Posts Tagged ‘Austerity’

Did New Labour spend too much?

by Michael Burke.

It is not sufficient for big business to have secured an election victory and an overall Parliamentary majority for the Tory Party. It is also necessary to intervene in the Labour Party to ensure that its leadership also conforms to big business interests too. This currently takes the form of candidates in the leadership contest […]

Osborne has as much chance of a budget surplus in 2018 as of the Titanic resurfacing

by Michael Meacher.

Osborne is telling another of his wheezing yarns which he’s much better at than solving real problems. His first yarn in 2010 was that he would eliminate the structural deficit by 2015; it turns out that it is currently £92bn. His next yarn today is that he will now eliminate it by 2017-8. Fat chance. […]

Abandon austerity: we have nothing to lose but our fears

by Bryan Gould.

The aftermath of election defeat for Labour has been marked by the familiar combination of soul-searching and mutual recrimination. The remnants of New Labour bemoan the supposed failure to address the concerns of middle-of-the-road voters, and point to the lessons they believe should be drawn from Tony Blair’s three successive election victories. Those who would […]

Global economic crisis: has Labour dodged a bullet?

by Ann Pettifor.

While Labour and LibDem activists mourn, and political opportunists seize the moment, is the loss of the election such a bad thing? Might this be a good time to lose an election? I think so. The reasons can be found in both domestic and global financial imbalances, in the advance of de-globalisation trends that are […]

So where does each Labour leadership candidate stand on austerity?

by Michael Meacher.

It really is distinctly premature to hold the first leadership hustings, with the usual banalities of a beauty competition, just 8 days after the heavy defeat when there has been next to no analysis of what went wrong, how it should be put right, what direction the country should now be taken, and why. Since […]

Labour’s new MPs call for party to ditch New Labour and oppose austerity

by Guest.

Ten newly-elected first-time Labour MPs this morning issued a call for the party to take on a bold anti-austerity agenda: Having arrived in Westminster as newly-elected Labour MPs after speaking to tens of thousands of voters during our election campaigns, we know how important it is for the future of our Party to move forward […]

The Tories won a tactical victory – not an endorsement of austerity

by Mike Hedges.

The general election result was not an endorsement of austerity but was a stunning Tory tactical success. The Tories adopted a policy of defending key marginal seats against Labour and UKIP and attacking in Liberal Democrat seats. The strategy worked and lead to a Tory majority government for the first time since 1992. This was […]

If Osborne cuts £30bn as promised, he can’t achieve his deficit reduction targets

by Michael Meacher.

Osborne is now mooting an emergency budget within the next few weeks to lay the foundations for the £30bn fiscal consolidation (aka cuts) to be announced in the autumn spending review. It is made up of £12bn welfare cuts, £13bn reductions in departmental expenditure (aka cuts in public services), and £5bn in tax avoidance measures. […]

Labour will not win until it rejects the politics of austerity

by Mike Phipps.

Irrespective of who succeeds Ed Miliband as leader of the Labour Party, there needs to be a thorough-going discussion about its future strategy. On one side, there will be a new offensive from the remnants of New Labour, claiming it was the radicalism of the 2015 Manifesto that was the cause of Labour’s dire showing. […]

The Labour dogs that didn’t bark in the night

by Michael Meacher.

This has been an odd election in several respects, not least in the degree to which policy has been largely usurped by extraneous factors – initially vilification of Miliband (which the Tories mishandled and were forced to drop), then demonisation of the Scots as though they were some foreign menace (despite pleading with them on […]

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