Tory austerity plan is hurting but not working – my Sunday Mirror article

850 people joining the dole queue each day. 16,000 businesses gone bust. One in five young people out of work and more women unemployed than since 1988.

That’s been the reality of Tory Britain – even before the crisis in the eurozone.

The Tory-led Government gambled on putting up taxes and cutting spending further and faster. They told us it would work and the pain would be worth it.

But what’s happened? Our economy stopped growing last autumn. Unemployment is now rising again. And we’re getting into a vicious circle because thousands more people out of work – on benefits rather than paying taxes – means the Government actually ends up borrowing more money. £46billion more borrowing than planned on the latest figures.

David Cameron and Chancellor George Osborne are now looking like the Laurel and Hardy of British politics. They’ve gotten us into a fine mess. But this time it’s not funny because they’ve no idea how to get us out of it.

All we got from them this week was a shrug of the shoulders. There’s nothing we can do but stick with our plan, they said at the Tory Conference. Even as the evidence grows by the day that their austerity plan is hurting but not working, they refuse to admit it.

Either they’re so out of touch that they don’t understand how tough life is for millions of people across the country – worried about their jobs and struggling to make ends meet – or they are too scared to admit their economic plan is not working.

Whichever it is, with each day that ministers sit on their hands and refuse to face the truth ordinary people are paying the price with their jobs.

We can’t go on like this. Families, pensioners and businesses are crying out for a better way.

That’s why Ed Miliband and I have set out a clear five point plan to create jobs, help struggling families and support small firms.

Labour’s plan includes tax breaks for small businesses taking on extra workers, a temporary VAT cut which would give families a boost of around £450 and tax on bank bonuses to fund 100,000 jobs for young people.

We can only get the deficit down if we get Britain working again. The sooner David Cameron and George Osborne realise that the better.

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Posted October 9th, 2011 by Ed