Slog
News & ArtsMonday, June 14, 2010
International From Hungary to The UK
Posted by Charles Mudede on Mon, Jun 14, 2010 at 2:03 PM
No more music...
The CIPD said that the focus on spending cuts rather than tax hikes would exacerbate the jobs crisis. Chancellor George Osborne intends to reduce the fiscal deficit by making close to 80 percent of “savings” through spending cuts, with only 20 percent coming from tax hikes. To this end, Osborne will announce swingeing cuts in the emergency budget set for June 22....Don't stop the dance.
1
They have this backwards.
It should be 80 percent reductions in corporate tax exemptions and subsidies and 20 percent reductions in spending.
It should be 80 percent reductions in corporate tax exemptions and subsidies and 20 percent reductions in spending.
2
Lovely lyrical reference - the spending cuts will kill them, and for no good reason. Terrifyingly, our politicos are watching, some licking their lips.
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