Osborne’s Economic Policy Is Insane

20 Mar 2013

Osborne sticking to plan A after 3 years fits Einstein’s definition of insanity which is doing the same thing over and over again and expecting different results says GMB who commented on the ConDem coalition government budget delivered today (20th March 2013).


Paul Kenny, GMB General Secretary, said “The Tory/Liberal government has not pulled off “mission impossible” which is to deflate the economy to growth and a balanced budget. Osborne sticking to plan A after 3 years fits Einstein’s definition of insanity which is doing the same thing over and over again and expecting different results. The US, which did not embrace such folly, has recovered. The recovery underway in the UK was derailed by this reckless stupidity. At the local elections in May the electorate must punish the two coalition parties for this lunacy.”


Brian Strutton, GMB National Secretary for Public Services, added “There is no justification and nothing fair about further public sector pay restraint. It is bad enough capping the annual pay rise but now attacking pay progression is outrageous. In the private sector people tend to have a rate for the job but in the public sector people start lower and reach the full rate after, typically, five years’ service. The other effect is that those who would suffer most from a freeze in increments will be low paid women who tend to have shorter service and not to have reached the full rate for the job. Freezing progression seems on the face of it to discriminate against women.”


Gary Smith GMB National Secretary for Energy and Utilities added “The Government plan for two major carbon capture and storage projects is a rehash as they scrapped the last one. Also Osborne originally announced months ago a new tax regime to promote investment in shale gas.”

</