by Jonathan Lee
“New pension plans to work till you die are no cause for alarm” says arch-Tory overlord Ian Duncan Smith. A recent report from the Centre for Social Justice (CSJ), the Tory think-tank which brought us Universal Credit, has recommended the government raise the retirement age from 65 to 70 by 2028, and to 75 by 2035.
The Tories are not content to simply make workers’ lives as miserable as possible through underfunding schools, unaffordable housing, food poverty, and the greatest devaluation of wages in modern history. They now seek to steal the last golden years of life from the majority of working class people who cannot afford a private pension in order to retire early.Continue Reading
by Olivia Hanks
The news that Royal Bank of Scotland has cut its investment in fossil fuels by 70% is only the latest in a string of decisions by high-profile investors to pull back from oil and coal. Norway’s sovereign wealth fund has divested from companies that derive more than 30% of their sales from coal; and, last month, the Rockefeller Family Fund announced that it would no longer invest in fossil fuels.
The fact that both Norway and the Rockefeller family derive their wealth from oil has not been lost on commentators. Whether or not you consider it hypocritical to invest ‘dirty’ wealth in ‘clean’ projects (if so, what should be done with it instead?), the low price of oil and coal has offered a perfect PR opportunity with no financial sacrifice.Continue Reading
by Adrian Holmes, Green Party Norwich North candidate.
Following the economic slump in 2009, the incoming coalition government announced an austerity program to tackle the budget deficit. Since 2010 the main thrust of these austerity measures has been to cut public spending and, in particular, to reduce the welfare budget. People on benefits including the disabled and those with chronic illness, are being targeted by the government in an attempt to get them into work and off the benefits system.
The Work Capability assessment (WCA) was introduced by the last Labour government, creating a new bureaucracy to test the right of welfare recipients to continue receiving benefits. The assessments, carried out by private contractors, have placed stress on people with disabilities to justify their right to help. The cost in wasted resources in holding the assessors to account is also high; with an increasing number of appeals being found against the companies used to carry out the assessment.