Tag Archives: George Osborne

The Ravages of Austerity – An Analysis

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austerity

The current form of austerity was introduced by the Conservative-Liberal coalition government that came to power in 2010. The world was still recovering from the aftermath of the financial ‘crash’ of 2008; the most significant global economic downturn since the Great Depression (1929-39). It is effectively a campaign of budget cutting designed to reduce the UK’s (at the time) unsustainable

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Resolution Foundation warns upcoming budget is “last chance” to avert massive benefit cuts

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A report by the think tank Resolution Foundation has outlined the effects the benefit freeze has had on claimants and warned the government that the budget is the last change to stop further damaging cuts. The damning report lays bare how the benefit freeze implemented under the Coalition government in 2015 has damaged finances. When George Osborne announced the freeze

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