Tag Archives: UK

For the makers, the doers and the savers.

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Good morning Tash Appreciators,

This week saw the UK’s Chancellor, George Osborne, deliver his budget for the coming year. In the main, the headlines in response to his speech were taken up by better-than-predicted economic growth; an increase in the amount of money that an individual can earn tax-free; and an increase – to £15,000 – of the amount an individual can put into an ISA (a savings account) tax free each year.

Chancellor of the Exchequer George Osborne

Mr Osborne said:

“We’re building a resilient economy. This is a Budget for the makers, the doers, and the savers.”

Before I throw my thruppence (soon to be known as the pound coin) into this conversation, I should be clear that I have a leaning towards egalitarianism and am therefore biased in this debate. That being said, I question whether this really is a budget for the makers, the doers and the savers.

In the UK, around 1.4 million people are employed in jobs that pay the minimum wage. If you’re over 21, the minimum wage means that you will earn at least £6.31 per hour, or a little over £11,000 (net of tax) per year.

That may sound acceptable but numerous employers disagree. They pay their staff a Living Wage, which is £7.45 per hour generally and £8.80 in London. The Living Wage is calculated by considering what a person must earn to have a minimum acceptable standard of living. On that basis, Mr Osborne is allowing 1.4 million people to be paid a wage which doesn’t even provide the most basic standard of living.

So why is this the case? Well, one answer to that question is that increasing the minimum wage by 39% in London and 18% everywhere else (i.e. to the level of the Living Wage) would be difficult for businesses to support. That’s all well and good, but I wonder whether, after a disastrous few years for our economy, our focus should be on things other than the concerns of businesses.

Last Friday, former Labour MP (he was an MP for 47 years), Tony Benn, died. Some will not have agreed with his politics but something he said has been on my mind this week:

“We are not just here to manage capitalism but to change society and to define its finer values.”

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I don’t have an issue with Osborne crafting a budget to support the makers, the doers and the savers, my issue is that he simply isn’t prepared to do it. He qualifies all his efforts by first testing them against their effect on business. If he really wanted to change society and help those who  make, work and save, he’d pay them a wage which would give them a minimum acceptable standard of living, and then some.

In the end, this all comes down to justice, and whether the notion of justice is a pipe-dream that can ever come true. I say  that it can, if we want it to.

This week’s Tash believed in justice, even when it was difficult and involved sacrifice and compromise. He may be a fictional character, but I still rate him higher than many of our real politicians. I give you Commissioner Gordon, of Gotham City and the Batman trilogy.

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Have a great weekend folks!

What’s next?

Oh Indeed…

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Morning Tash Appreciators,

I was watching the American Office this week when a new boss appeared to ruin Michael’s fun:

That’s Idris Elba and he’s best known for his role in The Wire as the gangster-turned-economics-student, Stringer Bell. 

Despite having a superb Tash, Stringer is not a nice guy. It’s not a plot spoiler to say that he’s a murdering drug dealer who is driven only by cash. However, he’s not an entirely dislikable character. 

The same goes for one of Stringer’s enemies: Omar Little. He’s also a murderer but, rather than dealing drugs, he steals them and sells them to other gangsters. Although, on paper, he’s as bad a man as Stringer, in many ways he’s the hero of the show. Why? Because, in his words, “a man needs a code”, and he lives by his. He doesn’t hurt civilians and he takes his grandma to church on Sundays. That being said, if you saw him in the street you wouldn’t necessarily know that he’s a man of high morals:

The real villains of the show don’t physically hurt anyone. On the contrary, they hold themselves out as being the saviours of the poor people of Baltimore. Unfortunately, they are greedy, conniving, duplicitous and altogether rather unpleasant. Here’s one of them:

That’s Senator Clay Davis. Yes, you got it, it’s the politicians who do the real damage. This is another example of Tash being rocked by a baddie. Clay Davis, and the other politicians in the show, don’t have a code in the same way as Omar; they’re out for power rather than just money and so they’re not as predictable as Stringer. Not only this, but they’re meant to represent the people and so the damage they do is far greater.  

The work of David Simon, the creator of The Wire, is known for being true to real life; he researches everything meticulously. I’m not suggesting that the real Senator for Maryland accepts bribes the same way clay Davis does but I bet that Simon had someone in mind when he wrote the character. 

In this country, I don’t think our politicians are any better. They serve their own purposes, no-one else’s. For example, Theresa May is apparently set to announce plans to take the UK out of the European Convention on Human Rights. 

She’s not doing this because she doesn’t agree with the legislation (the right to free speech – which I’m using here – is, I understand, generally thought to be worth having), she just wants the votes that the Tories are losing to the “latent racism party” (aka UKIP). Our Home Secretary cares more about votes than she does the fundamental rights of citizens. I could go on about the rest of our right-honourable representatives, but I won’t for the moment. 

Give me Omar and his code any day. At least if Omar was Home Secretary, we civilians would be safe…

Have a good weekend folks.

Keep going!