Tag Archives: Manufactured poverty

Covid-19’s Death Rate: A Consequence of Austerity?

The political consequence of the 2008 banking crisis was a Conservative led coalition, whose principal economic policy was austerity. This meant a dramatic reduction in the size of the state, especially local government and Britain’s welfare system. Unexpectedly there was … Continue reading

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George Osborne, child benefit and the Conservative hard-right 2010-7

Hard-right chancellor of the exchequer George Osborne (2010-6) used the 2008 financial crash to reduce some British welfare payments. His ideological austerity programme was combined with political pragmatism. Child Benefit, which is paid to mothers as a tax free sum, … Continue reading

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Modern Economic Realities

Incentives  The rich need high wages, bonuses and stock options: the poor need low wages and cuts in benefits. Outcomes The Haves, the Have Nots and the Have Lots Dedicated to George Osborne, British Chancellor of the Exchequer and social … Continue reading

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