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Victorian England here we come, with top bosses set to earn 215 times more than ordinary workers

By Bernard Purcell /Friday, November 25th, 2011

The pay gap between the City elite and ordinary workers threatens a return to the disparities of Victorian England, the ­widely-anticipated report by the High Pay Commission reported this week. The report, Cheques and Balances: Why Tackling High Pay is in the National Interest, drawn up by Compass and financed by the Joseph Rowntree Charitable [...]

Fears grow the Government is ready to ‘do a Thatcher’ on trade union rights

By Keith Richmond /Friday, November 11th, 2011

The Tories have launched a pre-emptive strike on the rights of workers and, in particular, their union representatives, in the workplace. Aidan Burley, Conservative MP for Cannock Chase, and Parliamentary Private Secretary to Justine Greening, laid out in some detail the work of union reps to the House of Commons.  He then asked rhetorically: “Is [...]

Britain’s student loan debt is now a colossal £35 billion – and that’s before the tuition fees increase

By David Hencke /Friday, November 11th, 2011

Britain’s student loan debt is now standing at a record £35 billion before the Conservative-led Government has even begun to introduce higher student loans and tuition fees, a new paper from the House of Commons library reveals this month. The debt is predicted by the Government to reach £80 billion by 2017 as a result [...]

Prentis attacks the fat-cat nay-sayers as Unison members vote overwhelmingly for strike action

By Keith Richmond /Friday, November 11th, 2011

Unison’s general secretary, Dave Prentis, has hit back at fat-cat businessmen and ministers in the Conservative-led coalition who have questioned the legitimacy of the union’s strike ballot – and the overwhelming “yes” vote by members – against the Government’s plans to make public sector workers pay more, and work longer, to get less than they [...]

Ortega wins the Nicaraguan presidency again – and this time by a landslide

By Marcus Papadopoulos /Friday, November 11th, 2011

Daniel Ortega, the one-time Sandinista leader who defied US President Ronald Reagan in the 1980s, has won a landslide victory in presidential elections in Nicaragua. President Ortega, who returned to the presidency in 2007 after leading the Latin American country from 1985-1990, had won 63 per cent of the vote by the time Tribune went [...]

UK headed for recession again in 2012 as new figures show contracting economy and struggling manufacturing

By Bernard Purcell /Friday, November 11th, 2011

Britain faces entering 2012 in recession as growth figures continue to flatline, according to economic research published this week. Figures for the last three months (Q4 or fourth quarter) are expected to show the economy contracting as manufacturing – which was supposed to drive recovery – struggles and the country’s services sector, which accounts for [...]

It’s bad news on the benefits front as Osborne indicates that he may freeze welfare payments

By Bernard Purcell /Friday, November 11th, 2011

Chancellor George Osborne last week flew a kite suggesting he will freeze any increase in social welfare payments when the annual uprating is put to MPs next month – to avoid matching September’s 5.2 per cent CPI increase. In his first Budget last year, Mr Osborne said he would henceforth peg any annual increase in [...]

Now eurozone debt crisis shifts to Italy as the EU remains divided on response

By Ben Fox /Friday, November 11th, 2011

Germany is coming under mounting pressure to allow the European Central Bank to increase its capacity to buy bonds of the weaker European countries as European Union governments become increasingly frustrated about the ongoing sovereign debt crisis. Although the ECB bought Italian and Spanish bonds for a short period following the EU summit in August, [...]

New Kyrgyz leader could be among the first to sign up to Putin’s new union

By Marcus Papadopoulos /Friday, November 4th, 2011

The strategically important central Asian state of Kyrgyzstan has elected its fourth president since its independence from the old Soviet Union 20 years ago this December amid talk that it could be one of the first of the former Soviet republics to join up to Vladimir Putin’s vision of a Eurasian Union. Almazbek Atambayev, a [...]

University applications for next academic year plummet as tuition fees increase has its effect

By Keith Richmond /Friday, November 4th, 2011

New figures from the Universities and Colleges Admissions Service, which co-ordinates applications for tertiary education in Britain, reveal that the number of British-born university applicants for the academic year starting next September, when the Conservative-led coalition’s decision to raise tuition fees to up to £9,000 a year kick in, has plummeted by 12 per cent. [...]