IMGpapers

Newspapers of the International Marxist Group and its forerunners, 1968–1988

LABOUR'S BUDGET MEANS- HIGHER PRICES & LONGER DOLE QUEUES

Red Weekly No. 45, 29 March 1974 · p. 1 of the scan · 316 words

The scan: rw-no45-mar-29-1974.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.
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page 1 of the scan

there: the long-promised pension increase, an overdue increase in tax allowances, subsidies to hold back food price rises.

But the cake underneath is pretty mouldy indeed, What Chancellor Healey is giving with one hand he is busily grabbing back with the otherand collecting interest to boot.

•INCREASED TAXES on consumer goods will mean immediate higher prices for beer, ciarettes, petrol, etc INCREASED CHARGES by nationalood industries for domestic cool and electricity, rail travel and postage will push up •INCREASED COSTS for private business higher seel prices, increased em ployers" national insurance contributions, higher transport and telephone chargeswill all be passed on in the form of higher prices (allowed under Labour's price rules) and fuel the fires of inflation over the months ahead.

Even more serious is the impact the budget will have on unemployment. The deep-going problems of British capitalism means that mass unemployment is on the way againand the hudget could speed it up.

Only the working class movement itself can ensure that it is not workers beads who are placed on the chopping block by the capitalist criis and Labour's hopciessly retormist policies.

Any announcement of redundancies must be met with the demand of 'share the work at full pay, andfollowing the recent example of the Scottish newspaper workers, and mamy before them refusal to meet this should ha met by immediate occupation.

The cry must go up from such occupations for Labour to immediutely nationalise the companies concerned, recognise the workers" right to take over and run their operations without compensation, and levy a special tax on business to provide the necessary financial support. came out of last Saturday's Chile 'Action" Conference in Birmingham The one-day 'action" conference of the Chile Solidarity Militants were forced to hold their own meeting in another part of the hall to make sure that some action actually In the Tessons" workshop a number of spokers,

← ACTORS®Bureaucratic manoeuvres fail to block action Chile demo set for 5 May →

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