asterisk2a + budget2016   46

Reduce £775m bill for temporary Whitehall staff, MPs say
[asking an Apple to be a Pear and then a Banana] But a Cabinet Office spokesman said: "This government is scrutinising spend like never before. We've stamped out excessive spending on consultants and put in place stringent spending controls. The total spend on consultants is still less than half of that in 2009-10."
He said the department was "actively building" skills but sometimes needed specialist expertise quickly on complex projects.
"But we only do this when the key skills are not readily available within the Civil Service and where it delivers better value for taxpayers," he added. //&! Whitehall consultants on £1,000-£2,000 per day - bbc.in/1vi8c0B
austerity  Whitehall  Westminster  UK  HR  human  resources  locum  staff  temporary  staff  temp  staff  consultants  consulting  Consultant  George  Osborne  Tories  nasty  party  Conservative  budget2016 
april 2016 by asterisk2a
Revealed: England faces shortfall of 10,000 primary school places
[ we are not all in it together ] Councils say funding pressure is deepening crisis but Department for Education says free schools will make up the numbers [...] [north and deprived areas] The latest data reveals that the councils facing shortfalls in places by 2019-20 are Bolton, Manchester, Oldham, Leeds, Leicester, Birmingham, Walsall, Bexley, Greenwich, Richmond upon Thames, Sutton and Slough. //&! Poor children need better chance of good school place, says report. High-performing primary schools are under-selecting pupils from low-income families, claims education charity - bit.ly/23AJFFf
staff  shortage  staff  morale  austerity  education  policy  Academy  Nicky  Morgan  Michael  Gove  Council  Public  Services  Social  Services  deprivation  Gini  coefficient  Generationengerechtigkeit  triple-lock  pension  mobility  income  mobility  poverty  trap  child  poverty  food  poverty  fuel  poverty  well  being  poverty  selection  bias  prejudice  snap  judgement  George  Osborne  David  Cameron  budget2015  budget2016  general  election  2015  constituency  Party  Funding  election  campaign  promises 
april 2016 by asterisk2a
IMF urges more spending to boost growth
Fund’s steering committee calls for more forceful stimulus and warns monetary policy alone is not enough //&! http://www.theguardian.com/business/imf //&! bit.ly/1V9pfhD - IMF chief: regulators long 'alarmed' over Panama's handling of taxation. Christine Lagarde responds to Panama Papers revelations, noting that authorities were concerned but did not take ‘expected’ action.
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april 2016 by asterisk2a
A&E delays reach new record level
A&E performance in England sank to a new low in February for the second month in a row, official figures show. [...] And in another sign of growing A&E pressures, a unit in Lancashire is being forced to close overnight from next week because of a staffing crisis. Bosses running the Chorley A&E said they had to take the step because they did not have the doctors to staff the unit. //&! Staff shortage prompts Chorley Hospital A&E temporary closure - bbc.in/1Wta823 //&! Chorley A&E closure: A cautionary tale? [...] [cap on locum staff and doctor pay] Like many A&E units, Chorley relies heavily on locum staff. This is because there is a national shortage of doctors willing to work in emergency departments full time. [...] As one person put it to me: "The problems being experienced in the health services are simply too great to be resolved by knee-jerk government policies - no matter how well intentioned they are." - bbc.in/23xX0yf
NHS  NHS  England  austerity  A&E  A&E  A&E  Budget2016  health  care  demand  OAP  sick  population  health  crisis  babyboomers  diet-related  disease  chronic  disease  premature  ageing  staff  shortage  staff  morale  locum  doctor  locum  staff  Junior  Contract  Junior  Doctors  Jeremy  Hunt  public  health  public  health  policy  prevention  GP 
april 2016 by asterisk2a
Is Stephen Crabb the man to tackle this age of extreme inequality?
The Panama Papers will lead to the dynamiting of Tory credibility, but new work and pensions secretary, Stephen Crabb, is unlikely to prove the saviour of his party’s reputation. [...] Last autumn’s U-turn over cuts to working tax credits was a smoke screen. The axe will fall, only not everywhere, not just yet. From this week, existing universal credit claimants will lose up to £220 a month as the work allowance is pared back faster than the national living wage increases to replace it. [...] Short of taking a vow of poverty and retreating like Charles V to a monastery, there is nothing he can say now that will change the perception that he is at the head of a party that has a fundamental personal interest in preserving the advantages of the 1%.
