Let’s have some more coverage of the Autumn Statement – at the very least it will help you appreciate your Christmas presents more (when you get them)! Here’s kittysjones:
Osborne’s austerity measures have achieved nothing, except deepening poverty, widening economic inequality, and destitution for the poorest and most vulnerable communities – and Osborne announced in his Autumn statement that we face at least four more years of it.
Austerity is not an economic necessity, nor is it temporary measure to balance the books, but rather, it reflects the Conservative’s long-standing ideological commitment to dismantle the gains and achievements of the post war settlement: public services, the welfare state and the National Health Service.
The plans, according to the Treasury spending watchdog, the Office of Budget Responsibility, also presume the loss of a further one million public sector jobs by 2020, a renewed public sector pay squeeze and a further freezing of tax credits.
With a shortfall in tax receipts set to increase the size of the deficit by £25 billion during the next parliament, the Office for Budget Responsibility said the only way Osborne could balance the books would be through shrinking the state to a level not seen since before the Second World War.
For more analysis – with damning charts showing how badly Osborne has mishandled the British economy – visit kittysjones’ blog site.
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