Wednesday, 11 August 2010

Join the Dots...

Four items caught Montagu's eye this week.

Firstly, a change in growth forecasts from the Bank of England shows that "Recent business surveys have suggested consumer and business confidence remain fragile and some experts are predicting a double-dip recession.  Companies in the dominant services sector say they are losing important public sector work and households are cutting back spending as they brace for job cuts."

Public sector austerity is not putting us on the road to recovery.

Secondly, a report in The Independent: "research by the employment consultancy Hewitt New Bridge Street shows that despite the feeble economic recovery executive pay at Britain's FTSE 100 companies continues to soar.  The median total remuneration for the highest paid directors in FTSE 100 companies is now just below £3m.  It has risen from £2.5m a year ago, even as leading companies have been implementing massive job cuts."

It continues: "Unemployment has risen in the period covered to nearly 2.5 million people out of work, and the average pay increase across the country, including bonuses, was just 2.7 per cent in the year to May, according to the Office for National Statistics."

Related?  This is just the beginning of the bite felt from the policies of Cameron's Big Society lie - the relative transfer of wealth from the poor to the rich.

What this is all really about is neatly explained in this little video posted on Lenin's Tomb:


Finally, a useful summary of the Big Lie from Red Pepper.

Joining the dots between these things is important if people are to make sense of what the government is doing, what is at stake and how they can argue against it.  It is well put by David Wearing at the New Left Project when he says that "there is (at least from the point of view of the public, rather than elite interest) no emergency requiring this budget.  The emergency is the budget."

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