As our exit from Europe continues to dominate daily politics, other, vitally important areas are being neglected. So what should our politicians’ priorities be once we are beyond Brexit? We asked our contributors to draw up a pledge card for a post-Brexit manifesto.
1. End austerity
Austerity has failed. It must be killed off for good. We have seen over the past decade, just as we saw in the 1930s, that cutting and slashing is the worst possible response to an economic crisis. By sucking activity out of the economy, austerity reduces tax revenues, hits public services and incomes, and prolongs recovery, thereby causing unnecessary pain and suffering to working people.
We need to resist the idea that a government should manage the nation’s finances in the same way that a household manages its budget. On the contrary, when everyone else is retrenching, it is the government’s job to lean against market logic and maintain spending and investment so as to keep the economy buoyant and tax revenues healthy.
Full employment, not inflationary targets, should be the prime goal of economic policy, and we should reinvigorate our much-neglected manufacturing sector by ending the overvaluation of our currency and making our exports more competitive in the international marketplace.
2. Renationalise our railways
We should take our railway system back into public ownership. Privatisation has led to an unreliable, overcrowded, fragmented, overpriced and investment-starved service. It has failed both the passenger and taxpayer.
Since our railways were sold off, government direct subsidy and fares have increased in real terms by 200% and 20% respectively. It is a scandal.
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