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10/21/10

Britain: A Lesson From Britain's Massive Cutbacks: Poor Could Be Hurt Most

Britain's poor and powerful clashed Thursday over who will lose out most under austerity measures that will slash benefits, jobs and government services to reduce the country's crippling debts.

Treasury chief George Osborne has announced 81 billion pounds (euro90 billion) in spending cuts through 2015 that will cost as many as half a million public sector jobs and trim welfare payments to families and the disabled.  Government departments will, on average, have their budgets cut by about 19 percent, forcing them to lay off staff and limit the scope of their work. It means Britain will have fewer Police,
PM: David Cameron
pay less to those without jobs and send fewer criminals to prison. Embassies will be shuttered, as will courts and military bases.

Britons will lose billions in benefit payments, retire later, and pay more for day-to-day items like train tickets.

Note EU-Digest: The poor could be hurt: Isn't that always the case when conservative parties try to remedy any economy in trouble ?

For more: A Lesson From Britain's Massive Cutbacks: Poor Could Be Hurt Most

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