We had a large national debt. Every government has a debt but when the economy collapsed due to the world recession and the interest rates rose the debt became a millstone round the neck.
There is no dispute that we needed to pay the debt off. It is how it is done that is the crux of the matter.
The Goodwin plan should have been implemented:
Reduce government spending.
a. Trim the budgets to remove the fripperies (training, innovations, meetings, pamphlets, glossy brochures) and put practitioners back from think tanks and training programmes into classrooms and hospitals.
b. Keep everything the same and introduce no changes. Every change costs money.
a. Stimulate the economy by introducing building programmes that get people in work to pay more taxes.
Instead of introducing The Goodwin Plan this is what the Tories actually did:
a. Used austerity as an excuse to slash Public Services – reduced wages, cut pensions and made conditions worse for Nurses, Teachers, Firemen, Council Workers, Police, and everyone else in the Public Sector.
b. Brought in huge rafts of ideological reform and change costing billions, increasing privatisation and causing chaos. Public Services were thrown into such disarray they didn’t have time to protest.
c. Slashed benefit for the needy.
d. Produced lots of low-paid, temporary and zero-hours jobs which got people off benefit, paid starvation wages but produced no tax return. Cheap labour for the rich to exploit.
e. Gave tax cuts to the rich.
f. Did nothing to deter the huge salaries and bonus culture at the top. The rich have never had it so good. It makes a mockery of ‘We’re all in it together’.
Result – we still have a massive debt, the economy is labouring, the rich are richer and the poor are poorer. That’s about par for a Tory government. They are there for the bosses. If it wasn’t for the media (owned by Tories) putting a spin on it and obfuscating the reality it would be obvious.
Tories look after their own!
Instead of tackling the problem they used it as an excuse to reward their rich chums, guarantee they themselves have juicy advisory jobs to walk into, and fleece the poor.