Posts under ‘Public Spending’

Jeremy Corbyn announces universal free childcare in gender equality manifesto

by James Elliott.

Jeremy Corbyn today announced a manifesto for gender equality, titled, ‘Working with Women’, with a range of policies including universal free childcare, an end to cuts to welfare and public services, mandatory equal pay audits and protecting women’s refuges for survivors of domestic violence. The manifesto spans a woman’s life, starting from early years and schooling to […]

Moderates and extremists: What is the Labour Left today?

by James Elliott.

The near-deafening media hysteria over Jeremy Corbyn, variously described as a ‘veteran’, ‘hard left’, and always ‘hirsute’ socialist candidate for Labour leader reached new levels this week, with Progress dragging out Tony Blair to tell 43% of the party that they needed a heart transplant if they want Corbyn to be leader. Owen Jones has […]

Greece: not “reforms” but a triumph of ideology over common sense

by Bryan Gould.

As the Greek crisis unfolds, we are constantly informed by the world’s media that the European power-brokers will agree to a further bail-out only if Greece implements a programme of “reforms”. Most people will see this as confirming their understanding of what the crisis is about. The Greeks, it seems, have mismanaged their economy; so […]

Osborne’s budget is not dissimilar to 2010 – it will have the same effects

by Michael Burke.

Most media coverage of the Budget is predictably sycophantic and wrong. An objective assessment is that the amount of fiscal tightening planned in this Budget is exactly the same as outlined in the June 2010 Budget. The June 2010 Budget planned tightening of £40bn, but £3bn of this was the projected fall in interest payments. […]

It isn’t a ‘lower tax, higher wage’ economy as Osborne boasts, it’s actually a higher tax, lower wage economy

by Michael Meacher.

One has to give it to Osborne, he’s extremely good at branding whatever he doesn’t like with a clever, pejorative – but false – jingle. ‘The merry-go-round on welfare’, ‘strivers versus shirkers’, ‘Labour left behind this economic mess’ , and ‘austerity’s painful decisions are the only way to cut the deficit’ immediately spring to mind. […]

Jeremy Corbyn in his own words

by Heiko Khoo.

This is how Jeremy Corbyn introduced himself in the Newsnight Labour leadership debate on 17 June: “I was first elected to Parliament 32 years ago, and I’ve spent that time in Parliament representing my constituency and standing up for rights and justice in Britain and all around the world. I believe that is the function of […]

Pre-budget memo to Osborne: records show austerity won’t cut deficit

by Michael Meacher.

Osborne’s 8 July budget will be forced through in the teeth of all economic experience. The history of the last 70 years demonstrates one conclusion irrefutably: austerity is the wrong way to cut deficits. After the second world war had dramatically drained Britain’s wealth and left the country with colossal debts amounting to 260% of […]

Wages, profits & investment In Greece

by Michael Burke.

The IMF has placed a road-block in the way of a deal with the Greek government and it remains unclear whether any agreement can be reached. The prior agreement which the IMF rejected was itself already very onerous. But the IMF wants to shift the burden of paying for the crisis away from taxes on […]

Why I went on the anti-austerity march & regret Labour’s leaders weren’t there too

by Diane Abbott.

Last weekend I attended the huge anti-austerity march and rally organised by the People’s Assembly against Austerity in London. Estimates of the size of the rally varied between 70,000 and more than 150,000. But demonstrators poured into London from all over the country, the march was self-evidently huge and it was definitely a great deal bigger […]

Tories’ pre-election fantasising comes back to haunt them

by Michael Meacher.

Northern powerhouse deflates into Northern power-cut. It was so hurriedly propagated by Osborne before the election as portraying the government as dynamic innovators of English devolution, but none of the details had been properly worked through, including the required transport infrastructure as we now know. So the election gimmick, if not evaporated, has dimmed at […]

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