Discover and read the best of Twitter Threads about #costoflivingcrisis

Most recents (24)

Seriously though, when a country has a dysfunctional leader, a dysfunctional government & a dysfunctional economy, it doesn't take very long for *everything* else to become dysfunctional too.

Scratch the surface & the signs are *everywhere*.

Imho, Britain is on a knife edge. ImageImageImage
HMRC disclosed in FOI requests that UK residents had £850BILLION in overseas accounts — of which £570bn was based in tax havens — in 2019, the latest year HMRC has released statistics for. It has no idea how much tax is being evaded.

#CostOfLivingCrisis

ft.com/content/a14162…
Read 6 tweets
#THREAD

Boris Johnson, who once claimed he 'needed lots of women on the go because he was bursting with spunk', & "forgot" being warned about Pincher when he appointed him, has now appointed Zahawi, who was embroiled in the Presidents Club sex scandal!

theguardian.com/society/2018/j…
In 2018 Zahawi was given a “dressing down” by the Tory chief whip after attending The Presidents Club charity, which was forced to close after widespread outrage at the way some guests were said to have groped & sexually propositioned women employed at an event at the Dorchester. Image
The joint chair of the club David Meller was forced to stand down as a board member of the Dept for Education as a result of his involvement.

Zahawi, then minister for children & families, was given a “dressing down” by Julian Smith, after he admitted having attended the event. ImageImage
Read 23 tweets
Sure, the UK elect say #EnoughIsEnough, but the reality is that when the downtrodden get steamrolled (like 120,000 carers that literally held up health and social care during the pandemic) they can't even take 2 mins to sign a petition for a debate on blatant discrimination.
The reality is that the UK population do nothing and acquiesce to the sickophants in parliament, let them steamroll the weak, vulnerable and elderly, and when the Tories are then emboldened to go after them, suddenly there is an uproar.
But those who cannot defend themselves still get left behind and ignored because the electorate cannot understand that their fates are inseparably linked. Don't privatise the NHS is one example.
Read 18 tweets
Thread 1/25 Why is fuel so expensive, thereby driving billions into poverty as the rich get obscenely rich & families can't eat?

This thread explains a system that supports a permanent underclass & that of the wealth of fossil fuel companies. Fuel is a key cause of all inflation
2/25
The UK’s fuel prices are astonishing. There are only 10 countries in the world with more expensive prices.

154 are cheaper, including the top four which have been targets of the West for some time: Venezuela, Syria, Libya and Iran
#CostOfLivingCrisis
3/25 “It’s down to the cost of the oil”.Really?
Someone, somewhere is filling their boots.
From its low price of $59 in March 2020, Chevron’s share price soared to $178. These are companies where we are using less & less of their products. Demand & the price should be plummeting
Read 25 tweets
28 Days to In-Housing: STRIKE!

1/ Outsourced workers at @LSHTM will strike 18 to 20 July during LSHTM #graduation celebrations over poverty pay!

Support striking workers and their fight back against the #CostOfLivingCrisis by donating to the strike fund: actionnetwork.org/fundraising/ls…
2/ At the height of a #CostOfLivingCrisis, LSHTM tried to victimise its workers, taking disciplinary action against 6 workers for union activities! But they remain united in their demand for fair pay, having voted UNANIMOUSLY to strike! #SummerOfStrikes
3/ This majority-migrant & BAME workforce is paid the lowest grade at the University, despite others with similar responsibilities being paid higher! With inflation set to hit 14% for the UK’s poorest households, our workers cannot support their families on these poverty wages!
Read 4 tweets
If anyone is daft enough to think the @Conservatives should do anything but resign (yes all of them)then be happy in your crazy pretend world, we have so many food banks in the uk they just fit in as the norm now ,we have tories cutting ribbons celebrating yes celebrating
Another foodbank opening ,we have a prime minister ,(just absorb that) our prime minister having a bj off his current girlfriend in an office that anyone can walk into, while his wife is at home battling cancer, seriously how vile and disgusting does he have to be before you
Understand he has no respect for the office he holds,as billionaire's get richer and richer off the back of poor people ,money lost to fraud their not pursuing,why seriously why ?,maybe they already know where it is ,tax avoidance by our own Mps and their families,crippling
Read 11 tweets
Day 2 of the #railstrikes. As the debate rages about the right and wrongs of it, there are 3 key things to remember:

