The Effects of Conservative Cuts 2015-2020

thor

Generali wrote: »

What should be done about all those people that borrowed money and didn't pay it back?

Well it takes two to tango so I would say punish them the same way that those who had lent the money so recklessly in the first place. Have any bankers been jailed for causing the recession yet?

CLAPTON

thor wrote: »

Well it takes two to tango so I would say punish them the same way that those who had lent the money so recklessly in the first place. Have any bankers been jailed for causing the recession yet?

would you make it a criminal offence for a company to fail and not be able to pay their debts?
return of debtors' prisons?

Backbiter

Loughton_Monkey wrote: »

Cameron missed the biggest trick of them all.

The day after coming to power, he should have frozen everything that could be termed 'welfare'. Pensions, Unemployment, All Benefits. Even all public sector wages.

Did you miss this bit?
http://www.telegraph.co.uk/news/politics/7847040/Budget-2010-two-year-pay-freeze-for-public-sector.html

I work in the public sector, and have been in the same post since before the 2010 election. My take home pay in April 2010 was £2610. Five years later it is £2625. That's a 0.6% rise.
Inflation over the same period:

2014 1.6%



2013 2.7%



2012 3.1%



2011 4.8%



2010 4.8%

That's a 17% rise over five years. So - if I am typical and I see no reason why I am not - public sector pay has in real terms been cut by some 16%.

That's a pretty massive cut.

But I am told there haven't been any significant cuts yet.

I_have_spoken

Reducing taxation on the productive sector will inevitably boost investment and the UK economy.

You can't tax your way to prosperity, as Red Ed believed.

CLAPTON

Backbiter wrote: »

Did you miss this bit?
http://www.telegraph.co.uk/news/politics/7847040/Budget-2010-two-year-pay-freeze-for-public-sector.html

I work in the public sector, and have been in the same post since before the 2010 election. My take home pay in April 2010 was £2610. Five years later it is £2625. That's a 0.6% rise.
Inflation over the same period:

That's a 17% rise over five years. So - if I am typical and I see no reason why I am not - public sector pay has in real terms been cut by some 16%.

That's a pretty massive cut.

But I am told there haven't been any significant cuts yet.

Many people in the public sector get annual increments:
many have had their pension payments increased which of course reduces their take home pay

what are your circumstances?

gadgetmind

Backbiter wrote: »

That's a 17% rise over five years. So - if I am typical and I see no reason why I am not - public sector pay has in real terms been cut by some 16%.

When the private sector gives people sub inflation rises it's a message that perhaps they need to improve their performance or go an under perform elsewhere.

gazter

thor wrote: »

But that's the problem isn't it? Freezing public wages and benefits would make the lie 'all in it together' even more insidious. I don't see those cretins who caused the recession in the first place suffering too much. I am of course referring to the bankers.

They also caused the boom, and funded the tax base on which Brown began increasing public spending in 2002.

Thrugelmir

thor wrote: »

Have any bankers been jailed for causing the recession yet?

Did any bankers break the law?

Generali

stator wrote: »

The Rich will get Richer, the Poor will get Poorer.
Old people will continue to milk the system dry

The only problem is with your idea is that the poor are getting richer.

Moby

gadgetmind wrote: »

When the private sector gives people sub inflation rises it's a message that perhaps they need to improve their performance or go an under perform elsewhere.

You are not comparing like with like though. Private businesses are run for the benefit of shareholders, (or at least should be):)
Public services are run for the public at large, (like mine). We are therefore subjected to the idealogically driven agenda of a govmt no matter what our performance is like.
For instance this present govmt in its infinite idealogically driven wisdom has decided to privatise half the service I provide. This has resulted in major redundancies and the use of public money to shore up services using more highly paid sessional/temporary staff to fill the gaps. The disruption caused by the privatisation has led to a major deterioration in the quality of service and achievement of targets. Of course the ultimate costs of this will never be measured.....the agenda moves on. But when govmts talk about efficiency savings etc and reducing the size of the public sector remember the hidden costs both in human and financial terms. It's not as simple as people like to think.