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Tories don’t have the mettle to save steel
The industry needs nationalisation and public investment to secure 40,000 jobs – but Cameron won’t do it, writes MICHAEL BURKE

“WE WILL do everything we can to save the steel industry,” David Cameron told reporters on Wednesday. But he immediately undermined that assurance by arguing against nationalisation. As one commentator suggested, if the town had renamed itself Royal Port Talbot Bank it would have already been nationalised.

This highlights a central tenet of Osbornomics, of which Cameron is the chief salesman. He and the Chancellor believe that the private sector is the key to prosperity and that everything possible should be done to promote and encourage it. So, the state should shrink in order to release the inherent dynamism of the private sector. And if some people fail temporarily, some sort of safety net may be necessary, if affordable. But if it is necessary to cut support for disabled people and the poor in order to fund tax cuts for high earners and business, then so be it.

The attack on disabled people has rightly been the focus of hostility to Osborne’s Budget. But this is not an isolated case, as all those who have suffered those cuts can testify. This has been a repeated pattern of Osborne Budgets, supported by all Tory and Lib Dem MPs beginning in 2010. The right of the Labour Party has had no significant disagreements with it.

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