Thursday 10 November 2011

We're all in it together... except for the fat cats

We all remember Cameron’s words - “We’re all in it together”. But public servants are taking a hit for the bankers’ mistakes! The public sector is suffering because of what fat cats have done. We’ve all heard about nurses, social workers and the like losing their pensions, and the temptation is to think “So what?” But this strategy will hurt the private sector just as much... because workers really are all in it together.

In this race to the bottom, private sector workers are suffering too. That’s why it’s a mistake to mock public workers’ “gold-plated pensions” or refuse to sympathise in their struggle. Private sector workers might believe the lie that pensions are an unaffordable luxury  - but it’s time to look at what’s going on in the boardroom.

We recently heard that the salaries of FTSE 100 directors have gone up by 49% on average – and since pensions are linked to pay, you can imagine what’s happened to their pensions. Meanwhile, we are told that pensions aren’t affordable.

The government isn’t opposed to good-quality pension provision either – as long as it goes to the very richest.  £10billion of tax relief  on pensions- that’s a quarter of what’s on offer -  goes to the richest 1%. In other words, private sector pensions are gold-plated, but only for the bosses.

That’s why we shouldn’t let them set private sector workers against those in the public sector. We really are all in it together. That’s why we should march together on November 30th to demand a fair pension for all workers. Speak to your colleagues about the great pensions rip-off and keep checking back here for more!

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