The CSR which was announced on Wednesday is now starting to take shape and the impact behind the words to be understood.
Word on the street is that its not good for the poorest of society. Its also not good for the top 2% either.
Really what has happened is a lot of picking apart of the welfare system. With a view to ensuring that only the truly needy get the support. However with over half a million jobs being cut, there is going to be a lot of truly needy people 🙁 The Chancellor believes that all the losses can be taken on by the Private Sector, but when the private sector is shedding jobs too, just where are these new jobs coming from? What is more, he has solidly promised that he will not back down or moderate what he has done.
The IFS has reviewed the CSR and they are not great fans. But that’s OK as George Osborne and Nick Clegg have denounced the IFS as not knowing what they are talking about. Not quite what they have said in the past, when they praised the IFS, but never mind.
What is really an issue is that this is not a progressive economic strategy, this is a gamble. We should have had a steady and progressive recovery, one that brought the country along with it, encouraging growth, instead, Osborne has flipped the Coin, and we are all along for the ride.
But, you know what, that is not the worst thing, no matter if you agree or not, Osborne is doing what he thinks is right. What beggars belief, and sickened me to my stomach, was watching the Government benches cheering the Job Losses, the anticipated pain to come, what does that truly say about the Government, not even capable of Compassion and Humility.