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 reversed […]
Posts Tagged ‘Deficit’
There’s nothing to stop another financial crash
Sep 12th, 2012 by Michael Meacher.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 on […]
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Osborne goes for broke – making Britain broke
Aug 23rd, 2012 by Michael Meacher.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 whole […]
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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.
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The UK’s budget deficit is rising not falling
Jul 24th, 2012 by Michael Burke.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.
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To consolidate its lead Labour now needs to correct 3 major mistakes
Jul 23rd, 2012 by Michael Meacher.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 much […]
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Cameron attacks welfare system like a dart board
Jun 27th, 2012 by Michael Meacher.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 of […]
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The real reason the polls are up
Jan 25th, 2012 by Michael Meacher.Why are the Tories now standing at their highest polls since the election? This has of course given Ed Miliband’s Blairite enemies, both in the Shadow Cabinet and the PLP, the chance to dump on the leadership which is always the silver lining for them when there’s bad news. They like to claim that, given […]
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Blairites want to go down the Osborne route
Jan 6th, 2012 by Michael Meacher.It’s becoming quite a pattern. The Blairites wait in the wings, biding their time till there’s a slippage in the polls for Labour (caused, bizarrely, this time by Cameron’s Eurozone veto) and then use the opportunity to snipe at the leadership and push their view yet again that Labour should indulge in an orgy of […]
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George Osborne shows he’s learnt nothing from Greece or Ireland
Dec 5th, 2011 by Michael Burke.The Autumn Statement was widely presented as facing up to harsh realities of slower growth, but with George Osborne offering a series of cunning schemes in order to resolve the crisis. And yet, the stagnation of the British economy is a function of government policy, and plans to increase investment by increasing the credit available to smaller firms […]
