Energy bills are set to rise by 80% from 1st October, taking the average household’s annual energy bill to £3,549. The Trades Union Congress (TUC) estimates that the average UK household’s income in 2023 will be £2,054 per month, making the cost of energy equivalent to around two months’ salary. Meanwhile, the poorest among us have been forced onto pre-paid meters which enable energy companies to charge even more for the same energy. Welcome to Tory Britain.
By John Sillett
The recent collapse into administration of shop group Arcadia and Debenhams’ department stores was shocking, but not unexpected. Both companies have had their assets looted by their owners; Arcadia’s owner Philip Green has become widely seen as the unacceptable face of capitalism. Whilst the vultures pick over the bones of Topshop and its relations, there has been an avalanche of redundancies in many sectors, from construction to engineering. The pandemic has hastened the collapse or rationalisation of companies depending on footfall, like retail, hospitality and tourism.
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.
I graduated! I actually graduated. Mortarboard thrown, picture taken, congratulatory conversations with parents and friends and then you hear the dreaded, “What are you doing next?”
It’s not that I have never given much thought to what would come post-university — quite the opposite. The last few months prior to dressing in my cap and gown have been filled with endless job applications, copious redrafts of my CV and looking into Masters programmes both in the UK and elsewhere – I cannot be the only one. I am certain the same can be said of other BAME students whose road to graduate employment is a lot more uncertain and suspiciously taxing.