Austerity applesauce

Any new Mayor of Bristol will have very hard budget choices forced on them it seems, given that, 'One of the first jobs facing Bristol's incoming elected mayor will be to cut an extra £25 million from the city councils budget. The authority has revealed it faces making deeper cuts than first anticipated as funding from central government is reduced.' (see here). However, that should not stop whoever the Mayor is from giving voice to the growing numbers of people who see the complete folly of cuts and austerity economics.

Govt borrowing is up AND we've had savage cuts. In fact Govt borrowing is up in part BECAUSE we've had savage cuts. Cuts are depressing economic activity. Austerity policies, pronouncements, plans and actions have reduced confidence, reduced spending, reduced investment, increased costs to govt, reduced govt income...and have been a big help (!) in causing and then lengthening the recession we are still in (thanks to Dave, George, Nick, Vince and co). I support the case against austerity and cuts and for a Keynsian stimulus for our economy to get out of recession and going in a sustainable direction.

Bank on bankers?

To 'bank on' something means being able to expect or rely with confidence on it. Given that: bankers have lied to make them look more secure during the financial crisis and to make a profit (here); and have mis-sold specialist insurance to thousands of small businesses (here); on top of PPI insurance mis-selling, taking huge, fat, undeserved salaries and bonuses, and helping to take our economy and others to the brink...we clearly can't be confident that they operate within a decent ethical code. Our banking system's reputation, integrity and trustworthiness sinks even lower. Culture change is certainly needed if we are to build an economy capable of being sustainable (more here).