be AFTER Howe's Budget, Britain Murray pleaded on TV ali policies Britain is 'one big family'.
According
worid.
problems. those Yet Howe in proposals the poor.
worid deep trouble. Therefore, Profits and being lazy or nonsense, but capitalism is has declined relative to its rivals.
nor the ruling through government spending.
di C built by ling the money supply.
bankruptcies wages will be forced down.
has to be slashed.
Tory cuts
spending over mose of social welfare.
sizes. school closures, redundancy. per cent this year Len government to radically change and recognise that •to Murray, the government should sit down with the TUC and the CBI. and like any other family, work out its This Budget made it plain that Britain is a divided country, with a huge rift between the rich and The problem is that the system which the rich own and run is in say the Tories, the poor have to pay the price for pulling it out of the mire.
At the root of Howe's proposals is a stark fact: for years the profits of British companies have been falling.
This is nothing to do with workers Many other such because paying the price for being one of the first industrialised countries, and for the past 80 years it Last year, with the exception of the fabulously wealthy oil companies, profits were down by 7 per cent. It is certain that they will fall even further.
During the 1974-5 recession the class boosted the economy But this time the Tories are choosing to solve' the problem by rigidly controlThey hope that by the threat of and unemployment, But to keep the money supply under control, every aspect of government spending Total cuts of £900m in public the next year WelC announced in the Budget. A further £700m will be cut from the spending of local authorities. The victims will be education, health, and every aspect back Education will be cut by £300m over the next year and f820m over the next five years, ensuring large "class and teacher Hewith spending is increasing by 2 - at a time when inflation is around 20 per cent. The cost of the extra 2 per cent is in any case being shifted to the sick by the increase of prescription charges to £1.
Spending on housing is to be cut by even than announced last year, a further £378m.
Combined with the sale of council houses and the Tories' plan to end all 1 councu house building, it will mean that the situation for the homeless will get worse far years to come The Budget attacks children and the unemployed in other ways, too. Child benefits have been increased by less than inflation, as have short-term social security benefits.
By 1982, not-only will the latter be taxed, but was will go and strikers' benefits will b reduced by f12 a week. Why should the Tories hand out money to strikers, when in cal be used to boost the bosse because- creases will not bs until Noyember.
Bys teising the taxation on the first 8250 of incom after personal lower paid are hit hardest, as they are earnings-related benefi Tall behind tion paid rate of direc allowance this government out by the increases in indirect taxation on tobacco, drink, and petrol.
• The CBlaas welcomed the Budget Cognises there is no other he capitalist class as a many small bustness to the wall.
• Tate of unned of consane po and