Wednesday, March 26, 2025

Growth? Erm...

 

“Now, however, Reeves’s advisers openly admit that the high growth implied by Labour’s manifesto is a pipe dream.” (The Times, 21 March)

Implied? No, promised, in fact proclaimed from the rooftops. If elected Labour would “grow” the economy.

Their excuse for failing (within a year!)?

“‘The world is changing,’ one says. ‘Global uncertainty means growth across the world – in the eurozone, the US and the UK – has been hit’.”

The SPGB has said repeatedly (and experience shows) that capitalism runs to its own uncontrollable economic cycle, so election promises are likely to evaporate in double-quick time.

https://www.worldsocialism.org/spgb/

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