Ahead of the March for the Alternative – the London demonstration on Saturday 26 March – the Trades Union Congress has launched a new pamphlet arguing that Cuts are not the cure.
The government’s decision to close the deficit in just four years and to do so by cutting four pounds in spending for every pound raised in tax are political choices not put to voters at the last election rather than economic necessity says the pamphlet, which cites the arguments of three Nobel prize winners.
It sets out to destroy the myths the government is putting forward to justify its ideological attack on societies most vulnerable. It explains the difference between the annual deficit and the national debt and that the UK’s debt is lower than in most years of the last century, lower than in many other countries and cheaper to service than in almost every year between the end of World War II and 1997.
The government is wrong to say that there is no alternative. Cuts are not the cure argues for the introduction of a fair tax regime that raises more money from the finance sector through a Robin Hood tax and cracks down on tax avoidance and evasion as measures that would reduce the debt while not making everybody pay for a crisis they did not cause.