work because they could not find a full-time job rose by 44,000 to 1.19 million, another high since records began in 1992.

"The latest UK labour market figures provide further evidence that the jobs recovery has gone into reverse," said economist Vicky Redwood.

Long-term unemployment also deteriorated, with 17,000 more people out of work for more than a year, to a total of 833,000.

Other data from the ONS showed that average earnings rose by 1.8% in the year to December last year, slightly down on the 2.1% growth in the year to November.

The figures also showed that unemployment fell in Scotland by 13,000, but rose in England, Wales and Northern Ireland.


I personally feel we havent felt the true brunt of this unemployment hike the later part of this year 2011 only then we will start to see the true results of this governments terrible attack on working people in this country.

It would be interesting to compare the figures of jobs lost in the public sector compared to bankers loosing their jobs.

Argueably or should i say for sure bankers have done a worse job in brigning the country almost to its knees yet you dont see any banker loosing his or her job about that. Maybe this is waht David Cameron meant when he said he wanted to readdress the balance in society. Completely tip the balance in a unfair advantage to those at the top compared to those at the bottom. Why dont we believe him and his tory cronies i wonder. Oh it wouldnt happen to be the fact all this has happened before. Shrinking of the state is one thing but the state works hand in hand with the private sector often sharing jobs and contracts. So expect the jobless numbers to rocket in the next few years as this tory lead government offers no real alternative for growth.

What worries me most and the title of this post suggests this is that we will have young people growing up today not being able to attend a university due to ridiculously high tuitian fees and very few job prospects around. So we may be seeing a jobless unemployed generation growing up today. That for me is very sad indeed.

Britain slowly slipping back towards recession

So as we hear today inflation rose from December, Retail Price Index which shows most accurately reflects cost of living, up 4.8% with public sector pay freeze and low private sector pay rises is resulting in a negative growth for the first quarter of 2011 for sure.

With the rise of VAT not being taken into account yet having only just been introduced in early January and with most of the big cuts to hit in the next few months. Things really do look bleak now. The picture is slowly starting to unflod of what a mess we are going to be left with. With hundreds of thousands of jobs set to go in the public sector which will consequently have a knock on in the private sector i can only see us heading back into recession crippling the poor even further as the government will set a bout more harsher cuts to try and pull the ship around.
But the damage is already set in i feel the ship is sinking and teh attemptst o keep it afloat are failing badly. With the tories at the helm what else should we expect really. This is worrying times indeed for the country and i cant see this working all these cuts.

With interest rates still being forced down at 0.5% to help government borrowing figures this wont change i doubt and with food and fuel prices rocketing as i have posted in previous blog posts things are looking grim.

When will the terms recession and double drip recession be rolled out as we are slowly slipping backwards i think. It is inevitable that this will happen now with all these cuts hacking apart all what is good about our welfare state. I also think the abolishment of the EMA grant to students to stay on in further education will have a bigger effect than many think. It is estimated that as much as 7 out of 10 students will be forced to leave school as they wont be able to afford to carry on. With a whole generation out of education what will they turn to ? there are very few job opputunities out there for the youth of today so that will have a big impact. Alot of kids will grow up again just like under Margret Tatcher not having any job prospects and waht affect that will have on the country will be devastating.

Unemployed figure hits 2.5 million yet still no concern from government

Worrying signs today as the unemployed people rose by 35 thousand up to October to hit 2.5 Million people across the country. With the job cuts not set to really bite in hard to the new year where it is estimated half a million jobs will be going in the public sector with a similar amount in the private sector as they are inter-related i can see the unemployed figures hitting and breaking 3 million by the end of next year.

Shouldnt this be a concern to people ? and not least the government who this shows even more that their plan for cutting fast and deep into public sepdning is having a negative affect.

We only hear yesterday that inflation has hit a record high in recent times with teh cost of food and clothing and furniture hitting high prices.

What more concerns me is the VAT rise coming in in January will cripple consumer confidence and spending- which i made reference to in a previous blog post. All together we are in fora very rough ride in the foreseeable future with this tory lead government.

I just hope for everyones sakes they have a plan B. Something tells me they dont or dont want to face the prospect of needing one as they are so hell bent on pushing through these cuts they havent stopped to think waht might happen if this doesnt work and we end up going backwards. Which from where i am sitting is very likely to happen. With growth slowing and unemployment rising are the signs not clear now their plan is not working ?