Posts Tagged ‘Austerity’

The central issue of this election is a mystery wrapped in an enigma

by Michael Meacher.

The key issue of this election,behind all the superficial flashy giveaways, is paying off the deficit. It still stands this year at £92bn when Osborne pledged in 2010 it would be £37bn or below – a discrepancy of £55bn, not exactly a minor slippage. So how exactly, after 5 years in which Osborne has tried […]

Vote Tory and you’ll never have it so good again

by Michael Burke.

There is an old joke, not a very good one, that the definition of a consultant is someone who you pay to tell the time who then asks to borrow your watch. Osbornomics, the specific variant of austerity economics that operates in Britain is similar. The British economic ‘recovery’ is the centrepiece of the Tory […]

Another hit for low-paid workers revealed – one of Osborne’s £12bn hidden benefit cuts

by Michael Meacher.

Following my post on the further £12bn welfare cuts promised by Osborne if the Tories win, I received an email from one of those persons who read it, Sue Tuke, with some devastating new revelations about how the proposed cuts to Universal Credit when self-employed claimants miss their monthly targets will likely be part of […]

£12bn more cuts will crucify poorest in society and are not necessary

by Michael Meacher.

So the Tories are able to tell us that Labour plans to cut the deficit (which they have never seen) will increase costs by precisely £3,028 per household, a figure now definitively rubbished by the Institute of Fiscal Studies and which the Tory party chairman has now admitted is mere “guesswork”. Yet they can’t tell […]

Extreme and dangerous Tory spending cuts

by Grahame Morris.

The Chancellor’s final budget was less than twenty hours old before Liberal Democrat Treasury ministers tried to disown it by presenting an alternative ‘yellow’ budget, before abusing parliamentary privilege to deliver it as a ministerial statement. However, no matter how many budgets the government presents none of them can hide from the fact that the Coalition […]

Austerity has failed everyone but the rich

by Newsdesk.

The following letter signed by trade union leaders, MPs, campaign activists & economists which appeared in the Guardian, has called for the biggest mobilisation possible against austerity at the People’s Assembly national demonstration on Saturday 20 June: In what we hope was his last budget, George Osborne made a series of false claims about his […]

Austerity and economic failure to continue

by Michael Burke.

The Tory election campaign is based on the claimed success of the government’s economic policy, as the hype around the latest budget confirms. In reality the Tories’ economic record has been unprecedentedly poor. Their economic policy is not primarily aimed at increasing growth or prosperity but rather at effecting a fundamental change in the economy […]

Is Labour doomed? Not if we end austerity

by Phil Burton-Cartledge.

Tucked away in a barely-publicised corner of The Telegraph’s web edition is this piece forecasting Labour’s possible extinction. There isn’t much to the article, the paper quotes Jon Cruddas (who else?) speculating about the possibility of Labour’s death before moving on to attack Ed Miliband’s pledge to introduce compulsory profit-sharing schemes. Let’s come back to Cruddas. In the context […]

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 […]

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 […]

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