Apart from the inevitable blip after the banks insatiable greed took down the global economy and the public were forced to bail them out to the tune of some £850 billion (UK), revenue from taxation has risen year on year ever since.
Britain is not, nor ever was, broke, close to bankruptcy, or in need of any austerity measures whatsoever. As Mike Sivier put it in Vox Political, “Simon Wren-Lewis re-states a valuable point in his latest Mainly Macro post – that the UK has suffered under Conservative austerity policies, not because there was a need for spending cuts but because the Tories had an excuse to impose them.”
What the crisis enabled the Tories to do was to implement plans, long in the making, to privatise the state, lock, stock and barrel and to rob the public blind with catastrophic cuts to services and provision across the board. The…
View original post 357 more words