Osborne will bring down this government. Here are 5 reasons why

George Osborne is the weak link in the Conservative party hierarchy. He’s unpopular with the public – which was highlighted when he was booed at the Paralympics and Star Wars premiere – and he appears increasingly unpopular with his own Conservative MPs. Here are five reasons he could be the person that brings the Tories down:

 1.George Osborne forced to ‘climb down’ on Short money proposals

Osborne announced in his spending review that he would start cutting the finance that opposition parties receive by 19%. This was seen by George Eaton of the New Statesman as a way to “weaken the opposition and reduce accountability”. In December, Eaton declared that many Conservative MPs were against Osborne’s undemocratic proposals. David Davis described the cuts to Short money as: “the wrong thing to do”.

Now, Osborne has been forced to backtrack due to the likely Tory rebellion. As the Political Editor of the Sun, normally supportive of the Conservative party pointed out, Osborne is “not having a great winter”. If he continues to upset his own MPs, he could be in trouble.

2. He has created more debt than every Labour government in history

It isn’t just his unpopularity internally which may prove challenging for him. He is also failing in his duty as Chancellor, he claims that he is paying down the debt. But he isn’t.

The evidence here comes from Another Angry Voice, the blog cites statistics showing that the Labour governments that coincided with huge financial crises, Ramsay MacDonald in 1929-1931 and the Blair-Brown government of 1997-2010, saw an increase in debt of around 11-12%. While every other Labour government has reduced the debt.

However, under Osborne, the national debt grew by 26.9% of GDP between 2010 and 2015. This equates to £24,000 per every single individual in the UK. Despite the rhetoric that the economy is safe in his hands, it really isn’t. His deficit reduction plan is “far, far slower” than Labour’s would have been, admitted Fraser Nelson of the Spectator, through gritted teeth.

3. Punishing the poor and giving to the rich

Despite his austerity measures failing to reduce the debt, he continues to persevere. His austerity measures have impacted upon people in a number of ways. Here are a couple of examples:

  • Children are now going hungry and freezing at school due to the impacts of the ‘bedroom tax’.
  • Disabled people have faced the brunt of many of his measures including the work capability assessment (WCA) which decides whether a disabled person (or someone who has a long-term illness) who is a recipient of benefits, should remain on welfare or have their support cut and be forced into work. A report has shown that the WCA was the likely cause of 590 suicides and 279,000 cases of mental illness.

But this hasn’t stopped Osborne cutting corporation tax and slashing tax for the richest.

Nor has it stopped Osborne doing deals with corporations like Google, so they only have to pay the equivalent of less than 3% corporation tax while small businesses have to pay a much higher rate of 20%.

It’s clear to see whose interests he has at heart and some of those who voted Conservative at the last election must now be kicking themselves.

4. Sold off more assets than any other Chancellor

Osborne has privatised £37.7bn of public assets since becoming Chancellor in 2010 and is scheduled to sell another £20bn by the end of the current financial year.

This means he will exceed the combined privatization of Margaret Thatcher’s most prominent Chancellors, Geoffrey Howe (1979-1983) and Nigel Lawson (1983-9) which was the equivalent of £55.8bn in today’s money. This was done over a decade. But Osborne will have gone even further by selling £57.7bn in just six years, and he has the rest of this five-year parliament to continue his plans.

However, Osborne’s fire sale of public assets has been terrible for the UK’s economy. Northern Rock, Royal Mail (which was making UK taxpayers a profit), and RBS have all been sold at a loss enabling large corporations and hedge funds to snap them up for next to nothing.

5. And he wants to do this with OUR NHS

The Conservative party has made sure that the NHS will be sold-off. Clearly, David Cameron and Jeremy Hunt are also responsible for these actions. But it looks as though Osborne will ensure that the greatest public asset the UK has, the NHS, will be sold off as quickly as possible.

Recent figures showed more than a third of contracts put out to tender have gone to private healthcare firms, despite the failures of privatisation within a number of NHS services.

This means that the NHS could soon be replaced by a US-style system, where you receive health care only if you can afford the extortionate fees. Many firms from the US are seeking to buy these NHS services in order to profit from the Conservative party’s desire to see the NHS destroyed.

Osborne’s ideological desire to ensure everything that taxpayers own will be gifted to private firms sums up his Chancellorship. He is now upsetting his own MPs; he is failing to meet his own targets, creating a mountain of debt in the process. He is selling off all the ‘family silver’ at a huge loss, including our NHS.

He and his party may come to regret all of this.

Get involved!

Write to your MP to express your concerns

Support the Canary so we can continue to hold the powerful to account.

Assist 38degrees in its campaign to save our NHS.

Featured image via Flickr.

We need your help to keep speaking the truth

Every story that you have come to us with; each injustice you have asked us to investigate; every campaign we have fought; each of your unheard voices we amplified; we do this for you. We are making a difference on your behalf.

Our fight is your fight. You’ve supported our collective struggle every time you gave us a like; and every time you shared our work across social media. Now we need you to support us with a monthly donation.

We have published nearly 2,000 articles and over 50 films in 2021. And we want to do this and more in 2022 but we don’t have enough money to go on at this pace. So, if you value our work and want us to continue then please join us and be part of The Canary family.

In return, you get:

* Advert free reading experience
* Quarterly group video call with the Editor-in-Chief
* Behind the scenes monthly e-newsletter
* 20% discount in our shop

Almost all of our spending goes to the people who make The Canary’s content. So your contribution directly supports our writers and enables us to continue to do what we do: speaking truth, powered by you. We have weathered many attempts to shut us down and silence our vital opposition to an increasingly fascist government and right-wing mainstream media.

With your help we can continue:

* Holding political and state power to account
* Advocating for the people the system marginalises
* Being a media outlet that upholds the highest standards
* Campaigning on the issues others won’t
* Putting your lives central to everything we do

We are a drop of truth in an ocean of deceit. But we can’t do this without your support. So please, can you help us continue the fight?

The Canary Support us

Comments are closed