“Robin Hood, reversed.”

British austerity

#Money

Wed, May 30th, 2018 11:00 by capnasty NEWS

The New York Times looks at the effects austerity has had on the United Kingdom. The cuts are not as draconian as those faced by Greece, but they are a slow, cumulative bleed impacting its citizens as everyone tries to do more with less. And with Brexit around the corner, things may be getting far worse for the UK and Europe.

In the blue-collar reaches of northern England, in places like Liverpool, modern history tends to be told in the cadence of lamentation, as the story of one indignity after another. In these communities, Mrs. Thatcher’s name is an epithet, and austerity is the latest villain: London bankers concocted a financial crisis, multiplying their wealth through reckless gambling; then London politicians used budget deficits as an excuse to cut spending on the poor while handing tax cuts to corporations. Robin Hood, reversed.

“It’s clearly an attack on our class,” says Dave Kelly, a retired bricklayer in the town of Kirkby, on the outskirts of Liverpool, where many factories sit empty, broken monuments to another age. “It’s an attack on who we are. The whole fabric of society is breaking down.”

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