1. The root cause of the dispute is a decision by the govt to cut £4bn from rail & tube budgets. Madness when other countries are investing in public transport.
2. Wages have been stagnant for over a decade & for many key workers, have been falling in real terms. Asking for a pay rise in the face of the biggest squeeze in living standards since 1950s, makes complete sense.
3. The wage-price spiral is a myth. The labour market today is completely different to how it has been in the past, and we are in the middle of a #costoflivingcrisis.
Read 3 tweets
Working class people are being told by Australian billionaire Rupert Murdoch & non-dom billionaire Jonathan Harmsworth that they must just accept high #inequality & the #CostOfLivingCrisis, but Britain was a much more equal society in the 1970s than it has been at any time since.
Govts are supposed to UNITE people & look after EVERYONE, but our Govt instead uses divisive 'wedge issues' like Rwanda & the strike to scare & manipulate people into believing scapegoats like asylum seekers & unions are responsible for Britain's problems.
Given a supportive news media, it's easy to manipulate people: having endured a decade of #austerity, & now a #CostOfLivingCrisis, it's hidden from voters that from 2009-19, the collective wealth of Britain's richest 1,000 people INCREASED by £480 BILLION.
Read 6 tweets
Oil prices tripled in the 1970s & inflation rose between 71 & 74, when the Tories were in Govt. Relatively powerful Unions fought for higher wages during a #CostOfLivingCrisis, the 'three-day week' lasted from 1 January - 7 March 1974, & nobody whined like hypocrite Mr 37251688.
What are the chances? 🧐
Plot twist!
Read 5 tweets
This government lied to you, brutalised asylum seekers, and provoked death threats against #HumanRights lawyers

All to collect data to better target racial hatred #ECHR #Rwanda Image
Read 26 tweets
🔥New @NEF report 🔥 w/ @DominicCaddick

As UK families face #CostOfLivingCrisis the @bankofengland will hand out 💰£57bn💰 to banks by 2025, boosting their profits!

Equivalent to sending every🏡 £2000, cancelling out rise in energy price cap.

We need a policy rethink🤔
🧵
1/ Image
Overwhelming attention has been given to how changes in interest rates may increase the government's net debt servicing costs - and that QE has reduced the average maturity of government liabilities from 15 years to 4 years etc...
See 🙌👏 @WhelanKarl karlwhelan.com/blog/?p=2087
2/ Image
While many (i.e. @Niesr) have done interesting, arguably controversial, analyses of some of the potential costs to the tax payer of the monetary policy framework and rate rises...
3/
ft.com/content/90025f…
Read 24 tweets
#THREAD on this great article by Bruno De Oliveira.

69% of low-income private renters in England will be unable to eat & heat their homes at least one day per week because of rising living costs, the UK charity Crisis recently warned.

#CostOfLivingCrisis
theconversation.com/cost-of-living…
The poorest 10% of households spend up to three times more of their family budget on food & energy bills as compared to the wealthiest 10%, according to the Resolution Foundation. The IFS estimates that inflation rates for these poorest families could reach over 10% in 2022.
A growing body of evidence strongly suggests that #austerity policies are at least partially responsible for life expectancy stalling in England & Wales.

New research into social #inequality & mental distress shows, the psychological impact is profound.

onlinelibrary.wiley.com/doi/abs/10.100…
Read 12 tweets
#THREAD on Katherine Birbalsingh's fondness for Roger Scruton.

