Thread (1/13)
With all the government is doing, it is hard to keep track of the big picture.
This thread argues that the UK risks ceasing to be a functioning democracy with a strong economy and a prosperous population and becoming the world’s first ‘formerly developed nation.’
(2/13)
On COVID, the government plans an imminent, unconditional surrender to the virus, at a time when we need strong leadership. 99-percent.org/leadership-in-…
(3/13)
Which will increase the likelihood of bodies piling high, especially among more deprived groups.
(6/13)
And making sure that while we talk about ‘equality under the law’ there will be a very different law for them than for us. 99-percent.org/what-is-happen…
(7/13)
Which is a core objective of the market fundamentalist agenda.
“The new Sovereign Individual will operate like the gods of myth in the same physical environment as the ordinary, subject citizen, but in a separate realm politically.” 99-percent.org/what-is-the-ma…
(8/13)
As is deconstructing the post-war social contract, starting with the Welfare State, which they claim is no longer affordable.
In opposition, Rachel Reeves and Sir Keir Starmer spoke of the need for a decade of national renewal; and since they have taken office, the evidence of the need for that renewal has grown even stronger.
(2/12)
And they have also spoken about a “financial black hole, the £22bn of unfunded spending commitments, concealed from our country by the Tories” and the Chancellor has talked about the need for “iron discipline.”
(3/12)
Rachel Reeves also said,
“Yes, we must deal with the Tory legacy – and that means tough decisions. But I won’t let that dim our ambition for Britain. So, it will be a budget with real ambition. A budget to fix the foundations. A budget to deliver the change that we promised. A budget to rebuild Britain.”
It is critical for the country (and for Labour) that this second viewpoint predominates as the Budget is prepared.
The House of Lords Inquiry into Debt sustainability has just reported.
This thread explains our serious concerns about the methodology and findings of that report.
(2/15)
The Chair of the HoL Economic Affairs Committee launched his Inquiry with the words,
“Our national debt stands at an incredible £2.6 trillion. A recent OBR report stated that the 2020s were turning out to be ‘a very risky era’ for the public finances. Our inquiry will explore if and how the UK can manage this level of indebtedness.”
Words which suggest that he had already decided the answer he was expecting.
(3/15)
The Inquiry invited submissions from concerned individuals and organisations. It also took oral evidence from selected individuals.
Thread (1/21)
The media are making comparisons with 1997.
But 1945 may be a more apt comparison.
When we compare…
(2/21)
… the state of the country now with 1997:
“In 1997, the incoming New Labour government … enjoyed the luxury of rapid economic growth…
Reeves, if she becomes chancellor, will not. Her task would be far harder. It would also be correspondingly more important. New Labour had to avoid messing things up. Today, a new government would have to effect a transformation.”
(3/21)
So perhaps a comparison with 1945 is illuminating.
Materially, things were far worse then than today, but in terms of the national mood and democratically, they were far better…
Thread (1/14)
We will not know the final outcome of the election until the morning of 5 July.
On that morning, I do not want to wake up to more of this…
(2/14)
I do not want to see more of a government which treats environmental issues as a barrier to profit and climate change as a myth peddled by “eco-zealots.” ft.com/content/02ecb9…
(3/14)
I do not want to wake up and see that the government which has brought 4 million children into poverty, will be funding tax cuts for the wealthy by “tackling welfare.” itv.com/news/2024-07-0…
Thread (1/19)
Yes, this election is about our future. And our children's future.
Based on the evidence of the last 14 years, we know what to expect from the Conservatives … and it is nothing like what Sunak says it is. 19.com/RishiSunak/sta…
(2/19)
Based on our personal experience we know that, if the Conservatives retain power, we should expect to be poorer…
Thread (1/21)
This thread looks at why the Conservatives are so keen to focus the debate on the future, not the past.
Despite saying that they wanted to be judged on their record.
So, let’s take a look at that…
(2/21)
After the Global Financial Crisis, the Tories told us that because of what they claimed were unprecedented levels of debt, there was no choice but to implement austerity… 99-percent.org/debt-hysteria/
(3/21)
But we should not worry about that because, once the state was rolled-back, growth would be even stronger.