Austerity

UK Prime Minister leaving, but she did the job she was brought in to do

Theresa May tearful resignation has produced a number of conflicting reactions. There is the “poor May” faction, claiming she was given an impossible job: to deliver Brexit in a country and political parties split down the middle, and throwing in…

Ending austerity: make tax fairer and more transparent

Kate Pickett, University of York and Richard Wilkinson, University of York To end austerity and make the economy work better for the whole country requires transforming the tax system. It is time for the UK to have a grown-up, national…

G20: False dilemmas, theatre and cruelty

Today, the G20 is a meeting that politically represents the interests of large corporations and global finance. In other words, it serves the business of capital and in no way takes into account the well-being of the people who live…

UN criticises UK austerity induced poverty…so…mission accomplished?

“The UK government has inflicted “great misery” on its people with “punitive, mean-spirited, and often callous” austerity policies driven by a political desire to undertake social re-engineering rather than economic necessity, the United Nations poverty envoy has found. “Philip Alston,…

Brexit: austerity tipped balance towards Leave, new study suggests

Thiemo Fetzer, University of Warwick for The Conversation You might think that two years after the EU referendum, there would be nothing more to say about what caused the Leave vote. In fact, it’s only now that we might be…

British austerity policies lie at heart of soaring homelessness and related health harms, argue experts

Science Daily reports on a British Medical Journal article by Mark Fransham and Danny Dorling at the University of Oxford calling for action on welfare reform and the housing market. “The number of people officially recorded as sleeping on the…

LEAKED: Commission trying to woo German conservatives by sacrificing Europe to austerity

Scarcely a week after the European Council turned its back on the democratic will of Europe’s citizens, we have been greeted by another ominous move that at once confirms our fears about the authoritarian direction the EU has adopted, while…

Jeremy Corbyn to Morgan Stanley: “Yes, we are a threat to a damaging and failed system”

After Morgan Stanley warned that a Labour government could pose as much of a risk to British business as Brexit, Jeremy Corbyn posted a video in in his Facebook page saying that the investment bank was right to consider them a threat.…

Schäuble leaves but Schäuble-ism lives on

By Yanis Varoufakis for DiEM25. Wolfgang Schäuble may have left the finance ministry but his policy for turning the eurozone into an iron cage of austerity that is the very antithesis of a democratic federation, lives on. What is remarkable…

The Eurozone is ‘bouncing back’? Tell that to the people of Spain and Greece

EU citizens living under squeezed financial circumstances could be forgiven for wondering whether European Commission President Juncker was having a joke at their expense when he spoke recently about how Europe’s economy is finally bouncing back. After a tumultuous decade…

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