Posted Under: Economy,GreenFeed,Liberal Democrats,Socialism,Tories
Following the news that the UK is in the worst double-dip recession for half a century, today’s hot trending Twitter topic is #OsborneExcuses. A few of my personal favourites include:
The truth is there are no excuses. I once asked Osborne whether in times of cuts and record debt now is really the time to be cutting corporation tax. For him, the answer was clear. Lower taxes encourage investments, jobs and growth. Today’s figures from the Office of National Statistics revealing a shock 0.7% drop in GDP show just how wrong that was.
But Osborne’s tax cuts for the world’s biggest corporations and spending cuts for Britain’s most vulnerable people are not the wrong answer to the recession because they are not an answer at all. They are an ideological assault on the poor by the rich. It is not a class war, but a class massacre.
Time to rise up. Time to say no. Murmurings among the Lib Dems are already calling for Osborne’s head. But it should just be the first. This government is as morally bankrupt as it has made our country economically. Time for it to go. Time for plan socialism.