Posts Tagged ‘George Osborne’

Osborne’s been caught red-handed – when’s Labour going to take him down?

by Michael Meacher.

Osborne over-reached himself badly last week, what with bare-faced lies, twisting of the figures to save his own skin but which no independent expert can validate, childish responses to well-placed questions which left him rattled and blustering, concealing his real underlying motive to take Britain back to the enfeebled state of the 1930s, insisting in […]

Even by Osborne’s standards this is the most dishonest budget since the war

by Michael Meacher.

This was the thinnest Autumn Statement (mini-budget) in living memory. There was nothing new in it of any significance except the change from the slab system to the stepped system for stamp duty. But on the key issue which underpinned the whole statement, namely that this year the deficit is rising, not falling, there was […]

Osborne checkmated by his own austerity

by Michael Meacher.

Politics has a curious way of coming back to haunt politicians in a way they never intended or expected. Osborne is a case in point. The whole thrust of his austerity strategy, as he repeatedly told us, was to eliminate the structural deficit in this Parliament. On that basis he predicted in 2010 that the […]

Fracking: Osborne’s latest 18th century-style ‘folly’

by Michael Meacher.

It’s a safe bet that Osborne’s Autumn Statement this Wednesday will hail a fracking revolution as the start of a new energy cornucopia for Britain.   Like everything else politicians say 5 months before an election, it needs to be taken with a piece of salt.   Only one shale well has been fracked in […]

The case for abandoning austerity is a no-brainer, mathematically, financially and politically

by Michael Meacher.

Labour needs a game-changer to settle the result of the next election once and for all. As it happens it has the perfect opportunity ready to hand. Osborne is foolhardy enough to announce six months before the election that he intends to impose further cuts of £25bn to get on track to eliminate the structural deficit […]

The Osborne forked tongue is cranking up for the Autumn Statement

by Michael Meacher.

The Chancellor’s response to the £1.1bn windfall handed to him by the fine on the banks is a classic in Osborne double-speak. We’re told the money will be “used for the wider public good”. He means tax cuts as an electoral bribe. He says “today we take action to clean up corruption by a few […]

Why austerity can’t eliminate the deficit

by Michael Meacher.

As Osborne has yet again pronounced, the Tory mantra repeated like a broken record is that spending cuts will continue throughout the next Parliament until the structural budget deficit is eliminated by 2019. Labour, to its shame, follows exactly the same line. Yet the ONS Quarterly National Accounts published by the government demonstrate that this […]

Osborne’s own policies shrink tax revenues, yet he cuts more to compensate

by Michael Meacher.

There are now unmistakeable signs that Osborne’s so-called economic recovery is fading, despite all the right-wing think tanks and pro-Tory media to talk it up. A survey of 7,000 businesses by the British Chambers of Commerce has just found that manufacturers have suffered a sharp slowdown in export orders, and even more significantly domestic sales […]

Osborne’s ‘anti-business’ jibe at charities is a cover for eliminating dissent

by Michael Meacher.

Osborne’s latest diatribe at an Institute of Directors meeting against the ‘anti-business views’ of charities, pressure groups and trade unions (he would no doubt include the churches too, but daren’t risk publicly attacking them) is yet another sign of this Tory government’s determination to suppress criticism and squeeze out dissent to ensure the paramountcy of […]

The fantasy of Osborne’s deficit cuts

by Michael Meacher.

The gap between Osborne’s swaggering rhetoric in his conference speech and the cold reality of the Tory public borrowing figures is almost unbridgeable. The key point, though you would never guess it from Osborne’s bluster, is that public borrowing under his stewardship is now rising, not falling. The ONS Public Sector Finances report for August […]

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