Regular reminder that there is no reason Labour has to “eye billions of pounds in welfare and other cuts”. It’s more than possible to raise cash with targeted wealth taxes. Austerity is a choice and it’s a choice no matter what colour party is in power.
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However what you can do is dependent on your situation / location.
Labour’s majority is incredibly vulnerable; so if you live in an area with a viable opposition even some small involvement may help.
Otherwise trade unions or activist groups.
There will be frustrations, and it isn’t easy. But trying to act, can at least occupy ourselves.