Posts Tagged ‘Austerity’

We must unite to end Tory austerity

by Steve Turner.

In recent years, “Economic credibility” has laughingly been defined as an economic policy that has delivered neither sustainable economic growth nor improved living standards for the overwhelming majority of people. Indeed, the Tories’ austerity has even failed on their own very narrow definition of success of reducing the debt to GDP ratio.

Corbyn sets out vision to transform Britain’s economy

by Newsdesk.

Last week Jeremy Corbyn set out his vision for the British economy at a major speech at Bloomberg. Railing against the austerity economy that has failed so many, from workers at Sports Direct to those on zero hour contracts, the Labour leader pledged to create an economy built on investment, tax justice and harnessing the […]

UNISON backs Corbyn

by Andrew Berry.

UNISON’s National Labour Link met Friday in Newcastle. This is a gathering of UNISON delegates that pay into the Labour Link that will decide the unions policy in the Labour Party. Whilst most of the packed agenda was already set weeks ago there was only really one topic on people’s minds, namely the prolonged coup. Members […]

Our understaffed underfunded NHS is the result of government ideology

by Diane Abbott.

Jeremy Hunt had few answers from the barrage of cross bench concern this week’s parliamentary debates on the NHS funding and the impact of Brexit on the NHS. When asked what he was doing to ensure that the NHS gets the £350million a week that it was promised during the Leave referendum campaign, the Secretary […]

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 […]

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