Farzanah
MaizieD
Vintagewhine
Not a leaver but those of you who were should thank GB for not taking the UK into the single currency . Austerity was the conservatives response to the banking crisis
I tend to think of it more that the banking crisis was the tory's excuse for austerity. A perfect excuse for cutting state spending, which has been their mission since the Thatcher era.
Was it actually necessary? The UK was actually showing healthy signs of recovery before the tories took over...
I agree MaisieD. Their motivation was continuing the NeoLiberal ideology embraced by Thatcher.
I do hope a Labour Government will be different but hearing Rachel Reeves saying that there is no money, I am not hopeful. I do hope I’m wrong and that they will be able to fund the improvements the country is crying out for, for example by taxing wealth in our grossly unequal country.
I am more hopeful than perhaps maizie is.
I’m not saying that Reeves will suddenly become an exponent of MMT, neither would I expect her to support such a stance, but I think her emphasis on growth and government intervention is more optimistic than some people think.
With every bit of luck, we haven’t long to find out, I’m not expecting overnight change, but evidence of investment for growth by the government will suit me for a start,