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Britain Faces Decade Of Austerity, Influential Think Tanks Warn

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http://www.telegraph.co.uk/news/politics/spending-review/10106288/Britain-faces-decade-of-austerity-influential-think-tanks-warn.html

In a joint study, the Institute for Fiscal Studies and the Institute for Government warned that a further 250,000 civil servants may lose their jobs because of sluggish economic growth.

They said that both the 2015 and 2020 General Elections are likely to be fought on grounds of austerity, and that the situation could worsen with the decline of North Sea oil and the rising costs of healthcare.

Carl Emmerson, the Deputy Director of the IFS, said that one of the first actions of whoever is chancellor after the next election in 2015 may be to put up taxes.

Put up taxes or lower wages...

James Callaghan

When we reject unemployment as an economic instrument — as we do — and when we reject also superficial remedies, as socialists must, then we must ask ourselves unflinchingly what is the cause of high unemployment. Quite simply and unequivocally, it is caused by paying ourselves more than the value of what we produce. There are no scapegoats.

Clearly we have plenty in govt jobs who are worth it....

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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