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[Image: Left Futures.]

[Image: Left Futures.]


We all know the answer to that question: It will if it harms people on middle or low incomes, and benefit claimants. The rich will be safe.

So David Cameron’s promise not to cut tax credits was a lie that will harm the hard-working people of the UK, even as the Public Relations Prime Minister works so hard to convince them that they’re better-off under him.

“The Conservatives are the party of the workers” – what utter nonsense!

Meanwhile, George Osborne has U-turned over ‘fiscal responsibility’ laws. Here’s what he had to say about them in 2010:

That was in response to a Labour law that the Conservative-led Coalition government repealed in 2011.

Now he has a ‘fiscal responsibility’ law of his own. What does he have to say about it?

“After all that Britain has been through, it is remarkable that the proposition in this Charter for Budget Responsibility should even be contentious. It states that now the economy is growing we should be reducing our exorbitant debts, and that we should do that each year by reducing the deficit until we eliminate it altogether and run a surplus. Once we have achieved that surplus, in normal times we should continue to raise more than we spend and set aside money for when the rainy days come.”

A child’s economics.

If a government is raising more than it spends, then it is taking money out of the economy; making the economy smaller.

If the economy was growing at a substantial rate – for example, due to the style of investment that Labour is advocating – then it would be possible for a government to achieve this without causing substantial harm. But the economy isn’t doing that. Tory austerity policies have limited the economic recovery since 2010.

Actually, no. Let’s not call them austerity policies any more. Let’s use the term a Vox Political reader rightly chose to describe them: Subjugation.

Subjugation, because the Tories are using their time in office to further enrich the privileged few with tax cuts, taking money from the poor to pay for them.

Subjugation, because the Tories hold themselves unaccountable, refusing to consider any challenges against their policies.

Subjugation, because the Tories intend to use their ‘fiscal charter’ – something George Osborne ridiculed before he took office – to inflict bitter poverty on the hard-working people of the world’s fifth-largest economy.

So let’s learn our lesson – and the lesson is this:

The only Tory promises you can believe are promises made to the rich.

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