Unions promise disruption over budget cuts
The UK population is set to be split between the attractions of UK public-sector budget cuts in the short to medium term against the necessity to reduce the UK debt in the longer term. As a consequence, the unions in the UK are fully expecting a large number of the UK public to support the proposed strike action which will drop into place in the weeks and months ahead. So what will this mean for the UK economy?
While there's no doubt that many people believe the UK government is pushing ahead too quickly with too heavy austerity measures there is also no doubt that strike action will have an impact upon the UK economy as a whole. We have seen this in the past and we will see this in the future as the battle for control of the UK public sector continues. David Cameron has said along that he will push to reduce the UK public-sector budget while attempting to balance this with the need to support the economy. Slowly but surely the government is being overwhelmed by negative press comment regarding forthcoming budget cuts and there are rumours the government is putting in place a plan to fight back.
Share this..
Related stories
Brown bullish on economy
Gordon Brown has delivered what is widely expected to be his last Budget speech and has given an upbeat verdict on the British economy.The chancellor is widely expected to have stepped up to the dispatch box for the 11th time today, ahead of what is looking increasingly likely to be a clear road to the Labour leadership.And in his opening comments this lunchtime, Mr Brown delivered a glowing verdi...
Read MoreGovernment to crack down on "Phoenix" insolvency deals
The UK government has announced plans to crack down on a loophole in insolvency laws which has seen many creditors lose out while healthy parts of a fallen business can often be sold on to former directors. These so-called "pre-packed" administrations are becoming more prominent as UK businesses continue to struggle with healthy areas of the business often sold on very quickly to former directors....
Read MoreIs the UK becoming a divided society?
A recent TUC report has suggested that the UK society has become one of the most unequal and diverse in Europe over the last 30 years. In a move which is probably designed to highlight the fact that the rich get richer and the poor get poorer, the study appears to show those in the "middle earners" bracket have seen their incomes fail to keep pace with middle-class workers and those in higher paid...
Read MoreIs Mervyn King On Probation?
As the economic crisis in the UK deepens there is a strong belief that once the economy shows any sign of recovery Mervyn King, the Governor of the Bank of England, will be shown the door. His various committees at the Bank have refused steadfastly to carry out a number of changes which the government has suggested, such as reducing interest rates to refloat the UK economy.
While t...
Lloyd's Of London joins criticism of Lord Turner
Lord Turner has today come under further attack from Lord Levene of Portsoken who is the chairman of the Lloyds of London insurance market. Like so many people in the financial industry, Lord Levene appears to have lost patience with the FSA, and Lord Turner in particular, who appear to be trying to demonise the UK financial sector at every opportunity.
Many people seem to forget th...