Austerity Isn’t Working
There is an Alternative
In response to their 2010 publication, There is an Alternative - The Case Against Cuts in Public Spending, PCS have issued this paper, showing how their fears have been confirmed.
This paper addresses the negative consequences of the austerity agenda; cuts to fundamental public services, rises in unemployment and widened social inequality and shows that this isn’t unique to the UK but is also widespread in other countries whose governments have chosen the path of austerity, such as Greece, Italy and Spain.
The paper concludes by once again, presenting an alternative. Stark emphasis is placed on the need to reform the banking system to ensure it works for people, not profit, to implement a fairer taxation system and to invest in public spending in order to boost the economy and create jobs.