Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://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:

triangleCarmarthenshire union demands no-cuts budget

triangleCouncil seeks to take budget deficit out on school staff and pupils

triangleLeicester: No-cuts budget only way forward

triangleValentine school strike against budget cuts and redundancies

triangleDerby Socialist Party: Saving women's services

Cuts:

triangleReverse Unison's undemocratic nomination of Blairite Starmer

triangleLabour Party leadership contest: Fight for a mass anti-austerity, workers' party with a socialist programme

triangleIgnore the hype - austerity goes on: organise to resist

triangleWe need socialists in London's City Hall

Childcare:

triangleGeneral election 2019 round-up

triangleFighting Universal Credit

triangleReject Alabama abortion ban

Tax:

triangleShell pays 0 corporation tax, and plans huge hike in fossil output

triangleWhat strategy can end the retail jobs massacre?

Pay:

triangleWestex Carpet strike reaches two month mark

News and socialist analysis

News and socialist analysis

15/1/20

Unison

Reverse Unison's undemocratic nomination of Blairite Starmer

15/1/20

NHS

Build for strikes to save NHS

15/1/20

Labour leadership

Labour Party leadership contest: Fight for a mass anti-austerity, workers' party with a socialist programme

15/1/20

Nationalisation

No free ride for the airline bosses - nationalise Flybe now!

15/1/20

Them & Us

Them & Us

15/1/20

Minimum wage

Low Pay, Long Hours. Bosses rip us off. Organise the fightback now!

8/1/20

Austerity

Ignore the hype - austerity goes on: organise to resist

8/1/20

Capitalism

Capitalism must go - fight for socialism

8/1/20

Minimum wage

Tory minimum wage hike not enough

8/1/20

Labour leadership

Labour leadership election

8/1/20

Brexit

Trouble ahead for Johnson: Brexit is far from 'done'

8/1/20

Middle East

Suleimani's assassination - Middle East thrown into turmoil

8/1/20

Shell

Shell pays 0 corporation tax, and plans huge hike in fossil output

8/1/20

Children

Children need intensive care? We don't care!

8/1/20

Rail

Northern Rail franchise in question: nationalise the railways!

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 020 8988 8786

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999