CHANCELLOR GEORGE OSBORNE AUSTERITY PLAN LOST BRITAIN £240BILLION - Update 4 Dec, 2014

                                                                                                     

DAVID CAMERON AND
 GEORGE OSBORNE 
AS ROBIN HOOD 
BUT THEY REVERSED IT 
AND ROBBED THE POOR 
TO GIVE IT TO THE RICH

Britain has lost £240billion after the longest down turn in 100 years due to Chancellor George Osborne stubbornly sticking to austerity. Yet, nobody is there who holds them responsible for the "loss" of such a vast sum of money. All the big financial institutes, like IMF, European Central Bank, tried to make him change his AUSTERITY plan but to no avail.

The IPPR (Institute for Public Policy Research) a thinktank based in the UK and establish in 1988 and has a centre-left viewpoint. It produces research and policy ideas committed to up hold values of social justice, democratic reform and environmental sustainability.

The preliminary figure showed a 0.8 per cent improvement of the economy for the period of between April and June. Prime Minister David Cameron and Chancellor George Osborne were jubilant and pointed out that it was catching up with the pre-recession levels. In other words their policy is working. However, the Office for National Statistics announced now the true figure of economical growth for that period which was 0.2 per cent.

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This will not rock the world and definitely do nothing to improve the life for people living under the bread line.  After having squeezed the general public like lemons it is nothing to be proud of to only end up with an economy improvement of 0.2 per cent.

Millions of families are still suffering from low paid work. The cost of living have risen 1.9 per cent in the past year and it is six times faster than wages.

A remark from Len McCluskey, Unite general secretary, sums it all up: "Working people are working harder but getting poorer so if the economy is growing, it is not them feeling the benefit."

During the same time the Tory-led Government increased the list of super rich according to the Telegraph as never before. By now the gap is the biggest since Victorian Times. Well done Prime Minister and Chancellor.