Is austerity a political choice?

This topic has 4 replies, 4 voices, and was last updated 2 years, 5 months ago by Jules.

Viewing 5 posts - 1 through 5 (of 5 total)

Author

Posts
November 16, 2022 at 15:05 #177507

Jules
Participant

This one really interests me – is austerity a necessity or a political choice?

You hear people claim both. Obviously I’m not surprised that the Tories want to cut back on public spending but is it something they HAVE to do? Obviously the ‘financial markets’ reacted to Liz Truss’s tax cuts – would something similar happen if we didn’t have austerity?

Not looking for a political fight here. Genuinely interested.

November 16, 2022 at 15:07 #177508

Andre
Participant

We’ve got to balance the books somehow. We’ve had furlough, the economy has been destroyed by lockdown. We can’t just keep spending.

November 18, 2022 at 12:01 #177622

Jasmine Birtles
Keymaster

It’s a point but I’m personally pro the growth plan that Liz Truss tried a month ago. I think the markets were stupid to react as they did. We should have gone with her plan in order to get ourselves out of the recession. Austerity won’t work.

November 21, 2022 at 10:35 #177698

Marc Crosby
Keymaster

It’s very scary – a pub near me that has been open for years has had to close down. The mix of inflation and bills going up, combined with customers having less spending power has made the situation impossible for them. Genuinely worrying how many other businesses will be in the same position.

November 21, 2022 at 10:49 #177706

Jules
Participant

Marc Crosby wrote:

<span style=”color: #646464; font-family: filson-pro, sans-serif; font-size: 15px;”>It’s very scary – a pub near me that has been open for years has had to close down. The mix of inflation and bills going up, combined with customers having less spending power has made the situation impossible for them. Genuinely worrying how many other businesses will be in the same position.</span>

My High Street was already on its knees before this…it’ll be a wonder if there’s a High Street left.
Author

Posts