The Glottal Stop

Smells like Thatcherism

Posted in Economics, Politics by admin on July 4, 2010

A. Fitzboodle
Birmingham, UK

Although the budget and it’s details have drawn a divide between many politicians within and without government, there is something of a consensus that Labour were reckless with the public purse. David Cameron said of Labour’s ‘”Sorry there’s no money left” note’  that it was "13 words that sum up 13 years of complete cavalier arrogance with the taxpayers’ money". Newspapers told us in May how even the government’s own “Top civil servants made formal protests over Labour spending”. And Labour’s so called ‘Scorched earth policies’ and the “Financial ‘stink bombs’ left in Whitehall” upon the accession of the new Lab-Con government have made Labour look not only irresponsible but also like sore losers at a school sports-day.Overdraft! What's an overdraft?

A ‘We’re all in this together’ sort of mentality has been emanating from Mr Osborne, and that the June emergency budget is a tough but fair approach. Though, it doesn’t take a political philosopher to realise that an equal application of the law does not necessarily have an equal affect upon the population. The Institute of Fiscal Studies (IFS) has predicted that 1.3 million jobs would be lost as a result of spending cuts over the next five years. The IFS also found that, George Osborne’s plan to reduce spending by 25% in almost all areas of government and public services except healthcare and overseas aid, will disproportionately affect the poor; in fact, it will hit the poorest six times harder than it will hit the richest. Said the Observer, “The Tories’ shock tactics threaten to send us back into recession, and to condemn millions of young people to a life of unemployment”, and the slashing off 10% of the jobseekers allowance may become the lib-con’s equivalent to Gordon Brown’s 10p tax rate abolition (that, coupled with Labour’s bailing-out of troubled banks, made it look like the first socialist government to take money from the poor and give it to the rich).

Though Labour’s job creation schemes were expensive, they did at least work; but they are being scraped, along with 250,000 university places and literacy lessons for those adult ‘low-achievers’ who left school early.

There is a certain underclass in Britain which the conservatives like to call ‘Broken Britain’, but they would do well to remember that Broken Britain is one of Thatcher’s many legacies. Broken Britain was created by millions of young people tumbling out of school and onto the dole in the 1980s, never managing to right themselves and having children who in turn have known no model of work. What with the disproportionately negative affects of the emergency budget on the poor, this cycle looks set to repeat itself.

 

Further Reading:
IFS June Emergency budget analysis
The most important financial debate of our times

Baroness Thatcher visits Cameron in 10 Downing Street

Posted in General, Humour, News, Politics by admin on June 8, 2010
FitzBoodle

The Beeb reported that:

Prime Minister David Cameron has welcomed Conservative predecessor Baroness Thatcher back to 10 Downing Street for a reception in her honour.

They shook hands and waved at photographers before entering the building but did not answer questions.

Baroness Thatcher, 84, is one of the first guests to be hosted in Downing Street since the coalition entered office last month.

She wore a light blue dress and coat for her meeting with Mr Cameron, emerging from Number 10 some 45 minutes after going into the building.

A smiling Mr Cameron said: "It’s good to have her back."

 

This last quote sent shivers down my spine.