Stephen  Crabb  nasty  party  tax  credit  Universal  Iain  Duncan  Smith  welfare  reform  welfare  state  poverty  trap  poverty  child  poverty  social  safety  net  sanctions  JSA  ESA  PIP  Disabled  vulnerable  mental  health  austerity  George  Osborne  David  Cameron  Tories  Conservative  Positioning  PR  spin  doctor  manufactured  consent  snap  judgement  prejudice  triple-lock  pension  Generationengerechtigkeit  fairness  bank  bailout  budget  deficit  aggregate  demand  Budget2016  budget2015  general  election  2015  election  campaign  promises  Funding  constituency  Super  Rich  oligarchy  plutocracy  Confidence  Fairy  1%  democracy  food  poverty  fuel  poverty  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  offshore  banking  tax  loopoles  lobby  No  Representation  Career  Politicians  Gini  coefficient  inequality  social  mobility  income  mobility  deprivation  crony  capitalism  shareholder  capitalism  corporate  welfare  HMRC  revolving  door  corporate  tax  rate  capital  gains  tax  DLA  Independent  Living  Fund  Holyrood 
april 2016 by asterisk2a
Future of Steel - Ken Clarke & Paul Mason - BBC Newsnight
[TORIES CRISIS: bedroom tax, JSA sanctions killing people, Food Banks, redefining child poverty and fuel poverty, Independent Living Fund closed, Housing Crisis, tax cut defeat in Lords, mental health, NHS strikes, Hinkley Point C, energy prices, London Airport expansion/3rd runway, ESA cut, PIP cut and resignation of IDS, Brexit splitting the Party, shit world economy, can't touch triple-lock pensions, Academy plans, Panama Papers (British Territory: Bahamas, Cayman & Co).] Now - Tories are victims to their own policy of underinvestment since 2010 of a future-proof economy "long-term predictability" [BREXIT & austerity not predictable]. Energy prices too high, not competitive. Manufacturing never recovered. Monetary policy has run its course (sedative + Chinas credit bubble). policy folly now wholly exposed! AND now they tinker with the idea of picking winners! LOL! nationalising or part-nationalising through guarantees or subsidies on energy price. & youtu.be/QJw24Z-cEoQ
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april 2016 by asterisk2a
Universal credit cuts to lose low-income families up to £200 a month
[ UC is a backdoor welfare cut ] Changes to be introduced on Monday will push more low-paid working families into poverty, charities say. Tens of thousands of low-paid working families can expect to lose up to £200 a month as a result of changes to universal credit introduced on Monday – the first wave of £3bn in welfare cuts that will affect 1m households by 2020. [...] a full-time single parent would have to work a 14-month year. [...] The cuts stem from changes in the work allowance unveiled by the chancellor, George Osborne, in his summer budget a year ago. These drastically reduced the amount people can earn before low-wage top-ups are withdrawn at the rate of 65p per £1 earned.
poverty  child  poverty  poverty  trap  food  poverty  social  mobility  income  mobility  tax  credit  Stephen  Crabb  welfare  reform  welfare  state  tax  free  income  Universal  Iain  Duncan  Smith  DWP  George  Osborne  David  Cameron  austerity  fairness  tax  evasion  tax  avoidance  Super  Rich  1%  neoliberal  neoliberalism  plutocracy  oligarchy  Panama  Papers  Toff  Establishment  Privileged  Whitehall  Westminster  No  Representation  Career  Politicians  nasty  party  Budget2016  budget2015  single-parent  minimum  wage  living  wage  part-time  self-employment  Zero  Hour  Contract  Contractor  low  pay  low  income  working  poor  Precariat  precarious  work  deprivation  attainment  gap  Service  Sector  Jobs  work  allowance 
april 2016 by asterisk2a
What the Panama Papers Tells Us About Global Capitalism
never seen David Cameron red-faced, so much! [...] sold in 2010!? And what was before that time? The time he was a MP!? [...] we are not all in this together, for sure! // book the hidden wealth of nations. - 7-8trn tax evasion and avoidance - not taxed. //&! Rumble - Just like FDR - Bernie Welcomes the GE CEO Hatred... - youtu.be/jT7NIoDS1gw - taking advantage of the tax laws THEY MADE.
Panama  Papers  David  Cameron  George  Osborne  tax  evasion  tax  amnesty  tax  avoidance  Super  Rich  Toff  Privileged  Establishment  Westminster  Whitehall  expense  scandal  No  Representation  Career  Politicians  1%  legal  loopholes  plutocracy  oligarchy  Tories  nasty  party  Richard  Wolff  Conservative  shell  company  offshore  banking  tax  loopoles  budget  deficit  austerity  fairness  Generationengerechtigkeit  neoliberal  neoliberalism  accounting  scandal  corporate  scandal  white-collar  crime  trickle-down  economics  free  market  corporate  tax  rate  Budget2016  self-regulation  underinvestment  squeezed  middle  class  working  poor  Gini  coefficient  child  poverty  corruption  bribery  money  laundering  UK  USA  Bahamas  CaymanIslands  income  distribution  tax  credit  Disabled  vulnerable  babyboomers  triple-lock  pension  DWP  capital  gains  tax  income  tax  receipts  secular  stagnation  western  world  social  mobility  income  mobility  trust  low  pay  shareholder  capitalism  crony  capitalism  low  income  Service  Sector  Jobs  Universal  Basic  class  warfare  disposable  income  discretionary  spending  credit  bubble  economic  history  Gesellschaft  Wertegesellschaft  materialism  consumerism  status  anxiety  pay 
april 2016 by asterisk2a
Tory party’s civil war | FT Comment
[ we are all in this together ] Lionel Barber, FT editor, and Janan Ganesh, political commentator, discuss the turmoil within the UK’s Conservative party, including the resignation of a cabinet minister following the government’s Budget. //&! Cameron’s Panama profits - https://youtu.be/jOm-24n16ik - skill full worded statements, No 10 was under lock-down.
