After The Tory Budget: What Kind Of Recovery?

article-2241189-1568897F000005DC-974_634x366The economy is nearly as big as it was when the crash happened in 2008. The cake can be large, rich and fruity but if it isn’t yours and you only get the crumbs the size doesn’t matter.
Lowestoft Coalition Against the Cuts has been saying this since it was founded two years ago. We are not all in it together and we do not have to make cuts. We have to share the wealth and tax the wealthy. Then all the services that are now designed to make profits for the already wealthy could be afforded.
Oxfam is more effective in opposition to government policies than any of the opposition parties with the possible exception of the Greens. Its latest report puts it clearly: the country’s five richest families now have more wealth than the 12.6 million poorest Britons. This extreme inequality is an affront to the great majority of people. Why do we allow it to continue?
The tiny tax cuts in the budget are marginal compared to the new welfare cap, the cuts in benefits and pensions, the pay freezes and food and energy price hikes. Years of further cuts lie ahead. Yet Chancellor George Osborne (pictured) tells us that corporation tax, the tax that companies pay on their profits, will to be cut and will be cut again. Why do we put up with it?

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