IMGpapers 1976–79

Newspapers of the International Marxist Group and its forerunners, 1976–79

The 5 per cent cut

Socialist Challenge No. 6, 21 July 1977 · p. 9 of the scan · 577 words

The scan: sc-n06-jul-21-1977.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Apple Vision OCR) from a scan of a newspaper page, and the page was cut into articles by machine, at the headlines found by their type size. Nothing has been corrected: expect misread words, text from a neighbouring article, and titles that are the machine reading of the headline, some of them only fragments. Quote from the scan, not from this page.
How this article was cut and titled: headline found by type size in the OCR geometry (split_tabloid.py); 7-7 of 7; machine-segmented newspaper page; uncorrected Vision OCR.

page 9 of the scan

wook council worke James Ford sacked and fined to Feb Iversion A 000 ...

Mar Overlooking Hyde throom penthouse apertme Park dovel oped by Trafalger House Investto the Sun: Two weeds ago my husbend took me to the 2ирuтите18л0 300 mо 10c1 buying the thinge I love but could no longer afford. like his overtime money for months Facts trom Labour Research restoration of wapes could he allowed to rise cain — until the next cris Today tbings are somewhi different. The trade unions are The state plays an active role in the cootery, by acting as a caralyst to the role that the market played on its own in the ninereenth century The state engineers the fall in wages by letting prices rise faster WALES creating unclaplogisent through cutring with state intervention in indus try through the National Enter prise Board, chis fall it wages provides the impetas to capitalist reorganisation.

IMPORTANT That's why the Social Contract ment. If it can't be renewed, then Ile Government wil have to operate a lough public sector privare sector employers to 10Fuse "excessive pay claims.

Profitability is not

terly Bulletin, that profits in the солома ной mOUs SocED were clearly belew that required ment", and that, unless profits vestment is unlikely to be ad State of growth'.

No-one can say that me have not been warned of the offensive HEALEY proposed will be in single figures by next Inflation is at present 18 per cent. This makes un annual inflation rate of 13-14 lving standards would fall by 3-4 percent.

• In fact no serious economic Nation will be beluw 10 per cest by next summer than Healey kept his promise to get it belo 10 per beat in Phuse 2. This means an amnua cent or more when the sturting level is 1S per cent as ar present. In rentity, therefore, Hewley proposes u 5 per cent cut in Iving of the 5 pe saffered under Phases 1 and 2. * For many groups of workers cut in living SEEDOESOS would be morse than 5 per cent, A 10 per cent average increase SCHEMES YOU ESCEIC target, only means 6-7 per cont haste rates with the rest some groups of workers getting made up by CUTLEINE. and more than 10 per cent. For low paid workers, or those without opportunily overtime. bones schemes and the like will not even set a 10 per Increase. For these workers the cut in living sundards could be as mech as 7 per cent. ine steale "handouts' no praised by the Labour left, They aren't even worth the paper they are written 08. The 1Vip milk subsidy b made ap for by the Ip on i -Jarge lonE and the 3p on a pound of cheese which the removal of Government support will mean The Increases on family benefits are also u simple Field of the Child Poverty Action Groap hus shown that a tanily on tour -MYTHER eamings would get un extr 2.10 u child. Thut it world los 209 in chile lan alowance. but mel extra El in increased charges. • The net CH TO BE ATETREE TAIL WIL be ip. A family with 3 calldren would actually be 15p a week WISE OT LOUI changes.

All Healey's proposeis •mount loss demand for a reinimum 5 per ceat cut ir working class living standardi HE BALCE BOULES MAHEICH Tal of doubting profia b?

Anal Personal Dispeeable

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