Posts under ‘Economy’

Cameron’s bad day: with more ‘victories’ like this, he’s sunk

by Michael Meacher.

Any objective person watching the Cameron-Miliband TV duel (although it was faux because Cameron was too frit to submit himself to a direct face-to-face contest with Miliband) could be in no doubt that Miliband won. Unlike Cameron, he didn’t get flustered or rattled, and he projected himself more strongly both in personality and on policies. […]

NHS staff in England are being treated even worse than other public sector workers

by Michael Meacher.

It was Nigel Lawson, I think, who once opined that the NHS was the nearest thing the British had to a religion. If so the government has treated its priestly acolytes uniquely badly. The average real pay of NHS workers has fallen by over 10% since 2009. No less than 40,000 are paid below the […]

Extreme and dangerous Tory spending cuts

by Grahame Morris.

The Chancellor’s final budget was less than twenty hours old before Liberal Democrat Treasury ministers tried to disown it by presenting an alternative ‘yellow’ budget, before abusing parliamentary privilege to deliver it as a ministerial statement. However, no matter how many budgets the government presents none of them can hide from the fact that the Coalition […]

Osborne’s boasts were lies – his was not a budget for a prosperous Britain

by Michael Meacher.

The truth finally came out. Osborne claimed that the deficit was being cut this year when in fact that is only due to the exceptional delaying of tax payments till the end of the fiscal year by the super-rich in order to take advantage of the reduction in the top income tax rate to 45%. […]

Austerity has failed everyone but the rich

by Newsdesk.

The following letter signed by trade union leaders, MPs, campaign activists & economists which appeared in the Guardian, has called for the biggest mobilisation possible against austerity at the People’s Assembly national demonstration on Saturday 20 June: In what we hope was his last budget, George Osborne made a series of false claims about his […]

Tectonic plates shifting in world power structure are signs of a new world order

by Michael Meacher.

Something has just happened which got hardly any attention in the media, but which is very important. The recent setting up by China of the Asian Infrastructure Investment Bank may not seem likely to excite the passions, but it should. For this is clearly an intention by the big Asian powers to challenge the World […]

Why we should say NO to welfare cuts in the next Parliament

by Michael Meacher.

There is an auction taking place on the size of the welfare cuts to be imposed in the next 5 years. The Tories are arguing for £30bn cuts in the first 2 years to 2017-8 via no tax rises, £12bn in welfare cuts, £5bn in extra corporate tax evasion revenues, and bigger departmental cuts (up […]

Osborne fiddles the figures – again – on living standards

by Michael Meacher.

In a budget speech spent firefighting against his opponents’ attacks, Osborne’s most eye-catching claim was that household incomes are now higher in 2015 than in 2010. However like everything else this slippery chancellor does, nothing should be taken at face value. And once again the spin he has put on the facts is wildly misleading. […]

Austerity and economic failure to continue

by Michael Burke.

The Tory election campaign is based on the claimed success of the government’s economic policy, as the hype around the latest budget confirms. In reality the Tories’ economic record has been unprecedentedly poor. Their economic policy is not primarily aimed at increasing growth or prosperity but rather at effecting a fundamental change in the economy […]

If you are going to tell porkies, tell big ones

by Dave Watson.

If you are going to tell porkies, tell big ones. That seemed to be the Chancellor’s strategy in yesterday’s budget. It was as if the past five years didn’t happen. The worst fall in real earnings in recorded history a total fall of 7.9% and even this is on the basis of the lower CPI […]

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