Campaigning for a Bailout for Public Services

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Conference
2025 National Delegate Conference
Date
24 February 2025
Decision
Carried as Amended

Conferences notes:

1)Public services have been left to crumble. Tens of billions of pounds of funding shortfalls for NHS, education, housing and local authorities exacerbate the enormous detrimental impact of years of underinvestment and privatisation of key services;

2)All of these services have been significantly worsened as a result and many are on the brink of collapse. One in four local authorities in England may go bust by 2026-2027, the NHS is constantly in crisis near full capacity, and the privatisation of rail has left the travel and shipping infrastructure in tatters;

3)Universities are facing a specific funding crisis with many in deficit, some at risk of bankruptcy, and most carrying out cuts and course closures affecting our members’ jobs;

4)Corporate profits in the UK are at an all-time high. A 2024 study of 17,000 companies found that profit margins have increased by 30 percent since the pandemic, fuelled in part by profiteering off of the inflation crisis. A September 2024 statement by the Bank of England stated that the high level of corporate profiteering was actually fuelling the continuation of the cost of living crisis. At this time of an immense cost of living crisis and decaying services for the working class, companies in energy and water are prioritising record dividend payouts to shareholders.

Conference calls on the National Executive Council to:

a)Initiate a campaign calling for the government to organise a bailout for public services;

b)That this campaign call for a £500billion investment in public services, funded by a tax on corporations and the super wealthy, renationalisation of all services and insourcing of all associated work, and a mass recruitment and training programme for all understaffed services.