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april 2016 by asterisk2a
Nicky Morgan heckled by teachers, walks off stage in silence - NASUWT Conference 2016
Chris Keates' Response to Secretary of State for Education Nicky Morgan - youtu.be/UAB5X0WYI9s //&! 4:30 - Question time (3/4): Will forcing schools to convert into academies raise standards? (17 Mar 16) - youtu.be/oj7Uky-yVyQ //&! Are Nicky Morgan's "elite teachers" a bad idea? - youtu.be/Y0GNOGj6gV4 - London Academy success is exception. No other Academy outside London had not the turn-around!
education  policy  Academy  Nicky  Morgan  Ofsted  staff  shortage  staff  morale  austerity  David  Cameron  George  Osborne  Council  Public  Services  Social  Services  well  being  child  poverty  poverty  trap  mental  health  deprivation  poverty  food  poverty  Michael  Gove  Budget2016 
april 2016 by asterisk2a
The Week Ahead: the return of the nasty party and a good week for Brexit
David Cameron and George Osborne wanted to cut even more! //&! Nicky Morgan's embarrassing interview over Tory cuts to disabled welfare - youtu.be/hjk06tjx_xQ //&! Jeremy Corbyn - youtu.be/Ain-IP4pHCk //&! IFS: cutting disability benefits to fund tax cuts is a political choice - youtu.be/xVBf9dSa9Mw //&! MANIFESTO Election Campaign Promises - Tories hoist by their own petard over disability cuts - youtu.be/N8VijFKLQek //&! also closed Independent Living Fund - youtu.be/nurjzK5VPAI //& "The electorate don't mind. Those who vote aren't affected." *George Osborne - youtu.be/N8VijFKLQek - WCA to bring down bill by kicking people off was a pipedream & Universal Credit is a real cut in benefits. //&! Nicky Morgan's nightmare defending Osborne's nasty budget - youtu.be/Y9YNcQF4t8I - 12bn cuts were promised in Manifesto 2015. 4.4 tried through PIP. youtu.be/5-3Bp7qzj4Y (pre-election) //& cutting corporation tax (& capital gains tax) - youtu.be/gZ6qNHLnbs0 &! Analysis - youtu.be/v-qmvI9s3pE
Iain  Duncan  Smith  Brexit  Tories  Conservative  Party  DWP  austerity  George  Osborne  David  Cameron  Toff  dogma  ideology  Establishment  general  election  2020  economic  history  recovery  tax  credit  ILA  PIP  Universal  Budget2016  Westminster  Whitehall  ESA  tax  cut  welfare  reform  welfare  state  social  safety  net  Disabled  vulnerable  JSA  sanctions  PR  spin  doctor  Positioning  manufactured  consent  bank  bailout  budget  deficit  corporate  tax  rate  capital  gains  tax  Boris  Johnson  Gini  coefficient  social  mobility  income  mobility  inequality  child  poverty  fuel  poverty  Generationengerechtigkeit  fairness  poverty  trap  education  policy  Academy  Nicky  Morgan  Michael  Gove  Ofsted  nasty  inheritance  tax  Manifesto  general  election  2015  IFS  OBR  Fiscal  Pact  Schuldenbremse  triple-lock  pension  babyboomers  NHS  constituency  Party  Funding  property  bubble  constituency  babyboomers  pension  obligation  WCA  Foodbank 
april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
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april 2016 by asterisk2a
Budget 2016: Four key numbers - BBC Newsnight
weaker outlook for income tax receipts & economy/global economy >> OBR has done 'no projections' on impact of Brexit: Robert Chote - BBC Newsnight - youtu.be/A0jvIUKTU1U //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw - "WE HAD THE BIGGEST BANK BAILOUT" //&! NICKY MORGAN ON TORY WELFARE ROW - BBC Newsnight - youtu.be/IC_Yhggk62o
Budget2016  OBR  secular  stagnation  income  tax  receipts  productivity  gap  recovery  economic  history  Richard  Koo  Brexit  Schuldenbremse  Fiscal  Pact  general  election  2020  austerity  underinvestment  business  confidence  job  creation  Service  Sector  Jobs  low  pay  low  income  working  poor  tax  credit  Zero  Hour  Contract  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK  fairness  Generationengerechtigkeit  pension  obligation  triple-lock  pension  bank  bailout  trickle-down  economics  dogma  ideology  Richard  Koo  Privatisation  free  market  demographic  bubble  poverty  child  poverty  food  poverty  ESA  Disabled  vulnerable  DLA  PIP  DWP  Iain  Duncan  Smith  sanctions  JSA  social  housing  affordable  housing  Crisis  property  bubble  welfare  state  welfare  reform  Universal  housing  benefit  social  safety  net 
march 2016 by asterisk2a
George Osborne: A profile of the man behind the Budget - BBC Newsnight
// 70% of UK economy growth (GDP), 2015, was consumption. // and trade deficit/current account deficit for 2015, biggest ever on record ---- The UK's current account deficit widened to a record high in the final quarter of last year.
