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It is true that tarrifs *can* work. Helping to build up local industries, then integrating with the world economy allows the fullest participation in it. But tariffs for an economy already integrated (US) cuts them off from world trade. Just ask Nvidia. thetimes.com/business-money…

Only a radical change in policy can halt the crisis of the British economy "A decisive part of opposing austerity in the current context is to oppose any increase in military spending." morningstaronline.co.uk/article/only-r…

The US-UK trade deal does not seem to offer much protection against new Trump tariffs. But it did give away £1bn in NHS money to US Big Pharma. Trump is bad for your wealth and your health. Britain seeks urgent clarification after Trump's new tariffs thetimes.com/us/american-po…

In standard economics, two sectors of the economy are analysied as if they are one, defence and public administration (jobs carried out by the civil service). One of the effects is to diguise how useless military spending is, with no economic returns. cedefop.europa.eu/en/skills-fore…

The question of 'military Keynesianism', the claim that military spending will boost the economy has already been analysed in the piece below. It is a fiction. socialisteconomicbulletin.net/2025/02/

Starmer said in his defence review speech ('an island of missiles') that public investment of £15bn would create 9,000 jobs in building warheads. Britain has 2.6 million manufacturing. So this spending makes no difference to the total, with only useless missiles to show for it.

The US plans for a $1 trillion war budget. So, Britain adding £15 billion to its own spending will not shift the military balance of forces. But the war fever being drummed up will help create a mood where war, curbs on rights and more attacks on living standards become the norm.

This Saturday, join thousands of others marching in London to say no to austerity and welfare cuts. The People's Assembly march and rally starts in Portland Place at noon. thepeoplesassembly.org.uk

We should be planning for peace, not war. Labour's plan to significantly increase defence spending off the back of cuts to vital welfare for some of the most vulnerable people in our society is disgraceful, immoral and irresponsible. #WelfareNotWarfare #StopTheWar #UKPolitics

The plan for growth is.....cuts????? The Labour Growth Group backs Rachel Reeves over planned spending cuts thetimes.com/uk/politics/ar…

"There'll be a huge demo in London on Saturday. I'd urge people to go, and its under the banner 'We need welfare not warfare'.. we need war in this country on poverty.. not giving billions to arms manufacturers who are going to make massive profits" Mark Serwotka on #bbcqt

✊📢 12 noon, BBC, Portland Place, London. #WelfareNotWarfare #UnitedAgainstAusterity #TaxTheRich

HUGE PEOPLE’S ASSEMBLY DEMO TODAY Cutting disability benefits isn’t just cruel — it’s costly. It will destroy lives and cost more in the long run. Even a small tax on the wealthy would raise more. Uplift works. Punching down doesn’t. 🙏Tweet/attend if the 🥄 #WelfareNotWarfare

Manchester coach on the way to today’s National Demo Against Austerity 2.0 in London✊🏼✊🏽. #UnitedAgainstAusterity We are building our collective power to #TaxTheRich, #StopTheCuts and deliver an economy that invests in #welfarenotwarfare

#TakingThePIP

Using this chart, there has been no austerity since 2016/17, only largesse. It ignores: effect of embedding previous austerity on public services (incl pay), growth of population and its needs, useless spending, eg military and subsidies to business.