Economía marxista para el Siglo XXI

Michael Roberts Blog

The British government’s annual budget for the fiscal year beginning in April 2014 was a budget for potential UKIP voters.  The UK Independence party is riding high in the polls and likely to take huge votes away from the main parties in the upcoming Euro elections in May.   The average age of potential voters in elections in the UK is now 49 years.  UKIP voters are mainly older and many are not working.  They are relatively poor pensioners with just some savings, small business people about to retire and generally don’t have children of school age.

So the main proposals in the budget presented by Conservative chancellor to parliament, Gideon ‘George’ Osborne, are measures aimed at them.  There are special high interest bonds for pensioners, higher tax-free savings schemes and the removal of compulsory annuities in pensions when retiring.

Despite much talk from multi-millionaire Osborne and his fellow Etonian millionaire…

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