The deficit in the three months to December was £32.7bn, the equivalent of 7% of GDP, said the Office for National Statistics (ONS).
For all of 2015, it came to £96.2bn or 5.2% of GDP. Both figures were the highest since records began in 1948.
A current account deficit means the value of imports of goods, services and investment income exceeds exports.[...] "An obvious potential trigger for the markets losing confidence in the UK economy could be a vote to leave the EU in the 23 June referendum." [ harder to finance w weak Sterling and higher interest rates, rating agencies hinted at the case of a downgrade of UK's credit worthieness ] - bbc.in/1ZMEvAg
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march 2016 by asterisk2a
George Osborne held secret talks with EU enemy Michael Gove to bring the Tories 'back from the brink' after disastrous week Read more: http://www.dailymail.co.uk/news/article-3511281/George-Osborne-held-secret-talks-EU-enemy-Michael-Gove-bring-Tories-bri
Mr Osborne and Mr Gove are on opposite sides of the referendum debate and the Chancellor has been accused of ‘scaremongering’ by the Justice Secretary’s Vote Leave campaign.
The pair are also tipped to go head-to-head in one of the three televised EU referendum debates and could even be the stars for their respective campaigns at the BBC’s Wembley Arena debate a week before the vote.
The Prime Minister had already admitted to MPs on Wednesday evening that it had been a ‘tough week’ for the Government but urged the party ‘not to lose sight of what we can do’.
Brexit  Budget2016  Tories  Conservative  Party  nasty  general  election  2020  Michael  Gove  DWP  Iain  Duncan  Smith  George  Osborne  austerity  Boris  Johnson 
march 2016 by asterisk2a
Schools Minister Nick Gibb gets a grilling on new academy plan - Newsnight
[ multi-Academy Trust ] Schools Minister Nick Gibb explains the government's new academy plan for schools in England - and faces tough questions from presenter James O'Brien and policy editor Chris Cook. // Outside of London, there are no Academy Trust Chain's that are meeting gov targets. More power removed from Councils/Local Authority into Westminster/Education Secretary/Department for Education and has bad record itself to manage its budget and improve outcomes. // Academies won't do better in deprived areas ...
Academy  budget2016  Privatisation  Nicky  Morgan  Council  austerity  planning  Public  Services  Social  Services  Michael  Gove  Ofsted  Primary  School  staff  shortage  staff  morale  education  policy  Workers  Union  Trade  Union  deprivation 
march 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
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march 2016 by asterisk2a
Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight
turning a banking crisis into a budget deficit blowout and blaming it on poor working age people with some benefits to their name. //&! What will it be the Budget be remembered for? DEBATE - BBC Newsnight - youtu.be/iOrhLL-Pe3E - productivity is about increasing public and private investment, and private investment has been falling year after year. tax cuts ie corporate tax rate, do not increase private investment. and household debt/consumer debt/credit car/car loan/student debt is rising and rising, taking up the slack that Osborne is cutting from the budget.
budget2016  budget2010  bank  bailout  austerity  budget  deficit  economic  history  Richard  Koo  UK  GFC  George  Osborne  Sajid  Javid  dogma  ideology  income  tax  receipts  corporate  tax  rate  HMRC  tax  evasion  tax  avoidance  DWP  fairness  Generationengerechtigkeit  triple-lock  pension  pension  obligation  babyboomers  recovery  aggregate  demand  shareholder  capitalism  secular  stagnation  neoliberal  neoliberalism  trickle-down  economics  free  market  Positioning  PR  spin  doctor  George  Osborne  David  Cameron  budget2015  Fiscal  Pact  Schuldenbremse  Brexit 
march 2016 by asterisk2a
Iain Duncan Smith resigns: Why? What next? - BBC Newsnight
youtu.be/e2XyYgkYNFE - Resignation stuck a knife into George Osborne. // working age on the bottom of the pile bore the burden of austerity. [...] weakness of labour party could mean Conservative will be in power for a long time. [...] this is big shot of Tory-out vs Tory-in. They wanted Osborne to fail. // tax credits, Google Tax Deal, ESA, PIP/DLA, .... //&! Iain Duncan Smith First interview since his shock resignation - youtu.be/hr5-WbzevyM &! youtu.be/ntKf3HtVNxs - lower gov income (income tax receipts and corp tax) pushed things ahead. No 10 ran DWP ... // Marr Show papers: IDS's resignation and budget shambles (20 Mar 16) - youtu.be/ZkNOxXZW9Kw //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw //&! Iain Duncan Smith Resignation Nothing To Do With EU - youtu.be/MJr2WmVtV1c &! youtu.be/_nAHvGZYkfY &! youtu.be/kvmOPZ0wP3o &! youtu.be/Hu_pnQBITPI
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march 2016 by asterisk2a
Academy trust lauded by Cameron in 'serious breaches' of guidelines
Investigation into Perry Beeches academy trust finds serious concerns about financial management, control and governance [...] An academy trust singled out for praise by David Cameron and both current and former Conservative education secretaries has been given a financial notice to improve, after an investigation found “serious breaches” of guidelines.

