[Public spending is being slashed to the bone…]
Socialist Press1979 1979-09-19Read it in the scan (PDF), scan page 6 →
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Public spending is being slashed to the bone by the Thatcher government. Even the most basic social services, the health service and education are being effectively dismembered by cutbacks that deprive them of vital resources.
As part of the same wave of cuts, whole sections of nationalised industry-the shipyards and steel in the forefront hand-in hand with a relentless pressure for speed-up on the shop floor and for the introduction of still more new laboursaving technology.
While a few capitalists and shareholders can look upon this spectacle in comfortable optimism, for the working class the future under the Tories offers little but increased exploitation and rising poverty. Indeed, increasing numbers of bourgeois economist commentators have been forced to admit that the taneous recovery any stage"
(Observer, August 26).
The Tories certainly do not presume that 'good times' are on the way again.
Treasury Secretary John Biffen, one of Thatcher's central team of axemen, only recently declared that British capitalism faces "a daunting economic prospect" in which "painful and unpopular" cuts in public spending would be made for the foreseeable future.
Social services will also suffer severely under the Tories' axe-blows.
The arrival of thousands