UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Friday, 28 June 2013

Austerity - 'worse than a crime, it is a blunder'

'Austerity has failed. It turned a nascent recovery into stagnation. That imposes huge and unnecessary costs, not just in the short run, but also in the long term: the costs of investments unmade, of businesses not started, of skills atrophied, and of hopes destroyed,' writes Martin Wolf in a scathing critique of the fiscal and political policies which have led to economic retrenchment across Europe: