Bob Crow, General Secretary of the RMT, states that the privatised rail industry "is profiteering on £1.3bn in unpaid tax, and is using a deferred-tax loophole intended to encourage investment to fund massive increases in dividend payouts to shareholders. This tax is unlikely ever to be paid, and is effectively a hidden subsidy that dramatically increases profit levels."
Related Posts
Science Museum Group workers strike for a living wage
Members of Prospect union in the Science Museum group have been on strike over wages, with minimum hourly rates falling significantly below the real living wage whilst directors’ salaries have grown substantially. Socialist Appeal pledges solidarity!
Myths of Marxism: what’s the difference between socialism and communism?
Are the terms ‘socialism’ and ‘communism’ interchangeable? Thomas Soud from the Warwick Marxists sets out to answer this question.
BA Cabin Crew: Jerry speaks out!
Running simultaneously and arguably as crucial as the election for
Unite’s General Secretary itself is the BA dispute and a proposal to
‘settle’ it. 12 months ago British Airways cabin crew on an 80% turn
out, voted by a brilliant 92% to take strike action to defend their hard
won terms and conditions. The dispute started as a result of the
imposition and erosion of ‘Terms and Conditions’ but has been diverted
by British Airways and is now being defined by staff travel and the
disciplinary process. But with scores of cabin crew suspended and a
dozen sacked, the proposed ‘deal’ is already unravelling.