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The evidence is mounting up, and it says: Austerity was about making the rich richer and the poor poorer – and never about settling the UK’s debt.

Why else would successive Conservative governments have inflicted devastating cuts on government programmes that help the poor, while cutting taxes that affect primarily the rich at the same time?

The Conservatives have been labelled con artists after running up mountains of debt in spite of austerity cuts at the same time as the rich significantly increase their wealth.

Since the recession Britain’s wealthiest have seen their net worth more than double while poverty has gripped the nation elsewhere.

Food bank use has reached the highest rate on record as austerity-induced benefit cuts fail to cover basic costs. According to Shelter the number of ‘homeless but working’ families has risen by 73 per cent , with the poorest 30 per cent of UK households worse off by £50 to £150 last year.

When George Osborne and David Cameron came to power in 2010 they claimed austerity would save the country from disaster. They said its predecessor Labour government was living “beyond its means” and left the nation with a rising mountain of public debt.

But eight years on and public sector net debt, adjusted for inflation, has risen by 53 per cent under consecutive Tory governments. What’s more, the government has recovered all but five per cent of the £1.2 trillion bailout provided to the banks during the credit crunch and recession according to the latest figures – but they continue to impose crippling austerity cuts regardless.

As author Marcus Chown wrote on Twitter, “the Tories said austerity was to pay down UK debt. It’s almost tripled. They said we’re all in this together. The rich have doubled wealth.

“Do you think we’ve been conned?”

Source: Tories have run up debt in spite of austerity cuts while the rich have doubled their wealth

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