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

  • Comment Reaching new communities

    Reaching new communities

    This article is from Our Labour, Our Communities – a pamphlet of 10 essays by Labour PPCs, published by LabourList in partnership with Lisa Nandy MP. I am proud to be standing as the candidate for my hometown of Hastings & Rye, but I am equally proud to stand as a parliamentary candidate who is also half Chinese and half British. My mother is Chinese Malaysian and came to this country 41 years ago to be a nurse in Hastings and continues to […]

    Read more →
  • Comment Labour could lose out by not making it’s stance on Trident clear

    Labour could lose out by not making it’s stance on Trident clear

    Cutting Trident will be the price of support in a hung parliament. That’s the news reported from a meeting of the SNP, Plaid Cymru and Green leaders this week. With Labour’s slim lead and the SNP and Green vote threatening to impact on its share, this is a serious issue. Labour’s policy clearly states, ‘Labour has said that we are committed to a minimum, credible independent nuclear deterrent, delivered through a Continuous At-Sea Deterrent. It would require a clear body […]

    Read more →
  • Comment Featured Is Cameron “frit” of TV debates? Let’s try the empty chair threat

    Is Cameron “frit” of TV debates? Let’s try the empty chair threat

    Lord Ashcroft has told him he shouldn’t have done it in 2010. Lynton Crosby has told him not to do it in 2015. It’s no surprise that David Cameron is trying to wriggle out of televised leader debates during the General Election – even though he has said he is willing to take part “in principle”. Time perhaps to dust off one of Margaret Thatcher’s favourite barbs “He’s frit.” Neil Kinnock tried it in 1992 to try to goad John Major into […]

    Read more →
  • Comment Flexibility makes for good work, strong families and thriving communities

    Flexibility makes for good work, strong families and thriving communities

    By Stephen Timms MP and Ian Murray MP The Christmas period reminds us that modern life can be busy, hurried and demanding. The pressures of work, demands of family life and hectic Christmas schedules can prove stretching as we juggle competing demands. Increasingly the need for flexible work is driven by the complex shape of people’s lives; as parents go to work, struggle to make ends meet, perform career roles, take their children to school and activities and try and carve […]

    Read more →
  • News Labour MP questions campaigning roles of publicly funded advisers

    Labour MP questions campaigning roles of publicly funded advisers

    As the start of the long campaign begins today, curbing the amount of money parties can spend between now and May 7th, Labour MP Jon Ashworth has sought to clarify what precautions are being taken to ensure publicly-funded government advisers are not using their time campaigning. Ashworth has sent a letter to senior civil servant Jeremy Heywood, asking him to answer a number of questions about what kind of campaigning activity was permitted and undertaken by special advisers (SpAds) in […]

    Read more →