By Nicky Dempsey
George Osborne’s latest Budget makes it clear that austerity policies will continue for years to come, for at least another five years. He also announced a cap on welfare expenditure, a toxic effort to blame the poor and unemployed for the crisis of the financial sector and capital in general.
The struggle against austerity in Britain has moved up a gear.
The recent anti-bedroom tax protests were very broad-based geographically and in layers of support. The campaigns against local hospital closures are also gaining widespread support and are increasingly coordinated.
There is very little attempt to disguise the class interests served by George Osborne’s latest Autumn statement.
The government claims that its overriding aim is to reduce the public deficit yet corporation tax is to be cut once again, now down to 21 per cent. Altogether the statement includes £5.7 billion in tax cuts and giveaways to the corporate sector over the next several years. At the same time a series of partial freezes on welfare entitlements and tax thresholds, holding them to one per cent increases – which is below the rate of inflation, show that the burden of the crisis continues to paid for by workers and the poor.
By Stephen MacAvoy
George Osborne’s latest budget launched another assault on living standards of millions of people whilst defending narrow interests and further entrenched the policies that are creating economic stagnation. Only a clear break with these policies will prevent a detrimental impact on the living standards of the majority and years of slow growth.
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