On 3 June Labour shadow chancellor Ed Balls made a speech to his shadow cabinet in which he laid out his intention to fully accept the draconian austerity inaugurated by the Con-Dems.
It is clear that Labour has now given up any pretence of being an opposition, buying wholesale into the logic of a neoliberal austerity which forces ordinary people to pay for the gigantic mistakes of the reckless super-rich. Continue reading