You may find this a little on the long side, but it is well worthwhile, and several of the most important points are ‘front-loaded’ – at the start of the article. Most important of all is that any economic recovery has been achieved in spite of Conservative economic policy, which is to perpetuate austerity, and not to improve prosperity.
The Tories are not “paying down the debt” as claimed. They are “raising more money or the rich”
Austerity is not being imposed by the Coalition to achieve an economic result. Austerity IS the economic result. In the wake of the global banking crisis, the Tories, aided and abetted by the Liberal Democrats , have opportunistically delivered ideologically driven cuts and mass privatisation. We also know that the government’s own Office for Budget Responsibility (OBR) laid bare an important truth – that any semblance of economic recovery is despite the Coalition and not because of them. Yet the Tories have continued to claim that austerity is “working”. The Chairman of the OBR, Robert Chote said:
“Looking over the forecast as a whole – net trade makes very little contribution and government spending cuts will act as a drag.”
The OBR state that any slight economic recovery is in no way because…
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