Cost of living crisis – Protests – Saturday 12 February
Cost of living crisis
Protests against austerity
Saturday 12 February
austerity
Austerity isn’t back. It never went away
NEF analysis shows a fall in living standards for the lowest paid half of the population, and a big increase in incomes for the top 5% of earners. On this evidence, the point that austerity has never gone away is irrefutable. The government clearly has an interest in misleading the population on this point.
The assault on living standards
The government and its allies have launched a huge attack on living standards, accompanied by a major propaganda offensive that wages are rising sharply.
The Tories are attempting something even Thatcher and austerity could not achieve
The government of an advanced industrialised country may choose to engineer a sharp rise in unemployment in an attempt to restore profitability, or it may choose to try to cut wages. But both stratagems entail high risk. Combining the two is exceptionally high risk. Under the cloak of the public health crisis which their own policies have helped to create, the current government is attempting such a strategy.
The drive to make the working classes pay for the crisis
The British ruling class is gearing up for an enormous offensive, compelled by the logic of capitalism itself.
The working class and its allies need to be prepared for the coming onslaught.
Record low growth and worse to come – Boris Johnson is not ‘deficit-financing growth’
The claim from the Tory government and its army of media supporters that the latest Budget has ended austerity is completely false. It is very important for the left and the labour movement as a whole that they grasp the character of the new attacks to come, so that they can resist them.