BONANZA FOR THE BANKERS!
BONANZA FOR THE BANKERS!
Overnight, the Bank of England has found an extra £50 billion for the banks and financial institutions. It’s called ‘Quantitative Easing’ (QE).The Bank buys bonds and other financial pieces of paper. The high street banks then lend this money to businesses and home-buyers, helping the economy to grow. But they don’t.The loot goes into financial speculation and bank reserves instead. Governments have spent £375 billion on QE so far – and Britain has gone back into recession. IT’S A RACKET. The unelected ConDem Cabinet of multi-millionaires are helping their corrupt, tax-dodging cronies in the City of London. THERE’S PUBLIC MONEY FOR THE BANKERS, BUT NOT FOR PUBLIC SERVICES, BENEFITS OR PENSIONS. Public spending is being cut by £40 billion in 2012 and an extra £61 billion in 2013.Vital public services and benefits are being slashed, even for the sick and disabled. More than 270,000 public servants have lost their jobs so far. This means huge redundancies in the private sector, too. It’s the same agenda – austerity and privatisation – across the European Union. ● BAIL-OUTS FOR THE BANKERS ● TAX CUTS FOR THE SUPER-RICH ● BUMPER PROFITS FOR BIG BUSINESS And redundancies, pay freezes, benefit cuts and higher prices for the rest of us. That’s why the Communist Party says:
Overnight, the Bank of England has found an extra £50 billion for the banks and financial institutions. It’s called ‘Quantitative Easing’ (QE).The Bank buys bonds and other financial pieces of paper. The high street banks then lend this money to businesses and home-buyers, helping the economy to grow. But they don’t.The loot goes into financial speculation and bank reserves instead. Governments have spent £375 billion on QE so far – and Britain has gone back into recession. IT’S A RACKET. The unelected ConDem Cabinet of multi-millionaires are helping their corrupt, tax-dodging cronies in the City of London. THERE’S PUBLIC MONEY FOR THE BANKERS, BUT NOT FOR PUBLIC SERVICES, BENEFITS OR PENSIONS. Public spending is being cut by £40 billion in 2012 and an extra £61 billion in 2013.Vital public services and benefits are being slashed, even for the sick and disabled. More than 270,000 public servants have lost their jobs so far. This means huge redundancies in the private sector, too. It’s the same agenda – austerity and privatisation – across the European Union. ● BAIL-OUTS FOR THE BANKERS ● TAX CUTS FOR THE SUPER-RICH ● BUMPER PROFITS FOR BIG BUSINESS And redundancies, pay freezes, benefit cuts and higher prices for the rest of us. That’s why the Communist Party says:
CAPITALISM?
CAPITALISM?
WE CAN’T AFFORD IT
WE CAN’T AFFORD IT
www.communist-party.org.uk
www.communist-party.org.uk
WHAT CAN BE DONE?
WHAT CAN BE DONE?
There is an alternative to crisis, cuts and privatisation. You can take these steps and make it happen:
There is an alternative to crisis, cuts and privatisation. You can take these steps and make it happen:
STEP ONE: Fight the cuts. Support workers taking action to defend jobs and living standards. Britain can afford decent public services, pay, pensions and benefits.This is still the fifth wealthiest country in the world – except that 10 per cent of the people own two-thirds of the wealth. That’s why the Communist Party says: ● Tax the rich, big business and City speculators ● Clamp down on the tax dodgers and their tax havens
STEP ONE: Fight the cuts. Support workers taking action to defend jobs and living standards. Britain can afford decent public services, pay, pensions and benefits.This is still the fifth wealthiest country in the world – except that 10 per cent of the people own two-thirds of the wealth. That’s why the Communist Party says: ● Tax the rich, big business and City speculators ● Clamp down on the tax dodgers and their tax havens
STEP TWO: Unite around policies for economic growth, full employment and social justice. ● Nationalise the City banks and markets, the railways, water, gas and electricity. ● Scrap Britain’s nuclear weapons and save £100 billion. ● Invest in manufacturing, public sector housing, green energy and public transport.
STEP TWO: Unite around policies for economic growth, full employment and social justice. ● Nationalise the City banks and markets, the railways, water, gas and electricity. ● Scrap Britain’s nuclear weapons and save £100 billion. ● Invest in manufacturing, public sector housing, green energy and public transport.
STEP THREE: Get active in the trade union, peace, community, students’ or pensioners’ movement. ● Demand Labour Party policies to put people before big business profits. ● Campaign for the People’s Charter. ● Read the Morning Star – the daily paper of the left.
STEP THREE: Get active in the trade union, peace, community, students’ or pensioners’ movement. ● Demand Labour Party policies to put people before big business profits. ● Campaign for the People’s Charter. ● Read the Morning Star – the daily paper of the left.
JOIN THE COMMUNIST PARTY – FOR WORKING CLASS AND PEOPLE’S POWER!
JOIN THE COMMUNIST PARTY – FOR WORKING CLASS AND PEOPLE’S POWER!
TAKE THE ROAD TO SOCIALISM WITH THE COMMUNIST PARTY
TAKE THE ROAD TO SOCIALISM WITH THE COMMUNIST PARTY
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