Posts under ‘Public Spending’

Carney’s rose-spectacled survey of the economy as Parliament returns does not convince

by Michael Meacher.

The UK economy’s ticking over fine: that’s the view of Carney, Osborne’s man. So that’s alright then. Or is it? With time-honoured spin we were treated to the most optimistic scenario on every count, with the flip-side downturn kept carefully out of sight. His central message was that “there is no clear evidence of deflationary […]

Labour’s panicky establishment referencing the wrong period in history

by Ann Pettifor.

“This young country will be proud of its identity and its place in the world, not living in its history, but grasping the opportunities of its future.” Tony Blair: Leader’s speech, Brighton, 1995. Tony Blair and those associated with Blairism embraced globalisation and studiously ignored Labour Party history – except to denounce and disown “Old Labour”. […]

Cameron-Osborne’s vendetta against the young could prove their downfall

by Michael Meacher.

Osborne really has got it in for young people – unless of course they are poised to inherit their grandparents’ £1 million home or will benefit from a higher inheritance tax threshold. It will be young people who cop it from changes to universal credit that will deduct benefits faster as they earn more. That […]

The Cruddas review doesn’t undermine Corbyn – it shows an anti-cuts, pro-growth message can win

by Nathan Akehurst.

Our appetite for cuts is abstract. Ask the median voter if they support ‘balancing the books’, and of course – as Jon Cruddas’ independent review into Labour’s election loss points out – the answer will be a resounding ‘yes.’ The intuitive analogy of household budget and national economy has been honed by the Conservatives for […]

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 […]

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