Latest editorial
The Bank of England in the City of London
SEEING today’s headlines on economic growth figures in the ruling-class and state media, you would think that Britain had just entered a period of economic boom, unprecedented for decades.
But as working people can plainly see from their daily lives, that couldn’t be further from the truth.
The just perceptible 0.6 per cent rise in GDP might be enough for Tory spin doctors to harp about exiting recession in the run-up to the general election, but it means nothing for working people who continue to be ground down by stagnant wages and the spiralling cost of living.
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE
Exempting military expenditure from austerity while slashing welfare represents a fundamental misallocation of resources that guarantees continued decline, argues MICHAEL BURKE
