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11 August 2021

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News in brief

Big-pharma vaccine price hike

Photo: Frolicsomepl/CC

Photo: Frolicsomepl/CC   (Click to enlarge)

Big-pharma bosses can't be trusted. After many firms taking public money for vaccine development or promising to take "marginal" profits, they are now raising prices. Pfizer have raised vaccine prices by over 25%, and Moderna by more than 10% for their latest EU supply contracts.

The majority of the world's population is still yet to receive a first dose, those who live in the poorest countries are the least likely to receive a vaccine. Vaccination for profit does not work. The big-pharmaceuticals, vaccine manufacturing and supply must be brought into democratic public ownership as part of an internationally planned socialist vaccination programme to meet the needs of all.

Bankers' bonanza!

The Covid cap on bank shareholder pay-outs has been lifted. Shareholders at Barclays, Lloyds and NatWest are set to benefit from 22 billion in dividends over the next two years.

While the rest of us suffer, it's been a good few months for the banks. HSBC has seen its profits more than double to 7.8 billion in the first half of this year. This is the same bank that is midway through a 'restructuring programme' to axe 35,000 jobs.

To congratulate themselves for all of this 'success' the banks are busy stashing cash for bonus pay-outs. Barclays has just increased its bonus pool from 749 million per year to 1.1 billion. Makes you want to grow up and become a banker!

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In The Socialist 11 August 2021:


NHS

Defend the NHS. Fight the Tory pay insult. Prepare strike action!

NHS: Kick out the privatisers, Fight for funding, Build for strike action


News

Tory government nationalises Sheffield steel plant

Tory cuts worsened crime and Johnson 'blitz' won't help

Fight energy price hike

Thanks to the miners - an example of workers' struggle and solidarity

News in brief


Comment

Olympic 'success' masks cuts and inequality in sport

Starmer's faithful Guardian


Campaigns news

Capitalism = climate catastrophe

Rising against a rigged and rotten system - Socialism 2021

London Pride cancelled - pandemic shows protest Pride is necessary

London: Hundreds protest for trans rights

Save Newham's theatres from Labour council cuts!

Socialist Party young members summer school

A day in the life of a young hospitality worker

West Midlands: austerity and capitalism offers no future for young people

Why I joined the Socialist Party

Don't privatise Dudley libraries

Socialist Party: Solely funded by the working class

Review - The Struggle for World Socialism


Housing

Waltham Forest: Fighting for a home for Nadia and homes for all


History

August 1991 - The aborted military coup in the 'Soviet Union'


Workplace news

Ballot majority essential to continue DVLA strike action

Night tube strike suspended to allow talks - scrap compulsory duties!

RMT strike solid on East Midlands rail

You need a union when the time comes to fight

Unions protest at exploitative Leicester company Food Attraction

Over 3,000 votes for fighting socialist programme in CWU

NSSN to lobby TUC


International news

Beirut's devastating port explosion one year on


 

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Related links:

Vaccine:

triangleSacking non-vaccinated care workers will not save lives

triangleReaders' comments

triangleMake vaccine technology public, nationalise big-pharma

triangleCapitalism responsible for stark global Covid vaccine inequality

triangleThe Socialist Inbox

Pay:

triangleScunthorpe scaffs strike for pay

triangleNapo AGM 2021: Union placed on war footing

triangleGwent valleys Stagecoach bus drivers strike for fair pay

triangleUniversity workers ballot for strike action

Banks:

triangleTories plunge millions further into poverty

triangle10 years since Occupy

triangleLondon floods: Privatisation and heavy rain are a dangerous mix

Bankers:

triangle10 years since the financial crash - the socialist answer to capitalist crisis

triangleThem & Us

Article dated 11 August 2021

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