The tyrannical Tories assert that rising employment means the recession has been far less drastic than prior slumps but this isn’t the case. Wage values in the U.K continue to decline at reckless rates and are now 145 times less than the average executive. Disturbingly, it has triggered an unprecedented crisis of poor workers depending on a rising number of food banks to ensure their families can eat; many people rely on credit cards to pay for daily essentials.
Every single working day last year the Citizen’s Advice Bureau dealt with well over 8,000 new debt problems and an estimated five million U.K households, according to research in April, are now in debt to energy suppliers. There has been a commendable response by the unions in campaigning for wage rises, but wider mobilisation is needed now to make the ruthless casino capitalists pay for a crisis they have caused.