Government reports raised concerns about potential conflicts of interest involving Perry Beeches academy trust and companies linked to some of its senior administrators. They also found problems with the number of pupils declared as eligible for free school meals. [...] The previous year, Gove was told the Conservative party conference: “There are some amazing schools in Birmingham, there are some great independent schools, there are some great grammar schools, but I have to say the best schools in Birmingham are Perry Beeches I and Perry Beeches II.”

The current education secretary Nicky Morgan has also spoken favourably about the trust.
Academy  education  policy  budget2016  George  Osborne  Nicky  Morgan  Michael  Gove  staff  staff  morale  Privatisation  UK  austerity  underinvestment  PISA  Ofsted  shareholder  capitalism  crony  capitalism  general  election  2020 
march 2016 by asterisk2a
Hey Britain – Your Kids Have Just Been Privatised
"Thatcher said the problem with socialism is that you run out of other people money. Henry VIII will tell you the problem with crony capitalism is you eventually run out of other people’s assets to sell." [...] In George Osborne’s mercurial March 2016 budget he showed his own Machiavellian sleight of hand. He is now seen as a politician whose leadership ambitions come before the welfare of the British people. Osborne’s allegiance is to The City not the country. When he and Peter Mandelson holidayed on financier Nat Rothschild’s yacht do you think they talked about free school meals and increasing the economic opportunities of the people in Grimsby? [...] Look at his actions and we see that one of Osborne’s aims is to reinstate the class divisions that began to ebb away with socially progressive policies. This last budget sought to weave a line into the fabric of society between the haves and have-nots. [...] We are at the end of the debt cycle and there’s nowhere else to go. [...] This is not the budget for the next generation of young people. This is the budget for the next generation of rent-seekers, moneymen and crony capitalists.
education  policy  Privatisation  UK  budget2016  Michael  Gove  Nicky  Morgan  George  Osborne  David  Cameron  PISA  Iain  Duncan  Smith  DWP  Gini  coefficient  deprivation  poverty  trap  austerity  Council  income  tax  receipts  secular  stagnation  child  poverty  food  poverty  social  mobility  income  mobility  PR  Positioning  spin  doctor  neoliberal  neoliberalism  trickle-down  economics  dogma  ideology  underinvestment  Richard  Koo  property  bubble  Tony  Blair  constituency  babyboomers  pension  obligation  triple-lock  pension  Generationengerechtigkeit  infrastructure  investment  competitiveness  fairness  rentier  rent-seeking  Ofsted  crony  capitalism  shareholder  capitalism  shareholder  value  profit  maximisation  Wall  Street  profit  maximization 
march 2016 by asterisk2a
How damaged is George Osborne by IDS resignation?
George Osborne: chief tactician and patron, a man whose word makes or wrecks careers.
That was the view of many Tory MPs for a very long time.
Now, many doubt he will ever be their leader, or even the chancellor much longer.
It's not that they think David Cameron is poised to sack him or that he's about to resign, as Labour demand.
They simply believe a swift leadership election is highly likely whatever the result of 23 June's EU referendum. If it does come that soon there will be, one predicts, a "genocide of the Cameroons and Osbornites".
A stubbornly enduring deficit, a tax credit U-turn, and the sheer numbers of MPs who have chosen to back a leave vote at the referendum have seen Osborne's authority leak.
A weekend of melodrama has - in one Tory MP's view - burst the dam.
George  Osborne  budget2016  Iain  Duncan  Smith  Tories  Conservative  Party  nasty  Brexit  austerity  Boris  Johnson  Westminster  Toff  Establishment  Privileged  secular  stagnation  dogma  ideology  aggregate  demand  Richard  Koo  economic  history  budget  deficit 
march 2016 by asterisk2a
Pensions stance creates budgetary mayhem
Disability benefits: they are forecast to increase by £2bn over the next five years. Could do something there. Sickness benefits: they are predicted to rise by about £1bn. Might be able to save some of that. But what's this? It's rising by £15bn over the coming five years. That's the one. Off our Martian goes to see the chancellor. "What are pensions?" she asks. That is the problem the government is struggling with. Its political refusal to touch pensions, or pensioner benefits, has in a stroke protected the single biggest cost in the welfare budget. And the cost that is rising the most. [ AND ADD INTO THE SAME BUCKET THE NHS and PUBLIC HEALTH BUDGET! ] Welcome to your new job, Stephen Crabb.
