Socialist Organiser

The weekly of the fused Workers Socialist League, July 1981 to April 1984

All the way from the bank '83

Socialist Organiser no. 134, 2 June 1983 · scan p. 3 · about 501 words

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Press Sữn to Labour E И messageHowe: government for the rich, by the rich IMAGINE a group of 219 people. 130 of them (58%) are company directors, sharing 400 directorships between them. 37 (17%) are barristers, 36 (16%) farmers or landowners, and 53 (24%) consultants or "advisers" to banks or businesses.

A typical cross section of the ruling class! A random sample of today's capitalists?

Maybe, but these statistics apply to the 219 Tory MPs who were not ministers in the last government and who are standing for Parliament again. (Ministers, by law, have to give up their directorships).

Wondering why the banks and finance houses have done so well out of Thatcherism?

12 Tory MPs are directors of such businesses. including Jonathan Aitken (Aitken Hume), the Rt. Hon. Geoffrey Rippon (Britannia Arrow), Sir Hugh Fraser (Sun Alliance and London) and Esmond Butler (National Westminster).

Health

And what about the rundown the National Health Service?

The Tory benches feature John Browne MP, Director of the Churchill Private Clinic, and three other Directors of pharmaceutical industries.

Or how about our "free media" , with 1l Tory MPs as directors of media and publishing companies, including the Rt. Hon Maurice Macmillan (of Macmillan), Tim Brinton (East Kent Radio), Sir Paul Bryan (Granada TV and Piccadilly Radio); Frederick John Silverster (J. Walter Thompson), and Sir Geoffrey Johnson Smith (LWT [Holdings]).

Other famous names crop. up in the shadowy field of "consultants/parliamentary advisers": John Browne (Barclays. Bank International); Sir Bernard Braine (Police Superintendants Association); and many others employed by bosses organisations in the building and other trades, and multinational corporations.

Thirty-nine MPs (including Ministers) are "members of Lloyds": a nasty little capitalist enterprise if ever there was one.

The system involves putting up your assets (minimum, €50,000) against possible insurance losses. This brings you a financial return on your £50,000 plus, but as you don't actually have to part with it, you're free to invest it elsewhere: so you can invest your money twice!

And to stop the £50,000 being wiped out, in the event of Lloyds having to pay out insurance money, you can ... insure yourself against this; and get the insurance to pay!

Members of Lloyds include Tory junior and senior ministers in the Treasury department, the ministries of Defence, Education, Science, Energy, Foreign and Commonwealth Affairs, and the Welsh and Northern Ireland Offices.

Alike

- Of course, Tory and Labour governments alike will govern in the interests of big business. But at least in the Labour Party we have a chance to establish Party policy which is in the interests of the working class (through conference) and to hold our MPs accountable to the working class (through local Parties' rights select).

But no wonder Tory policies have been so anti-working class and pro the bosses. they're not only the Party for the capitalists; they're the Party of the capitalists!

Heseltine: Haymarket Publishers..

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Mail Peoples march for jobs

Carrington: Rio Tinto Zinc. IGWU Ak TORTOME UTE

← Contents of Socialist Organiser no. 134

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