From the TUC

Unlikely opponents of coalition cuts

10 Sep 2010, by in Economics

The TUC regularly cites Martin Wolf of the Financial Times as an unlikely opponent of the coalition’s policy of gouging huge holes in public expenditure (unlikely because he’s generally not an ally of the TUC). But we should also recognise other unlikely allies (or, as George Osborne would put it, “deficit deniers”.) This week, we should recognise the contributions of another star FT columnist, Samuel Brittan, and the Mayor of London, Boris Johnson. Johnson in particular (as the Guardian’s Hugh Muir suggests, possibly for purely personal career reasons – ie to hang on to his mayoralty) has drawn attention to the public anger that will result if banker bonuses are announced as low paid public sector workers start contemplating life on the dole:

What else do we expect to happen around about Christmas, just as large numbers of public sector workers will presumably realise they have to look for a new job, and just as businesses of all kinds start to feel the chilling effects of cuts in public spending? The bankers will be getting their bonuses – that’s what.

The Robin Hood Tax campaign is likely to focus heavily on that as well!