UK Labour Party Commits to Long-Term Austerity
Submitted on January 13, 2012
By Julie Hyland - WSWS
The packaging of austerity measures as a deficit-reduction strategy was always a fiction. Like governments across Europe, the [Conservative-Liberal Democrat] coalition is using the economic crisis caused by the speculative and criminal actions of the super-rich to fundamentally restructure class relations in line with the demands of the finance markets, banks and major corporations...Labour was always at one with this policy...[T]he de facto alliance between Labour, the Conservatives and Liberal Democrats against the working class has been made explicit.
