Mexico's Leftist Leaders Begin to Backtrack on Austerity

The president of Mexico’s Senate smiled into the camera and flipped the lid of his red Tupperware. No costly expense account meals for me, proclaimed Martí Batres, a senior ally of President-elect Andrés Manuel López Obrador, as he took to social media to challenge legislators to embrace austerity by bringing their own packed lunches. In […]

Argentina launched a sweeping new austerity program to try to solve its economic crisis — but investors aren’t buying it

Marcos Brindicci/Reuters Argentina reveals new austerity measures aimed at reducing the country’s huge budget deficit. New measures will include an increase in export tariffs for grains such as soybeans, and a halving of the number of government agencies. The new measures were not well received by investors, with the peso falling after their announcement. Argentina […]

MoD begs Treasury for multibillion-pound bailout to halt military austerity

A multibillion-pound bailout is being sought by the UK Ministry of Defence (MoD). It is feared the British military will be devastated by the latest round of austerity measures. A full review of current army, navy and Royal Air Force (RAF) strength must be undertaken so troop numbers are not slashed further and vital equipment […]

How This Leader Is Giving Europe an Alternative to Austerity

António Luís Santos da Costa is a successful loser. He’s a loser because he was defeated in Portugal’s 2015 national election, yet he somehow turned that defeat into a resounding victory for his Socialist Party (Partido Socialista) — while claiming the title of prime minister for himself. And then he set to work on Portugal’s […]

Tory austerity is ‘economic murder’ linked to 120,000 deaths – study

Published time: 16 Nov, 2017 12:55 Tory austerity policies may actually be killing people, according to a landmark study. The government has been accused of “economic murder” after researchers linked hundreds of thousands of deaths to cuts to public services that began seven years ago. According to joint research between Oxford, Cambridge and University College […]

Is austerity leaving Britain wide open to attack? Tories keep dodging the question

Published time: 24 Oct, 2017 18:52 The UK government plans to scrap naval ships and slash 1,000 Royal Marines despite Downing Street’s public denial. Massive cuts to the navy are expected as the Ministry of Defence (MoD) looks to save £30 billion ($ 27 billion). Asked directly on Monday whether 1,000 Royal Marines will be […]

‘Austerity chancellor’ George Osborne accepts 6th job as economics professor

Published time: 29 Jun, 2017 14:18 Having only just got to grips with his new role as editor of the London Evening Standard, ex-Tory Chancellor George Osborne has accepted yet another job, taking up the role of professor at the University of Manchester. The architect of austerity now has six jobs. The former chancellor’s new […]