Austerity isn't working. Economic growth is slow, the cuts are hurting the recovery and prices are rising faster than wages. The rise of Pay Day loans shops on our high streets is the most visible sign that wages for many don't last to the end of the month. Unite's Len McCluskey has called the phenomenon 'Wonga Week'.
There is an alternative to the bleak future promised by the coalition government. Investment in green industries; building new council houses for those who need them; creating jobs in the public sector, not destroying them. All of these and more are ideas for growth that could stimulate the economy and provide hope for a generation of people suffering because of a crisis started by the banking sector.
Lydia Prieg: New Economics Foundation
Lydia, a former Goldman Sachs banker, now researches and writes on alternative banking systems for NEF. She is the co-chair of Lambeth Citizens, part of Citizens UK. They campaign against Pay Day lenders for a living wage.
Steve Hart: Centre for Labour and Social Studies (CLASS)
Steve is Director of Unite the Union's new think tank CLASS and author of their most recent pamphlet 'Austerity Illusions and Debt Illusions'.
John Rees: People's Assembly
The People’s Assembly is an anti-austerity movement set up to oppose the government's attacks on the poorest in our society. We campaign against cuts to benefits, against the bedroom tax, against ATOS and for investment in jobs and growth.
Nottingham NG1 4BU
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