FATCATS PAID PERCENTAGE WISE MORE THAN COMPANY PROFITS

A report was issued by the High Pay Centre and Income Data Service  which shows that Fatcat’s bulging pay packets is twice if nor three times of profits risen since 2000. This news is not a surprise to the general public.

Their findings were based FTSE 350 companies for the years between 2000 and 2013. It also revealed that bonuses rose even higher.  According to High Pay Centre they increased by 314 per cent. 

All these past years the companies and the Government tried to convince the public that high bonuses for the executives would encourage big success.  Now it shows, in the same report that profits only raised by 95 per cent for the 350 top companies and their stock market value by 63 per cent. Yet, when a firm collapse because of the executives pay and bonuses superseded the profits the Fatcats pack up and walk into another top job while the workers are unemployed

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High Pay Centre director Deborah Hargreaves said: “This is further evidence that pay at the top has become a self-enriching racket for those who are lucky enough to be in the right place at the right time.”

During the same time the number of low-paid workers has risen from four million in 1990 to seven million in 2011. Women are even in a lower pay bracket than men.  It even worsens with age.

The low-pay figures were compiled by the human resources body, the CIPD, with John Lewis Partnership.  

Peter Cheese, chief executive of CIPD, said: “Over most of the last six years, we have seen a significant fall in real wages, with evidence showing that the UK has high proportion of workers employed in low-wage roles compared with our international competitors. This research shines a light on these issues and has important implications for policy makers and employers.”

A further research by the Daily Mirror revealed that the average worker is eight pence a month better off in comparison to last year. The small percentage of wage rise was eaten up by rising cost of living.

The question remains who is really behind the whole scene -- it is nobody but the Government. Since the Victorians there was never a time where there was such a wide gap created while the top are bucketing money and the general public are starving. Yes, literally starving

UK'S CHANCELLOR GEORGE OSBORNE ON THE RACK AGAIN

Hopefully they are turning the wheels well. The Chancellor, as some newspaper mentioned, should have a kick up the arrears.  This ‘financial wizard’ had to borrow £62million in Jul, 2013 when the City financiers expected a surplus of £2.5billion but they did not reckon with George Osborne’s great magic wand. So, where did the difference go?
  

July is known as a great months for the Treasury because the corporation and income tax are coming in more than any other month.

We might be the plebs in the Elite’s eyes but they make one mistake to think the public is stupid. Today with the newspapers and Internet we are more informed than ever before.  Therefore, the question has be to answer what is going on?

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British manufacturing is at a high for two years according to the CBI and therefore the economy should see tax income rise and welfare cost fall but Mr Osborne by a sheer miracle saw himself forced to borrow £62million to balance the books.

The CBI reported further that 37 per cent of the firms in this sector having reported a rise of output in contrast to 21 per cent saying it had fallen. There is a gap of 16 per cent and it is the biggest since August 2011.

Since the City expected a £2.5billion and they surely know what they are talking about what is really going on behind the closed doors? Creaming off is one thing but bucketing when people have to starve and in the coming winter have to freeze because this great Government will not curb the energy suppliers is below any irresponsibility. It is unscrupulous.

Last month the Office for National Statistics announced an increase of Britain’s national overdraft to £1.2trillion and the Government has borrowed £36.8billion in the last three months in comparison to the same period in 2012 of £35.1billion. Yet, David Cameron and George Osborne have the callous manners of pointing the finger continuously at Labour.  Do they really think the public is so stupid and buys it? It is pathetic and goes down to the level of four-year old kids in which age kids always make fun of others and point fingers. It really is going all too far.

Even the Treasury has the nerve to announce that the economy is moving from rescue to recovery. We heard that since they came into power. Yet, Labour Gordon Brown who experienced the worst crash called the credit crunch which was a lie from America but he manage to have a 2.5 per cent GDP when he handed it over to this, always sneering at him when in the opposition, David Cameron.  The 2.5 GDP vanished within three months.

So, how much longer is the Conservative Party allowed to run Britain the country and its people into the ground until somebody powerful enough stops them?  I like the title Conservative; it should be Demolishing Party because that is what they have been doing for three year and will carry on doing. How they ever came into power, even with a minority, leaves me and most of the public wonder after the damage Margaret Thatcher done to this country which was more than enough for any memory? They call themselves English and even go that far to say they are proud of it yet they constantly destroy this country? It should never be allowed.