Electricity price rip-off
More pay rises for the rich
As working class people are forced to struggle with the effects of the worst economic crisis in living memory, The Guardian newspaper’s annual survey of executive pay has revealed boardroom pay at Britain’s top FTSE 100 corporations has shot up more than 9% in the past 12 months. £170 million was shared by the10 most highly paid executives alone with almost a quarter of chief executives surveyed receiving packages above £5 million. Having been bailed out with massive amounts of public money by their political backers it is now business as usual for the corporate elite. The real burden of the recession is being placed on ordinary workers who are forced to contend with rising job losses, wage cuts and continuing attacks on working conditions.
£106 million wasted on consultants
New figures reveal that in the past 5 years the NI Assembly has spent £106 million of tax-payers money on consultancy fees to private firms. The worst culprit was the Department of Regional Development (DRD), who spent £32 million in 3 years between 2004 and 2007, mostly for “specialist advice” on how water charges should be introduced. This highlights the way Stormont departments often rely upon private consultancy firms for support when they intend to privatise public assets or implement other anti-working class measures. When consultation is genuinely required it should be kept within the public sector to secure jobs and end this massive waste of public funds.
Bosses spell out attacks on third level education
By Kevin Henry, 13 October 2009
The bosses’ union Confederation of British Industry’s (CBI) recent Further Education Taskforce proposals should act as a strong warning to students, parents and education workers on the direction in which vice chancellors and big business wish to drag our education system. The proposals include raising student fees to £5,000 a year, fewer grants being made available, higher loan interest rates and the government dropping its “target” of having 50% of young people in education – meaning in reality more restrictions on university places.
The proposals rely heavily on the evidence from vice-chancellors including one retired vice-chancellor, who is reported to have described domestic students as “nothing but a drain” and they are “the charity end of the business.” The report also states that “heavy cuts” would negatively affect Britain’s competitiveness. The reality is massive cuts are already being introduced in many universities. such as the proposal to cut crèche facilities at University of Ulster, and the cutting of 104 jobs in Queens University Belfast.
The timid response by the leadership of the National Union of Students is not enough. Their strategy of lobbying political parties which all support tuition fees is completely ineffective. These same parties listen more to the likes of the CBI than to students. Instead they should seriously mobilise students and link up with the trade union movement to fight for the scrapping of tuition fees and campaign for a fully funded education system that is run in the interest of the public rather than the big business and profit.
US AND British military chiefs have been quick to label their July offensive against the Taliban in south east Afghanistan a "success". In reality the main achievement of the British "Operation Panther’s Claw" and the US "Operation Thrust of the Sword" has been to refocus the attention of an increasingly sceptical public at home on the military quagmire and political impasse that is present day Afghanistan.
In Part two of a three part article on the Irish economy, Paul Murphy looks at some of the factors depressing the domestic economy, focusing on debt and unemployment, as well as analysing whether the government's export focused strategy can be successful.