The UK could lose 1.3m jobs as a result of the Budget

Surprise, surprise! According to the Guardian, a private Treasury assessment of the planned spending cuts says that up to 1.3m jobs could be lost over the next five years. The Guardian says that it has seen a slide from the final version of a presentation for last week’s Budget, which says that: “100-120,000 public sector jobs and 120-140,000 private sector … Continue reading

Posted by Nigel Tree | Comments Off on The UK could lose 1.3m jobs as a result of the Budget

Pushing us towards the death spiral

Yesterday the government announced that it was making initial cuts in public spending of £6.2bn largely by cutting what the Chancellor, George Osborne, called “wasteful spending.” These include cuts in consultancy, travel costs and cutbacks in various departments.  But this isn’t the whole picture on government spending reductions as we still have an emergency Budget to come on 22nd June. … Continue reading

Posted by Nigel Tree | Comments Off on Pushing us towards the death spiral

Shock cut in bingo duty

A reduction in bingo duty from 25% to 20% was the centrepiece of yesterday’s Pre Election Manifesto – sorry, Pre Budget Report – presented by chancellor, Alistair Darling.   Whilst it’s true that the chancellor had all the room to manoeuvre of a man holding a wake in a telephone box, he actually played safe by doing ….well…..doing virtually nothing. … Continue reading

Posted by Nigel Tree | Comments Off on Shock cut in bingo duty