Mon Dec 3, 2012, 04:08 AM
HiPointDem (20,729 posts)
UK's austerity will continue into 2018, economic minister says
Austerity measures will have to continue until at least 2018, George Osborne signalled yesterday – as he finalised plans for a pensions raid on the better off and a fresh round of benefit cuts.
In a gloomy analysis ahead of this week’s Autumn Statement on the economy, the Chancellor warned that tackling the vast deficit left by Labour would take longer than predicted, involving further years of spending cuts and tax rises.
A Coalition row was still raging last night over how far to go in squeezing benefit payments and clobbering the pensions of higher-rate taxpayers.
Read more: http://www.dailymail.co.uk/news/article-2242024/Austerity-drive-2018-hints-Osborne-plans-pension-raid-rich-fresh-benefits-cuts.html#ixzz2DyiBa0y7
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5 replies, 605 views
UK's austerity will continue into 2018, economic minister says (Original post)
Response to HiPointDem (Original post)
Mon Dec 3, 2012, 04:35 AM
tama (9,137 posts)
is the popular resistance and response to austerity so much weaker in UK (and in Ireland?) than in Mediterranean countries?
National character? Cool britons vs. hot blood levantines? Or just behind the curve?
Response to tama (Reply #1)
Mon Dec 3, 2012, 09:02 AM
daa (2,589 posts)
2. Why is resistance nonexistent in the US?
A huge majority voted and said leave Medicare and social security alone. Yet here are the dems leading the way with $400 billion in Medicare cuts.
Response to daa (Reply #2)
Mon Dec 3, 2012, 09:46 AM
tama (9,137 posts)
5. It's not nonexistant
there is Occupy movement and much else. But I'm not surprised that those who still put their faith and hope in the representative system and Democratic party get disappointed, again and again and again.