DWP  Iain  Duncan  Smith  pension  obligation  Tories  Conservative  Party  Party  Funding  constituency  austerity  budget2016  budget2015  babyboomers  PIP  DLA  ESA  general  election  2015  general  election  2020  election  campaign  promises  George  Osborne  David  Cameron  Stephen  Crabb  Generationengerechtigkeit  fairness  aggregate  demand  secular  stagnation  OAP  demographic  bubble  ageing  population  NHS  public  health  health  care  budget  health  care  cost  health  care  spending  sick  population  health  crisis  Universal  Credit  Richard  Koo  Schuldenbremse  dogma  ideology  Fiscal  Pact  European  Union  trickle-down  economics  free  market  neoliberal  neoliberalism  policy  folly  policy  error  welfare  reform  welfare  state  social  safety  net 
march 2016 by asterisk2a
Stephen Crabb: 'No further plans' for welfare cuts
BIG BREAKDOWN W INFOGRAPHIC OF THE BUDGET and DWP Budget // A Downing Street spokesman said the government would still deliver on its commitment to save £12bn from welfare by the end of the Parliament in 2020. [...] The Conservative leadership has been under fire - including from some of its own backbenchers - over the cuts to disability payments, which came at the same time as tax cuts for higher earners.
Mr Duncan Smith - who resigned on Friday - said this flew in the face of Mr Cameron and Mr Osborne's oft-repeated claim that "we are all in this together". [...] [ CAMERON ] "None of this would be possible if it wasn't for the actions of this government and the work of the chancellor in turning our economy around." //&! No more welfare cuts, for now - bbc.in/1pGxCV4 - still 2015 budget post-election had £12bn in the card!
budget2016  DWP  Iain  Duncan  Smith  Stephen  Crabb  PIP  DLA  tax  free  income  David  Cameron  George  Osborne  Richard  Koo  aggregate  demand  income  tax  receipts  budget2015  ESA  House  of  Lords  Disabled  vulnerable  tax  credit  child  tax  credit  working  tax  credit  working  poor  Precariat  precarious  work  Zero  Hour  Contract  Contractor  part-time  child  poverty  Gini  coefficient  social  mobility  income  mobility  education  policy  Nicky  Morgan 
march 2016 by asterisk2a
Disability benefits U-turn leaves Cameron with £4.4bn to find
David Cameron has been forced to concede that a £4.4bn black hole created by the U-turn over disability benefits will not be filled by further cuts to welfare as he fought to shore up his credibility following the shock resignation of Iain Duncan Smith. The spending climbdown was announced on Monday by Stephen Crabb, the new work and pensions secretary, an hour after Cameron addressed the political crisis engulfing the Conservative party by offering his support to George Osborne and praise for the work of Duncan Smith. [...] but the Treasury clarified the remarks by stressing that there were no plans to fill the £4.4bn gap caused by dropping PIP reforms with further cuts in welfare spending. &! bbc.in/1S10VIg
budget2016  austerity  PIP  DLA  ESA  DWP  welfare  reform  welfare  state  Iain  Duncan  Smith  social  safety  net  poverty  trap  poverty  child  poverty  George  Osborne  David  Cameron  Stephen  Crabb  PR  positioning  spin  doctor  Tories  Westminster  Brexit  Boris  Johnson  Constituency  Party  Funding  general  election  2020  general  election  2015  Manifesto  fairness  Generationengerechtigkeit  babyboomers  dogma  ideology  trickle-down  economics  Free  Market  aggregate  demand  policy  folly  policy  error  Disabled  vulnerable  NHS  mental  health 
march 2016 by asterisk2a
Sugar tax: How bold is it?
[Gov still wants to carry out a consultation = Watered down by Food Lobby ] But the more important question is whether this will have an impact on child obesity rates. One in 10 children start primary school obese. By the end, one in five are obese. If you add in those who are overweight, it's one in three. [...] our diets are simply not good enough. [...] Food Foundation produced a model of a typical family's diet. [...] consumed too much sugar and saturated fat and too little fibre, fruit, vegetables and oily fish. [...] However, this should not be seen in isolation. The government is expected to publish its much delayed child obesity strategy in the summer. That could include restrictions on advertising and marketing, as well as a sustained campaign to reduce the sugar content of foods and drinks across the board.
