Posts under ‘Public Spending’

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 […]

Osborne’s claim of a let-up in austerity in next 5 years is a lie

by Michael Meacher.

George Osborne didn’t deliver a budget yesterday. He delivered a party political broadcast on behalf of the Tory party in which analysis of the macroeconomic state of the economy, which is the real purpose of budget statements, was almost totally absent. Osborne’s speech yesterday had two aims. One was to give the impression that the […]

George Osborne’s core vote budget

by Phil Burton-Cartledge.

I don’t know where this idea originates from but apparently, at least in Conservative Party circles, George Osborne is considered something of a political genius. Then again, among his people, Michael Gove is thought of as an “intellectual”. So we’re talking a very low bar here. Yet wanting to see the best in everyone, I’ve patiently […]

What the 3 main parties aren’t telling you: a radical way out of austerity

by Michael Meacher.

On budget day this Wednesday (18 March), I and 16 other contributors are launching in the House of Commons our book What the Three Main Parties are not Telling You: A Radical Way out of Stagnation and Inequality as a counter-blast to Osborne’s demand for another 5 years of austerity. Mariana Mazzucato refutes the conventional […]

Corporate tax dodging is father of austerity

by Michael Meacher.

Industrial scale tax evasion and avoidance is not only symptomatic of the insatiable greed of the hyper-rich and the over-mighty corporations, it also serves another purpose which is much less recognised. The touchstone of the neoliberal ideology is globalisation – let the markets be all-powerful and governments get out of the way. That is served […]

Tory cuts will put public services and NHS at risk

by Grahame Morris.

We are less than ten weeks away until the general election when the country will give their views on five years of Coalition Government and the policies of austerity. Despite promising to balance the budget in a single parliament, the Prime Minister and Chancellor have missed their target on the deficit by £83 billion. It […]

Osborne budget: watch out for impossible future service cuts he’d rather keep hidden

by Michael Meacher.

Osborne’s last budget in a week’s time will proclaim the usual fanfare of ‘long-term economic plan’ brilliantly succeeding, if not quite Bush’s ‘Mission Accomplished’. Forget that the deficit today is touching £100bn, not the £37bn Osborne predicted in 2010 – any private sector director who got his sums that wildly wrong would be sacked on […]

Austerity didn’t even cut the deficit

by Michael Burke.

The Coalition parties are set to feature deficit reduction as a central achievement of their time in office as part of the election campaign. The economic crisis is driven by the excessive saving of the private sector – its refusal to invest. As the government’s deficit is a response to this private sector saving, cutting […]

The truth about Labour and Austerity

by Paul Cotterill.

The labour movement’s post-election battleground: Part I of II Back in January, I was invited by Left Futures to provide a response to a post by Trevor Fisher.  Trevor considers Labour a lost cause when it comes to austerity. This is his conclusion: The objective of the austerity movement is to destroy everything that Lloyd […]

The Tories won’t win because they’re barking up the wrong tree

by Michael Meacher.

George Eaton in the New Statesman has done us a service by revisiting the informative audit of the 2010 election by the Tory pollster Lord Ashcroft, entitled Minority Verdict, which throws new relevant light on the likely outcome of the present election campaign. In 2010, despite Labour polling the second lowest total of electors since […]

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