BoysofMelody
Under this government, forget mantras, the rich are paying more tax, the poorest less than under Labour - but lets look at cuts/austerity.
The ‘austerity’ view, if a country is trying to live within its means, is a nonsense when refuses to acknowledge what spending splurge happened under the last Labour government, and the extent of the financial recession that resulted a massive economic recession from 2008 to 2009 – when the increased tax receipts of a Brown engineered financial bubble, burst, leaving the massive £153 bil 2010 government budget deficit – passed on the Conservatives.
Around 2001 when the UK tax receipts vs spending was in a small SURPLUS the UK government spending was just over £400billion (in 2009 prices) a year, but by 2008/9 the UK government was spending £618billion – as the ‘fixed costs’ of a much larger State under Labour massively grew, but the financial/economic recession causing banks and private sector companies contraction and jobs losses meant far less taxes coming in – hence Labour passed on to the Conservative Coalition what was to be a £153 billion annual government overspend in 2010
From the 2009 government spending of £618 billion under Labour, in 2017 government spending under the Conservatives will be around £784 billionl
So it’s a Labour myth there has been Conservative spending cuts, its just the rate of growth in non protected departmental budgets slowed – as the Conservatives had to try to fix the Labour governments largest annual cash overspend in UK history – that in 2010 was far larger than any Eurozone country, including Greece, with NO PLANS (or idea) in place how to fix it.
Labour’s Chancellor prior to the election in 2010 Mr Darling tried to warn UK voters that to FIX their deficit that there would be tax rises and spending cuts “deeper than under Thatcher” – but they’d give voters the details AFTER they vote in the (2010) election – pretty similar to the majority of Corbyn’s ‘tax and spend’ plans in their last manifesto.
Real UK (inflation adjusted) earnings fell from 2008 when the recession hit under Labour, but they chose to try and sustain the much higher cost State, not to help with tax cuts for the poorest workers as other countries did – in fact Chancellor Darling projecting a £167 billion 2010 government deficit if they remained in power, chose to RAISE National Insurance to now poorer workers and companies on their recession knees – which was not only a tax ON JOBS, Mr Darling acknowledge would COST UK jobs.
So Labour’s post 2010 idea in the face of Thatcher ‘austerity’ was to continue to raise taxes for everyone and making the recession worse.
While the Conservative through tax cuts to companies have seen since 2010 2.5 million more jobs (more than the Eurozone countries put together) and tax cuts to its citizens, like the raising the start rate of tax under Labour of around £6,300, to around £11,500 now and soon rise further, taking millions out of paying tax altogether.
So no Conservative in my view has to apologise for not reducing Labour’s budget deficit faster, as they also had to stop companies going bust, give them confidence to hire, and reduce taxes - rather than the ‘alternative’ under Labour’s only plan to RAISE taxes for all - in a lame socialist attempt to ‘tax the UK to sustainable growth’.