Sugar  Tax  Food  Politics  Big  Sugar  obesity  epidemic  obesity  child  abuse  sick  population  health  crisis  diabetes  chronic  low-grade  inflammation  cancer  sedentary  lifestyle  Meat  Industry  carcinogen  carcinogenic  dietary  cholesterol  heart  disease  metabolic  syndrome  health  care  budget  health  care  cost  health  care  spending  Dairy  Industry  Poultry  Industry  Egg  Industry  processed  engineering  Standard  American  Diet  Fiber  diet-related  disease  chronic  disease  western  western  lifestyle  pattern  Lobbying  lobby  lobbyist  nanny  state  carbon  Simon  Stevens  Jeremy  Hunt  George  Osborne  David  Cameron  budget2016  animal  protein  animal  fat  saturated  fat 
march 2016 by asterisk2a
Work and Pensions Secretary Iain Duncan Smith QUITS Cabinet with vicious swipe at George Osborne over shambolic disability benefit cut U-turn Read more: http://www.dailymail.co.uk/news/article-3499499/Work-Pensions-Secretary-Iain-Duncan-Smith-QUITS-Cabin
[ we are all in this together ] [IDS PIP cuts] 'not defensible' alongside the tax breaks for the wealthy in this week's Budget. [...] He branded slash in benefits for the disabled as being 'indefensible.' IDS hit out at Osborne for lack of awareness and for letting the welfare system be 'salami-sliced' [...] 'I am unable to watch passively whilst certain policies are enacted in order to meet the fiscal self-imposed restraints that I believe are more and more perceived as distinctly political rather than in the national economic interest,' he wrote. The former Tory leader and standard-bearer for the Eurosceptic Right of the party admitted he wanted to cut benefits enjoyed by wealthy pensioners, but these plans were blocked by the Chancellor and the Prime Minister. [...] Mr Duncan Smith believed the Chancellor was too sly and devious in the way he went about balancing the nation’s books. [ Osborne wanted also to increase VAT Solar Panels ]
Iain  Duncan  Smith  DWP  PIP  budget2016  tax  evasion  tax  avoidance  tax  code  Brexit  general  election  2020  David  Cameron  Leadership  Tories  Conservative  Party  nasty  Manifesto  general  election  2015  election  campaign  promises  Jeremy  Hunt  austerity  welfare  reform  welfare  state  social  safety  net  babyboomers  Generationengerechtigkeit  fairness  Disabled  vulnerable  dogma  ideology  neoliberal  neoliberalism  tax  credit  child  tax  credit  working  tax  credit  trickle-down  economics  economic  history  Richard  Koo  industrial  policy  aggregate  demand  secular  stagnation  demographic  bubble  ESA  JSA  poverty  trap  poverty  child  poverty  DLA  solar  energy  solar  power  policy  folly  policy  error  Career  Politicians  Nicky  Morgan 
march 2016 by asterisk2a
Budget 2016: the productivity and prosperity puzzle
It wasn't so much "here's a rabbit from the hat" but more: "look over there - a squirrel!" [...] [Productivity] turned out disappointingly again. And that's knocked back the growth estimates for the economy, as well as for pay, for tax revenue, and for company profits over the rest of the decade.
Britain's not alone in that. But keeping company with the USA on such numbers is not that reassuring. [...] And as that is the main, long-term driver of real pay, it means Britain's standard of living will improve from the recession, but at only two thirds of the rate we've come to expect. [ Recovery ] average year saw only 0.1% per year.
budget2016  OBR  forecast  secular  stagnation  austerity  George  Osborne  Brexit  general  election  2020  Tories  nasty  party  Conservative  Positioning  constituency  Funding  Toff  Career  Politicians  Establishment  Privileged  PIP  tax  code  HMRC  tax  evasion  tax  avoidance  industrial  policy  productivity  gap  productivity  output  gap  income  tax  receipts  job  creation  Service  Sector  Jobs  working  poor  tax  credit  low  income  working  tax  credit  low  pay  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK 
march 2016 by asterisk2a
Budget 2016: Higher rate tax cut is 'wrong choice', says Nicola Sturgeon
[we are all in this together ] [ tax cut for one, and cut away +1bn in PIP ] the starting point for paying 40p income tax in the rest of the UK will be raised from £43,000 to £45,000. [...] Scotland's 40p tax payers: 372,000 - Approximate total number. 10% - Working population. £190m Value of 40p tax cut plan. 14,000 Workers removed from rate by cut [...] Shadow Chancellor John McDonnell backed the threshold change.
budget2016  tax  code  austerity  secular  stagnation  PIP  DWP  Iain  Duncan  Smith  vulnerable  Disabled  disability  SNP  Nicola  Sturgeon  George  Osborne  Tories  nasty  party  Conservative  Toff  Establishment  Privileged  social  safety  net  welfare  state  welfare  reform  tax  credit 
march 2016 by asterisk2a
Bank of England blames falling pound on Brexit fears
The BoE said disappointing business investment and the weaker outlook for global trade would offset the impact of a cheaper pound and keep inflation in check in the short term before a rise to its 2% target within the next two years.

