From the TUC

This is permanent austerity

29 Nov 2011, by Guest in Economics

None of the Chancellor’s post-election assumptions have turned out to be true. Growth has stalled, the Eurozone has crashed, the structural deficit bigger than thought and unemployment continues to rise as the private sector fails to take up the public sector slack.

The Chancellor’s stubborn determination to stick to his plan despite the evidence that it is not working and won’t work in the future means that we are locked into permanent austerity.

Of course there were some welcome moves in the statement as the Chancellor tries to reinvent infrastructure spending, youth employment and regional assistance programmes.

But the catch is that they are being paid for by freezing tax credits, holding back public sector pay and steeping up public sector job losses to 710,000 by 2017 according to the OBR. Those with the broadest backs who caused the crash have escaped once again.

His refusal to back a Robin Hood tax and make nurses pay instead speaks volumes about his values. Public servants are no longer being asked to make a temporary sacrifice, but accept a permanent deep cut in their living standards that will add up to 16.5% by 2014 when you include pay and pension contributions.

It is no wonder that the government has alienated its entire workforce who are coming together in unprecedented unity tomorrow to take a stand against such unfair treatment.

One Response to This is permanent austerity

  1. Osborne’s out of touch, Clarkson’s under fire over strike comments and ‘venomous’ PMQs: round up of political blogs for 26 November – 2 December | British Politics and Policy at LSE
    Dec 3rd 2011, 11:02 am

    […] to know, the Staggers emphasizes the loss of public sector jobs and Touchstone brands the statement permanent austerity. Left Foot Forward shows how the bottom 80 per cent will suffer regressive measures. Nick Pearce of […]