Deficit mania and balanced budgets are a political fraud

Seumas Milns writes in The Guardian (UK) that ‘Nearly five years into the Tory-led coalition, most people are well aware that austerity is still cutting living standards and actually increasing borrowing. The main reason Osbornomics has failed to meet its targets is that relentless cuts in real terms pay, throttled growth and rampant job insecurity have delivered lower tax receipts and boosted demand for benefits, while tax cuts for the wealthy have widened inequality. Austerity isn’t working in its own terms and there’s no reason to imagine that even more of the same will work any better.’ 

The TJRyan Foundation does not guarantee the accuracy, currency or completeness of any information or material available on this website. The TJRyan Foundation reserves the right to change information or material on this website at any time without notice. Links from this site to external, non-TJRyan Foundation websites should not be construed as implying any relationship with and/or endorsement of the external site or its content by the TJR Foundation, nor any commercial relationship with the owners of any external site. Should any TJRyan research project be funded by an individual or organisation the source of funding will be stated beside the research report. In all other cases contributions are provided on a pro bono basis.
Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles

This field is for validation purposes and should be left unchanged.