Left & Right Unite to put skids under May’s Government

www.theguardian.com/business/2017/jul/13/tories-obr-debt-recession-brexit-uk

www.telegraph.co.uk/news/2017/07/12/theresa-mays-government-could-come-apart-like-chocolate-orange/

The links above take you to the the left leaning Guardian and the right wing Telegraph newspaper web sites.

Whilst the stories in themselves are not linked they both illustrate the precarious nature of Teresa May’s weak and wobbly government and the threat that we all face from a hard Brexit (supported by opposition Labour as well of course) and that huge deficit that the UK is carrying around on its back.

Add into that the inevitability of another recession within the next 5 years and frankly it could depress the most optimistic of us.

Going for Brexit in financially good times would be a huge challenge but going down that route in the mess that the UK’s finances are presently in is surely complete madness.

My thanks to Roy Connell & Keith Page for the leads to this posting

Blood on our streets? Well some senior Tories seem to think it quite possible

www.theguardian.com/commentisfree/2017/feb/19/why-some-tories-fear-blood-on-the-streets

The Guardian has the story on its web site – see link above

Well this is a sobering article indeed but frankly it’s not so far away from what I have been thinking.

No Government can survive for ever a sustained attack on the living standards of its people and that’s what the Tories are creating and indeed deepening.

Brexit, especially a Hard Brexit would be a hugely challenging agenda if we were at the top of a the economic cycle, with low debt (personal and public/national), good public services and wages at a decent level. Trouble is we have have none of these advantages so Brexit, with its huge costs to the public purse and our personal finances, should not even be being contemplated by all but the seriously deluded for a very long time indeed – or never in my book.

Why you can see Downing Street saying ‘we must deliver Brexit come what may; its the will of the people’. Well no its not actually as those that voted for it, or at least the vast majority of them, had no idea what damage it would cause to the UK and their own livelihoods.

The bottom line is that even if we ignore the huge black hole of Brexit we are in a horrible economic place with little chance of an improvement without a good following wind. The economic collapse of 2007 exposed very serious fault lines in the UK yet years of austerity have not really scratched the surface.

To me the obvious reaction a to all this is scrap Brexit, scrap renewal of Trident, accept that taxes have to rise particularly for high earners and hope for an economic miracle. If all that happens then we may just about get our noses above the water line.

And we thought that Greece and Ireland were in deep economic trouble!

With thanks to Roy Connell for the lead to this posting.

The black hole in the UK public finances – Better have a stiff drink before reading this!

www.theguardian.com/business/2017/feb/07/ifs-warns-steep-cuts-tax-rises-40bn-black-hole-uk

The Guardian has the story on its web site – See link above

Now if you are already concerned about the state of our economy this will confirm why your blood pressure is high. If you have not considered this before you had better sit down with a stiff drink before reading!

Mind the gap! The job is only half done, so there is fiscal pain ahead

www.independent.co.uk/news/business/comment/hamish-mcrae/mind-the-gap-the-job-is-only-half-done-so-there-is-fiscal-pain-ahead-9833495.html

Hamish McRae in the Independent tells the story – see link above – that our political leaders are too frightened tom tell us.

This and climate change are our biggest challenges – Don’t get side tracked into issues that are nowhere is big as these.

Austerity under Labour will be worse than under this Government

One thing I have noticed in recent times is that Labour don’t have the heart to go in for many shouting sessions about the Coalition Government and these days, the odd mumbled derogatory remark about the cuts is about all you hear.

Why is this? Well it’s because Labour councillors know that if Labour wins the next General election it will impose greater cuts in public expenditure than the present Government. It’s hard to rant and rave knowing this.

But only a couple of years ago Labour were condemning all the austerity measures (caused by their mismanagement of the economy and the recession I would add) and saying at a local level how Labour would reverse all the cuts and there would be money left over for just about any cause you could mention. Ed Balls effectively stopped such ludicrous commentary by saying how hard Labour would be in reducing the national deficit that they had done more than their fair share to create.

And I say this now why? Well on Thursday 2nd October I attended a meeting of Merseyside Fire Authority where some very significant savings have to be made involving merging/closing some fire stations to balance the books.

Yes, Labour had their little digs about the Coalition but frankly I got the distinct impression they were going through the motions and their heart was simply not in it. Not once did a Labour member say that come a Labour Government being elected more money would be handed out to stop the savings having to be made.

On the other hand the Fire Brigade Union was singing from the same hymn sheet that Labour lost a while ago. But then again they are genuine socialists who believe in common ownership and the kind of socialist governance of the UK that Labour ditched a couple of generations ago.

You get the impression that Labour still likes to pretend it is a socialist organisation despite it being more capitalist by the day. They like the comradely trappings of the Red Flag but their policies are very much wrapped in a free market flag.