Good to see 250000 people (including 50000 kids) will be pushed into relative poverty cos we can't be arsed to, oh I don't know, look at reforms of council tax etc.
The Chancellor we could and should have had gives a lesson go the dreadful one we ended up with.
This government has one last chance to take a progressive path. Otherwise, we’re at the point of no return.
John McDonnell
In her spring statement, I urge Rachel Reeves to look beyond short-term economic stability – and towards tackling long-term inequality, says former Labour shadow chancellor John McDonnell
A bit old now but this chapter deals with the question of government and other debt, topical again given Reeves's self-imposed fiscal straightjacket.
(PDF) Debt Dynamics in the UK and Beyond: How Propaganda Impedes Effective Political Action https://www.researchgate.net/publication/304805654_Debt_Dynamics_in_the_UK_and_Beyond_How_Propaganda_Impedes_Effective_Political_Action
#GovernmentDebt #FIscalRules #Labour #Austerity2
mainly macro: Labour’s strategic error on tax
https://mainlymacro.blogspot.com/2025/03/labours-strategic-error-on-tax.html?m=1
#Austerity2
"The first thing #Labour does is take the winter fuel allowance from the poorest in our society whilst leaving the wealthiest people pretty much untouched. The top 50 families in Britain are worth 500 billion pounds. That's the same as half of Britain. Why wasn't the choice made to tax the wealthy? It's completely wrong." - Sharon Graham, General Secretary of Unite on #TrevorPhillips 22-09-24
Editorial: Working people deserve better than Austerity 2.0 from Labour | Morning Star
#Labour
#Austerity2
#WorkingPeople
https://morningstaronline.co.uk/article/e/working-people-deserve-better-austerity-20-labour
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