Cutting government spending on things like public sector salaries, medicines, consultancy advice and other forms of what is called “government consumption” tends to make economies grow faster in the medium term.When the Coalition finally gets around to cutting such spending (it still have around 90 per cent of such cuts to implement) that might even [...]
The Coalition is cutting all the wrong things, and still net debt is above £1 trillion
With the March data now released, it’s time to assess what progress has been made over the past fiscal year in putting the UK public finances back on the straight and narrow. With tax revenue up a bit, and ignoring welfare and debt servicing costs, spending down a smidgen, there’s definite signs of movement. But [...]
Budget 2012: Winners and losers among pensioners from cutting complexity
There are 10.3m people aged over 65 in Britain, according to the Office for National Statistics (ONS), so changes to the tax and benefits treatment of pensioners announced in Budget 2012 will affect nearly one in six of the population. But HM Revenue & Customs (HMRC) records show that fewer than half of them – [...]
OBR backs credible deficit cutting path
The economy will slow in 2011 as austerity measures bite but Britain’s public finances are on a credible deficit reduction path, the new and independent fiscal watchdog said View full post on Financial Times – UK Homepage
BP cleared of cutting corners
BP did not put cost before safety in drilling the Macondo well that ruptured in April, according to the presidential commission investigating the spill in the Gulf of Mexico View full post on Financial Times – UK Homepage
Osborne talks tough on cutting benefits
Tough talk against the supposedly workshy came as Nick Clegg, deputy prime minister, attempted to reassure public sector workers View full post on Financial Times – UK Homepage
MoD looks at cutting 30,000 troops
The proposed overhaul, which would slash army numbers by up to 30,000, is an extreme scenario that underlines how a fierce budget squeeze is shaping the defence review View full post on Financial Times – UK Homepage
Germany focuses on cutting spending
Germany’s cabinet is poised this week to approve a 2011 budget as part of a four-year programme of spending cuts meant to serve as an example to other European governments without jeopardising the country’s increasingly robust economic recovery View full post on Financial Times – UK Homepage
Rich Dad’s Guide to Becoming Rich…Without Cutting Up Your Credit Cards
ISBN13: 9780446697521 Condition: NEW Notes: Brand New from Publisher. No Remainder Mark. Product DescriptionThe real trick to building personal wealth is learning how to transform ‘bad debt’ into ‘good debt.’ This quick-hitting book explains how-without having to cut up credit cards. This is the eighth book in the phenomenally successful Rich Dad series. This book [...]