Campaign news

Chancellor’s Autumn Statement: Glitter and Baubles can’t Mask Failure

3rd December 2014

Chancellor’s Autumn Statement: Glitter and Baubles can’t Mask Failure

The economy is weakening, and the recovery that most people haven’t yet felt is fading fast. Six months out from a general election this Autumn Statement offered glitter and baubles but little of substance.

There was nothing in the Autumn Statement to address the real crises afflicting the economy - of falling wages, rising homelessness and of a banking sector that remains out of control. This outgoing Chancellor leaves a more unbalanced economy on the precipice of renewed crisis.

John McDonnell MP, LEAP chair, said:

This was delusional stuff. Tinkering with stamp duty won’t mask the insecurity, low pay and cuts that ordinary people will continue to experience.

“The Chancellor’s presents were empty boxes, baubles to distract from the real issues people face.”

Andrew Fisher, LEAP co-ordinator, said:

“We have more growth but less revenue, higher employment but lower incomes. This is because the economy is fundamentally unbalanced and nothing the Chancellor announced today will redress that.

“The intense austerity scheduled for 2015 and beyond will tip this failing economy over the precipice - and with it millions of people into poverty.”

Thanks to:

For more extended comment, see Michael Roberts’ blog:

Bookmark and Share


By Ian Hodson It’s great news that a mainstream political party has recognised the importance of taking positive action to raise pay. Since 2008, politicians from all parties along with many in the media, have pushed the narrative that society will somehow improve by imposing austerity and blaming minority groups for the state of the country’s finances. Sadly, many have fallen for this deception and the ‘look over there’ politics that has rose to prominence since the Conservatives returned to power in 2010. [continue...]

Folkestone United – coming together to support migrants Bridget Chapman, Folkestone United, reports [continue...]

No Witch-Hunts In The GMB, Reinstate Keith Henderson (The Online Petition) Keith Henderson Essex LRC member and former Regional Organiser of the GMB Union was dismissed from the GMB last December, Keith has always believed that the real reason for his dismissal was because of his socialist beliefs and the manifestation of his beliefs. [continue...]

Please see our Labour Briefing Website here: [continue...]

The LRC is supporting a broad alliance of campaign groups and trade unions against the proposals in the Welfare Reform Bill (currently before Parliament) and putting forward our alternative based on social justice and welfare for all. [continue...]

Across the country working people are losing their jobs and their homes. Meanwhile the bankers who plunged us into this crisis have been bailed out with billions of pounds of our money. It’s time to fight back. Their Crisis Not Ours! is the LRC’s campaign to bring together workers, pensioners, the unemployed, students, those facing repossession and all those suffering because of an economic crisis that has been imposed on us. The campaign is supporting the demands of the People’s Charter. [continue...]

Rail bosses are using the recession as an excuse to attack jobs and conditions and cut back on services and essential rail works, and hike rail fares - as LEAP research suggested they would. Thousands of jobs are being threatened or have been lost. At the same time rail fat cats are raking in big profits and bonuses on the back of the most expensive fares in Europe. Make no mistake: as the recession worsens so will the attack on rail workers and rail services. [continue...]

The campaign calling on the Government to abandon its plans for privatisation of Royal Mail. The Government has introduced the Postal Services Bill to part-privatise the Royal Mail. With our affiliate union CWU we are fighting to Keep the Post Public! [continue...]

The campaign to demand the Government funds improvements to all existing council housing, and to start building first class council homes to address housing need. For more information see Defend Council Housing website. [continue...]

Campaign news


Find us on Facebook Follow LRCinfo on Twitter

Corbyn for 2020:


Subscribe to Labour Briefing

Labour Briefing