Sunday, 30 October 2011

Plan B endorses the Green Party's measures to revive our economy

On the 6th of October 2011, Green Party leader, Caroline Lucas called for a programme of green quantitative easing (QE) to revive our economy at a time when the Bank of England was announcing a plan to waste £75 billion on a QE programme of handing over money to banks. I blogged about this on the 10th October, and talked about how the Green Party had proposed green QE measures as part of a Green New Deal approach in our 2010 manifesto. The measures include a massive programme to create one million green jobs and a citizens pension to help lift pensioners out of poverty.

The Bank of England's QE plan is not the answer

In today's Observer there is a call by 'leading' economists for the government to adopt a Plan B approach which would include many of the measures we have been talking about for the past few years. Bizarrely enough, in the article, Tory MP Jesse Norman is given the credit for getting the Plan B ball rolling by stimulating Neal Lawson of Compass to act. According to the Observer:
For all the constant griping about the government's policies, and a despondency over the perceived flaws of Osborne's austerity prescription, Neal Lawson, chair of the centre-left pressure group Compass, had to admit to himself that they were nowhere.

"When Jesse said that I just thought, yep, we need to stop just talking about this stuff and get down to sorting out an alternative plan," Lawson said.
Of course if Lawson had bothered to pick up our manifesto he wouldn't have needed Norman or his group of economists to formulate his Plan B. But the good news is that he and his centre-left colleagues are now beginning to catch up with Green Party policy.

Such are the perils of being a minority party. It would have been nice if a few journalists could have been bothered to listen to what we were saying at the last election, and also to Caroline's recent views on green QE. At least now it is beginning to look like the non-green left is moving in the right direction. If we can work together with others on the left, the anti-cuts groups, such as UKuncut,  and the trade unions we may be able to put enough pressure on this government to make it change course. The November 30th pensions action is the next big event, lets help to make that a day of action to stop the government's austerity programme and bring about positive change.

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