George Osborne talks tough but acts like a Labour chancellor | Simon Jenkins | Comment is free | The Guardian

English: George Osborne MP, pictured speaking ...

English: George Osborne MP, pictured speaking on the launch of the Conservative Party manifesto for the 2009 European Parliament elections, at Keele University. (805×1207 px, 283,711 bytes) (Photo credit: Wikipedia)

This is an excellent article by Simon Jenkins in the Guardian. It’s a MUST READ, in my view. Check it out!

George Osborne talks tough but acts like a Labour chancellor | Simon Jenkins | Comment is free | The Guardian.

Personally, I do not agree with George Osborne’s priorities. I think that Osborne has ignored evidence-based policy and played to ideology and short-term political gain, rather than what is in the nation’s best interests. Osborne has been light on serious reform, e.g., still throwing money at the NHS, rather than insisting on it’s scrapping and replacement with a World-class system of public health. I agree with Jenkins that the local authorities have been decimated, especially the poorer, Labour-led, authorities, who have been traditionally dependent on central government handouts. The local authorities have typically savaged front-line services, rather than take a strategic approach to cost reduction (take a look at what this blog was arguing up to three years ago).

For sure, whoever wins the next election, there will definitely be more cuts or increased taxation.

Here are two open questions:

  1. What has George Osborne really done to increase private sector investment, exports and the nations skill base?
  2. Where will the ax falling the next government?

Any thoughts?

 

 

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Companies that take on under-21s will not have to pay ‘jobs tax’ | Mail Online

English: George Osborne MP, pictured speaking ...

English: George Osborne MP, pictured speaking on the launch of the Conservative Party manifesto for the 2009 European Parliament elections, at Keele University. (805×1207 px, 283,711 bytes) (Photo credit: Wikipedia)

This article published by the Mail Online is a RECOMMENDED READ. Check it out!

via Companies that take on under-21s will not have to pay ‘jobs tax’ | Mail Online.

So if George Osborne reduces companies taxation on employing young young, youth unemployment will disappear?

Unfortunately, as usual, Osborne is doing too little too late. Osborne has engineered the youth unemployment crisis with excessive austerity and not enough investment. Yes, at the margin, companies will be more attracted to employing young people, everything else being equal. However, employers will also worry about the commitment and reliability of young people, many of whom will be light on basic skills.

What has Osborne done to improve UK young people’s competitiveness with people of their own age in the Far East?

Any thoughts?

 

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