Budget sets out plan for permanent austerity

19th March 2014 Socialist Action 0

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.

Budget will fuel growing anti-austerity movement

21st March 2013 Socialist Action 0

By Nicky Dempsey

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.

Autumn statement – crisis paid for by workers and the poor

5th December 2012 Socialist Action 0

By Nicky Dempsey

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.