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
Why Is The Government Attacking Consumers On Waste?
An influential report from the House of Lords has cast major doubt on the current government policy of attacking consumers with regards to waste disposal and recycling. The Lords committee found that consumers were being pressurised into recycling and trying to cut back on waste by fines and other threats from the authorities when they account for less than 10% of waste in the UK.
...
Npower to pay £26 million fine
18/12/2015 Energy firm Npower has been forced to pay a fine of £26 million after a series of inaccurate bills and failings in complaint handling. Ofgem, the energy watchdog, has revealed that Npower has to pay the record settlement for failing to “treat customers fairly”. Its billing issues affected more than half a million customers between 2013 and 2014, where the company issued more...
Read MoreSave on Heating Bills
Heating can be a tremendous expense but in times of bad weather, or as it is known in the UK, Autumn, Winter, Spring, and Summer, there is little you can do but heat your home and worry about the bill later!
But there are actually quite a few ways of reducing those bills to more manageable levels and saving large amounts of money during the long Autumn/ Winter period. The first thin...
Do you know your energy tariff?
As we start to see signs of potential falls in the price of gas and electricity many consumer associations are begging the UK population to review their energy tariffs as many have no idea what they are being charged. Massive variations across the energy sector and turmoil in the gas and electricity wholesale markets have potentially opened some interesting opportunities for those who have not yet...
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 More