by Edward Grierson
It goes without saying that the current wage situation in the UK is not good. Following the disastrous speculation on the banks’ behalf that led to the recession, real wages for UK workers fell by 10.4% from 2007-2015, a decline only matched by Greece. Even worse has been the combination of this wage drop with the continued pay gap between employees and the people who employ them: as of 2015, the salary of a UK CEO was nearly 130 times that of the average UK worker’s salary.
The reason why this is a concern, why we should be worried about falling wages, surely is obvious.Continue Reading
by Nicholl Hardwick
What is the Living Wage Norwich Campaign? Why is it important? What are its benefits to individuals, companies and society? What are our hopes with the Living Wage Norwich Campaign and why does it apply to students too?
These are just some of the many questioned asked in reference to the Living Wage Norwich campaign. I am here to answer and explain those questions and get you involved in Living Wage Week which will be running from 6th -11th of November. Continue Reading
by Joe Burns
Over the last three decades, the number of people that control the businesses that shape our lives has decreased dramatically. Distant stakeholders and unrelated shareholders seem to have a say in local housing projects, food supply, transport maintenance and many other necessary community projects. Big brands are becoming more successful at dictating markets and reaping the rewards.
In the recent past, Tesco executives were revealed to have been paid up to 900 times more than the average Tesco worker. Dave Lewis, CEO of Tesco, was paid £4,600,000 in 2016. When explaining the reason why he received almost five million pounds in one year, Deanna Oppenheimer – who is the leader of Tesco’s remuneration committee – said he had achieved increased volumes, reduced costs, increased cash flow, and completed significant disposals and business restructuring to strengthen the balance sheet. For some, more money is what makes good business.Continue Reading
by Cadi Cliff
Wednesday was Budget Day and George Osborne set out plans for a huge shake-up of the schools system. He announced that schools in England must become academies, independent of local authorities, by 2020. It’s farewell to your old council-run comprehensive and hello to corporate sponsored academies — and no, you don’t get a say in the matter.
Along with junior doctor contracts, the majority of the public have not supported the government’s argument on academies — so the Tories have gone and imposed them anyway. Democracy, right?Continue Reading