New Yorker Magazine slams Osborne – says “austerity policies don’t work”

December 10, 2012 1:12 pm

Osborne might have avoided a total media thumping for his Autumn Statement last week (somehow), but his failure hasn’t gone unnoticed overseas, with the respected US magazine The New Yorker noting:

“With all the theatrics going on in Washington, you might well have missed the most important political and economic news of the week: an official confirmation from the United Kingdom that austerity policies don’t work.”

You can read the piece in full here.

  • Serbitar

    The British economy needs George Osborne like a fish needs a bicycle.

  • Cari_esky

    What they should also mention is how much Osbourne and co seem to love austerity and relish it and this is why they will not budge on their cherished ideology.
    The Conservatives were once known for their pragmatism, I can’t see them being known for this now.

Latest

  • News Scotland Miliband tells Scottish Labour: “We face a tough fight but no tougher than the fights we have faced in the past.”

    Miliband tells Scottish Labour: “We face a tough fight but no tougher than the fights we have faced in the past.”

    Ed Miliband is at the Scottish Labour Gala Dinner this evening. The atmosphere in the Scottish party is understandably tense following the resignation of Johann Lamont this week, and a poll today which shows the party are 29 points behind the SNP.  Miliband was speaking after Anas Sarwar – who used this evening’s Gala Dinner to announce that he’s standing down as Deputy Leader of Scottish Labour, triggering a Deputy Leadership election. The Labour leader was seeking to rally the […]

    Read more →
  • Featured Scotland Anas Sarwar steps down as Deputy Leader of Scottish Labour

    Anas Sarwar steps down as Deputy Leader of Scottish Labour

    Anas Sarwar has announced he’ll be stepping down as Scottish Labour leader. Speaking at Scottish Labour’s Gala Dinner, Sarwar – who had previously refused to be drawn on whether he’d resign from his post – told attendees at tonight’s dinner that he was triggering a Deputy Leadership contest that will run alongside the leadership contest, but would stay on as interim leader until December 13th. Before tonight’s dinner, he told the Daily Record: “After thinking about it long and hard over […]

    Read more →
  • News Double defection – Two councillors quit Tories and join Labour

    Double defection – Two councillors quit Tories and join Labour

    Two councillors have defected from the Tories to Labour in Dudley this evening. Glenis Simms and Cheryl Billingham have resigned from the Conservative Party and joined majority Labour Party on Dudley Council, and were welcomed into the party by Shadow Transport Secretary Mary Creagh as well as local MP Ian Austin. Simms told the Express and Star: “People are finding it harder and harder to make ends meet under this Government. Labour seems to be the only party to have a […]

    Read more →
  • Comment Only by working together that we will be able to defeat nationalism

    Only by working together that we will be able to defeat nationalism

    Since before the Independence Referendum the Scottish Nationalists have tried to drape themselves in Labour’s clothing, pretending they are the party of social justice, promising a socialist utopia if only people voted for independence, all the while passing on cuts and austerity from a Tory Government in Westminster. They even suggested that voters would get ‘a better’ Labour Party if only they voted for independence. What a ruddy cheek! Since the vote they’ve done a pretty good job at trying […]

    Read more →
  • News Miliband dismisses Lamont’s “branch office” claims in Daily Record interview

    Miliband dismisses Lamont’s “branch office” claims in Daily Record interview

    Ed Miliband has broken his silence over Johann Lamont’s resignation – and specifically allegations that Scottish Labour was treated like a “branch office” – in an interview with the Daily Record. Miliband told the paper: “I was proud to work with Johann in the referendum campaign. I see it differently from the way it’s been described. I think we changed in terms of the 2011 review (of the Scottish Labour Party), with a new Scottish leader, redrawing Scottish constituency parties to […]

    Read more →