Titanic99 Posted January 3, 2011 Share Posted January 3, 2011 It seems the current Government has once again got its sums wrong and they’ve under-estimated the additional cost of rising Unemployment. I know both parties have been out of power for a while and that potential for errors exist as a consequence of this, but could someone please get them to check and double-check their figures before they start trying to feed us nonsense we suspect isn’t true. Regarding the point, High Unemployment is shocking (we always seem to get it when the Tories are in power), so why can’t we be a little bit more sensible in this by reducing the hours of those in work and consequently getting others into work, and reducing the Welfare Bill. Whilst we are on this subject, can we have the age for claiming your Retirement Pension brought back down to 65 to free up jobs for people currently unemployed. http://news.sky.com/skynews/Home/Politics/Rising-Unemployment-Will-Cost-An-Extra-14bn-According-To-The-Office-For-Budget-Responsibility/Article/201101115878715?lpos=Politics_First_Home_Article_Teaser_Region_2&lid=ARTICLE_15878715_Rising_Unemployment_Will_Cost_An_Extra_%3F1.4bn%2C_According_To_The_Office_For_Budget_Responsibility Link to comment Share on other sites More sharing options...
Berberis Posted January 3, 2011 Share Posted January 3, 2011 How can you underestimate something that as not happened? Link to comment Share on other sites More sharing options...
Titanic99 Posted January 3, 2011 Author Share Posted January 3, 2011 How can you underestimate something that as not happened? IF you project something to cost a figure and then a more through investigation decides it will cost more, then you've under-estimated your initial costs. Link to comment Share on other sites More sharing options...
spooky3 Posted January 3, 2011 Share Posted January 3, 2011 ... Regarding the point, High Unemployment is shocking (we always seem to get it when the Tories are in power), so why can’t we be a little bit more sensible in this by reducing the hours of those in work ... Does any government have that power? And even if they do, should they meddle with private businesses who are obviously fit enough to survive these difficult times? Link to comment Share on other sites More sharing options...
spooky3 Posted January 3, 2011 Share Posted January 3, 2011 IF you project something to cost a figure and then a more through investigation decides it will cost more, then you've under-estimated your initial costs. I forgot, an estimate should always be right, especially when considering a subjective system involving humans! Link to comment Share on other sites More sharing options...
Titanic99 Posted January 3, 2011 Author Share Posted January 3, 2011 Does any government have that power? And even if they do, should they meddle with private businesses who are obviously fit enough to survive these difficult times? I would argue that Governments could legislate anything the electorate wants. Whether or not they should be meddling with private businesses, again if legislation decides that it wants those in work working less to reduce the welfare bill , then they'll have to do it. Link to comment Share on other sites More sharing options...
spooky3 Posted January 3, 2011 Share Posted January 3, 2011 I've just read your link! So the previous estimate was less than the current estimate? Link to comment Share on other sites More sharing options...
spooky3 Posted January 3, 2011 Share Posted January 3, 2011 I would argue that Governments could legislate anything the electorate wants. Whether or not they should be meddling with private businesses, again if legislation decides that it wants those in work working less to reduce the welfare bill , then they'll have to do it. Go on, chase all the rest of businesses away to foreign shores... Link to comment Share on other sites More sharing options...
Titanic99 Posted January 3, 2011 Author Share Posted January 3, 2011 I forgot, an estimate should always be right, especially when considering a subjective system involving humans! An estimate won't always be correct, but we should expect Governments to be more accurate that they have been with this. Link to comment Share on other sites More sharing options...
spooky3 Posted January 3, 2011 Share Posted January 3, 2011 An estimate won't always be correct, but we should expect Governments to be more accurate that they have been with this. 1) Give me hope! 2) Lend us a tenner? Link to comment Share on other sites More sharing options...
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