This week in Parliament will be dominated by the Autumn Statement. Government departments have been told to expect a worst case scenario of 40% cuts in spending. Local authorities, who have already seen their budgets halved are now anticipating cuts deeper than ever before.
This is a complete gamble, it is by no means a route to fiscal stability. We need a government willing to invest, in long term projects and infrastructure, we need a banking system which will loan regionally to the local private sector to promote growth. The Governments’ short sighted attitude is undermining the need for investment and the Chancellor needs to understand there is a difference between borrowing to spend and borrowing to grow.
Essential services will become even more stretched with these deep cuts. We certainly don’t need another serious squeeze on the public purse that will put our children, disabled and the elderly at more risk, we need public sector reform that offers security to those most in need of it.
Also this week I will be hosting an event with the New Economics Foundation on financial reform, meeting with other Sheffield MP’s about changes in NHS funding and meeting various groups & people about FOI. I will also participate in two debates on HMRC and renewal of Trident.
Back in Sheffield I will be officially opening Olive Grove Campus of Sheffield College, have meetings with the Police and I am holding a surgery on Friday. On Saturday I will be attending the Sheffield Climate Change event in town.