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Big spending: The spark our economy needs
In his concluding article, ROB GRIFFITHS argues than only a tax on the assets and incomes of the richest can deliver the investment we crave

Read part I of this article at http://www.morningstaronline.co.uk/a-e143-The-illusory-recovery#.VcjRdEVsUmI

THE main point of austerity has never been to reduce the government’s annual spending deficit or the national debt.

If it was, the bond and currency markets would have punished Chancellor George Osborne every time he missed a deficit reduction target as the debt has grown.

  • Robert Griffiths is general secretary of the Communist Party.
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