AAA vs the BedroomTax
Sunday, 24 February 2013
As night follows day, it was no surprise when Danny
Alexander MP was all over the media yesterday responding to the loss of the UK’s
AAA credit rating. George Osborne doesn’t
do bad news; that’s Danny’s job.
The message seemed to be that (a) despite Osborne’s totemic addiction
to the ratings this didn’t really matter and (b) we just need to keep cutting.
What sort of world are these Coalition leading lights living
in?
Borrowing is going up, growth is stagnant. So why do Alexander and Osborne think the medicine
is working? Maybe it makes sense in the
circles Osborne, Clegg and Cameron move in.
Back in the real world, the Inverness Courier highlights who
is really paying the price of the Coalition's mission to save our AAA rating in its shocking report on the levels of child
poverty in the City. Working families on low incomes.
Part-time jobs with “flexible” hours and minimum wage rates
are already the reality for many. Over
the next few months the reality of benefit cuts will start to hit home with
caps and restrictions on working tax credits and housing benefits. Monthly rather than weekly payments will
drive poor families into the hands of the pay day loan sharks. And the Bedroom Tax will reduce household incomes
still further; for most families moving to a house with the “right” number of
bedrooms will not be an option as they are not being built!
That’s what Danny Alexander should be on the TV and Radio explaining.
Or better still letting his two bosses take the flack
themselves.