More Lies From Osborne

I’m not remotely taken in by George Osborne’s recent statement that he wants full employment. It’s a soundbite, nothing more. He isn’t going to pursue any worthwhile policy that would promote it. Official unemployment may indeed have fallen, but the numbers still don’t add up: 2.5 million unemployed chasing 500,000 vacancies, and that’s just the national average. The local picture will be far worse than that in the north of England. Let us not forget that it was another Tory chancellor – the odious Norman Lamont – who once said that high unemployment was a price well worth paying for getting inflation down. Substitute defecit reduction (with an undelcared policy of further enriching the rich and big business) for inflation and it’s clear nothing has changed.

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