Posts Tagged ‘George Osborne’

Gideon’s promise of a Goldilocks recovery is pure fantasy

by Michael Meacher.

George Osborne preened himself – yet again – at the IMF conference 2 days ago that the Western economies are now set for a prosperous future, even as central banks steadily withdraw the lifeline that kept them afloat after the 2008 crash. Apparently normality is returning after the unfortunate blip five to six years ago. […]

Beware Osborne’s massaged figures

by Michael Meacher.

According to the writing on Osborne’s tin, we now have the fastest rate of growth of any major Western country. But as with all tins, it’s as important to think about what it doesn’t say as what it does say, as well as to wonder whether what it does say is realistic and can be […]

Government’s own budget watchdog rips into Osborne

by Michael Meacher.

If you read George Osborne’s budget speech in the Commons, and then read his own Office of Budget Responsibility (OBR) analysis of it, it is like reading Fifty Shades of Grey and then turning to the Handbook of Morality and Sexual Ethics. They’re so much like chalk and cheese that it’s almost impossible to take […]

The magnitude of Osborne’s failure

by Michael Meacher.

Blinded by the cascade of populist trivia in the budget, the sheer scale of destructiveness of Osborne’s economic policies over the last 4 years has been hidden. It is immense. The economy is still after 4 years of austerity 1.4% smaller than in 2008, while the US economy is 5% larger than before the crisis. […]

A budget aimed at the Tory faithful, not the economy

by Dave Watson.

Shiny new coins did nothing to cover up the Chancellor’s blatant attempt to shore up the core Tory vote next year. The budget giveaways were relentless targeted on the comfortably off, rather than those who have been hit the hardest by austerity economics. Changes in tax thresholds may take some out of tax, but they […]

What’s in the box, Gideon? Hand-outs for the rich and a phoney recovery

by Michael Meacher.

Osborne didn’t mention the most important fact about the budget. While the OBR’s growth forecast for this year has been raised to nearly 2.7% (though their previous four have each been grossly over-optimistic), they recognise that this ‘recovery’, such as it is, will fade after 2015. In other words, this is not a real recovery, […]

Today’s Budget and the crisis in Ukraine

by Ann Pettifor.

This year’s Budget takes place at a time of high international tension. The issue of energy security has once again shot to the top of the political agenda. The crisis in Ukraine demonstrates once again the extent to which Britain is exposed to political and economic risks beyond our control. The fact is Britain’s dependency […]

A budget to counter the Osborne wasteland

by Michael Meacher.

Yesterday I focused on Osborne’s overblown and hollow claims about recovery which will pervade his budget tomorrow, but today I propose to answer the obvious retort: so what would you do? First, the haemorrhaging of public service jobs should be ended.  Already 642,000 jobs have been cut from the public sector since 2010, and Osborne […]

That Tory recovery in perspective

by Michael Burke.

This week George Osborne will announce his latest Budget. The specific measures in this Budget were not published at the time of writing. But it is a fairly safe assumption that he will boast that the economy is on track, and that there is a recovery. This is simply an exercise in redefinition. The economy […]

Osborne’s recovery: fiction triumphant over fact

by Michael Meacher.

Osborne’s central pitch in Wednesday’s budget will be that the recovery is strengthening, the economy is coming along nicely, so don’t hand back the keys to the people who caused the mess in the first place. Each of those statements is questionable or wrong. But Labour have boxed themselves in by supporting the austerity line […]

© 2014 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma