Posts under ‘Public Spending’

Greek elections: support the popular struggle against austerity

by Newsdesk.

The following is a statement by the Greece Solidarity Campaign issued this afternoon Greece stands on the brink of momentous change. The forthcoming general election presents huge, transformative opportunities to the people of Greece – and to Europe more widely. The anti-austerity party SYRIZA – and the movement and people as a whole – has […]

The killer argument against PFI

by Michael Meacher.

We have always known that PFI was a con trick (i) to take construction and management costs of hospitals and other public buildings offline so they don’t appear in the national accounts, and (ii) to secure the extremely lucrative privatisation of yet another public service at taxpayers’ expense. But the evidence of how the new […]

Osborne decimating the State will finally trigger the resistance

by Michael Meacher.

Osborne’s central objective, he would have you believe, is to cut the deficit. He has failed: the deficit he predicted would be £40bn this year turns out to be £100bn and, worse still, it is actually now rising because of the fall in the government’s income (tax receipts) brought about by his own policy of […]

Osborne’s been caught red-handed – when’s Labour going to take him down?

by Michael Meacher.

Osborne over-reached himself badly last week, what with bare-faced lies, twisting of the figures to save his own skin but which no independent expert can validate, childish responses to well-placed questions which left him rattled and blustering, concealing his real underlying motive to take Britain back to the enfeebled state of the 1930s, insisting in […]

The real chill in the Autumn statement

by Dave Watson.

A budget package in December may not be Autumn, but it certainly had a real chill for those least able to afford its consequences. This was a classic Osborne budget statement. Massive real cuts, sugar coated by handing back a few pennies in the form of announcements on the NHS and infrastructure. Yes, Scotland will […]

Even by Osborne’s standards this is the most dishonest budget since the war

by Michael Meacher.

This was the thinnest Autumn Statement (mini-budget) in living memory. There was nothing new in it of any significance except the change from the slab system to the stepped system for stamp duty. But on the key issue which underpinned the whole statement, namely that this year the deficit is rising, not falling, there was […]

Osborne checkmated by his own austerity

by Michael Meacher.

Politics has a curious way of coming back to haunt politicians in a way they never intended or expected. Osborne is a case in point. The whole thrust of his austerity strategy, as he repeatedly told us, was to eliminate the structural deficit in this Parliament. On that basis he predicted in 2010 that the […]

Pain, no gain: the Austerity scam

by Jon Lansman.

To coincide with the Autumn Statement, PRIME Economics has published an excellent short pamphlet  Pain, No Gain: the Austerity Scam by John Weeks (Emeritus Professor of Economics, SOAS, University of London) which explains just why the deficit is not a problem – indeed is a necessary part of the solution – for the UK economy. In examining the […]

Cameron tries to blame foreigners for UK ‘recovery’ fizzling out

by Michael Meacher.

It’s a bit rich for Cameron, in his statement yesterday from Brisbane, blaming the world out there, particularly the eurozone, for the fading UK recovery when those countries are pursuing almost exactly the same economic policies as he is. That is relentless and unending austerity, which he conspicuously failed even to mention. Now that the […]

Privatisation of energy risks lights going out this winter

by Michael Meacher.

The effects of the UK privatised energy system are now becoming clear, not only in cartel pricing and poor service , but also, critically, in loss of energy security. As a result of the latter there are real risks of blackouts this winter. The Big Six privatised companies’ failed to invest on a scale that […]

© 2015 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma