March

Austerity isn’t working

Our country faces long-term economic problems. But our political leaders have failed to face up to them.

For the next five years or more, unless policies change the economy will not grow, incomes will not rise, and there will be almost no new jobs.

If the government keeps on with big spending cuts and austerity  we face a lost decade. Even on their own terms government policies are failing. To close the deficit we need a healthy growing economy that generates tax income. But austerity has led to a vicious circle of decline.