Britain: Pension rights and wrongs The TUC has worked out that the richest folk in the land get subsidised massively in their old age by the rest of us. No change there, then. So it’s nice to see the rich are all right (as usual). What about the rest of us? Nearly two thirds of over 50s are worrying that pension and savings are just not enough to see them through retirement.
British Economy - why is it last out of recession? Stock exchanges and commodity prices are on their way up. The world economy is showing faltering signs of recovery. There’s no doubt that it’ll be a long haul. Millions of people all over the world have had their lives devastated by the economic tsunami. It will take years to clean up all the mess. But one major national economy after another has announced that the recession is officially over – France, Germany, Japan and even the USA. All except Britain. Why is British capitalism still stubbornly stuck in the mire?
Britain: Refuse workers win partial victory Striking refuse workers in Leeds have voted to return to work after nearly three months on the picket line. The all-out industrial action, which ran from September 7th to November 25th, was in response to savage pay-cuts that would have slashed individual wages by thousands of pounds per year. Workers attending a mass meeting at the suitably flamboyant Jongleurs Comedy Club voted by nearly four to one to return to work, endorsing a deal which benefitted many workers but raised concerns for some.
