British Workers Are Getting Poorer While Criminals Get Richer.

The Institute for Fiscal Studies has announced that wages in Britain have fallen further than at any time since records began. The main reason, they have suggested, is that workers have courageously taken pay freezes and even pay cuts to prevent widespread unemployment. If true that is very laudible - though most workers would probably say that they were never given any choice in the matter. One thing that they have failed to mention, however, is that shrinking wage packets is something that is confined only to certain people - more often than not in the public sector - while others have seen their wages soar. No prizes for guessing who's money has increased over the last few years - its the bankers and fatcat executives heading industries that were once owned publicly but have been stolen by the Tories and given to their already rich mates. While this is certainly grossly unfair given the role that bankers had in causing the latest economic slump and the role that executives have had in robbing ordinary people blind, it is also disastrous as far as recovering from recession is concerned. Lower wages means less demand in the economy and less demand means a continuation of the recession. Its not rocket science, though the Tories would like you to think it is. Nor is it difficult to understand why the Tories have taken the measures they have. There is only so much money to go around and they are determined that they and their rich mates will get more than their fair share at the expense of the rest of us and that we, not them, will pay for the economic disaster that they caused. Essentially the country is being mugged in broad daylight by a bunch of criminals who are actually proud of what they are doing.

The Shame Of Tory Britain.

With the House of Commons packed every day with dedicated and hard working MP's as shown above, and the Tory Vicious Tendency gleefully labelling British workers as lazy and workshy, top economists have called on George Osborne to abandon his destructive and deeply idiotic strategy before it's too late. Meanwhile pay for Britain's top executives, despite the recession and a fall in the FTSE of 6.5%, has increased by a staggering 8.5% while ordinary worker's wages has increased by a mere 1.6%. And, despite claims from the delusional Tory right, British people worker longer hours, with fewer holidays and with less rights than almost any nation in Europe. Not only is the Tory plan for the poor to pay for the mistakes of the rich deeply unfair it is also fundamentally counter-productive. Of course George Osborne never believed that it would work - that is not the point. Tory ideology is not really concerned with the economy as we would understand it. It is primarily concerned with providing them with a flimsy excuse to indulge their most deeply held prejudices and with providing clear economic water between them and us. Unable and unwilling to create greater general wealth in Britain the Tories have concerned themselves almost exclusively with grabbing as much as they can for themselves and their rich mates. For them declaring a man in a coma as fir for work, as ATOS recently did, is a small price to pay - for them at any rate. The Tory party is the shame of Britain and a stain on our history that badly needs to be expunged.

No Link Between Executive Pay And Company Performance

A report commissioned by BBC Radio 4's More or Less programme has conclusively shown that there is absolutely no connection between executive pay and the performance of top companies, either here in Britain or in the United States. In other words company executives on average bring nothing to the party and are paid huge amounts of money for doing nothing in particular. This seems to defy common sense until you have a close look at how the pay of these spivs and conmen is calculated. Essentially they get their mates - other overpaid executives - to fix their pay, while ordinary shareholders are effectively sidelined by corporate shareholders run by those same executives. Worse yet many companies are fearful that, if they fire their useless executives, share prices will fall damaging the company even more. Cosy isn't it? In the last 30 years these corporate vultures have turned the cut and thrust of capitalism into little more than a safe, risk-free gravy train, for them at any rate, and changed corporate survival of the fittest into survival of the greedy. These people like to see themselves as heroes, as ruthless captains of industry. The truth is that many of them are the corporate equivalent of benefit scroungers with little ability beyond milking the system and with absolutely no intention of ever doing an honest days work.