The Govt's Social Mobility Tsar's blog (2016 - 19) is accessible online. On April 15th, 2017, she wrote that she wants "to give them (her pupils) the chance to be just like Boris Johnson". 😬

tomisswithloveblog.wordpress.com
"I’m in the game to change the stars of the children we teach, to give them the chance to be just like Boris Johnson (ie be articulate & knowledgeable & have all doors open to them in life)... Michaela make(s) social mobility a possibility for anyone who chooses to work hard." 😬
Birbalsingh expresses her adoration for @Conservatives' favourite controversial hard-right reactionary traditionalist contrarian intellectual grifter, Roger Scruton, after a visit to her Michaela school - she compares him to Brad Pitt.😬

Let's talk about Roger Scruton...
Read 56 tweets
A great & timely read: 'Spin Dictators: The Changing Face of Tyranny in the 21st Century', by Sergei Guriev & Daniel Treisman.

How a new breed of dictators hold power by manipulating information & faking democracy.

Does Britain have a #SpinDictator?

press.princeton.edu/books/hardcove…
#THREAD

Over the past 40 years or so, the face of dictatorship has changed a great deal. Could Britain's increasingly antidemocratic & authoritarian Government mean Britain could be joining the likes of Hungary, Turkey & Rwanda in becoming an autocracy?

ft.com/content/ff7574…
The most notorious tyrants of the 20th century, including Hitler, Stalin, Mao Zedong & Idi Amin, ruled by means of mass violence, cults of personality, rigid ideological conformity, all-encompassing censorship & the exclusion of unwelcome foreign influences from their countries.
Read 28 tweets
#THREAD

Under the Tories, the proportion of pupils eligible for free school meals has risen again, & now stands at 22.5%.

Nearly 2 MILLION schoolchildren in English schools were eligible for free school meals at the start of this year, government data shows.

#SunlitUplands Image
22.5% of pupils in English schools were eligible for free school meals (FSM) in January - an increase of 160,000 on last year's figure - described as "shocking" by headteachers' leaders.

This thread is based on this article:

tes.com/magazine/news/…
School leaders' Unions warned that these pupils' circumstances could become even "more severe" due to the #CostOfLivingCrisis & called for additional funding "for both educational & pastoral support".

No doubt the Mail & Tory MPs will ramp up their anti-union rhetoric, as usual. ImageImage
Read 16 tweets
#ThoughtForTheDay

Bonuses in the financial & insurance sector have hit a record high, growing by 27.9% over the last year, while average wages in the same period grew by just 4.2% - nearly £6BILLION was paid out in City bonuses in March alone.

#LevellingUp #CostOfLivingCrisis
“There is no justification for such obscene City bonuses at the best of times – let alone during a #CostOfLivingCrisis. While City executives rake it in, millions are struggling to keep their heads above water.” - Frances O’Grady, TUC general secretary.

theguardian.com/business/2022/…
“Working people are at breaking point, having been left badly exposed to soaring bills after a decade of standstill wages & universal credit cuts. Ministers have no hesitation in calling for public sector pay restraint, but turn a blind eye to shocking City excess.”

#JoinaUnion
Read 5 tweets
Johnson latest bluster

- 6 months ago supply and demand would have stabilised
- then Putin started the war
- no reference to inflationary pressures which were happening before the war
- the speech references Ukraine, Putin, the Queen frequently to confuse search engines later
- over time economic pressure of Ukraine will lessen
- not using uncontrolled immigration to sort workforce
- getting people off benefit in to work
- repeated all measures so far (£37billion)
- back Britain (search engine red herring)
- mentions fiscal responsibility (austerity coming)
- last year largest growing economy in G7 (because we dropped furthest)
- no Government can protect everyone from all pressures (?nothing more coming)
- you can't spend your way out of it (more austerity)
Read 10 tweets
Before the @Conservatives came to power, in 2009, 26,000 people used food banks. Now, well over 2 MILLION do.

