Today (Tuesday 13 July), the House of Commons approved the Tory government’s planned cuts to foreign aid. The cuts from 0.7% to 0.5% of the budget will see a reduction of around £4 billion, with the government justifying the decrease by blaming the pandemic.
Frank Rowley examines the future implications of public spending cuts for the youth of today; and the general lack of optimism and hope for the future capitalism produces among the youth and working people.
At the behest of Lex Greensill, a disreputable financier at the helm of a now collapsed firm, it has been revealed that David Cameron lobbied a senior Downing Street aide and the Health Secretary, Matt Hancock. Following the Treasury’s renunciation of Cameron’s efforts to assure the company access to a Covid emergency loan scheme, Cameron contacted a No 10 adviser, illustrating the exhaustive attempts the former prime minister was willing to use to guarantee political connections for Greensill Capital, which employed him as an adviser.
The Communist Party has launched a stinging criticism of today’s (3 March 2021) budget by Tory Chancellor Rishi Sunak. Chancellor Rishi Sunak’s Budget is for the profits of the few rather than the wellbeing of the many. He plans to dole out many more billions to big business but still refuses to admit who is going to end up paying for yet another eye-watering bail-out of British capitalism. He claims economic growth will generate some of the tax revenues needed, yet the Office for Budget Responsibility has now cut its economic growth forecasts for every year from now until the end of 2025 except the next one.
The Young Communist League has issued a statement on the sickening refusal by the government to guarantee free school meals during holidays until next Easter.
Figures released today by the Office for National Statistics (ONS), have shown the number of people in work decreased by 220,000 between April and June. The largest quarterly drop since the height of the financial crisis in 2009. As with the crisis then, young workers are expected to be hit hardest. Morgan Horn, industrial officerContinue reading “Job losses reach new high”
This morning (21 July 2020) Tory Chancellor, Rishi Sunak, announced that around 900,000 public sector workers are due to receive an “above-inflation pay rise”, for their “vital contribution during the Coronavirus pandemic”. From doctors to teachers to police and prison officers, all are being offered pay increases up to 3.1%.
The Executive Committee of the Young Communist League last night (8 July 2020) released a statement in response to the Government’s Summer Budget.