These Charts Show Why Brits Are Furious About Austerity – Bloomberg

Conservative Party (UK)

Conservative Party (UK) (Photo credit: Wikipedia)

Bloomberg highlights that Theresa May promised Northern Ireland a billion pounds and now the tide of public opinion is turning against her cost-cutting policies. The evidence provided by Bloomburg shows simple evidence, trended over time. I welcome the return of evidence in the mainstream media.

Source: These Charts Show Why Brits Are Furious About Austerity – Bloomberg

Under Cameron and May, plus their weak finance ministers, the UK missed an opportunity but worse got it wrong.

With Labour as the new conservatives propping up social welfare and big government, despite increasing evidence that socialism has failed, the Conservatives could have become the new reformers, embracing radical reform of the public sector. Over the last five years, John Gelmini and myself have repeatedly highlighted on this blog a strawman of policies for radical reform. But the Conservatives lacked the stomach to do what was right.

Instead the Conservatives chose extended austerity, applying the bacon-slicer to central and local government. As we have advised many time, this was never a strategic solution. As we predicted, the quality of public services collapsed and there has been limited underlying reform. Now the public are rightly tired of the ‘austerity’ medicine and they’re beginning to smell a very large rat on Brexit.

It’s clear that the Conservatives have abandoned the millennial generation. Thanks to the Conservative Party Manifesto 2017, and especially the ‘Dimentia Tax’, the Conservatives have lost the confidence of older voters too.

With enormous downside risks from three directions, Brexit, the economy and the threat of a Marxist government in the UK, the 1922 Committee needs to intervene and replace Theresa May with an effective leader, who will appeal to young people.

Thoughts?

Opinion – Theresa May will review the cap on public sector pay as public have grown ‘weary’ of austerity | Business Insider – John Gelmini

Dr Alf brings us an interesting story but one which has already been overtaken by events following Mrs May’s latest U turn.

When the Banking Crisis finished I was for two years of brutal Canadian style austerity coupled with measures to stimulate export led growth. We got neither of these because the politicians lack the “cojones” to face down public sector trades unions, malingering pensioners bleeding the NHS dry and mendacious Chief Constables, Head Teachers, Local Authority Chief Executives and Common Purpose trained quangocrats. That failure coupled with the failure to deal with fat cat bosses who pay themselves too much, deliver no increases in shareholder value, fail to sell, fail to export and fail to motivate their workers to improve productivity brings us to where we are today.

Dr Alf asks what the likely targets for cuts are likely to be.

I suspect the politicians will fudge by further rationing of NHS care, introducing tougher benefit eligibility criteria and further moves to extend IR35.

They might increase some taxes on middle earners but they will avoid confrontation and do nothing to force police, council and fire service reform, nothing to effect Adult Social Care and NHS mergers and nothing to drive exports.

Under May all one can expect is minimalism and failure.

Lord Tebbitt suggests the Conservatives need to skip a generation and I agree with him. Putting May and her zombie Cabinet to the sword would be a good first step looking at people like Kwazi Kwarteng who is robust, telegenic, sharp and black would be a good way to wrong foot Corbyn.

Then after the Conservative Party Conference, there can be imposed reform starting with Local Authorities and BBC privatisation and then moving hard against Chief Constables and Fire Chiefs with timing to coincide with the trials of Bettison and Duckenfield for their roles in the Hillsborough disaster.

John Gelmini