Cuts in the City
Monday 11 May 2009
Working in London today. In the City. Allister Heath - who I don't know from Adam - is the editor of City AM, a widely read morning free-sheet. In a strident editorial, he wrote about what he regards as the coming political "revolution".
On Labour's prospects "... there is now almost no chance ... of anything other than a Tory Government in a year's time". And on what that will mean "Until a few week's ago, it seemed as if the Tories would turn out to be a soft touch on tax and spend. No longer...... All large projects will be scrutinised, almost all public spending commitments renegotiated........ Its time to prepare for the new order."
There are many good people and businesses in the City - I work for some of them - who are still investing in companies that are creating wealth and jobs. But the devastating spending and service cuts that Heath predicts is what many of those who should be taking responsibility for the economic mess we are in are now looking forward to. Cuts for the rest of us whilst they enjoy the benefits of the "new order".
Even in this most difficult of times, this is why we need to fight and fight for every Labour vote to protect jobs and services for all of the people in this country.
1 comments:
Since he aspires to speak for the square mile Allister Heath really needs to learn a touch of humility now that we've bailed out him and his lot.
He's railed against goverment regulation and oversight for years and then in a stunning turn of chutzpah now claims it's that same reduced regulation that caused this econopocalypse (and thus the goverments fault, not his).
To me it just shows how lucky these bankers are, any other age of history and we would have hanged the lot of them. Actually, now that I think about it, is that option still off the table?
Post a Comment