Peacocks,D12,La Senza & Ulster Bank… – Stop all public sector cuts! Make the super-rich pay! – Nationalise companies who threaten job losses! – Launch a public job creation scheme!

Thousands of people have been thrown on the scrap heap in December and January by companies cutting jobs and going into administration. Retail workers – mostly female and young workers on the lowest wages – have been hit hardest. Many more workers feel under threat as never before as the austerity policies of Westminster and Stormont drag the economy towards a return to recession.

The £4.3 billion cuts the Assembly parties are implementing will destroy 40,000 jobs in the public sector here and devastate vital services that we all need. But they will also have a direct effect upon the private sector by squeezing the spending power of ordinary people that retail and service sector rely upon. With real unemployment standing at 13% already – and over 20% among young people – a social crisis is looming if the politicians get their way.

Public ownership

When the financial crisis struck, the Westminster government fell over itself in its rush to bailout their banker friends to the tune of hundreds of billions. But when ordinary workers are faced with losing their jobs, the bosses aren’t asked to ‘share the burden’ with them!

Companies who threaten to throw workers onto the dole should be taken into public ownership without compensation to the bosses. All the jobs in such companies should be guaranteed. Rather than being run by fat cats on high salaries, they should be put under the democratic management of the workforce.

Launch a public job creation scheme

The Assembly’s attempts to lure investment from multinational companies by handing out huge subsidies has never worked, and will fail completely in the midst of the economic crisis. Neither will a cut to corporation tax. Invest NI should be scrapped and a public job creation scheme launched in its place. Such a scheme could create thousands of decent, socially useful jobs. This could be used to improve health, education and other public services, our infrastructure and to develop manufacturing.


How should such a scheme be funded?

All the Assembly’s PFI/PPP privatisation schemes should be scrapped and the £10 billion ring-fenced to fund them pumped into the public sector. All subsidies to big business should be ended. The £420 billion the super-rich avoid paying in tax every year should be aggressively pursued. The banks should be taken into genuine, democratic public ownership and their capital used to invest in society, not speculate on the markets.

If you agree, join the Socialist Party today!

Previous Article

Support the Vita Cortex Occupation

Next Article

Bloody Sunday: forty years on

Related Posts

Belgium government plans to ban the burqa

Constant stigmatisation of Muslim population

On 29 April, Belgium’s lower house of parliament voted for a law that would ban women from wearing the full Islamic face veil in public – the burqa (a loose garment, usually with veiled holes for the eyes, worn by Muslim women ). The law now goes to the Senate. If passed, the ban would be the first move of its kind in Europe. If the ban is eventually passed, women who defy it will be subject to fines of 15-25 euros and even 7 days in prison.


Troubled Times – The national question in Ireland

How did Ireland's national problem arise? What was the reason for partition? Does the British ruling class really want to pull out? Must the working class always be divided on this issue? This landmark publication looks again at Irish history right up to the present. It refutes much of what has become the accepted wisdom of current academics who see no way of overcoming the sectarian division. It offers something unique - a programme on the national question to unite, rather than divide the working class. For those seeking ways in which the national problem can be overcome, this challenging book is a must. First published in 1995.

Russia – Terror returns to Moscow

For workers’ unity against terror, repression, racism and capitalism!

Thirty eight people died and over 70 were badly injured when two bombs exploded on the Moscow metro during yesterday’s morning rush hour. This is not just a tragedy in which working people died, but an act intended to terrify people, an act which will have serious social and political consequences.

Bankruptcy – Is Ireland going bust?

UCD economist, Morgan Kelly, was pilloried by the establishment back in May when he said it was no longer a case of whether Ireland would go bankrupt but when.

Four months on, more and more establishment voices are beginning to entertain the notion that he may have been correct.