An emergency budget is due on September 23. Liz Truss’ government will borrow £150bn to give to the already engorged energy companies. Kwarteng, the Chancellor, will further redistribute wealth to the rich, whilst speaking about the importance of growth with no policies to achieve it. The people pick up the tab.
To assist an increase in the rate of exploitation, Johnson’s government has prioritised boosting profits at every turn. Freezing public sector wages, cutting benefits, ‘fire and rehire’ and the outrageous attack at P&O are all part of the drive to anchor wages lower.
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.
Spain’s minority PSOE (socialist) government has fallen and new elections are scheduled for 28 April.
The claim for the latest Tory Budget is that ‘austerity is coming to an end’, and has been dutifully echoed by the Tory press and the BBC.
In reality austerity policies will continue long into the future, extending the longest recorded fall in living standards in this country.
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.