The Institute for Fiscal Studies has called Britain's economic situation 'pretty grim' and suggests that it will stay this way for the next two decades and calculated that the national debt will not return to pre-financial crisis levels until the 2060s or even later.
IFS director Paul Johnson described the facts that average UK earnings in 2022 could still be less than in 2008 as 'astonishing' and blamed the capitalist system 'not delivering its promise that it raises all the boats'.
Tucked away in yesterdays budge was the UK is expecting to borrow £29.1 billion more by the end of the 2021-22 tax year than it expected and that there are still nearly £12bn of welfare cuts to work through the system'.
It's official then, the hapless Tories have broken Britain with their right wing agenda for not only this decade but the next one too.
They have grown homelessness, inflation, austerity, poverty, suicides, food banks and crisis in all the public services and that's before we consider the craziness that is Brexit.
The two fundamental questions are then how can we remove the Tories who are economically inept that after a decade of austerity cuts, have left us worse off and why are we even still considering going ahead with Brexit?
Even the most fundamental Brexiter can see that is happening and how it makes absolutely no economic sense at all, the vote margin was only 2% and only a minority of the British people really want it, so we need to ask why on earth is the Government not saying it is just not economically viable and ending the biggest mistake in the history of the UK.
As the problems seem to be the failed system we use, Capitalism, a system which falls over with shocking regularity and ruins lives when it does, why do we believe the lies from the capitalists that capitalism was somehow recovering and is the solution to all our problems when it so blatantly isn't and was the cause of them.
Something needs to change because things are not getting any better but the solution seems to be to carry on doing what we are doing and the next three generations suffering for it.
4 comments:
Yep, seven years of right wing idoelogical driven policies will do that as proven.
70 years? Wow, you really haven't been paying attention during the past decade have you.
I assume then you read about the ideological massive austerity cuts since 2010 also then which has seen an explosion in foodbanks, homelessness, cuts in services, NHS underfunding etc etc all which has resulted in no change to the national debt. Would be impressive in 7 years if it wasn't so disastrous.
That isn't a bump, it's a homeless person.
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