Posts under ‘Public Spending’

Labour should embrace borrowing to break with austerity

by Luke Barratt.

It’s probably better for your health if, as a Corbyn supporter, you don’t watch the Daily Politics at the moment. Those of us still addicted to the hectoring headmaster that is Andrew Neil have had to endure a cacophonous chorus of moderates who want to do moderate things like tear the Labour Party apart by […]

Memo to Jeremy & John: it’s the country’s deficit that matters, not the government’s

by Bryan Gould.

A major factor in Jeremy Corbyn’s appeal to voters in the recent leadership election – and potentially to the wider electorate as well – was his brave assertion that austerity was the wrong response to recession and was doing absolutely avoidable damage to both economic performance and social cohesion. That assertion not only gave fresh […]

Austerity – It’s Not Working and it’s Not Popular!

by Matt Willgress.

Jeremy Corbyn’s landslide victory in the Labour leadership election was the clearest sign yet that not only is austerity not working, it’s increasingly not popular. Before Jeremy’s entrance into the leadership race, on a clear anti-austerity platform that argued for a progressive alternative based on investment rather than cuts, the leadership campaign had begun with […]

Osborne stirs up more shit in which to bury himself in

by Michael Meacher.

Quietly and surreptitiously Osborne is marking out his pitch for the leadership. The trouble is, it’s thoroughly bad pitch. By denigrating opponents of privatisation he has set his face against the 70% of the population who earnestly want rail re-nationalised, a proportion so large that it must include nearly half who’re Tories. Osborne must assume […]

Carney’s rose-spectacled survey of the economy as Parliament returns does not convince

by Michael Meacher.

The UK economy’s ticking over fine: that’s the view of Carney, Osborne’s man. So that’s alright then. Or is it? With time-honoured spin we were treated to the most optimistic scenario on every count, with the flip-side downturn kept carefully out of sight. His central message was that “there is no clear evidence of deflationary […]

Labour’s panicky establishment referencing the wrong period in history

by Ann Pettifor.

“This young country will be proud of its identity and its place in the world, not living in its history, but grasping the opportunities of its future.” Tony Blair: Leader’s speech, Brighton, 1995. Tony Blair and those associated with Blairism embraced globalisation and studiously ignored Labour Party history – except to denounce and disown “Old Labour”. […]

Cameron-Osborne’s vendetta against the young could prove their downfall

by Michael Meacher.

Osborne really has got it in for young people – unless of course they are poised to inherit their grandparents’ £1 million home or will benefit from a higher inheritance tax threshold. It will be young people who cop it from changes to universal credit that will deduct benefits faster as they earn more. That […]

The Cruddas review doesn’t undermine Corbyn – it shows an anti-cuts, pro-growth message can win

by Nathan Akehurst.

Our appetite for cuts is abstract. Ask the median voter if they support ‘balancing the books’, and of course – as Jon Cruddas’ independent review into Labour’s election loss points out – the answer will be a resounding ‘yes.’ The intuitive analogy of household budget and national economy has been honed by the Conservatives for […]

Jeremy Corbyn announces universal free childcare in gender equality manifesto

by James Elliott.

Jeremy Corbyn today announced a manifesto for gender equality, titled, ‘Working with Women’, with a range of policies including universal free childcare, an end to cuts to welfare and public services, mandatory equal pay audits and protecting women’s refuges for survivors of domestic violence. The manifesto spans a woman’s life, starting from early years and schooling to […]

Moderates and extremists: What is the Labour Left today?

by James Elliott.

The near-deafening media hysteria over Jeremy Corbyn, variously described as a ‘veteran’, ‘hard left’, and always ‘hirsute’ socialist candidate for Labour leader reached new levels this week, with Progress dragging out Tony Blair to tell 43% of the party that they needed a heart transplant if they want Corbyn to be leader. Owen Jones has […]

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