THIS IS CLASS WAR
NOVANEWS
So said women in Deptford in south east London interviewed by the BBC after the coalition government’s 22 June emergency budget. ‘An admirably tough-minded statement of intent,’ said The Economist, noting that sterling and gilts had strengthened, demonstrating the City’s approval of the attack on public spending and on the working class (26 June 2010).
‘Overall, everyone will pay something, but the people at the bottom of the income scale will pay proportionately less than the people at the top. It is a progressive budget,’ claimed Chancellor George Osborne. This brazen lie was quickly exposed even by the ruling class’s own Institute for Fiscal Studies and the Financial Times.
The emergency budget will cost £113 billion by 2014-15, that is £4,300 a year on average for every ho...
