the current financial crisis is one that has several people commenting on how we all have to share the pain. we have to pull together, make sacrifices and in doing so we will come through it.
the confederation of british industry is quick to say that the raising of national insurance rate is a tax on jobs, and will stop employers taking on new workers and so unemployment will not come down. they are keen to see the government provide details of how to reduce the amount that has been borrowed (in order to bail out the banks). don’t worry folks the cbi have a solution to the problem – cut public spending. this they say can be done by efficiencies such as councils combining their back office functions (they are keen to say that none of what they are suggesting will affect frontline services). such efficiencies will get rid of duplication, save money, cut the deficit.
oh and put a lot of people out of work.
yup that helps the unemployment figures.
the tories are singing from a similar hymn sheet. cut public spending, quickly, in order to reduce the deficit. oh hold on george osborne is saying that the 50p top tax rate is something they see as a temporary measure.
mmm perhaps we are not all going to share the pain. just the less well off.
i don’t even know why i am surprised, still at least with the cbi’s plan there will be frontline staff around to help those who get swept away.
1 comment:
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