2011 in UK Plc

Here are a few facts about the performance of the UK economy in 2011.

• In 2011 the executives that run Britain's elite corporations (the FTSE 100) managed to wipe £85 billion off the value of their companies, a loss of 5.5% of market value.
• These executives were not sacked for this dismal performance, they didn't even suffer a commensurate 5.5% cut in salaries. In fact they awarded themselves stonking average salary rises of 49%.
• Meanwhile ordinary working people in the UK received a miserly average salary increase of 1.4% (the fact that the average wage includes the massive rises for the richest 1%,  skews this figure). If we accept the highly conservative official estimates of 5-6% retail price inflation, this means that the average working salary in the UK deflated by over 3%.

Throw in increasing unemployment, skyrocketing utilities and fuel prices, unscrupulous and virtually unregulated landlords, unsustainable house prices, public transport overcrowding and price inflation, the massive scale of UK private personal debt, Osborne's pathetically self-defeating public sector austerity measures and no attempts to rein in the activities of London's parasitic shadow banking sector, the UK economy looks to be in ruinously poor shape.


The naked greed of these corporate executives should be enough to provoke a massive and unstoppable UK wide anti-capitalist movement. However the British general public have now become so docile, apathetic and down right stupid that they would prefer to vote in meaningless Strictly Disabled Celebrity X-Dancing on Ice polls than rise up in protest against a corrupt and impossibly comprimised establishment elite that seem perfectly happy to rake in their huge taxpayer funded salaries and pension contributions, whilst their loyalties are bought by the corporatists with expensive junkets, campaign contributions and the promise of future highly paid executive positions on the side, so that they are incentivised to allow neo-classical capitalism to continue to eat itself from the inside at the expense of everyone in the country but the tiny corporate elite.