As the new Conservative / Liberal Democrat government start talking about saving money. Cutting the benefits for the poor and protecting the rich, how will this effect the everyday person.
Also American president Barack Obama starts his budget cutting - who really will be the looses.
Al the British government states it will remove or reduce child care benefits, maternity payments and child support - does this new government really care about the really people the voters.
As the price of living increases, as big business needs to increase its profits for its share holders, who are the people that are going to take the strain of the increase the very people who can't afford to.
As the new government protects the rich from any increase in tax or vat all the funding will have to come of the poor. Increasing VAT and maybe the the worse move any government could ever make at VAT onto food, how is this ever going to help the poorest family. The poorest family's will then require more state funding (which I don't think the government will pay) maybe the government should review the disability funding.
Who gets free bus passes (that we all pay for) who gets free prescriptions - Why do pregnant single mothers that work get penalised by the government.
If the government increased the basic tax rate by 2 p this would make the government billions of pounds, but the government is scarred of increasing taxes.
Written by Nathan Blakeley
Please donate 50p, thank you from Recession2009
Showing posts with label Goverment. Show all posts
Showing posts with label Goverment. Show all posts
Sunday, 13 June 2010
Sunday, 23 May 2010
Business department 'facing £700m budget cut'
Plans to reduce public spending by £6bn include cutting the business department budget by £700m, the BBC has learned.
The government is to set out where this year's cuts will be made this week.
But the BBC's Carole Walker says £700m will come from Lib Dem Vince Cable's department, while £500m is to come from trimming or axing public bodies.
Ministers say cuts must be made quickly to show Britain is serious about cutting the deficit but Labour says this could put the recovery at risk.
Universities
Ministers have insisted that front-line services will be protected, despite the cuts that will be made.
Chancellor George Osborne said on 17 May that plans for £6bn cuts would be announced this week, while setting a date for an "emergency Budget" for 22 June.
BBC political correspondent Carole Walker said savings at the Department for Business, Innovation and Skills would mean "significant cuts" to regional development agencies in the south of England.
The government is to set out where this year's cuts will be made this week.
But the BBC's Carole Walker says £700m will come from Lib Dem Vince Cable's department, while £500m is to come from trimming or axing public bodies.
Ministers say cuts must be made quickly to show Britain is serious about cutting the deficit but Labour says this could put the recovery at risk.
Universities
Ministers have insisted that front-line services will be protected, despite the cuts that will be made.
Chancellor George Osborne said on 17 May that plans for £6bn cuts would be announced this week, while setting a date for an "emergency Budget" for 22 June.
BBC political correspondent Carole Walker said savings at the Department for Business, Innovation and Skills would mean "significant cuts" to regional development agencies in the south of England.
Thursday, 13 May 2010
Sunday, 15 February 2009
Banks to get bonuses
bankAs the government / general public have bailed out the banks. It is proposed that the banks will pay bonuses. So not only have the banks been run badly, they have gambled with our money (and lost) and had massive financial support from you and me, know their want to give bonuses out. I think this is unacceptable, if a bank gives out any bonuses than the government should with hold any further funding for any bank.
But if its the lower payed bank workers that get the bonuses than good , but when the bonuses go higher up in the banking system. Bonuses should only be awarded for hard and good work, so why are bonuses proposed to people that have directly gambled with our money, been bailed out by the government.
Maybe now is the time to only have one or two banks, one privaltyly owned and other goverment owned. I now where I'd put my money.
Lloyds insists it is right to offer financial rewards to staff who hit targets Lloyds Banking Group has defended plans to reward retail and commercial staff with bonuses, worth a reported £120m.
Its subsidiary HBOS - bought with government backing last year - is to record a loss of nearly £11bn, raising concerns it may need more state help.
But Lloyds, already 43% taxpayer-owned, said its employees deserved "financial recognition" for hitting targets.
Shadow business secretary Ken Clarke has accused ministers of overseeing a "shotgun marriage" of the two banks.
But if its the lower payed bank workers that get the bonuses than good , but when the bonuses go higher up in the banking system. Bonuses should only be awarded for hard and good work, so why are bonuses proposed to people that have directly gambled with our money, been bailed out by the government.
Maybe now is the time to only have one or two banks, one privaltyly owned and other goverment owned. I now where I'd put my money.
Lloyds defends staff bonus plan
Lloyds insists it is right to offer financial
rewards to staff who hit targets
Lloyds insists it is right to offer financial rewards to staff who hit targets Lloyds Banking Group has defended plans to reward retail and commercial staff with bonuses, worth a reported £120m.
Its subsidiary HBOS - bought with government backing last year - is to record a loss of nearly £11bn, raising concerns it may need more state help.
But Lloyds, already 43% taxpayer-owned, said its employees deserved "financial recognition" for hitting targets.
Shadow business secretary Ken Clarke has accused ministers of overseeing a "shotgun marriage" of the two banks.
In most cases staff bonuses would amount to £1,000 or less for employees earning about £17,000 per year, the bank said. The report comes amid speculation that the government - which has already poured £17bn into the group - may be forced to take a majority stake in Lloyds, or even nationalise it.
read full article click here
Banks to get bonuses
bankAs the government / general public have bailed out the banks. It is proposed that the banks will pay bonuses. So not only have the banks been run badly, they have gambled with our money (and lost) and had massive financial support from you and me, know their want to give bonuses out. I think this is unacceptable, if a bank gives out any bonuses than the government should with hold any further funding for any bank.
But if its the lower payed bank workers that get the bonuses than good , but when the bonuses go higher up in the banking system. Bonuses should only be awarded for hard and good work, so why are bonuses proposed to people that have directly gambled with our money, been bailed out by the government.
Maybe now is the time to only have one or two banks, one privaltyly owned and other goverment owned. I now where I'd put my money.
Lloyds insists it is right to offer financial rewards to staff who hit targets Lloyds Banking Group has defended plans to reward retail and commercial staff with bonuses, worth a reported £120m.
Its subsidiary HBOS - bought with government backing last year - is to record a loss of nearly £11bn, raising concerns it may need more state help.
But Lloyds, already 43% taxpayer-owned, said its employees deserved "financial recognition" for hitting targets.
Shadow business secretary Ken Clarke has accused ministers of overseeing a "shotgun marriage" of the two banks.
But if its the lower payed bank workers that get the bonuses than good , but when the bonuses go higher up in the banking system. Bonuses should only be awarded for hard and good work, so why are bonuses proposed to people that have directly gambled with our money, been bailed out by the government.
Maybe now is the time to only have one or two banks, one privaltyly owned and other goverment owned. I now where I'd put my money.
Lloyds defends staff bonus plan
Lloyds insists it is right to offer financial
rewards to staff who hit targets
Lloyds insists it is right to offer financial rewards to staff who hit targets Lloyds Banking Group has defended plans to reward retail and commercial staff with bonuses, worth a reported £120m.
Its subsidiary HBOS - bought with government backing last year - is to record a loss of nearly £11bn, raising concerns it may need more state help.
But Lloyds, already 43% taxpayer-owned, said its employees deserved "financial recognition" for hitting targets.
Shadow business secretary Ken Clarke has accused ministers of overseeing a "shotgun marriage" of the two banks.
In most cases staff bonuses would amount to £1,000 or less for employees earning about £17,000 per year, the bank said. The report comes amid speculation that the government - which has already poured £17bn into the group - may be forced to take a majority stake in Lloyds, or even nationalise it.
read full article click here
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