Posts Tagged ‘IFS’

Why doesn’t Corbyn just go and join the Tories?

31/05/2017, 02:26:04 PM

by George Kendall

Jeremy Corbyn’s astonishing victory in the Labour leadership contest of 2015 was in reaction to the then Labour leadership’s decision to abstain on some parts of the Tory welfare bill. At the time, Corbyn said: “Families are suffering enough. We shouldn’t play the government’s political games when the welfare of children is at stake”.

On being elected leader, Corbyn was remorseless in continuing his attacks on welfare cuts.

In autumn 2015, Corbyn’s ally, the Shadow Chancellor, committed to reversing the tax credit cuts in full. He tweeted: “We are calling on Osborne to reverse his decision to cut tax credits. If he doesn’t reverse these cuts, we’re making it clear that we will”.

Even as recently as Monday of this week, in his interview with Jeremy Paxman, Corbyn said: “I am fighting this election on something very important, that is the levels of poverty in our society, the levels of children that are not supported properly in our society. I’m fighting this election on social justice”. (7.15 mins in)

These are stirring words. But are they actually true?

Earlier in the interview, after considerable pressure from Paxman, he said that benefits wouldn’t be frozen for three years (3.33 mins in here). According to the respected independent think-tank, the IFS, this would require an additional £3.3bn per year, yet any funding to pay for this is missing from his costed manifesto.

Even more striking is that his explicit commitment in the Paxman interview, to ensure that “children are properly supported in our society” isn’t matched by his manifesto, which fails to reverse child tax credit cuts, a change that would have required £4.8bn per year. In addition, his manifesto only allocates £2 billion of the £3 billion per year that would be needed to reverse cuts to universal credit.

In combination, these cuts will take £9.1 billion per year from the lowest paid in our society.

Instead, he and his team have chosen to allocate most funds to initiatives which will be particularly attractive to middle-class voters.

(more…)

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