I’ve long argued that it’s a mistake for the left, and the government in particular, to sign up to the “cuts agenda” pushed by the Tories, the right-wing press and the free-market think tanks since the financial crash in late 2008. Instead, Brown, Darling et al should have questioned the underlying (and economically illiterate) premise of the Tory argument: how does cutting spending in the middle of a recession help economic growth or prevent widespread unemployment?
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