Skip to main content
Donate to the 95 years appeal
Meacher aims to blow hole in argument for austerity

BRITAIN could run a £45 billion deficit and have more jobs and higher wages than today, Labour MP Michael Meacher said yesterday.


Mr Meacher will today launch “What the main parties are not telling you,” his new book that blows a hole through the economic arguments for austerity.


The book’s Budget day release is designed to debunk Chancellor George Osborne’s argument that we need more cuts to wipe out Britain’s £95bn deficit.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Britain / 14 August 2016
14 August 2016
No-one left behind with schools run NHS-style
Britain / 14 August 2016
14 August 2016
Britain / 12 August 2016
12 August 2016
Court blocks 130,000 from voting
Britain / 12 August 2016
12 August 2016
Similar stories
Chancellor of the Exchequer Rachel Reeves speaks at a reception for British and EU businesses in Downing Street, London, May 19, 2025
Austerity / 31 May 2025
31 May 2025

Exempting military expenditure from austerity while slashing welfare represents a fundamental misallocation of resources that guarantees continued decline, argues MICHAEL BURKE

Rachel Reeves and her Treasury team prepare to leave 11 Down
Features / 22 February 2025
22 February 2025
In his first of a new monthly economics column MICHAEL BURKE argues that public-sector investment is more effective, more productive than private-sector investment
Chancellor of the Exchequer Rachel Reeves speaks during the
Features / 5 October 2024
5 October 2024
In light of its retreat on green investment, DIANE ABBOTT MP dissects Labour’s economic priorities, questioning whether the promised ‘light at the end of the tunnel’ will materialise amid signs of continued cuts and massive spending on war
TREASURY MIND: Rachel Reeves
Features / 5 September 2024
5 September 2024
The Chancellor is rehashing discredited Victorian economics, showing the party has learned nothing from a century of failed Gladstonian economics, ignoring Keynes and betraying workers, writes KEITH FLETT