Posts Tagged ‘Austerity’

Good riddance IDS: long may this internal warfare continue

by Phil Burton-Cartledge.

When you’re the head of a department that has meted out cruel and inhumane treatment to disabled people, when you’ve sat in the Commons and nodded through cut after sanction regime after tightened eligibility criteria, at what point do you say enough and call time over your complicity in these proceedings? Does one draw a […]

The boom, not the slump, is the time for austerity

by Ann Pettifor.

The following is a letter by Professor John Weeks and Ann Pettifor, published today, 15th March 2016 in The Guardian.  Andrew Harrop’s article on John McDonnell’s public borrowing for investment points out its improvement on the chancellor’s deficit obsession (John McDonnell’s new fiscal rule is strong, but it’s no election winner, The Guardian, 11 March). […]

John McDonnell’s very political economics

by Phil Burton-Cartledge.

What have they been putting in John McDonnell’s coffee? According to some, John’s embrace of fiscal responsibility, tight spending, and deficit reduction is a surrender to “the capitalist parasites“. And proving you cannot please some people no matter what you say, there have been criticisms from the right of the party arguing that his economics […]

Labour right-wing still in the austerity dead end

by Michael Burke.

Rachel Reeves, a former Labour shadow secretary for work and pensions, has produced a short note for Progress which has been hailed in the right wing media, and by the Labour right, as ‘an alternative Budget’. The New Statesman was perhaps the most excitable, describing Reeves as the shadow chancellor in waiting. All of this […]

World finance ministers complacent at threat of a synchronised downturn

by Ann Pettifor.

“For the proposition that supply creates its own demand, I shall substitute the proposition that expenditure creates its own income”  (JM Keynes Collected Writings, Volume  XXIX,  p81) G20 Finance Ministers met in Huangzhou, China recently and refused appeals from both the IMF and the OECD for “urgent collective policy action” that focussed “fiscal policies on investment-led […]

The growth of movements for real change have been a long time coming

by Steve Turner.

Last week Tony Blair professed bafflement at the rise – on both sides of the Atlantic – of popular movements by people who in Blair’s view choose to “rattle the cage”. I think this is a mischaracterisation. Those who have been energised into supporting Sanders, Corbyn and movements such as Podemos and Syriza want to […]

No hiding place for Osborne

by Matt Willgress.

As George Osborne gets his excuses in early for the troubles to come, now is the time to expose the failures of ideologically driven austerity, writes Matt Willgress of the Labour Assembly Against Austerity The British mainstream media is now so clearly biased in favour of the ruling party it can sometimes seem as if […]

Bring a new politics into local democracy

by Newsdesk.

The following statement has been issued by the Labour Representation Committee On the basis of a hasty and highly selective reading of the letter sent to Labour councils by Jeremy Corbyn, together with John McDonnell and Jon Trickett, some right-wingers are claiming that the leadership has endorsed their existing strategy towards implementing the cuts. Likewise some […]

Alternative Autumn statements: continued Tory failure versus Corbynomics

by Michael Burke.

Having spectacularly failed in his stated goal of eliminating the deficit in the last parliament, George Osborne is repeating his experiment in this one. Both the June 2010 and 2015 Budgets proposed ‘fiscal tightening’ of £37 billion. In the first of these Budgets the main method was cuts in public spending. In the second it […]

We should stand up to anti-migrant rhetoric by fighting for homes, jobs and services

by Diane Abbott.

David Cameron’s net migration target has been exposed as an unworkable policy. In reality, it is classic scapegoating tactics, being used to distract people from the effects of government spending cuts, such as the crisis in the NHS and the increasing unaffordability of housing. All the Tories have to offer is yet more destructive cuts. […]

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