Should the government be doing more to protect the lower paid?
A report out today suggests that the UK government is not doing enough to protect those on low incomes in the UK. However, as the burden of a near £1 trillion government debt continues to hang around the neck of the UK population is there anything more the UK government can do to protect those on low incomes?
In many ways the UK government is in a no-win situation because ultimately if it attacks the high earners in the UK, taking a higher percentage of their income away, this could push business leaders away from the UK. However, if the UK government takes a high proportion of income away from those on reduced wages or reduced income it will be accused of "reverting to type" and create friction between the various classes in the UK.
While there is no doubt that Gordon Brown and his former Labour government were caught out by the worldwide recession, credit crunch and resulting problems, the situation was made worse by overspending on the public sector in years gone by. David Cameron has stepped into the breach to try and reduce government debt, reduce government spending and also take the UK economy into another growth period. Whether he will be able to do this during his current tenure of number 10 Downing St. is open to debate.
Share this..
Related stories
20% of homeowners look to make structural changes
As the housing market in the UK continues to slow, homeowners are planning on making significant structural changes to their properties instead, a new report has suggested.Research from Sainsbury's Home Insurance found that the slower housing market meant that 21 per cent of property owners were planning to carry out structural work in the coming year.Typically, consumers plan to spend £17,361 on...
Read MoreNo honey, I got it in the sales…
A quarter of people in Britain have lied to their partners about how much an item they bought cost, with men most likely to lie about gadgets and women pretending they bagged a bargain on their latest fashion purchase.According to Halifax Home Insurance, 8.5 million of us have lied at least once over the last year, knocking an average £772 of our purchases over twelve months. Eighty per cent of w...
Read MoreWhy doing nothing can save you so much money
Even though society has changed dramatically over the last few years with the introduction of the Internet, the mobile phone and other devices which effectively allow us to communicate from a distance, there is still a substantial market in the restaurant arena and children's entertainment to name but a few. One thing that you can be sure of is that if you go away for a family day you will spend s...
Read MoreUK petrol price hits five-month high
In a rather bizarre scenario we have seen UK petrol prices increasing towards the one pound level despite the fact that oil prices across the world have remained fairly steady for some time. There are a number of factors which appear to have come into play which include the recent two pence a litre tax increase by the UK government and the fact that some oil companies around the world are refusing...
Read MoreBritish Gas Profits rise 14pc
British Gas has reported a rise in profits of 14pc throughout 2012. It is though the company benefited from colder weather which saw consumers use more energy, as well as significant growth in the company’s oil and power generation business. Total profits for the year stood at a massive £2.74bn, while the British Gas residential energy supply arm, which raised prices for consumers in Octobe...
Read More