Austerity isn’t back. It never went away

15th December 2021 shoreditchadmin2 0

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.

Autumn Statement shows Brexit makes us poorer

8th December 2016 Socialist Action 0

The article below by Tom O’Leary provides an analysis of the recent Autumn Statement including the forecasts for growth and living standards that have been revised sharply lower by the Office of Budget Responsibility. A key point is that the OBR is clear: around 60 per cent of the cuts made to those forecasts are a result of the Brexit referendum vote. Brexit will make us poorer.