REGION | IMGpapers 1976

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Articles on Abortion, Education, Fascism, Ireland, Labour Party, Racism, Students, S. Africa, Portugal, Spain, Zimbabwe.

peace CO POLITICAL COMMITTEE Day of Action march on 26th May.

"This budget must be one of the most reactionary ever produced by a Labour Chancellor!!. The Tribune group's comment is not far off the mark. The latest stage in the Social Contract, accepted without so much as a whimper by the TUC, pledges itself to savagely wages while allowing prices to rise unchecked. Already, under the 10% norm that limited wage increases to £6, real standards have plummeted Tightening this further to which the TUC was able to will mean ever - deeper inroads into living standards at a time when inflation is soaring at over 15% a year. On they will drop by it will be those least able to bear it who will be lasked!

the and the savage social sermade earlier this year.

Despite the Ired herring' of tax concessions, the deal accepted by the TUC means that the least able While those those earning 2200 can get fight for it.

One of Healey's justifications for neca to curb the rapidly-rising jobless total. Driving down living stand- sacrifices', ards to cut unemployment which 'ram Social Contract back in 1974) is iust nonsense. Far from cutting unemployment, the latest deal can (and will) only add to the already estimated to reach the one and a nait minion Freezing wages while allowing prices to rise unchecked has one aim: to push up the profit margins of British industry which has found itself increasingly unable to compete in overseas markets due to its antiquated techniques. inincreasing profit margins is seen as vital to providing the capital to by the Wilson government in 1964 with its series of mergers and of Modernising British industry will not mean more jobs, however, as Healey pretends, but throwing yet more on the dole. The attempt by the National Enterprise Board to pour massive funds into Chrysler or British Leyland has not been to save jobs but to create a more efficient firm at the direct expence of thousands.. In Chrysler, alone, the bailing-out! operation led to The 42% wage freeze agreed to

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SOCIALIST ACTION