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Recent articles by Sean Matthews
Ce n’est pas un crime de se réfugier 0 commentsRecent Articles about Ireland / Britain Economy
The Recession and housing
ireland / britain | economy | news report Thursday October 09, 2008 00:22 by Sean Matthews - 1 of Anarkismo Editorial Group sovietpop at gmail dot com
Article written for the Irish anarchist paper "Workers Solidarity"
The recession in the economy means that working people are having to come to terms with growing house repossessions, below inflation pay-increases, and a steep rise in the cost of living. Meanwhile, property developers and banks are busy using the credit crunch and the downturn in the housing market to get Government bail outs, despite the fact that it was their speculative polices that helped created the mess in the first place.
According to Brendan Cunnane, a spokesperson from the Construction and Property Group, the developers will be “asking the Assembly, the Executive, and the local banks as key enablers in the sector, to work with us and resolve those issues by finding a zone of possible agreement to move forward” (Belfast Telegraph 31/07/08).
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