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Rishi Sunak

We Need A New Trade Union Of The Poor Rooted In The Global South

Chaos reigns in the United Kingdom, where the prime minister’s residence in London – 10 Downing Street – prepares for the entry of Rishi Sunak, one of the richest men in the country. Liz Truss remained in office for a mere 45 days, convulsed as her government was by a cycle of workers’ strikes and the mediocrity of her policies. In her mini budget, which doomed her government, Truss opted for a full-scale neoliberal assault on the British public with both tax cuts and unacknowledged cuts to social benefits. The policies startled the international financial class, whose political role emerged clearly as wealthy bondholders indicated their loss of faith in the UK by junking government bonds, thereby increasing the cost of government borrowing and raising the mortgage payments for homeowners.

Hours Into The Job, Rishi Sunak Is Already Facing New Strikes

Spare a thought for new PM Rishi Sunak – or don’t, if you’d prefer. Either way, he’s only hours into the job of prime minster and already facing a new wave of strike action. This time, it’s coming from the University and College Union (UCU). However, we already know Sunak’s views on strikes – and they don’t bode well for workers. UCU members have been striking across 2022 over pay and conditions. As Bywire News previously reported, the industrial action earlier in the year: centred around universities inflicting a 25% real-terms cut to staff pay since 2009. But UCU members have also been striking over their pensions. The pension fund that runs higher education staff’s retirement pots put in a cut of around 35% to members’ final pay-outs. So, tens of thousands of staff at dozens of universities repeatedly walked out in the first part of the year. But there was a catch. Because the UCU initially couldn’t reach the legal threshold for industrial action nationally, members did ballots at individual universities. So the action wasn’t totally coordinated. However, that’s just changed.
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