Osborne’s rotten “recovery”
Tory chancellor George Osborne claims to have an economic recovery. If there is one, it’s not much of one, even in broad capitalist terms. On the latest figures, business investment, the central measure of the accumulation of capital, was down 2.7% on a year previously.
In narrower terms, bosses and bankers have been doing well for a while. Take-home pay for the average boss of a top-hundred (FTSE 100) company was up to £4.3 million in 2012, an increase of 10 per cent on the previous year. In 2010-11, FTSE 100 bosses took an average pay rise of 12%.
- Read more about Osborne’s rotten “recovery”
- Log in or register to post comments