Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/758/16388

From The Socialist newspaper, 27 March 2013

Them & Us: Budget special

Growth?

On the morning of the budget George Osborne, new to Twitter, tweeted: 'Today I'll present a budget that tackles the economy's problems head on helping those who want to work hard and get on'.

Sounds strangely familiar to what he was planning to do in each previous budget. But tackling the economy's problems doesn't seem to be going very well for him - he revealed that 'growth' in the economy this year is predicted to be only 0.6% - halved from previous predictions.

The chancellor's failure in his main aim explains why voters have such little faith in him - a recent Ipsos Mori poll showed that 15% fewer people support the government's core economic policies when told that Osborne is the author!

Pay

The misery facing public sector workers will be dragged out even further if Osborne gets his way - he announced an extension of the 1% cap on pay rises to include 2015/16.

Even official statistics for inflation put it at over 2%, meaning this cap is a real-terms pay cut.

And then we're expected to be grateful for a small cut in the price of beer - 1p a pint. But that means, even drinking ten pints a week, you only save 5.20 in the course of a year.

Tax

The amount you can earn tax-free is being raised to 10,000 a year - finally an actual help for someone other than the super-rich.

But while giving this with one hand, Osborne takes much more back with the other through pay cuts, rocketing prices and attacks on benefits.

And besides, it's nothing when compared to the advantages added to the tax system for big business. Corporation tax is being reduced by a further 1%, on top of 7% already cut since the Con-Dems came to power. By 2016/17 this will lose 800 million from the public purse.

Childcare

We're all probably sick of the Tories' bleeting on about 'making work pay'. The idea that this lies behind their policies has been proven nonsense time and again - just an excuse to cut benefits rather than reduce unemployment or increase pay.

In the budget some positive steps were taken to help with the cost of childcare. But the same mantra is being used to limit the help to the poorest - the government will cover 20% of the cost of childcare for under-fives whose parents work and are not in receipt of universal credit or tax credits.

That's great. But leaves the lowest paid and unemployed unable to access the help. How can they be expected to find work or work more hours if they can't afford childcare?

Cuts

There was, of course, no U-turn on cuts. In fact, Osborne announced even more than we had previously known about - an extra 2% cut to most government departments over the next two years and an extra 1.5 billion cut in 2015/16 than was announced in the Spending Review.

So, more of what we've had already - which, among other things, has so far resulted in:

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 27 March 2013:


Socialist Party news and analysis

Bin the bedroom tax: Can't pay - Will stay!

NUT conference: Serious attacks require serious action

Cameron whips up immigration fears to divide movement against austerity

What does the budget really mean for the housing crisis?

Fight the destruction of our NHS across England and Wales

The 'workfare bill' and sanctions targets

Them & Us: Budget special


International socialist news and analysis

Cyprus bailout: Return of the eurozone crisis

South Africa: Workers and Socialist Party Launched


Socialist Party workplace news

PCS budget day strike - M20

Thera care workers prepare for action

Striking against the 'fast track to the sack'

Workplace News in brief


Socialist Party reports and campaigns

Sussex university occupation: 'they say privatise - we fight back and organise'

Why we're standing for TUSC

Sick of Your Boss gets going in London

Fighting the cuts: Birmingham and Exeter

Socialist Party appeals


The Socialist: readers' comments

Disability hate crimes - accomplices and victims

Danger: New secret courts in Britain


 

Home   |   The Socialist 27 March 2013   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Budget:

triangleTory housing policy: build zilch, hike prices

triangleSocialist Students day of action demands free education

triangleMake the Tories history

triangleSocialism 2017 Socialist Students meet-up

triangleLively student demonstration for free education could have been much bigger

Cuts:

triangleBradford campaign to save children's services launched

triangleSouth London health bosses' cover-up

triangleTotnes MP uses coffin controversy to distract from brutal NHS cuts

triangleUni market 'failure', two-year degrees - end cuts, scrap fees!

Childcare:

triangleTV review: Abortion on Trial - hard-hitting look at impact of 1967 act

triangleWeakened Tories forced into Northern Ireland abortion u-turn

triangleTories out! Corbyn can win with socialist policies

Tax:

triangleThe Socialist Inbox

triangleTrump's tax plan: Robin Hood in reverse

Pay:

triangleRetail sector crunch: nationalise to save jobs

News and socialist analysis

News and socialist analysis

13/12/17

Labour

Labour 'purge' furore really just democracy

13/12/17

Brexit

Brexit deal no solution to Tory rifts

13/12/17

Housing

Two in five 'right to buy' homes now for let

13/12/17

NHS

Save our NHS

13/12/17

Them & Us

Them & Us

13/12/17

Fees

Uni market 'failure', two-year degrees - end cuts, scrap fees!

13/12/17

Retail

Retail sector crunch: nationalise to save jobs

8/12/17

Government

Local government pay: fight for the 5% claim, fully funded

6/12/17

Labour

Corbyn's Labour can defeat Tories with socialist programme

6/12/17

NHS

Branson sues NHS: kick out the profiteers

6/12/17

Immigration

Royal wedding exposes them-and-us visa system

6/12/17

Banks

RBS to sack 1,000: nationalise the banks

6/12/17

Homelessness

Rough sleeping crisis: make homes, not arrests

6/12/17

Poverty

End Tory war on poor

6/12/17

Rail

Nationalise rail now

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle14 Dec Stop the rotten redevelopment plan, demand residents

triangle13 Dec Six months on - still no justice for Grenfell

triangle13 Dec Movement growing against fracking giant Ineos

triangle13 Dec Totnes MP uses coffin controversy to distract from brutal NHS cuts

triangle13 Dec Trump's incendiary Jerusalem statement reignites Israeli-Palestinian...

triangle13 Dec Labour 'purge' furore really just democracy

EU parliament, Strasbourg

triangle13 Dec Brexit deal no solution to Tory rifts

More ...

triangle18 Dec Leeds Socialist Party: Religion and Socialism

triangle19 Dec Bristol North Socialist Party: Christmas social

triangle21 Dec Wakefield Socialist Party: Socialists and the National Question

triangle6 Jan Socialist Party national women's meeting

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

December 2017

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2