As the glorious days of the British summer – and we are having a magnificent one this year – pass by, the sound of scissors can be heard the length and breadth of this country. Snip, snip, cut, cut, as the new coalition continues to announce cut after cut of public spending. Today’s announcements: civil [...]
Archive of posts tagged Budget
Pot…meet kettle
I came across an article in the Guardian today and immediately became enraged. On the old blog I would have posted the link and my general disgust without a problem. With the new direction of the blog, however, I paused to fully consider my actions. In the end, I decided it must be shared. A [...]
Austerity Measures Don’t Work
More evidence today that the UK’s austerity budget will end up hindering economic growth more than it will help. The Guardian has reported that up to 1.3million jobs will be lost in the next five years according to Treasury officials. On average that is 600,000 jobs in both the public and private sector so no [...]
The Budget
The Budget has been announced. A summary of key points can be found in any of the links below. The VAT rise is clearly going to affect everyone. Everyone buys goods and services which have VAT; but, for millions of people who work in the public sector, this rise in tax will now coincide with [...]
The Budget: the day before
I don’t understand economics. I didn’t major in it, I didn’t study it at university; I am a layman of the most basic degree when it comes to how economies work. What I and most of the British public do understand, however, is how much we take home in our weekly or monthly paycheck. The [...]