Posted on 10/20/2010 4:03:59 PM PDT by FromLori
Chancellor George Osborne has unveiled the biggest UK spending cuts for decades, with welfare, councils and police budgets all hit.
The pension age will rise sooner than expected, some incapacity benefits will be time limited and other money clawed back through changes to tax credits and housing benefit.
A new bank levy will also be brought in - with full details due on Thursday.
(Excerpt) Read more at bbc.co.uk ...
They are walking out of the crumbling building of socialism, and we are walking in.
Those Ivy Leaguers ruling us sure are a smart bunch.
Not big enough, they will still have a deficit.
I recommend a big tax on government employees.
True but still a heck of a lot better then here where obama continues to dig us a deeper hole. For an industrialized country those cuts are huge wow I wish we had people here willing to do that.
They will be down to a 19 ship Navy.
They will barely be able to watch their coasts
I know they probably could have cut more of their welfare I understand they really have a lot of handouts but I suppose they didn’t want riots like France.
They’re too big to fail. They need a bail. Surely we can help. Think of all of the jobs that will be saved.
They’re too big to fail. They need a bailOUT. Surely we can help. Think of all of the jobs that will be saved.
How come they don’t have “shovel ready” jobs like we do?
No, the real issue, and the only real worry for me re this announcement, is that there are going to be a lot of job losses in the short term. There is a question mark over whether the private sector in the UK still has the strength to absorb those people. There aren't too many things we export these days.
Speaking only for myself, work has picked up massively in the past six weeks - for the last 18 months it’s been pretty gloomy. It’s not as if the short term job losses are likely to happen overnight so we’ll just have to see how it pans out.
You are right though, there needs to be a bit of forward thinking. It’s not as simple as handing out redundancy notices.
Leeds City Council were canvassing their staff for viable ways to cut spending without laying people off right away, and waited for the spending review, and so far as I can tell are putting in a plan to lay people off in a way that keeps the vital services going. But they wanted to work with the new government and manage their downsizing properly.
In contrast, a neighboring council started handing out redundancy notices within days of the government being formed. They didn’t care who was going out of the door and blamed all the job losses, and their effects, on the new government. And for what? Sour grapes because Gordon Brown lost the election.
That wouldn’t be the city of steel would it?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.