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#budget

16 posts13 participants2 posts today

#LeftFootForward | Why austerity is a political choice not an economic necessity

"Progressive taxation, equitable distribution of income and wealth did not get any mention in the Chancellor’s statement. No steps have been taken to reduce billions of subsidies handed to banks, oil, gas, auto, steel, internet and other companies. A relentless squeeze of the less well-off won’t help with rejuvenation of the economy. "

leftfootforward.org/2025/03/wh

Left Foot Forward: Leading the UK's progressive debate · Why austerity is a political choice not an economic necessityPrem Sikka is an Emeritus Professor of Accounting at the University of Essex and the University of Sheffield, a Labour member of the House of Lords, and Contributing Editor at Left Foot Forward. Chancellor Rachel Reeves’

Will the election-year budget lead Labor to victory? - have a look at my Australian budget overview in Polish for SBS Radio Polska! 🇦🇺🇵🇱

We look at:
🌏 the global and domestic circumstances
🍏 Labor's gambit away from a coalition government with the Greens
😆 LOLing at liberals by announcing a tax cut first
💰 cost-of-living mitigating measures
✅ continuation of the Future Made in Australia
🤷‍♀️ how unlikely it will satisfy anybody fully

sbs.com.au/language/polish/pl/

Dr Tomasz Woźniak, ekonomista z Uniwersytetu w Melbourne, komentuje przedwyborcze założenia budżetowe rządzącej Partii Pracy w Australii.
SBS LanguageCzy budżet przedwyborczy poprowadzi Partię Pracy do zwycięstwa?Dr Tomasz Woźniak, ekonomista z Uniwersytetu w Melbourne, komentuje przedwyborcze założenia budżetowe rządzącej Partii Pracy w Australii.

House CMTEs will be asked to cut at least $2T in spending from safety-net prgms. Senate CMTEs might be directed to find a few billion$ in saving -possible to write a final pkg can bridge the diff.

Many conservatives: once a #budget with bare-bones Senate instructions is approved, ldrs will ultimately settle on a less ambitious pkg of cuts -relying on Trump -to muscle it through. HSE House would simply waive its more ambitious budget targets in the rule.
#Austerity #USPol politico.com/news/2025/03/30/g

"Chancellor Rachel Reeves’ speech, delivered on Wednesday 26th March, laid out a series of welfare cuts and a hefty boost to defence spending, but little in the way of support for local authorities."

"London boroughs receive around 28% less funding per person compared to 2010."

#UKPol #Budget #London #Councils

southwarknews.co.uk/area/londo

Southwark News · London councils on the ‘brink of bankruptcy’ disappointed funding reform was not in Rachel Reeves’ Spring statementBy Sebastian Mann - Local Democracy Reporter

Tax cuts for people earning less then 40k or whatever the second bracket is vs people who own 2-4 cars and probably not in that tax bracket. My gut feeling is this is just a #fossilfuel handout. #lnp #budget #theguardian #emilywind
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Angus Taylor says Coalition would repeal Labor tax cuts in favour of ‘temporary, targeted’ cut to petrol prices theguardian.com/australia-news

the Guardian · Australia politics live: Peter Dutton promises ‘significant funding commitment’ to defence during election campaignFollow live