«Lots more has to be done, and if we don't do that now then our capacity to bring the budget back into balance will require
much more austerity, much more dramatic movement in the future.»
Not exact matches
The U.K.'s challenges are somewhat different from Canada's: as a result of the Conservative Party's
austerity campaign, the U.K.'s economy has suffered
more than Canada's, which has taken
more of a Keynesian approach; and the City, as London's financial hub is known, has had a reputation for a
much looser approach to regulation than that found in either Canada or the U.S. Tal says the U.K.'s finance sector has to change and he expects Carney will attempt to move it in the direction of greater regulation.
In practice, the IMF simply advances however
much a government needs to bail out its bankers and bondholders, pretending that
more austerity enhances the ability to pay, not worsen it.
The NHS budget has actually been ring fenced (don't give them too
much credit for this, it's a cynical way of seeming to «protect»
more popular or «sexy» areas of spending while providing political cover for the overall
austerity programme).
Osborne's forecasts of continued
austerity in the next parliament, a media and public discourse which continues to harden public opinion against claimants, and an ongoing failure to fix underlying causes of social security spend — by building houses and creating well - paying jobs — all mean that our social security system is heading in the direction of
much more short - termism.
While
much is made of the continuity between Jeremy Corbyn, John McDonnell, Diana Abbott and others with the legacy projects of the Labour left, and the absurd attempts by self - proclaimed «moderates» to conjure up the ghost of the early 1980s; the far
more significant phenomenon is the discontinuity with the establishment consensus about
austerity economics, and the development of economic policies by John McDonnell and his team which commit a future Labour government to calibrated state intervention for a capitalist economy that works.
Labour needs to say
much more confidently than it has done so far that this agony of
austerity imposed by the Tories is not necessary and not inevitable.
You can either pretend, as Labour does, that the government should go on as before, and hope no one notices the illogicality of promising to spend far less on
much more; or you can recognise that the crisis of over-spending is really a crisis of over-government and do something about it: progressive
austerity, as George Osborne once defined it.
But the impact has been
much more concentrated in the later years of the economic recovery, as
austerity cuts bite, and education salaries actually found a safe haven in the immediate aftermath of the crash — lessening the impact we see today.»
This minimalist sensibility is even
more apparent in
much of Lin's public art and memorials, which can approach Richard Serra's forbidding
austerity.
Moreover, if you look at recent events such as the violent protests through
much of the UK and Europe against government cutbacks and
austerity, it would appear that the Left are somewhat
more inclined to resort to violence in order to advance their political goals.