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Brexit proved our economy is broken, but our leaders still have no clue how to fix it | Aditya Chakrabortty | Opinion | The Guardian
It ultimately comes down to this: decades of privatisation, hammering unions and chucking billions at the housing market while stripping the welfare state has effectively ended any semblance of a national, redistributive economy in which a child born in Sunderland can expect to have similar life chances to one born in Surrey. Yet politicians remain fixated on mechanisms that no longer work adequately for those who actually depend on the economy. They obsess over GDP growth when the benefits of that are unequally shared between classes and regions. They boast about job creation when wages are still on the floor.
UK  economy  inequality  Brexit  CoetzeeRyan  OsborneGeorge  HammondPhilip  DuncanSmithIain  deindustrialisation  unemployment  privatisation  cuts  GDP  LegatumInstitute  dctagged  dc:creator=ChakraborttyAditya 
10 weeks ago by petej
Austerity, not Brexit, has doomed the Tory party | Aditya Chakrabortty | Opinion | The Guardian
The problem with competence is that you can only bluff it for so long – and then your reputation is shot for good. That, in a nutshell, is the Tories of 2017. Austerity was a political tactic that Cameron and Osborne passed off as a long-term economic plan. It was no such thing. Now May and Hammond have been lumbered with a botchjob for a fiscal strategy and a reputation for ineptitude. Ditch the first and they might just about lose the second. Sadly, I see no chance of them doing either.
UK  politics  ToryParty  austerity  policy  OsborneGeorge  CameronDavid  MayTheresa  dctagged  dc:creator=ChakraborttyAditya 
november 2017 by petej

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