‘When you add in the cuts to core public services, tax credits, housing and disability benefits that will hit the poorest hardest, this isn’t just an economic disaster. It’s a human one measured out in blighted lives for years to come, delivered in the service of a programme that has already failed in its own terms – while shrinking the state and cosseting the corporate sector.
‘Given the Cameron coalition’s legacy and the cuts and tax rises it’s planning well into the next parliament, the danger is that Labour locks itself into continuing austerity in a bid for credibility.
‘As the experience of its sister parties in Europe has shown, that would be a calamity for Labour – but also for Britain.’
~ Seumas Milne
See also: David Cameron vows to press on with deficit reduction ‘We have to go further and faster,’ says prime minister as Bank of England officials disagree over best strategy
The content previously published here has been withdrawn. We apologise for any inconvenience.