Posts Tagged ‘George Osborne’

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. […]

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. […]

Latest growth figure fires Exocet through Tory claims of economic competence

by Michael Meacher.

The Tories couldn’t have timed it better for Labour. A week before the election the official quarterly growth figures halved to a miserable 0.3%. If this continues at the same level (and of course it may well sink lower still), it would produce an annual growth rate of just 1.2%, no better than the vilified […]

Let us now take Osborne apart

by Michael Meacher.

You have to hand it to Osborne, he’s managed to manufacture an entirely false story about the economy and get it accepted as the official narrative explaining what’s happened. First he has tried to make out after 2010 that the financial crash in 2008-9 occurred because the Labour government splurged on spending. But this is […]

The central issue of this election is a mystery wrapped in an enigma

by Michael Meacher.

The key issue of this election,behind all the superficial flashy giveaways, is paying off the deficit. It still stands this year at £92bn when Osborne pledged in 2010 it would be £37bn or below – a discrepancy of £55bn, not exactly a minor slippage. So how exactly, after 5 years in which Osborne has tried […]

On George Osborne’s sorry pathetic car crash interview

by Phil Burton-Cartledge.

If a confrontation with Paxo or Brillo is like going ten rounds with a grizzly bear, spending time on Andrew Marr’s sofa is the political equivalent of a smooch by a pound puppy. Yet this giver of the most gentle of interviews had George Osborne on the ropes in seconds. Of course, if you ask Dan […]

Another hit for low-paid workers revealed – one of Osborne’s £12bn hidden benefit cuts

by Michael Meacher.

Following my post on the further £12bn welfare cuts promised by Osborne if the Tories win, I received an email from one of those persons who read it, Sue Tuke, with some devastating new revelations about how the proposed cuts to Universal Credit when self-employed claimants miss their monthly targets will likely be part of […]

Osborne’s boasts were lies – his was not a budget for a prosperous Britain

by Michael Meacher.

The truth finally came out. Osborne claimed that the deficit was being cut this year when in fact that is only due to the exceptional delaying of tax payments till the end of the fiscal year by the super-rich in order to take advantage of the reduction in the top income tax rate to 45%. […]

If you are going to tell porkies, tell big ones

by Dave Watson.

If you are going to tell porkies, tell big ones. That seemed to be the Chancellor’s strategy in yesterday’s budget. It was as if the past five years didn’t happen. The worst fall in real earnings in recorded history a total fall of 7.9% and even this is on the basis of the lower CPI […]

Osborne’s claim of a let-up in austerity in next 5 years is a lie

by Michael Meacher.

George Osborne didn’t deliver a budget yesterday. He delivered a party political broadcast on behalf of the Tory party in which analysis of the macroeconomic state of the economy, which is the real purpose of budget statements, was almost totally absent. Osborne’s speech yesterday had two aims. One was to give the impression that the […]

© 2015 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma