Share the funds
4:46pm Monday 24th February 2014 in Letters
Share the funds WHILST the majority of working class people are subjected to “austerity” programmes, big business are accumulating multi-billion pound cash hoards which they are failing to invest.
According to the Financial Times, since the 1970’s the level of profits churned back into the economy as investment has fallen.
For example, Next predict bumper profits of between £685 million to £700 million.
So will they give a “living wage” to its low-paid retail staff? Or maybe they will opt for a £300 million handout to City shareholders? No contest really!
The UK’s biggest companies made £80 billion in dividend payments to rich investors last year!
As I have stated before, there is no need for austerity!
Terry Banfield Cardigan Crescent Cwmbran
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