UK government pledges to spend whatever it can to keep people in employment
As we approach the next general election it is no surprise to see Alistair Darling, the Chancellor of the Exchequer, suggest that the UK government will do everything within its means to keep people in jobs, no matter what the cost. Even though UK national debt has now topped £1 trillion and the annual budget deficit is set to top £175 billion this year it seems Alistair Darling is set to pull yet another financial rabbit from his hat!
Despite attacking the Tory party for its straight talking regarding public-sector expenditure, which is set to fall significantly over the next few years whichever party is in power, a short-term increase in government expenditure is expected with accusations of voter bribery likely to be aimed at the government. There is also a feeling that the UK government will soon be forced to "come clean" on public sector investment in the future which cannot be maintained at the current rate due to fiscal pressures and lack of funding.
The last few weeks has seen Alistair Darling and Gordon Brown particularly quiet after the announcement that France, Germany and Japan have seen their economies move into positive territory while the UK is still suffering. UK consumers can expect a barrage of upbeat statements and comments from the government over the next few months as we step ever closer to a vital general election.
Share this..
Related stories
Business leaders question UK government's broadband tax
UK business leaders have today questioned the UK government's suggestion that a six pound telephone line tax should be brought in by the end of 2010, with the aim of party funding the investment required for a new UK national broadband network. However, in a move which will surprise many people, business leaders do not believe six pound per telephone line would be enough to raise the funds require...
Read MoreHow did the situation in the UK get so bad?
While we hear about the doom and gloom surrounding the worldwide economy many people at home are wondering just how a once prosperous UK economy has fallen so sharply leaving many companies and people destitute. The once proud housing market is literally on its knees, the stock market is more volatile than ever before and the ruling Labour Party appear hellbent on fighting amongst themselves.
Read More
Cost of borrowing has surged in last 12 months
The cost of borrowing has soared in the last year as the days of cheap credit seem to have come to an end, new research has shown. Data conducted by price comparison site Moneyfacts.co.uk found that unsecured personal loans for small amounts have been subject to the most pronounced increases, with the cost of a loan of £1,000 surging by 4.1 per cent in the last year. The rise has brought the aver...
Read MoreEnergy companies see profits rise further
26/11/2013 The big six energy companies saw their profit margins increase by 4.3% in 2012, which does not include the effects that could be felt from the recent rise in energy prices. Regulator Ofgem reported that of the big six, Centrica, owner of British Gas, boasted the highest profit margins of 6.6%, whilst EDF energy reported the lowest profit margin, who actually made a loss of 1.1%....
Read MoreNicolas Sarkozy to attack the City of London
As many had expected, Gordon Brown was caught in something of pincer movement during the recent flurry of EU high-level appointments which saw the UK government gain top spot in the foreign office while the French authorities have bagged the economic crown. Today sees the first in what many believe will be an ongoing programme of attack on the UK financial sector and in particular the City of Lond...
Read More