Monday, Mar 19, 2007
Civil Servents very unsafe!
Yahoo News: Green measures expected in Budget
Gordon seems set to offload even more Civil Servents than expected. Links heavily to the Taxation Con. It seems money is scarce at treasury level, could this fuel speculation that a recession and a bust is looming ever near? Or is it clever management on Labours behalf.... I know which one I believe. Labour might be looking for an exit now, so thats why these unpopular decisions.....
Posted by mattpascoe @ 08:16 AM (201 views) Add Comment
3 Comments
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1. paul said...
"There could be more money for schools, with some predicting a commitment to raise the annual education budget from £70bn to £90bn by 2011. The 6% increase would be almost double the rate of inflation, and would be financed by "privatising" student loan debt to realise a lump sum."
Doesn't sound very sustainable does it? With regards to education, Crash Gordon's giving with one hand (£70bn - 90bn) and taking with the other ("privatising" student loans).
2. sovietuk said...
"privatising of loans" - sounds even more ominous. I wonder whether the terms and conditions will be the same when they've been privatised??? I bet you they won't. Default penalties, higher rates etc etc. After all you can't expect the private sector to do it for nothing. Just think people being made bankrupt by a 19.9% APR interest student loan and all they wanted was just a university education. There was a time (not very long ago) when you got a grant for going to university. Oh how things have deteriorated.
3. mrmickey said...
Privatising student loans i.e. selling it off to loan sharks who will dangle you out of a top floor window by your ankles if you don't pay up. I think most students think their debt will be written off, they can forget that idea.