Greens say No to Public Spending Cuts

With the emergency budget due at the end of this week the Green Party is urging the government to put fairness first when it comes to it’s public spending cuts.

The Greens believe that the public sector can make efficiency savings of around £2bn, in particular by making energy efficiency improvements. But they have echoed concerns being expressed throughout the financial world that cuts on the scale the government is proposing could tip the UK economy back into recession; the so called “double dip recession”.

Keith M Ross of Swansea Green Party said, “The fiscal gap is not caused by too much public spending but by taxation dropping to unacceptably low levels. We believe that to create a fairer society we need to raise taxes to around 45% of GDP, and the better off should pay their fair share.

“Currently taxation is around 36% of GDP. Under Margaret Thatcher it was never lower than 40%.

“We’ve been conditioned to believe that spending cuts are inevitable but the Green Party’s fully costed manifesto for the general election showed there are alternatives.”

The Green Party Manifesto for the General Election proposed a £44bn package of measures that would include workforce training, investment in renewables, public transport, insulation, social housing and waste management. The manifesto outlined how this would create a million new jobs across the UK while at the same time spearheading the move to a low carbon economy.

Keith Ross continued, “It’s interesting to note that the current round of spending cuts has been estimated at £6bn, which is precisely the amount given in bonuses to city bankers last year.

“With the Greek economy in tatters, Spain already in trouble, and Portugal and Hungary following closely behind, now is the wrong time to be making cuts in public spending which will weaken our economy rather than strengthen it.”

“Cuts in health, education and public services will hit the poorest and most vulnerable. We need common sense to prevail when it comes to fairness in our economy.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s