Jeremy Hunt has issued his autumn statement, a plan to fix the Trussonomic crisis that I'm pretty sure no Tory has ever come up with before: he is going to usher in austerity. Yes, he is going to give you Scandinavian-level taxes while shrinking us down to a US-style state - a worst of both worlds where the penniless pay for the crimes of tax avoiders. Isn't that clever?

Jeremy Hunt has issued his autumn statement, a plan to fix the Trussonomic crisis that I'm pretty sure no Tory has ever come up with before: he is going to usher in austerity. Yes, he is going to give you Scandinavian-level taxes while shrinking us down to a US-style state - a worst of both worlds where the penniless pay for the crimes of tax avoiders. Isn't that clever?

Now I'm no economist, but did we not try austerity for like a decade, defunding our essential services to the point of NHS perma-crisis, giving rise to foodbanks on every other housing estate, leaving homes so unfit for human habitation that toddlers can die from mould spores, and causing 334,000 excess deaths which the UN rapporteur called economic murder so the rich could more than double their wealth?

No? Okay, well if we're pretending none of this brutality happened, I'm absolutely certain that austerity will do miraculous things to heal the UK economy. Luckily for us, we are approaching those fabled sunlit uplands and let me tell you the outlook for 2023 is rather glorious.

First of all, the OBR says the UK has now entered recession and our economy will likely shrink by 1.4% next year. Sounds brilliant, right? Well, it gets even better because they predict the autumn statement will cause the biggest drop in household income since official records began in 1956-57. Wow, is this what they call "levelling up"?

Now I don't mean to sound like an EU fanboy, but I'm old enough to remember when Brexit was supposed to fix the damage caused by David Cameron and now the autumn statement is supposed to fix the damage caused by Liz Truss. 

Let's be serious for a moment, waiting for these idiots to fix the economy is like waiting for a monkey to type out the full works of Shakespeare by bashing a keyboard with a huge rock. And if you're still in any doubt, just consider they are imposing a bigger windfall tax on wind farms than they are imposing on oil companies. 

But they're not just hammering renewable energy sources here, they're letting energy bills rise to £3,000 next April and giving your family the highest tax burden since World War II.

The Tory government is going to freeze income tax thresholds for the next two years, meaning that when your income goes up, you will be paying more in tax. This is yet another approach that disproportionately affects the poor and will have almost zero impact on the wealthiest members of society. But if you think that sounds unfair, you'll be delighted to hear the surcharge on banking profits will be cut from 8% to 3%. Just what we need during these difficult times - more money in the pockets of the wankers, sorry, bankers, who keep messing things up for the rest of us. 

While we are told there is no money, CEO pay is up by 23%, bankers' bonuses are up by 28% and corporate profits are up by 34%, perfectly demonstrating why inflation is unnecessary. This kind of nonsense is why we call it a rigged economy.

Now the government did put one or two things in this mini-budget which seemed okay on the surface, but even the few good things did not go far enough.

For example, the threshold for the upper rate of income tax will come down from £150,000 to £124,140. This is hardly unwelcome, but hitting moderately high earners is not exactly going to solve our financial problems. We need another tax band to hammer the super-wealthy who demand economic policies that impoverish workers and threaten tax flight if we don't comply.

We are told the minimum wage will rise from £9.50 to £10.42 next April which would offset the 9.1% inflation for 2022, but not the additional 7.4% for 2023. Inflation means more than half a million people are expected to lose their jobs and the rest will take a pay cut they almost certainly can't afford, especially when the £3,000 energy bills arrive.

At least we have confirmation Universal Credit and the state pension are going to rise in line with inflation though. This is obviously a relief, but we have the poorest welfare state in the OECD, yet Hunt had the audacity to say he's proud we have one of the most generous safety nets in the world.

As everyone with a brain and a heart keeps pointing out, the Tories could always try taxing unearned wealth at the same rate as earned wealth. Actually, no, scratch that, they could tax it higher, much higher, because the money in our society is not unearned at all. Most wealth is created by someone who happens to be poor and somehow ends up in the pocket of a wealthier person who did not do the hard work.

Richard Burgon has broken down how we could generate enough money to fill the so-called economic black hole (which might not actually exist). First of all he said this:

And Richard said a lot more on the BBC recently. Watch this:

As you can see, Hunt's autumn statement is entirely unnecessary - he's refusing to tackle the real problems and inventing problems to tackle instead.

600,000 poor people will be given job coaches to bully them into unsuitable work - and remember that 40% of Universal Credit claimants are employed. My wife and I work from home and claim Universal Credit because no job around here pays enough to feed our family without government support. We aren't the "benefit scroungers", the employers are.

I've got a horrible feeling the Tories are going to bully workers into seeking jobs that pay better (which don't exist) or pressure us to work longer hours or attend job courses or whatever. All the talk of job coaches just piles more strain onto working-class families who did nothing to create this economic situation. Why do they want to bully the working-class and not the people who recklessly caused this mess? Silly me, I forgot, they were the people who caused this mess. Isn't it about time we stopped voting for these bastards?

It was Albert Einstein who said: "Insanity is doing the same thing over and over and expecting different results." Obviously, no one who is pursuing austerity 2.0 is expecting different results this time around. There is only one reason why you would do austerity again and that's to shift even more wealth from the poor to the rich who've seen their wealth increase by £55 billion in one year. If you've wondered why so many people are striking, it's because this is the only way for the working class to fight back.

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