Bad economics at the BBC enabled Tory austerity and its aftermath – and it knows as much | James Meadway

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Bad economics at the BBC enabled Tory austerity and its aftermath – and it knows as much | James Meadway
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Too many journalists don’t get ‘basic economics’, an internal review says. Imagine the effect that’s had on UK politics, says James Meadway of the Progressive Economy Forum

Too many journalists don’t get ‘basic economics’, an internal review says. Imagine the effect that’s had on UK politics

Would a public not spoon-fed mush about the supposed perils of government borrowing have been so ready to accept David Cameron and George Osborne’s austerity in the early 2010s? Would Labour’s then leadership have felt so compelled to support spending cuts – a position that helped lay the ground for Jeremy Corbyn’s anti-austerity leadership bid? Might the Brexit vote have gone differently?.

Confronted by a complex situation, with a limited understanding of the issues involved, one respondent to the review suggests that reporters rely on simplistic political narratives – party intrigue, or Westminster gossip; meanwhile, assumed authorities are deferred to for the actual economics.

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