mainly macro: The OBR confirm the dangers of Osborne’s gamble – Simon Wren-Lewis

Conservative Party (UK)

Conservative Party (UK) (Photo credit: Wikipedia)

This blog by leading Oxford economist, Simon Wren-Lewis is well worth a read. Check it out!

via mainly macro: The OBR confirm the dangers of Osborne’s gamble – Simon Wren-Lewis.

What caught my attention was the return to austerity at post WWII levels.

In short, the Conservatives are only 40% through their cuts to the public sector.

Let me turn to an open question:

How will UK public services survive the proposed additional austerity?


One response

  1. Dr Alf poses an interesting question.
    To begin with the public are 2 faced.
    On the one hand they want the books balanced but are not prepared to raise their productivity or accept that unless they do they will have to accept further immigration.
    At the same time they want “local accountability” without realising that this means diseconomies of scale and too many police constabularies,fire commands and local authorities.
    They demand a better ,more efficient NHS but are not prepared to consider the idea of taking greater responsibility for their own health and wellbeing.Nor are they prepared to consider the idea that in other countries healthcare is much more advanced.
    The Government and the Opposition are cowardly and are not prepared to have tough conversations with people about these matters,about drug taking for “recreational purposes” or about the need to cut the public sector down to size.
    The politicians recognise that the British public’s capacity for dealing with the truth is very limited indeed so they lie to them,fail to tell them things or pretend that black is white.
    The cuts represented by the £48 billion gbp that the Government has to save will be painful and unexpected.
    Local authorities,civil servant numbers,police and fire commands and the NHS should all have been tackled early on in 2010 when the Coalition first came into power.
    An export drive should have been initiated at the same time and the country placed on a war footing to generate foreign exchange ,wealth and jobs.
    Neither of these things was done so as they used to say on televised broadcasts of WWF Matches when announcing the arrival of a new wrestler in Florida,Gordon Soley the presenter would say in a stentorian voice, “The pain is coming down”.
    For the public it will mean health care cuts,cuts to Adult Social Care,increased car parking charges and bigger salaries for local authority Chief Executives and Quangocrats,more immigration,lawlessness and less efficient policing.

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