Tweet debtIf there’s one thing that haunts Labour, however much the Tories are determined to commit hara kiri, it is the accusation that ‘Labour was responsible for all this mess in the first place’ by gross over-spending. Since this is not true, why doesn’t Labour refute it at every opportunity? Just before the crash in [...]
Posts Tagged ‘Deficit’
Why is Labour so reticent about spelling out the true position on debt?
May 20th, 2013 by Michael Meacher.
Austerity isn’t supposed to help the economy – but to protect the rich
Mar 11th, 2013 by Mike Hedges.Tweet With Osborne’s fourth budget approaching, the Tory austerity programme is clearly in trouble. The news that a majority of people now think the cuts are not working is bad news for the Chancellor. This follows the stinging rebuke delivered to David Cameron on Friday by the independent Office for Budget Responsibility (OBR) which rebutted [...]
What should be done to prevent a triple-dip recession?
Nov 12th, 2012 by Michael Meacher.Tweet Despite the welcome (and unexpected) rise in GDP in the last quarter, there is still no getting away from the fact that UK GDP has stagnated over 4 quarters, is still more than 3% below its level at the start of 2008, and is widely expected to slip back again over this winter and [...]
Why is Labour so timid?
Sep 29th, 2012 by Michael Meacher.Tweet It’s all very well for Ed Balls to announce that the next Labour government will be ‘ruthless and disciplined’ over public spending and will carry through a zero-based spending review to justify every pound spent. Of course that’s right since nobody in their right mind can believe that the Tory spending cuts can be [...]
There’s nothing to stop another financial crash
Sep 12th, 2012 by Michael Meacher.Tweet One of the great unspoken scandals of the post-2007 financial crash era is that no reform of the banking system has been put in place, though domestically the bank bail-out will cost UK taxpayers some £1.4 trillions by 2015 and globally the crash nearly collapsed the world economy. Despite those gigantic detriments, 5 years [...]
Osborne goes for broke – making Britain broke
Aug 23rd, 2012 by Michael Meacher.Tweet Is there anybody left in Britain who seriously believes that Osborne’s strategy is a success and the right way to cut the deficit? Well, yes, step forward, John Redwood. But who else is there? The perversity of carrying on with the present policy is mind-blowing. Despite the savagery of the cuts already inflicted, the [...]
The worrying 35 per cent: how can we convince the country?
Aug 4th, 2012 by Meric Apak.The problem for me though is that according to a recent YouGov poll, 35% of the public still hold the last Labour Government solely responsible for the cuts, 27% the current Government and 28% both.
The UK’s budget deficit is rising not falling
Jul 24th, 2012 by Michael Burke.Tweet The latest public sector borrowing data shows that the UK budget deficit is widening once more. Indeed despite a series of accounting adjustments which obscure the true picture, it is clear that the underlying trend is also towards rising, not falling deficits. Bookmarks Hide Sites
To consolidate its lead Labour now needs to correct 3 major mistakes
Jul 23rd, 2012 by Michael Meacher.Tweet With business leaders, even the director general of the British Chambers of Commerce, now slamming Osborne’s policy for indecision, equivocation, short-termism and political manipulation, Labour must now be poised to take a decisive lead in the crucial area of economic policy. But if it is going to consolidate a lead which at present is [...]
Cameron attacks welfare system like a dart board
Jun 27th, 2012 by Michael Meacher.Tweet Cameron’s latest foray into populism shows signs of desperation. With IDS’ universal credit the fulcrum of the new welfare system, but now well behind schedule and likely not to be completely rolled out till 2017, Cameron fires off another scatter-gun splurge of anti-welfare pellets, before he or anyone else knows the costs or practicality [...]
