‘Even if the government/OBR forecasts for the scale of the cuts prove to be unworkable they amount to a plan for permanent austerity, of ever deeper cuts. They are also a Tory trap for Labour, which has said it will also aim to balance the budget without challenging the framework that it is the investment strike and weak growth that causes the deficit’ warns the Socialist Economic Bulletin in its analysis of last week’s Con Dem Autumn Statement. A rare and welcome antidote to the ramping up of 'inevitable' austerity cuts which political commentators and parties have rammed down our throats in recent days:
http://socialisteconomicbulletin.blogspot.co.uk/2014/12/renewed-increased-austerity-will-only.html
