Victory for the Liberals means an increased focus on social policy and more money for beleaguered public services.After almost a decade of deep-right conservatism Canada’s political landscape experienced a major shift on 19 October with a dramatic come-from-behind national election win by Justin Trudeau’s Liberal party.Trudeau’s Liberals started the 2015 campaign as the third party with only 36 seats and sprinted to a strong majority win with 184 seats – a novel electoral accomplishment in Canada.Unique also was how this was achieved.Trudeau’s commitment to run modest deficits (of $10bn a year for three years) to stimulate the economy through infrastructure spending was a game-changer in the campaign.
This was particularly so given aggressive attacks from his political opponents on both the left and right labelling the Liberal leader as fiscally irresponsible.While Canada is hitting the pause button on austerity the UK chancellor, is on fast-forward.
George Osborne’s 2015 spending review will see a further £20bn cut from public spending to achieve balance by 2019- a move which follows a halving of the deficit over the course of the last parliament.
Heavyweight economic commentators are coalescing around the view that with interest rates low and unemployment high it’s the right time to invest in public programs and infrastructure.
Trudeau caught the wave.
(ed:..could someone forward this one to the bloody nz labour party..!..those neoliberal austerity-freaks..!..)
Victory for the Liberals means an increased focus on social policy and more money for beleaguered public services.