Their conclusions challenge the very basis of the austerity consensus, swallowed by all three major parties, that we need to cut deep into the public sector to pave the way for a recovery. A consensus that is seemingly unmoved by increasing evidence that we should instead be spending our way out of recession.
The housewives' purse theory, first popularised by Margaret Thatcher, that as a country we must live within our means, does not so simply apply to national economics and has certainly never applied to the venture capitalists who bankroll the Conservatives, but is rather an easily-sold pretext for a good old Reaganomic restructuring of the economy that drives wages down, makes labour fearful and desperate, and increases profits for big business.
As workers are laid off the Samaritans have reported a doubling of calls related to the financial crisis. The BMJ report highlights the tragic consequences of this strategy; the suicides of 846 men and 155 women between 2008 and 2010 due to the recession / depression. The authors calculated the number of excess suicides attributable to the financial crisis by looking at the total number which were over and above historical trends.Unsurprisingly the UK regions experiencing the greatest rises in unemployment have seen the largest increase in suicides. You can read the full report .
The Chick and Pettifor report, called The Economic Consequences of Mr Osborne, mean that those 1,000 lives have been lost as a result of a strategy that is clearly failing to achieve it's aims while the Chancellor sticks firmly to the line that there is no Plan B. On current trends number of suicides throughout 2011 and 2012 may also be approaching four figures. It is also worth considering that the 'norm', which the BMJ have used as their baseline almost certainly includes other victims of the economy as each recession leaves a legacy of damaged long-term unemployed and mentally ill people who kill themselves during the good years.
All the evidence points to the fact that suicides rocket during a recession, and the current slump which began in 2008 is much closer to a depression than any other since the 1930's. I am grateful to my Liberal Left colleague Ed Randall for producing the graph ( above right), which shows that Britain's 'recovery' has been slower than any other and while not quite as deep as the 30's is much longer lasting. If new predictions by the economists are to be believed the UK is only a third of the way through a 15 year slump unless something changes.
It is a situation made worse by fitness to work assessments carried out by ATOS. There have been a number of cases of people who had received incapacity benefits who had died, of natural and unnatural causes, after being deemed fit to work or by severe anxiety caused by an impending assessment.
What Cameron and Clegg should also dwell on is the increasing number of studies that cast serious doubt on the very foundations of their economic plan which has dictated that billions need to be saved from welfare and has led to these terrible ATOS assessments.
Christelle Pardo and her five-month unborn baby who leapt to her death from a Hackney tower block. Her Job Seekers Allowance and housing benefit was withdrawn because she was considered unable to work due to her pregnancy and her claim for income support was turned down because she had not been in continuous employment in the UK for the previous five years.
Not just a tragic waste of life, but also utterly unnecessary. The IMF World Economic Outlook published in October suggested that far from continuing with austerity, Britain's economy could be stimulated with new public spending. Indeed they estimated that for every £1 invested by Government, £2 would be generated for the economy.
Conversely, for every pound cut from the public services the economy suffers doubly. In other words, the Plan A of fiscal retrenchment is self-defeating in an already depressed economy, as Ed Randall argues.
While companies like Starbucks are allowed to avoid their taxes and millionaires pour their wealth into offshore companies ordinary people are caught between a rock and a hard place and many cannot bear living anymore.
A handful make the local news but most don't. For every Richard Sanderson , a dad-of-four from Wimbledon who stabbed himself in the heart after a housing benefit cut, there are many more like him. Some benefit claimants make a splash, like the man who set himself alight in a Birmingham jobcentre , but most suffer silently, and a few die quietly and anonymously.
The forgotten victims of the Government's misguided war on the deficit. A war that is going nowhere fast as many thousands sink into despair and hopelessness, and some regrettably take the ultimate way out.
Welfare kills, job losses kill. And ministers who refuse to heed the calls for a change in economic strategy bear much responsibility for this shockingly large loss of life which is continuing on an almost daily basis. It rarely makes the headlines but is one of the greatest scandals of modern times.
The scandal of the 1,000 - perhaps 2,000 by now - victims of the economic depression, and the scandal of the economic strategy that is actually taking us backwards.
Ann Pettifor, ATOS, Austerity, British Medical Journal, Christelle Pardo, Coalition, deficit, depression, Economics, Economy, Ed Randall, Fiscal consolidation, George Osborne, IMF, Job Seekers Allowance, Larry Elliott, Margaret Thatcher, Mark and Helen Mullins, Mind, Paul Reekie, Plan A, public debt, public finances, recession, Richard Sanderson, Samaritans, Starbucks, suicide, unemployment, Vicky Harrison, Victoria Chick