Rising Unemployment to cost extra £1.4 Billion-Price worth paying?

[Titanic99 10]

Average public sector worker costs about 14k per year.

The government wants to reduce this, so paying them £66 per week is a lot cheaper.

 

You've forgotten to mention the cost of the following:

 

Rent, Council Tax, Partner allowance, childrens allowance,Free prescriptions, Free school meals.

 

When these are added on the difference between what we pay for a worker and what we pay to keep someone unemployed makes it stupid to not keep people in work.

[Titanic99 10]

http://www.guardian.co.uk/politics/2010/may/24/george-osborne-spending-cuts-city-reaction

 

Business organisations and City economists welcomed today's long-awaited announcement of £6.25bn of public spending cuts as proof that the coalition government is taking swift action to reduce the record budget deficit – but warned that the planned savings are just the beginning.

 

 

Of course businesses are going to say that, if you have more people fighting for jobs then you are able to pay them less.

 

So the businesses increase their profits whilst the workers see their standard of living reduced.

 

Thanks once again Nick for letting this shower into power.

[Berberis 10]

Just about everyone economist in the land as told the government that their actions are wrong. Everyone knows what the score is, except the die-hard blue brigade.

 

Do they?

 

IMF tells Britain: next government must move fast to cut budget deficit (20 May 2009)

http://www.guardian.co.uk/world/2009/may/20/imf-uk-forecast

 

IMF backs coalition spending cuts (27 September 2010)

http://www.bbc.co.uk/news/business-11419937

[Bigthumb 10]

Of course businesses are going to say that, if you have more people fighting for jobs then you are able to pay them less.

 

So the businesses increase their profits whilst the workers see their standard of living reduced.

 

Thanks once again Nick for letting this shower into power.

 

What is it about reading simple words that you find so difficult?

 

requote...

 

Business organisations and City economists welcomed today's long-awaited announcement of £6.25bn of public spending cuts as proof that the coalition government is taking swift action to reduce the record budget deficit – but warned that the planned savings are just the beginning.

[Titanic99 10]

Do they?

 

IMF tells Britain: next government must move fast to cut budget deficit (20 May 2009)

http://www.guardian.co.uk/world/2009/may/20/imf-uk-forecast

 

IMF backs coalition spending cuts (27 September 2010)

http://www.bbc.co.uk/news/business-11419937

 

You can cut the deficit three way:

 

Increase income

Reduce spending

Sell assetts

 

The first hits the well-off, whilst the second and third hits the poor,

 

Guess what, the Government choose the second option.

[Bedders 10]

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

 

Must be a price worth paying? Labour could afford to sell £10.5 billion of gold reserves in a slump for £3.5 billion against the advice of their advisors....so £1.4 billion is a drop in the ocean!

[Berberis 10]

What is it about reading simple words that you find so difficult?

 

requote...

 

Business organisations and City economists welcomed today's long-awaited announcement of £6.25bn of public spending cuts as proof that the coalition government is taking swift action to reduce the record budget deficit – but warned that the planned savings are just the beginning.

 

Don't underestimate the likes of Titanic, Mecky and Wednesday1's ability to totally ignore the facts when trying to score political points.

[Bigthumb 10]

You can cut the deficit three way:

 

Increase income

Reduce spending

Sell assetts

 

The first hits the well-off, whilst the second and third hits the poor,

 

Guess what, the Government choose the second option.

 

How do you plan to increase income?????????????????????????

[Titanic99 10]

What is it about reading simple words that you find so difficult?

 

requote...

 

Business organisations and City economists welcomed today's long-awaited announcement of £6.25bn of public spending cuts as proof that the coalition government is taking swift action to reduce the record budget deficit – but warned that the planned savings are just the beginning.

 

Which part of my post did you fail to understand.

 

"Of course Businesses are going to say that"

 

Would you expect them to say something different?

[Titanic99 10]

How do you plan to increase income?????????????????????????

 

THe conventional wisdom is to increase taxation!!!!!

[Bigthumb 10]

Don't underestimate the likes of Titanic, Mecky and Wednesday1's ability to totally ignore the facts when trying to score political points.

 

A bit more for them to ignore..

 

http://www.thisismoney.co.uk/news/article.html?in_article_id=516978&in_page_id=2

 

 

The spending cuts outlined by George Osborne won international backing last night. Leading global economists said the plans were 'tough, necessary and courageous'.

 

 

 

The Organisation for economic Co-operation and Development praised the Coalition for producing a 'concrete and far-reaching plan' to tackle the £155bn annual deficit left by Labour.

[JFKvsNixon 11]

Don't underestimate the likes of Titanic, Mecky and Wednesday1's ability to totally ignore the facts when trying to score political points.

 

If you'd put a red rosette on a dog they'd have voted for it.