­
Welcome, Guest
Username: Password: Remember me

TOPIC: The need for harmful austerity measures in Britain was based on a lie

The need for harmful austerity measures in Britain was based on a lie 18 Jun 2017 13:14 #3286

  • Paul-UB40
  • Paul-UB40's Avatar
  • OFFLINE
  • Moderator
  • Posts: 964
  • Thank you received: 476
The difficulty for politicians is that every public statement they make in the House of Commons is recorded, every new policy they introduce can be scrutinised and every lie they tell will eventually be exposed.

Mo Stewart Updated Jun 7, 2017

In 2008 the global financial crisis (GFC) began on Wall Street in America and generated a near catastrophe for the world banks. Governments across the globe were required to inject emergency funding to prevent bankruptcy of both the banks and the nations responding to the financial crisis.

That was the explanation given to the British public when the New Labour government initially injected £37 billion of taxpayers’ cash into British banks in October 2008. Originally discussed in a Department for Work and Pensions (DWP) green paper in 2006, the GFC was used to justify the introduction of welfare reforms in 2008 as used to limit disability benefit funding for chronically sick and disabled people.

By December 2009, government financial support for Britain’s banks had reached £850 billion, with the eventual cost to taxpayers unknown for years to come according to the National Audit Office (NAO), who are the public spending watchdog.

This vast amount of money included £107 million paid to City advisers who were required to support the government with the rescue package following the GFC; and the banks still presumed to offer bonuses to their remaining shareholders when their largest shareholder was, in fact, the British government and the British taxpayers who fund the government.

Of course reports by the NAO are not common knowledge and so, following the 2010 general election, David Cameron assumed the position of Conservative Prime Minister in the new coalition government with the Liberal Democrats. It didn’t take him too long to justify the neoliberal policies of savage austerity measures; which had been adopted following the GFC by many countries with right leaning governments.

David Cameron announced the adoption of austerity measures in 2010 as an addition to the ongoing welfare reforms introduced by the Brown government in 2008. Guaranteed to attract press and media attention, Cameron claimed that the financial crash was due to overspending by the previous New Labour government, which justified more harsh spending reductions in the public sector to reduce the government deficit.

This claim successfully distracted blame from the real culprit of the GFC as it was the legislation of the Thatcher government in 1986 that had deregulated the City, and opened the door for prolific future dealing, which was always destined to result in a financial crisis at some time in the future. However, the 2008 financial crisis was global, was not limited to the UK, and could not be controlled.

More Here;
www.welfareweekly.com/the-need-for-harmful-austerity-measures-in-britain-was-based-on-a-lie/
Been a Few Places; Done a Few Things
The administrator has disabled public write access.
The following user(s) said Thank You: echidna, Verc

The need for harmful austerity measures in Britain was based on a lie 19 Jun 2017 14:06 #3295

  • echidna
  • echidna's Avatar
  • OFFLINE
  • Elite Member
  • Posts: 193
  • Thank you received: 259
The administrator has disabled public write access.
The following user(s) said Thank You: Paul-UB40

The need for harmful austerity measures in Britain was based on a lie 19 Jun 2017 15:27 #3299

  • Paul-UB40
  • Paul-UB40's Avatar
  • OFFLINE
  • Moderator
  • Posts: 964
  • Thank you received: 476
We are in great Crises here in the UK; It’s only now starting to dawn on the voters who voted to Leave the EU, that was a bad move; and perhaps to Stay, would have been a better idea.
To late now, the votes have been cast and the UK will leave;
But leave in what state and at what cost?
There is going to be a massive Drop in living standards for all;
Fore those of us already at the bottom of the social ladder, It’s going to hit harder then the rich at the top.
One can only Cut ones own spending by so much, I have no Car, 25 years since my last proper Holiday, Minimum of heating during the depths of winter and 1 meal “Most” days,
I shudder to think where I go from Here ………….
Been a Few Places; Done a Few Things
The administrator has disabled public write access.
The following user(s) said Thank You: T2, Verc

The need for harmful austerity measures in Britain was based on a lie 20 Jun 2017 09:24 #3303

  • TheFinnster
  • TheFinnster's Avatar
  • OFFLINE
  • Senior Member
  • Posts: 48
  • Thank you received: 68
i hear you paul sounds like my life atm and if things get much worse i fear some of us will have to turn to crime to put food on the table and if im honest theres allready been a few times over the last year where i have taken a five finger discount while doing my weekly shoping ;)
The administrator has disabled public write access.
The following user(s) said Thank You: Paul-UB40, El-dudeareno, T2

The need for harmful austerity measures in Britain was based on a lie 20 Jun 2017 12:41 #3306

  • Paul-UB40
  • Paul-UB40's Avatar
  • OFFLINE
  • Moderator
  • Posts: 964
  • Thank you received: 476
Im lucky living in a rural area, Lots of wild plants in the hedgerows and fields, Mushrooms in season,
Go Fishing and do Hunting (Traps and Snares) bit of shooting in Woodland (With Permission !) .
Don't think I would do so well in a City. :(
Been a Few Places; Done a Few Things
The administrator has disabled public write access.

The need for harmful austerity measures in Britain was based on a lie 06 Jul 2017 04:06 #3551

  • Brutus
  • Brutus's Avatar
  • OFFLINE
  • Premium Member
  • Posts: 80
  • Thank you received: 147
I fear some of us will have to turn to crime to put food on the table...



Why the "fear of turning to crime"?
The crime is committed by the elites and their greed, stupidity and bad governance.
We should not follow their "moral" code, lest we blame ourselves for just existing.
We have all the rights to live on this earth.
It is those that think it is their and deny us with violence, our share of its bounty that need to be dis-empowered.
To steal from the rich when we starve is not a crime is a duty.




To eliminate unemployment one needs only to eliminate the unemployed
The administrator has disabled public write access.
The following user(s) said Thank You: Paul-UB40, El-dudeareno, T2

The need for harmful austerity measures in Britain was based on a lie 06 Jul 2017 15:48 #3565

  • Paul-UB40
  • Paul-UB40's Avatar
  • OFFLINE
  • Moderator
  • Posts: 964
  • Thank you received: 476
I have Never had any "Fear of Crime" and when Needed have never hesitated from that path.
With a Few Important Basic Guidelines;
Never "Take from The Poor" (Unlike our Government)
Help and Respect your Neighbours. ( Most are in the same situation or worse)
Never Grass; Or call the Police for any reason. Period.
If we did not live under a Criminal Government, We would not have to act in this way;
But We Do; And I will Survive, The best way I can. :)
Been a Few Places; Done a Few Things
The administrator has disabled public write access.
The following user(s) said Thank You: Brutus
­