
Cuts won’t reduce the deficit – investment will
The recent Budget will not reduce the deficit. The experience of Thatcherism in Britain demonstrates that it won’t, as well as the more recent experience of countries such as Ireland and Greece.

The recent Budget will not reduce the deficit. The experience of Thatcherism in Britain demonstrates that it won’t, as well as the more recent experience of countries such as Ireland and Greece.

George Osborne claims there’s a “trade-off” between cutting welfare spending and departmental budgets. It’s a false choice and reflects only his ideological masochism.

Theresa May yesterday announced the introduction of a temporary cap on skilled immigration to the UK, a policy which the FT estimates will cost every UK household £300 a year in extra taxes or reduced spending.

Sir Hugh Orde, president of the Association of Chief Police Officers, will today warn that “critical duties” may be at risk because cuts if up to a third in the Home Office budget.

It’s hot, isn’t it? In fact, worldwide, we just had the warmest May, warmest Spring, and warmest January-May on record – that’s according to the National Oceanic Atmospheric Association (NOAA) of the US government – and that’s all despite the fact we’ve been in “the deepest solar minimum in nearly a century”.

The English Defence League’s claims to be a non-racist grouping suffered a further blow at the weekend with the revelation that the leader of the EDL, Tommy Robinson, is a former British National Party member jailed for a year for assaulting an off-duty police officer.

David Cameron is today meeting Polish presidential candidate Jaroslaw Kaczynski in Downing Street. Kaczynski, along with many of Cameron’s far-Right European allies – described as “nutters, anti-Semites and homophobes” by Nick Clegg – has long been accused of extremism.

SNP plans for a referendum on independence before next year’s elections to the Scottish Parliament are in a state of disarray according to reports in Scotland on Sunday.

Overall, this was a Budget that seems highly likely to lead to rising unemployment.

The Financial Times reports that “rebel [Lib Dem] MPs have signalled that they will vote in Parliament tonight against the Budget resolution that concerns the VAT rise.” An amendment has been signed, which demands “an assessment of the impact oftest