Monday, 7 January 2013

It's certainly hurting and on their terms the coalition is also working

With public sector debt fast approaching 70% of gross domestic product (GDP) - and that's not even including the banks bail-out money - who now doubts that this government's 2010 declaration that its number one aim was reduce public debt as a share of national income was a sham, a lie to cover up their intention to make the working class (es) pay for their shambles of a system that prioritises profit over people?

Debt is now predicted to reach 80% of GDP by the time of the next election. Meanwhile, the Office for Budget Responsibility has predicted that 70% of us will be worse off as a result of Osborne's December statement, with those right at the bottom being hit the hardest. It appears we are not "all in this together"
and to prove it in April the top rate of income tax will be cut from 50p to 45p in the £.

Corporation tax on profits is to be cut in 2014 to 21% -  the lowest rate in the developed world - down by a quarter from 28%. Not that the companies need the money though, as firms in Britain have £700 billion stockpiled and aren't investing. It's not workers on strike in Britain, but the bosses who are sitting  back as the coalition take away basic rights and benefits that our grandparents and parents fought so successfully to secure for us.

Amidst all the gloom, it's almost laughable watching journalists suggesting that the policies of the government are not working. They bloody well are, because they are hurting like hell and that's what they are intended to do!

The face of modern day Britain

Freezing and then capping child benefit is the latest coalition attack on working class people 

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