Austerity is a political choice not an economic necessity

The Tory government is sticking to plans for more austerity, no matter what the economic or human consequences, writes Ken Livingstone.

Since my last Morning Star column, a leading think tank has forecast a £25 billion hole in the public finances by the end of the current parliament.

The Institute for Fiscal Studies (IFS) report says that lower growth forecasts and higher inflation will leave government tax receipts £31bn worse off in 2019-2020 — turning a forecast surplus of £14.9bn into a deficit of £10.4bn.…
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