Posts under ‘Public Spending’

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 […]

Five questions from Costas Lapavitsas to Syriza’s leadership on their Euroland deal

by Jon Lansman.

This is a translation of a blog by Costas Lapavitsas who was Professor of Economics at London’s SOAS until he was elected as a Syriza MP this year. He is known as a Eurosceptic critic of the more Europhile stance of the Syriza leadership, though his criticisms are more reserved than those of Syriza’s 92-old […]

How the austerity con works

by Michael Burke.

‘The Austerity Con’ is the title of a recent article in the London Review of Books. It is written by a leading Keynesian economist Professor Simon-Wren Lewis, who is also a fellow of Merton College, Oxford. It deserves to be widely read because it contains two important arguments against austerity. The first argument nails the […]

Using public procurement for a fairer Scotland

by Dave Watson.

More than £10bn of Scottish taxpayers cash goes on buying goods and services in the private sector. This procurement activity could do much more to deliver the Scottish Government and other public bodies policy aims. Last year the Scottish Parliament passed the Procurement Reform Act and the EU passed a new Procurement Directive. These provide […]

Labour must outline a new settlement for public services

by Michael Meacher.

The future of public services is at a watershed in this election. The independent Resolution Foundation has calculated that Tory plans to balance the deficit by 2018 mean £37bn more cuts still to come. The stark truth of that means a cut in local government spending of no less than 42% between 2010-18, nearly halving […]

Tsipras versus Cameron: people versus bankers

by Michael Burke.

David Cameron became the first elected politician in Europe to criticise the election of the Syriza government in Greece and was quickly followed by George Osborne. This might seem odd as Britain is outside the Eurozone and has limited direct influence over its policies. But the urgent and unrestrained nature of the criticism is very revealing about what is at […]

Labour would do better being anti-austerity, anti-war and anti-corporate says poll

by Jon Lansman.

According to new polling evidence from YouGov, not just Labour voters but also the party’s swing voters prefer “a leftist Labour Party than a Blairite one” as Stephan Shakespeare, YouGov’s CEO puts it, adding: “People are not as attracted to the mushy centre as they were five years ago“. The poll shows big majorities for an agenda […]

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