Austin Mitchell: Dave loves TINA, but there IS an alternative
DAVE Cameron has given TINA (There Is No Alternative) the kiss of life by proclaiming that there is no alternative to economic policies that aren’t working.
If this is confirmed by the Budget he’s sealed the fate of his government and sentenced Britain to two more years of misery and decline.
In fact, there are many alternatives to cuts, to high unemployment and to falling living standards.
This government won’t try them because a Cabinet of millionaires doesn’t feel the misery they’re inflicting on ordinary people with policies which will never work.
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Firing public servants means rising unemployment so tax revenues fall and spending increases. The deficit then rises and the debt with it. People have less to spend. Their incomes are falling. They’re struggling to pay off debt. So demand falls, shops close and people don’t buy houses because they’re not sure what the future holds. Businesses don’t invest because there’s no prospect of profit. The banks stash everything into their reserves and reduce lending. Everything winds down. It is now.
Read more from Austin Mitchell in today's Grimsby Telegraph.