The myth of the "fiscal black hole" has been exposed
How did a £70bn “hole” become a £30bn “surplus”? The answer is that we’re doing economic policy wrong.
Source: newstatesman.com
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The Tories' 'fiscal black hole' is a statistical fiction – let's have a reality check | James Meadway
The government’s own arbitrary target is the source of this ‘shortfall’, says James Meadway of the Progressive Economy Forum
Source: theguardian.com
Labour must resist the siren calls of austerity
The party should enter the debate over the Autumn Statement prepared to fight and win an ideological battle.
Source: newstatesman.com
Stop Sunak's cuts! Tax the rich! | Workers' Liberty
In British capitalist society, vast amounts of wealth and income are held by a rich or well-off minority, much more than is needed to repair the NHS and pay workers wage and benefit increases matching inflation. In round figures, Britain’s 32.6 million workforce produces £2.2 trillion (thousand billion) of output each year, or £67,000 per person.
Source: workersliberty.org
Jeremy Hunt's austerity budget: necessity or political choice? | Economics
The chancellor insists Britain has to ‘live within its means’ – but many economists say painful cuts are neither inevitable nor proven to work
Source: theguardian.com