Yet since 2009, the wealth of the UK's richest 1,000 people - many of them the Tory donors Nadine Dorries refers to - INCREASED by £500 BILLION.

12 years of catastrophic Tory misrule has brought Britain to the brink of a #HumanitarianCrisis.

Millions have to choose between eating & heating. 1 in 6 have used a food bank this year, & for the first time, donations to food banks are drying up due to the #CostOfLivingCrisis
In response, Tory-supporting tax-avoiding foreign/non-dom billionaires are ramping up the #propaganda - as they ALWAYS do when greedy selfish bastards like them have taken more than their fair share. So rather than focus on food banks, we get the demonisation of Unions & workers.
Read 4 tweets
Whoever rebranded “

Economy a shambles”
as
“cost of living crisis”

deserves a pay rise #marketing #spin #CostOfLivingCrisis #inflation
The inflation is really big...
Read 3 tweets
The @Conservatives & Boris Johnson are in BIG trouble: Johnson performed worse than Major & May in their leadership challenges in 1995 & 2019, & he faced as much opposition as Margaret Thatcher did in the first round of her leadership contest in 1990.

theconversation.com/boris-johnson-…
The history of such confidence votes in leaders of the @Conservatives tells us that they almost always end up damaging both the leader AND the party, even when they support the incumbent.

We have seen this happening on three successive occasions over the past 32 years.
A #voteofnoconfidence itself inevitably weakens rather than strengthens the position of the leader & this erodes support for the party among the voters.

Polling consistently shows that the Wakefield & the Honiton & Tiverton by-elections are likely to result in two losses.
Read 6 tweets
I find myself writing yet another thread on the crisis facing Free School Meals, but can’t help think it’s probably my most important

There are currently two major issues combining to create a crisis in schools & the leadership of ALL political parties need to step up & act now
Firstly, as the Teaching unions highlighted this week 👇🏻 because of the #CostOfLivingCrisis there is a desperate need to increase Free School Meals eligibility to everyone claiming Universal Credit

Feeding families struggling in destitution should be everyones top priority
Secondly is the fact that FSM, specifically Universal Infant Free School Meals is desperately underfunded

Schools with UIFSM get a grant of £2.34 per meal

£2.30 = 2011 average cost + last years 4p rise

Thats £2.34 to cover everything

Ingredients, Staff, Utilities, everything!
Read 26 tweets
It’s fabulous to see the Teaching Unions putting forward a united message about expanding Free school meals and prioritising those children in greatest need

This is something I’ve been saying for years and years

Delighted to see them catch up and speak out
I’m less enamoured with those who’ve spent huge political capital promoting Universal FSM

It’s clear the UIFSM policy has few if any health or educational benefits, it’s underfunded & wasteful

All along, we should have be focused on FSM support going to those in greatest need
I very much feel that a proposal to expand FSM to everyone receiving Universal Credit would be better received by ministers if it were allied to abandoning UIFSM and reusing the funds on those in need

It’s hard to argue for both increased targeted support & universal FSM
Read 8 tweets
#THREAD

Tony Blair's son, Euan, who started his career in investment banking & now has a £22 MILLION London home, founded an apprenticeship training BUSINESS now valued at £700 MILLION, & has been awarded an MBE for "services to education".

In the UK, social mobility is dead.
Last year it was reported that Euan Blair's start-up – Multiverse – had been valued at £639 million, making him worth around £160 million.

I'm sure it's just a coincidence his dad is Tony Blair.

But did he really benefit from an accident of birth?

tatler.com/gallery/tony-b…
Nothing against Euan Blair, & I don't know much about his Multiverse business, but imho his life trajectory highlights unequal Britain's absence of true meritocracy & the abject failure of successive Govt's to break the elite stranglehold on top jobs & improve social mobility.
Read 60 tweets

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