Building a dream

Diane Abbott called it right.  According to Paul Waugh on Twitter:

As well they might.  But do not be mistaken, although Liberal Democrats with narrow majorities over Labour MPs will be rueing the day they lined up for such a shafting, it is all of us who will be getting fucked.

Royally, in fact.  While the Queen struggles to get by on £7.9m, while the banks cough up an estimated £2bn per year in return for the £850bn they were gifted, pensioners, the disabled, the unemployed, those claiming housing benefit, lone parents and pregnant women – fat cats one and all – will be ensuring that Britain’s books are balanced by the time of the Olympics after the one we are still spending billions on.

Whatever else you think of it, it is no-one’s idea of progressive. Nor is the raise in VAT, of which the richest 10% pay one in every 25 pounds of their income and the poorest 10% pay one in every seven pounds.  Meanwhile our corporation tax will now fall to a level that, according to the Channel 4 News FactCheck, will make it the fifth lowest in the G20.  Hooray for corporations!

Still, at least the cider tax has been reduced.  I suggest you lay in a few bottles before the VAT goes up.  You will soon be needing the warm glow and sweet balm of oblivion that they can provide, along with this beautiful evocation of Depression-era survival techniques from Tom Waits:

A warning: the last time Conservatives tried cutting public spending in response to a global financial catastrophe, it did not end well.  See you on the bread lines.

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5 Comments

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5 responses to “Building a dream

  1. richardsblah

    Well said. There sure are dark days ahead for those of us at the lower end of the scale. Just remember, this is a fair budget, made by men of iron resolve, unafraid of the difficult decisions. Blah, blah, blah. The Lib Dems are starting to look like Faust, and they know it. Kind of like that other famous coalition between the Germans and the Italians in the 40s.

  2. Just a horrible, horrible budget.

    I’ve just written a piece for Claude at Hagley Road about the Lib Dem betrayal and how a deal with the devil is just not worth it.

  3. Julia Smith

    Hi Richard, thanks for commenting and hello DHG!

    I broadly thought the coalition would be a good idea to keep electoral reform on the agenda, serve as a final nail in the coffin for FPTP and also the slight chance that the Libbies could keep the lunatic wing of the Conservative Party at bay long enough for the economy to recover.

    That last one? Not so much. Now all we need is a no vote in the referendum and we are totally doomed.

    • richardsblah

      I was cynical about this coalition from the start, but even so, I’ve been amazed how quickly the Lib Dems have been swallowed up and neutralised. They’re little more than cannon fodder. Pre-election, three party politics finally seemed to be a meaningful prospect, but it’s all but destroyed now. I can’t see electoral reform hitting the agenda as any kind of urgent matter.

  4. Right after Chancellor George Osborne’s speech, here 6,700 miles away our Hong Kong governments wants to do the same thing. Does it get better or worse?

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