The end of 2014 has certainly brought home some hard economic truths, according to Left Futures.
The UK economy is slowing… The budget deficit, which according to Osborne’s long-term economic plan, was supposed now to be £40bn is actually £100bn. Worse, the deficit is now beginning to rise, not fall at all.
The re-balancing of the economy, another key part of the government’s long-term economic plan, hasn’t materialised and in fact has got much worse.
Cameron has announced with great flourish [that] austerity and the cuts are largely over and very little remains to be done. Osborne immediately contradicted this in the Autumn Statement by declaring roundly that he intended to take another £30bn in cuts in this next parliament, and that was just for starters.
The political ideology of unrelenting austerity is now a busted flush.
It has laid waste communities in the north, made large parts of Britain into a third world country dependent on food banks, and generated a sense of utter insecurity and abandonment by all three main political parties until Labour has the guts to propound the real solution which is sustainable economic growth.
Read the full article on Left Futures, but let’s concentrate on that last sentence for a while: “Until Labour has the guts to propound the real solution which is sustainable economic growth.”
Ed Balls has been doing this for some considerable time.
What a shame the political commentators in the media (both mass and social) are suffering cognitive dissonance and cannot accept what he is saying. They are determined to associate him with neoliberal economics, even though he seems to have abandoned that position.
It seems he’ll have to berate Martha Kearney a few more times until the message gets through.
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