Sorry, but I have to have a long overdue rant on politics.
The government in their wisdom have decided that people need to get off benefits. And they are also going to make loads of people employed by the state (directly or indirectly) unemployed by making loads of job cuts. So, at the same time as unemployment is going to increase, both help and benefits to those who are unemployed are going to be cut. And this makes sense how?
I understand the view of many on the Labour Party that the drastic spending cuts being planned now are insane. At a time when the economy needs to recover, sacking loads of people makes no sense. Without money, they will no longer be able to buy things, which means that the economy will no longer be stimulated. Let alone a progressive budget that will actually harm those who are less well off. As noted by Ed Balls on Any Questions on Friday night, cuts that are too drastic can harm the economy, not just in the same manner as they did in the great depression, but also by resulting in a problem with the nations credit rating as has happened in Eire. Loads of people love to talk about the deficit, but when you look at the deficit compared to GDP, the UK actually is not that bad.
RANK | COUNTRY | (% OF GDP) | DATE OF INFORMATION |
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As you can see, the UK is in a better position than many of our EU counterparts.
Anyway, time to go. Hope you all take care.
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