A triumph for George Osborne’s austerity plan? Not when our social fabric is in tatters | Ann Pettifor
by Ann Pettifor from on (#3H9BT)
The ex-chancellor rejoices as his target is finally hit, but austerity has taken a terrible toll
George Osborne, cheered on by the Institute for Fiscal Studies, basked in self-admiration last week. With a tweet, Osborne joined in celebrations around the elimination of the deficit on Britain's current budget - used for day-to-day spending on, for example, the NHS, housing, education and local government.
The cheerleaders ignored the consequences of that "achievement", not least of which is the threat to Britain's economy and social fabric caused by the turmoil of Brexit.
While employment revived, jobs have been recast as part-time, temporary and insecure
We got there in the end - a remarkable national effort. Thank you. https://t.co/8D23AKbuwH
What is austerity?
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