Green Party members in East Midlands have a few things to say about the latest budget. This response comes from Derbyshire’s Mike Shipley:
Some time ago, a picture of Osborne, Cameron and Danny Alexander was dong the rounds on Facebook. It showed the three of them sharing a joke, the caption said:
‘What are they laughing at? They are laughing at us!’
If our situation wasn’t so serious, laughter might be the best response to the Coalitions latest budget. Big tax breaks for mega rich companies who will hide their profits off shore and pay huge bonuses, a penny of a pint for the rest of us. Thanks Gideon, you really understand the common people!
But our situation is no laughing matter. This budget is based on a lie. The lie being pushed at the British public is that the financial crisis was caused by excessive public spending, and therefore this spending has to be slashed and the money returned to the private sector who will invest it to create jobs and restore the economy.
The truth is that the financial crisis was caused by reckless bank lending to the private sector, it was private debt that was out of control n 2008, not public spending. It was the banks who created the problem, then they demanded that governments bail them out with public money, threatening to go bust if that money wasn’t produced. In this game of chicken, unfortunately it was Governments who blinked first, encouraged by conservative economists who said that the banks were too big to fail, they had to be saved, all else had to go to the wall. In order to save the banks, public spending had to be sashed to find the money and keep the markets happy.
Now that the banks have been bailed out, they aren’t returning the favour. They aren’t providing affordable finance to projects that will benefit the taxpayers who bailed them out. Instead they are sitting on the cash and using it to justify the continued practice of paying excessive bonuses to themselves. We are rewarding them for their greed and folly with our money that should be being spent on public services that would benefit us all.
None of this will Gideon Osborne recognise. His mission is to win the gratitude of the super rich who will bankroll his Party’s election campaigns. He is using the so called ‘crisis’ to drive his own agenda, which is to privatise as much of public provision as possible, so adding to the wealth of his core supporters. Oh yes, he generously chips a penny of the price of a pint and cuts the fuel duty increase, but don’t bother to drive to the pub to drink to Gideon’s health, by the time he’s finished, this government of millionaires will have made the rest of us considerably worse off.
‘Who are they laughing at? They are laughing at us.’