Skip to main contentSkip to navigationSkip to navigation
George Osborne on the Andrew Marr show
Continuing austerity measures in 2015-16 will be disastrous, the chancellor, George Osborne, is told. Photograph: Jeff Overs/Getty Images
Continuing austerity measures in 2015-16 will be disastrous, the chancellor, George Osborne, is told. Photograph: Jeff Overs/Getty Images

Alternatives to prolonging George Osborne's austerity

This article is more than 10 years old

This week George Osborne will set out the government's spending plans for 2015-16 with the intention of continuing austerity measures beyond the next general election (Report, 22 June). This will be politically and economically disastrous.

Instead, the government should set out an alternative based around four key pillars. First, there needs to be a significant investment in green and social infrastructure spending. A £55bn stimulus could generate up to 1m jobs, £187bn of additional GDP and almost £75bn in terms of additional taxation.

Second, tough new fiscal rules need to be set, with independent democratic oversight of government spending in order to earn the trust to borrow and spend people's money wisely.

Third, once recovery is assured, there should be an elimination of the structural deficit through a series of progressive tax rises and by making cuts in wasteful public spending.

And last, there needs to be a restructuring of the state and public services in order to ensure sustained efficiency, responsiveness and innovation. This requires a shift to the "coproduction" and localisation of public services that utilises the expertise, commitment and energy of the people who provide services and of the users of the services.

Britain cannot endure more unnecessary years of austerity and those who are least to blame for the crisis must not pay the price for it.

Peter Hain MP

Neal Lawson, Compass

Joe Cox, Compass

Howard Reed, Landman Economics

Tony Atkinson, University of Oxford

Prof Peter Taylor Gooby, University of Kent

Anna Coote, New Economics Foundation

Roberto Veneziani, Queen Mary, University of London

Dr MG Hayes, University of Cambridge

Dr Bruce Philp, Coordinator, Association for Heterodox Economics

Prof Simon Lilley, University of Leicester

Pat Devine, University of Manchester

Ruth Lister, House of Lords

Prof Jan Toporowski, SOAS

Prof Prem Sikka, University of Essex

Prof Gregor Gall, University of Bradford

Prof Michael Lipton, University of Sussex

Stewart Lansley, University of Bristol

Prof Matthew Watson, University of Warwick

Alan Hallsworth (Professor emeritus), University of Portsmouth

Prof Christine Cooper, University of Strathclyde

Prof David Bailey, Coventry Business School

Most viewed

Most viewed