Austerity is an ideological smokescreen for class warfare – UK economists

https://www.rt.com/uk/335040-austerity-class-warfare-osborne/

Chancellor George Osborne’s post-2015 spending cuts are an ethically bankrupt assault on the public interest that serves the agenda of the one percent, leading UK economists have said.

Criticism of Osborne’s austerity plans surfaced on Wednesday in response to analysis conducted by academics from Sheffield Hallam University’s Centre for Regional Economic and Social Research.

The study revealed large families will be the worst affected by the chancellor's plans to slash £13 billion (US$18.5 billion) off the government’s welfare bill, with Asian communities expected to be at the forefront of the firing line.

The report expands on an Austerity Audit conducted for the Financial Times in 2013, and is the first academic study to scrutinize the impact of Osborne's latest round of cuts.
‘Austerity isn’t working’