• Monthly
  • $25
  • $50
  • $100
  • $other
  • use PayPal

SPRING FUNDRAISER

Is it time for our Spring fundraiser already? If you enjoy what we offer, and have the means, please consider donating. The sooner we reach our modest goal, the faster we can get back to business as (un)usual. Please, stay safe and we’ll see you down the road.
FacebookTwitterRedditEmail

Tory Austerity: a Despicable Budget by a Despicable Government

“A Despicable Budget from a Despicable Government,” remarked public service union leader Mark Serwotka on hearing of Wednesday’s glum news in Great Britain. His response was a call for united industrial action to resist the Tories continuing attacks on our pockets, and on our unions right to take strike action.

Unison the union’s “Austerity Audit” recently demonstrated how an unbelievable 40% of funding has been ripped from the funding of local Councils over the last five years. While the book Breadline Britain: The Rise of Mass Poverty (2015) shows how in 1983 just over a third of those in deprivation poverty (lacking three or more necessities) were in a household where the ‘head’ was in full-time or part-time work. Today the equivalent figure is just above sixty percent.

Tax expert Richard Murphy has pointed out how Mr Osborne’s announced cut in corporation tax, will mean that “multinational companies now have a lower tax rate than those earning a little over £11,000 a year in the UK.” While the Daily Mirror reported how 26,000 wealthy families will get £2.5 billion over the next fours as a result of cuts to inheritance tax.

First and foremost George Osborne’s Tory budget ‘update’ represents a massive transfer of wealth from the poor to the rich, with £4.5 billion slashed from working tax credits this year alone. Millions will be left reeling; and certainly any gains connected to increasing the minimum wage for those over 25 will be swiftly undermined by the removal of working tax credits, leaving already poor people worse off than before their so-called pay rises.

Tax credit cuts “will hit 3 million families… taking money from cleaners, care workers and supermarket checkout staff” explained Guardian journalist Seumas Milne. Importantly he then added that “the prostrate state of the official opposition” is giving the Tories some respite. Labour’s acting leader, Harriet Harman, bizarrely (although entirely predictably) “assured the chancellor that her party would be ‘grown up and constructive” and was in fact up for all manner of cuts itself.”

Mr Osborne cynically says that “Britain needs a pay rise.” But the one good thing that will come of his rhetorical commitment to increasing the minimum wage (for those over twenty-five) is his admission that paying low paid workers more money actually provides a boost to the economy. This should give further economic weight to the union-backed campaign to immediately raise the minimum wage to £10-a-hour right now for all workers!

 

More articles by:

Michael Barker is the author of Under the Mask of Philanthropy (2017).

May 25, 2020
George Wuerthner
Saving the Lionhead Wilderness
Elliot Sperber
Holy Beaver
Weekend Edition
May 22, 2020
Friday - Sunday
Hugh Iglarsh
Aiming Missiles at Viruses: a Plea for Sanity in a Time of Plague
Paul Street
How Obama Could Find Some Redemption
Marc Levy
On Meeting Bao Ninh: “These Good Men Meant as Much to Me as Yours Did to You”
Jeffrey St. Clair
Roaming Charges: Shallò: 120 Days of COVID
Joan Roelofs
Greening the Old New Deal
Rob Urie
Why Russiagate Still Matters
Charles Pierson
Is the US-Saudi Alliance Headed Off a Cliff?
Robert Hunziker
10C Above Baseline
Pam Martens - Russ Martens
The Fed’s Chair and Vice Chair Got Rich at Carlyle Group, a Private Equity Fund With a String of Bankruptcies and Job Losses
Eve Ottenberg
Factory Farming on Hold
Andrew Levine
If Nancy Pelosi Is So Great, How Come Donald Trump Still Isn’t Dead in the Water?
Ishmael Reed
Alex Azar Knows About Diabetes
Joseph Natoli
Will Things Fall Apart Now or in November?
Richard D. Wolff
An Old Story Again: Capitalism vs. Health and Safety
Louis Proyect
What Stanford University and Fox News Have in Common
Pete Dolack
Work is Inevitable But its Organization is Not
David A. Schultz
America and the Rise of the Chinese Century
Ramzy Baroud
Why Israel Fears the Nakba: How Memory Became Palestine’s Greatest Weapon
Heather Gray – Jonathan King
Coronavirus and Other US Health Threats? Fund Public Health Not Foreign Wars
Brian Cloughley
Don’t Be Black in America
Kenn Orphan
A Pandemic and a Plague of Absurdity
Matthew Stevenson
Our Friend Eugene Schulman
Richard C. Gross
The Man Who Cried Wolf
Ron Jacobs
Road Trippin’
Robert P. Alvarez
A Simple Solution for the Coronavirus Crisis in Prisons
Aadesh Ravi
The Long March of the Locked-Down Migrants
Kollibri terre Sonnenblume
The Proliferation of Conspiracy Theories & the Crisis of Science
Nilofar Suhrawardy
The Other Side of Covid-19
Binoy Kampmark
Battles Over Barley: Australia, China and the Tariff Wars
Cesar Chelala
Donald Trump can Learn Something from Mao Zedong’s Mistakes
Nicky Reid
The New New Cold War is Pretty Much the Old New Cold War
Dave Lindorff
As Republicans Face November Disaster, Efforts to Undermine Social Security Mount
Gaither Stewart
Remembrances of Meeting Cult Novelist Andrzej Kusniewicz in Warsaw
Gary Olson
“No. It’s Capitalism, Stupid.”
Jesse Jackson
The Legacy of Brown v. Board of Education
Phil Knight
Wilderness and Recreation: an Uneasy Partnership
Alicia Salvadeo – Carolyn Pandolfo
No Bernie, Delegates Won’t “Turn Down the Volume”!
George Wuerthner
Massive Logging Putsch Planned for Wyoming’s Medicine Bow Forest
Laura Finley
The Peace Sign: A Safe Greeting and Sign of Victory over COVID!
Bernie Horn
To Save Lives, and Democracy, We Need to Vote by Mail
Dean Baker
Can You Make Stagnating Incomes Go Away? The NYT Wants You To…
Christopher Brauchli
Great Minds Think Alike: From Trump to Bolsonaro
Sophie Jones
Mutual Aid in Queens Amidst COVID-19
FacebookTwitterRedditEmail