Rejoice! Cameron has found the 'magic money tree'!

Just in case you hadn't noticed we are still in the grip of austerity with Conservative Chancellor George Osborne and Ed Milliband both promising yet more cuts in government spending. In fact, there is no end in sight to austerity, with years of cuts to come. But what Ed and George don't appear to understand, and what I and many others have been arguing is that austerity cuts don't help our economy or make our finances stronger. If we hadn't had Osborne's cuts over the past 4 years our economy would be in a much better position now. Osborne has complained about the fact that we are borrowing too much money but his cuts have lead to greater borrowing. He has now borrowed as much in 3 years as the last government did in 13 years. He has failed.

Of course Cameron has staunchly supported his Chancellor through the years of austerity and he one famously said "there is no magic money tree". What he said was:

"It’s as if they think there’s some magic money tree.  Well let me tell you a plain truth: there isn’t.”

Of course he was talking about borrowing, something which Osborne has been doing rather a lot of, but let me tell you the real truth - there is a magic money tree. In fact, there are at least two magic money trees. One is called quantitative easing and the government used that to produce £375 billion worth of cash from thin air. Another is the way in which governments can suddenly find more money when they come under political pressure. 
 

David 'money no object' Cameron

This brings us to the recent terrible flooding events in the Somerset Levels, and on the Thames and Severn. The Somerset floods went on for weeks before the government showed some concern but the Thames flooding was a different matter. The latter is a Tory heartland and Cameron realised he had to be seen to be doing something - and fast. So he did an about-face reached for the 'magic money tree' and stated that "money is no object". According to the Telegraph Cameron 'promises to spend whatever is necessary as flooding worsens across southern England'


If the government hadn't been so busy cutting public spending including on flood defence, the Environment Agency, and fire services we might have be in a better position to cope with the current crisis. The message is clear, the austerity cuts were always political and a false economy. The reality is that a cut in one area often increases spending in another, and that is what is happening now.  Add to that the government's climate change denial credentials, Cameron's 'green crap', and the promotion of fossil fuel fracking and you have a government which is not only class-war driven but short-sighted and incompetent. More and more people will suffer from the multiple failings of the stupidest government ever but don't expect Cameron to be fazed by any of this, he has one of the biggest brass necks in political history.

The most dangerous man in Britain?

Who could this man be? David Cameron? Bob Crow? No. For me, Cameron is certainly number two but the most dangerous man in Britain is a man who was once very well known, and even now he still makes the odd appearance on Newsnight and Radio 4. This man is Nigel Lawson and he is the mouthpiece, or more formally Chair and founder, of something called the Global Warming Policy Foundation (GWPF). The GWPF - very grand title that - sounds like a bunch of concerned academics and citizens who want to spread the word about the dangers of climate change, but its exactly the opposite. It is a cover for heavyweight climate change deniers.

Before I say more about the GWPF lets have a look at Nigel Lawson's track record. His claim to public prominence comes from being Margaret Thatcher's Chancellor of the Exchequer for the period 1983-89, and a former Secretary of State for Energy. He was responsible for the notorious 'Lawson Boom' in the 1980s, substantial tax cuts for the better off, and massive deregulation of the financial sector . Although unemployment fell from a peak of 3 million, the boom lead to crippling interest rates of 15%. So, as deregulator-in-chief of the financial sector in the UK he already has much to answer for in terms of the current economic crisis we face.

The most dangerous man in Britain

But it was his tenure as Secretary of State for Energy which gives us a clue as to his new role as climate change denier-in-chief. The GWPF refuses to admit who its financial backers are but its not hard to imagine that some of them might have interests in energy generation. The GWPFs biggest coup was its involvement in 'climategate', when emails from the University of East Anglia's Climatic Research unit were hacked, and Lawson called for an independent inquiry.

Despite the fact that he has been widely critised and his comments have been described as demonstrably inaccurate, Lawson shows no sign of giving up. In fact I heard him as I was driving to work only the other morning extolling the virtues of fracking, pooh-poohing renewables as uneconomic - though this suggests otherwise -  and once again denying climate change saying "that there has been no global warming whatever so far this century". You can listen to it here.

Nigel Lawson is lucky enough to be nearly 80 years old. He won't be around when global temperatures have risen by 2 degrees to witness the harm that it will cause to people and the planet. He's all right jack, but we won't be, if his antics succeed in delaying the mitigation of climate change. In my view he is probably the most dangerous man in Britain.