Posts Tagged ‘Austerity’

Why does Labour stick to Tory austerity plans the stats show can’t be achieved?

by Michael Meacher.

Osborne’s boast that he would shrink the welfare state to its small scale in 1948 has been definitively scuppered by a report from the Office of National Statistics (ONS). These official figures reveal that there are at least 6 major areas of public expenditure which are currently escalating rapidly and make it impossible to reconcile […]

Why most people are getting poorer

by Michael Burke.

Most people in Britain are getting poorer. For obvious reasons, the government and supporters of austerity would prefer not to discuss this fact. Yet in the strained language of the Labour right, there has also been a clamour for Ed Miliband to ‘change the narrative’ on the economy by no longer talking about the cost […]

The economic contradictions of Mr Miliband

by Ann Pettifor and Jeremy Smith.

There is much to welcome in Ed Miliband’s address last Saturday to the Labour Party’s national policy forum. For example, his argument that Britain suffers from a low-pay economy. While the number of those in employment has grown, real pay has fallen dramatically over the lifetime of the present government. At PRIME, we calculated the fall in real […]

Trade unions vote against ending austerity in 2015

by Jon Lansman.

The climax of Labour’s formal policy process this weekend which had involved 1,300 amendments from local parties to eight policy documents, filtered down and composited by 77 regional representatives, was a debate on austerity. That’s fitting given that it is the foundation of the Coalition’s disastrous economic policy and, unfortunately, in a lighter version, of Ed Balls’s approach too. […]

Labour’s approach to central austerity question is still badly flawed

by Michael Meacher.

The biggest issue at the coming general election will be how the deficit is to be handled over the next 5 years. The Tory proposal is to continue with the cuts till 2018-9 by which time they claim the structural deficit will have been eliminated. Their real and stated objective is to have continued with […]

EU, the Grand Coalition and austerity. Where does Italy’s Renzi stand?

by Tom Gill.

The choice of Juncker as the next president of the European Commission is in total continuity with the harmful policies of rigor imposed in recent years by the Troika. The Italian prime minister on the one hand seems to beat his fists against the diktats of Berlin, on the other hand make us believe – […]

What’s wrong with striking for £1 an hour when richest 1,000 double wealth by £20bn?

by Michael Meacher.

No-one wants to strike, least of all the strikers who lose wages they can ill afford, but what do you do when public sector workers’ pay has been cut in real terms by 8% in the last 6 years and the employers flatly refuse to offer a very modest pay rise to at least try […]

Support the 10 July strike

by Owen Jones.

This Thursday (10 July) the government is facing the largest public sector strike since 2010. Pay freezes and below-inflation pay rises have reduced public sector workers’ pay by 20% since the coalition came to power in 2010, public sector pensions have been attacked and public services have been slashed across the country. So members of the […]

Why GMB members will be striking in Academies on 10th July, but not UNISON

by Andy Newman.

Next Thursday’s strike on 10th July looks set to be well supported, based upon the feedback I am getting as a GMB branch secretary. People are at the end of their tether, facing rising living costs, and pay packets that have shrunk in real terms. Local authority pay has gone up only 1% since 2010 and in October […]

Labour will inherit a crisis, not a recovery

by Michael Burke.

At a certain point in the next few months the recession in Britain will officially be over as the real level of GDP will finally exceed its previous peak in the 1st quarter of 2008. The media coverage will be generally very favourable, in the hope that this will boost the Tory vote and vindicate the […]

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