UK workers face declining wages and rising inequality as corporations profit and government austerity bites

Real wages in the UK have fallen for 21 straight months, reversing decades of income growth and plunging working-class living standards. Meanwhile, corporations are booking record profits.
The Conservative government has sided with employers and the wealthy, cutting public services, attacking unions, and constraining wages.
Labour has abandoned its working-class roots, refusing to support strikes and planning renewed austerity. Its focus is on token social mobility, not tackling inequality.
An impressive strike wave has erupted in protest, but lacks political expression. Private sector organization remains very weak.
There is an urgent need to build political vehicles that can unite workers around shared material interests, challenging the class war from above.

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8/20/2023

Labour’s Sir Flip-Flop will lead Britain on a path to financial implosion

### Summary Labour leader Sir Keir Starmer has been backtracking on several policy pledges, including strengthening workers' rights, clamping down on the gig economy, and implementing a green industrial strategy. This lack of planning for the economy will worsen the economic crisis the UK is already facing. ### Facts - Labour Party has abandoned plans for a single status of "worker" and the right for companies to fire employees during a probationary period, in order to avoid offending businesses and being accused of union influence. - The party has also scaled back its plans for a green industrial strategy, turning it into an "aspiration" instead of a commitment. - Other abandoned plans include a tax raid on American tech giants, a £15-an-hour minimum wage, and imposing VAT on private school fees. - The party still plans to impose VAT on private school fees and end non-dom status for wealthy foreigners, but these may also be scrapped before the general election. - Labour's backtracking reinforces the perception of Sir Keir as indecisive, and the lack of an economic plan is concerning given the dire economic outlook the UK is facing. - The UK has soaring gilt yields, high inflation, zero growth, and a government deficit running at 4% of GDP. - Labour has no plan to address these economic problems, putting the economy in a worse state if the party comes to power. ### Emoji 🔄

9/14/2023

UK's Top Earners Feel Squeezed Despite Wealth, Turning Away From Society's Interests

The top 10% of UK earners, who have significant political influence, are turning their backs on society and are disconnected from the realities of inequality, relying on their wealth to secure advantages for themselves and their children while ignoring the detrimental effects of increasing inequality on society as a whole.

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Posted 9/23/2023, 1:37:19 PM