Capital was led to use a latent reserve military by means of women workers. As during WWI, women had been drawn into the labour force through the pugilative battle. Additional labour power was made available by the encouragement of the Tory Government of the 1950’s for immigration, from the Carribean particularly. Again, the importance of that should not be underestimated.

We have seen the consequences of a complete market solution for healthcare, when various costs for services have been introduced. Increases in oral charges resulted in a significant reduction in the number and rate of recurrence with which people went to the dentist. The same was true with opticians charges, which was significant given the number of other illnesses that can be recognized by opticians looking into the eyes.

But, in fact, what this shows is that in relation to Health all of the contradictions that apply to Capitalism generally operate here too. The Monopoly of the Truck System, supposed that they could screw their workers by adulterating the products sold to them, for example. His answer was to increase their income significantly, also to promote the thought of “Company Devotion” therefore, with the introduction of other facilities for the worker. The increase in efficiency more than covered the cost.

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  • Huge dilution to the NTA

As an outcome … Read more

The peak last July was the result of uncertainty in the run-up to the July 21st EU Summit. There were strong rumours that Private Sector Involvement (PSI) and bond writedowns would be a feature of most bailout programmes. Greek and Portuguese yields similarly raised. Since it was, PSI was limited by Greece while Ireland and Portugal were ‘rewarded’ with significant reductions in the interest rates on the EU loans.

This has proven to be a good investment for the banking institutions. The newest Money and Banking Statistics from the Central Bank or investment company show that the protected banking institutions holdings of Irish government bond are worthy of €16.3 billion. The yields fell to around 8.5% by early September and stayed around there until Spanish borrowing costs exploded in late November.

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The Irish 9-calendar year yield briefly threatened to come back to the 10% mark, but the jump in past due November was accompanied by a steady decrease to 7% over another two months. This fall started a month or more before the ECB launched its Long Term Refinancing Operations (LTRO) that provided near to €1 trillion to eurozone banks. For … Read more

Most teenagers know they’ll be working longer into old age than their grandparents’ and parents’ era. They also know that when they actually finally stop working, their condition pension will be less generous. The recent review of the state pension by John Cridland, former Director General of the Confederation of British Industry, was a blow to workers who are in their mid-40s and younger. It suggested the condition pension age be lifted to 68 between 2037 and 2039 – seven years earlier than planned.

Reports now suggest the federal government is considering bringing this forward to 2030, which would affect those in their mid-50s. All this means that teenagers should save earlier – and harder – to ensure financial comfort in pension. Fortunately that starting quicker may take the sting out of keeping.

Here, we look at some of the options available to young savers. The best place for employees to start is with a workplace pension. She provides: ‘Cash may very well be tight, but even small amounts put away every month into a pension will continuously build up as time passes with the energy of compounding.

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New guidelines now require companies to give a pension for most … Read more