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Greece votes for more austerity to stay in euro July 15, 2015 The Greek parliament early this morning voted in favour of the deal that Prime Minister Alexis Tsipras accepted, after gruelling talks in Brussels earlier this week, in order to start progress on a third bailout. The final tally of 229 to 64 in favour of the deal was decisive, yet many of the “No” [...]
Welfare slashed despite surprise ease in austerity July 8, 2015 WELFARE spending faces the brunt of spending cuts over the next five years after it was announced the “roller coaster” ride that was anticipated for government departments will no longer happen. However, the government surprised many economists by opting to slow pace of austerity overall, despite shaking off the Lib Dems, its old coalition partner. [...]
Greek referendum: Finance minister Yanis Varoufakis hails “no” vote against austerity July 5, 2015 Greek finance minister Yanis Varoufakis has hailed a seeming "no" vote against more austerity measures implying it ramps up pressure on the country's creditors to negotiate. "As of tomorrow, with this brave "no" the Greek people handed us … we will extend a helping hand towards our lenders. We will call on each one of them [...]
Brexit: Union RMT to campaign for a Brexit from “pro-austerity, anti-worker EU” June 25, 2015 The transport union RMT will campaign for a Brexit from “pro-austerity, anti-worker” European Union (EU) after a vote at its AGM. Read more: Treaty change may not come before EU membership referendum David Cameron admits The group has long been opposed to the UK’s membership of the EU, and says the vote merely reaffirms its [...]
David Cameron pledges tax credit reform as part of government’s drive to cut £12bn from welfare budget June 22, 2015 Tax credits are under fire as part of the government’s pledge to eliminate £12bn from the welfare budget, with David Cameron insisting Britain must not continue with the current “merry-go-round” system. The speech, in Cheshire, will attack the system introduced by Tony Blair’s Labour government, whereby low paid workers will have money taken in tax [...]
End Austerity Now: Thousands gather in London to protest against austerity measures June 20, 2015 Thousands of people have descended on London to take part in a demonstration against government austerity measures. Crowds holding banners with slogans such as "get the Tories out", "austerity kills" and "defy Tory rule" took to the streets for the End Austerity Now demonstration. Among the protesters were Hollywood star Michael Sheen, Labour leader candidate Jeremy [...]
End Austerity Now: Here is who’ll be at the protest June 19, 2015 Protesters are coming from far and wide in a show of strength against the government's austerity measures on Saturday (June 20), in what is expected to be one of the largest rallies in recent history. Coaches have been put on to bring people from around the country, and organisers saying there could be hundreds of [...]
End Austerity Now: Far left group Class War organises separate Bank of England demo amid claims that police are banning people from the march June 18, 2015 Far left group Class War is organising a counter-protest against austerity this Saturday (June 20), claiming the main demonstration will fail to bring about any change. The group has called for supporters to meet outside Bank of England at midday – an hour ahead of the time scheduled for the march being organised by [...]
Forget Greece: The world’s real challenge is the decline in potential growth June 17, 2015 Potential output may not be sexy, but it is critical to an economy’s future performance. A supply-side concept, it is defined as the level of output consistent with stable inflation. Unfortunately, it all too often gets lost in the heated debate over the demand side of the economy. But potential output is central to a [...]
End Austerity Now march will completely disrupt parts of the City around Bank and Mansion House, say City of London Police June 17, 2015 A major protest against austerity measures will take over central London this Saturday – and people are being warned to avoid certain parts of the capital as a result. The End Austerity Now march, which is being organised by the People's Assembly Against Austerity and supported by several unions and pressure groups, is expected [...]