Skip to main content

Mr Osborne knows best!

I sometimes wonder when I listen to discussion about 'the unemployed' and 'getting tough', or about 'strivers' and 'shirkers'  whether we appreciate fully the seismic impact of the financial crisis on British businesses and jobs. In the space of 12 months in 2008/09 a staggering 220,000 companies went out of business with the loss of 1 million jobs.  What is needed is investment and the creation of new jobs. What is not needed is cuts in spending. Cuts in spending further contract the economy and increase the deficit in public finances through loss of tax revenue. The way out of recession is to get people back to work productively, spending in the high street and paying taxes.

It all seems obvious. It isn't the equivalent of economics rocket science. Many have been saying it. The tragedy is the coalition and the political consensus signed up to the idea that the deficit had to be cut. The deficit was not the problem. It was if anything a symptom. Now we have chief economists at the IMF saying what we knew all along. Not only should there have been a plan B, there shouldn't have been a plan A. Plan A, a slash and burn of  public spending and services, is doing dreadful damage not only to economic recovery but to the people most affected, the poorest. 

But what is Mr Osborne's response to the Chief economist at the IMF calling for change in approach? He rejects it. "I don't think it is right to abandon a credible deficit plan," he says. He is concerned about losing credibility should the government now change course. Credibility? With the economy likely to move into triple dip recession there is no credibility. The only credibility is that of saving face; of not admitting that the coalition have got it so terribly wrong. So we are set to continue with policies that are clearly not working.


Comments

Popular posts from this blog

Palm Oil production killing the planet

Bad trade and bad products are killing our planet. We have said this before on The Thin End. There is no better example than that of palm oil. It is used ubiquitously in so many products, and its production is a major factor destroying rainforests and threatening precious species.

Demand for palm oil is 'skyrocketing worldwide'. It is used in packaging and in so much of our snack foods, cookies, crackers, chocolate products, instant noodles, cereals, and doughnuts, and the list goes on.
Bad for the planet So, why is this so bad for the planet?

The oil is extracted from the fruit of the oil palms native to Africa. It is now grown primarily in Indonesia and Malaysia, but is also expanding across Central and West Africa and Latin America.

Palm oil production is now one of the world's leading causes of rainforest destruction, and this is impacting adversely some of the world's most culturally and biologically diverse ecosystems. Irreplaceable wildlife species like t…

Time to ban organophosphate pesticides?

How would you react if your neighbour told you he was going to spray his garden with a neurotoxin used in WW2? "Oh don't worry!" he assures you, "it's only a low dose!"
"A neurotoxin?" you ask incredulously "Are you crazy?"
"It's very effective!" he asserts.
"How does it work?" you ask.
"It stops the pests' brains working" he asserts with a smile.  "Everyone uses it."
"But..."

Campaigners in the USA hope that with Scott Pruitt’s resignation, and with a new administrator Andrew Wheeler at the helm of the Environmental Protection Agency (EPA), this presents another chance to apply pressure and achieve a national ban in the United States on the organophosphate pesticide chlorpyrifos once and for all.



Organophosphate insecticides, such as diazinon, chlorpyrifos, disulfoton, azinphos-methyl, and fonofos, have been used widely in agriculture and in household applications as pesticides si…

Hummingbird exposure to pesticides

Many have responded to the campaigns to stop the use of pesticides killing bees.  Bees are not the only animals affected.

Hummingbirds are noted as a species of conservation concern by Partners in Flight, and their populations are estimated to have declined by 60% between 1970 and 2014.



New research reveals that hummingbirds and bumble bees are being exposed to neonicotinoid and other pesticides through routes that are widespread and complex. The findings are published in Environmental Toxicology & Chemistry.

To measure exposure to pesticides in these avian pollinators, investigators made novel use of cloacal fluid and fecal pellets from hummingbirds living near blueberry fields in British Columbia. They also collected bumble bees native to Canada, and their pollen, and blueberry leaves and flowers from within conventionally sprayed and organic blueberry farms.

The researchers detected pesticides and related compounds in cloacal fluid and fecal pellets of hummingbirds revealing…