Osborne’s sacking of Martin Wheatley, head of the Financial Conduct Authority (FCA) says it all. His sin was that he was too tough on the banks. The banks are the most powerful section of the Establishment which runs Britain, and Osborne is one of their chattels who does their bidding when half of the Tories’ […]
Posts Tagged ‘George Osborne’
Osborne’s budget is not dissimilar to 2010 – it will have the same effects
Jul 10th, 2015 by Michael Burke.Most media coverage of the Budget is predictably sycophantic and wrong. An objective assessment is that the amount of fiscal tightening planned in this Budget is exactly the same as outlined in the June 2010 Budget. The June 2010 Budget planned tightening of £40bn, but £3bn of this was the projected fall in interest payments. […]
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Blairite triangulation & personality politics paved way for Osborne’s nasty party
Jul 10th, 2015 by Jon Lansman.Jeremy Corbyn really doesn’t do personal attacks and nor does his campaign. You can therefore rest assured that the spoof Facebook page promoting Liz Kendall for Conservative Leader has nothing to do with team Corbyn. The Telegraph yesterday claimed it “opens up fresh Labour divisions” based on criticisms of the spoof by Kendall supporting John Woodcock MP. But negative […]
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It isn’t a ‘lower tax, higher wage’ economy as Osborne boasts, it’s actually a higher tax, lower wage economy
Jul 10th, 2015 by Michael Meacher.One has to give it to Osborne, he’s extremely good at branding whatever he doesn’t like with a clever, pejorative – but false – jingle. ‘The merry-go-round on welfare’, ‘strivers versus shirkers’, ‘Labour left behind this economic mess’ , and ‘austerity’s painful decisions are the only way to cut the deficit’ immediately spring to mind. […]
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Osborne’s decadent budget
Jul 9th, 2015 by Phil Burton-Cartledge.Let’s scotch a myth that’s been multiplying like typhus in news about the so-called emergency budget. George Osborne is no “political genius”. Take a look at the measures he’s outlined. All of them are imprinted with his partisan political economics designed as traps for the Labour Party. The cut on corporation tax – any attempt to […]
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Would a Rachel Reeves budget yesterday have been much different?
Jul 9th, 2015 by James Elliott.Ahead of yesterday’s budget, in which George Osborne laid out £12bn of welfare cuts, a continued squeeze on public sector pay, the abolition of student maintenance grants and higher tuition fees, Labour’s ‘opposition’ front benchers went out of their way to agree with Osborne’s narrative of austerity. Still reeling from the General Election, or now […]
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Tory budget announces higher tuition fees and the scrapping of maintenance grants
Jul 9th, 2015 by James Elliott.George Osborne announced the Tories’ latest attack on higher education in today’s budget, announcing that for some institutions fees will rise in line with inflation, and also that grants will be abolished for the poorest students. Osborne’s budget document states measures will, “include allowing institutions offering high teaching quality to increase their tuition fees in line […]
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Pre-budget memo to Osborne: records show austerity won’t cut deficit
Jun 29th, 2015 by Michael Meacher.Osborne’s 8 July budget will be forced through in the teeth of all economic experience. The history of the last 70 years demonstrates one conclusion irrefutably: austerity is the wrong way to cut deficits. After the second world war had dramatically drained Britain’s wealth and left the country with colossal debts amounting to 260% of […]
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Tories’ pre-election fantasising comes back to haunt them
Jun 27th, 2015 by Michael Meacher.Northern powerhouse deflates into Northern power-cut. It was so hurriedly propagated by Osborne before the election as portraying the government as dynamic innovators of English devolution, but none of the details had been properly worked through, including the required transport infrastructure as we now know. So the election gimmick, if not evaporated, has dimmed at […]
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Why the economy is in far worse shape than Osborne admits
Jun 23rd, 2015 by Michael Meacher.Osborne’s portrayal of the British economy as having “the fastest rate of recovery of any advanced nation in the world”, which he again repeated yesterday, is sheer poppycock. He continues to boast that GDP growth can be expected to average some 2.5% per annum over the period ahead, but on every key economic indicator that […]