The Bank’s nine-strong monetary policy committee (MPC) also unanimously voted to keep its quantitative easing asset purchase scheme on hold at £375bn in response to a mixed bag of indicators that it said would keep GDP growth on an upward, though subdued path. [...] [ BREXIT EFFECT, sterling down] It may also delay some spending decisions and depress growth in aggregate demand in the near term. Overall, however, the committee judges that the outlook for domestic activity to be little changed from the time of the February inflation report,” the MPC said. [...] [ CARNEY ALSO SUPPORTS FISCAL STIMULUS! ]
ZIRP  NIRP  QE  BOE  Mark  Carney  budget2016  UK  wage  growth  nominal  GDP  targeting  inflation  targeting  austerity  fiscal  policy  monetary  policy  George  Osborne  recovery  secular  stagnation  underinvestment  business  confidence  business  cycle  liquidity  trap  Richard  Koo  zombie  consumer  zombie  banks  Brexit  aggregate  demand  economic  history  fiscal  stimulus  Pact  Schuldenbremse 
march 2016 by asterisk2a
Budget 2016: George Osborne's political balancing act
Like Sherlock Holmes, we must look in this Budget for the dogs that do not bark. Four years out from a general election, this is the time in the political cycle when chancellors can take unpopular decisions. A moment, perhaps, for a big reform to our pensions or taxation. Yet the mood music emerging from the Treasury is distinctly adagio. [...] Genuinely radical plans to overhaul pension tax relief have been put on hold for fear of upsetting middle and higher earners. Proposals to cut the 45p top rate of tax are said to have gone the same way. [...] [OBR] is expected to say that the British economy is smaller than the watchdog had expected it would be when it made that prediction. As such, the Treasury would get less than it had expected in tax revenues.
budget2016  George  Osborne  Brexit  general  election  2020  austerity  Career  Politicians  Tories  nasty  party  Boris  Johnson  Conservative  OBR  secular  stagnation  HMRC  income  tax  receipts  Job  Creation  Service  Sector  Jobs  working  poor  low  pay  low  income  squeezed  middle  class  savings  rate  tax  credit 
march 2016 by asterisk2a
Tax rise risk from George Osborne's 'inflexible' budget target - BBC News
[ sounds great as headline, but economically and historically bullshit ] The Institute for Fiscal Studies (IFS) said that Mr Osborne's pledge to run a budget surplus "in normal times" from 2019-20 was simple but would require a "precarious balancing act".
The result could be "big tax rises or spending cuts with very little notice", the IFS concluded. [...] "The rule has the merit of simplicity and transparency but is very inflexible and this could come at a cost," the IFS said. [...] "How he responds to any further unpleasant fiscal surprises may, more than anything we have seen so far, come to define his period as chancellor," said Paul Johnson, director of the IFS.
Schuldenbremse  Fiscal  Pact  austerity  budget2016  policy  error  policy  folly  aggregate  demand  Richard  Koo  IFS  George  Osborne  Career  Politicians 
march 2016 by asterisk2a
Budget 2016: Osborne's economic fitness regime - BBC News
[2015] 80% OF ECONOMY CONSUMER SPENDING! - The economy has enjoyed what Andrew Goodwin of Oxford Economics describes as a "sugar rush" -the equivalent of a big tax cut - or 'fiscal stimulus' - through lower petrol prices. The economy grew by 2.2% last year; 80% of that growth was down to consumer spending. "That [growth] strikes us as some distance below par given the tailwinds we have had," Mr Goodwin says. And after the sugar rush comes the sugar crash: growth is likely to be revised down in the years to come because of global economic weakness.
budget2016  budget2015  George  Osborne  policy  folly  policy  error  zombie  consumer  consumer  debt  household  debt  credit  card  debt  car  loan  student  debt  ZIRP  NIRP  QE  mortgage  rates  mortgage  market  property  bubble  Oil  price  commodity  prices  aggregate  demand  distortion  underinvestment  IFS  OBR  income  tax  receipts  HMRC  job  creation  Service  Sector  Jobs  working  poor  low  income  low  pay  squeezed  middle  class  Consumerism  Industrial 
march 2016 by asterisk2a
George Osborne will be announcing cuts he hopes to avoid making, says think-tank | News | The National
For the Chancellor to keep his promise of ditching the UK’s deficit by 2020, he must find a way to fill a £4bn black hole caused by slower-than-expected growth.

As grim as the economic outlook may be, the Chancellor will be wary of upsetting Tory backbenchers who are already fractious over the fallout of the EU referendum.

Paul Johnson of the IFS told the BBC: “One of the things I am guessing he is going to do is say that these cuts will be planned to happen in 2017 or 2018, and then frankly hope that the numbers move back in his direction before he actually has to implement them. [...] Some of the measures expected to be in the Budget include a change in the way Personal Independent Payments, which are replacing Disability Living Allowance, are calculated. This is expected to save £1.2bn, but will see more than 600,000 disabled people lose out.
austerity  budget2016  George  Osborne  DLA  PIP  DWP  Iain  Duncan  Smith  vulnerable  Disabled  disability  Tories  nasty  party  fairness  UK  secular  stagnation 
march 2016 by asterisk2a
Doctors urge chancellor to increase social care funding - BBC News
In their letter to the chancellor, they describe health and social care as "two sides of the same coin".
The letter describes the impact of an underfunded social care system on the NHS, saying patients fit to be discharged are unable to leave hospital because social support is unavailable at home.
This increases the likelihood of infections and falls, they write.
bed  blocking  austerity  Council  adult  social  care  elderly  care  NHS  OAP  babyboomers  demographic  bubble  sick  population  health  crisis  chronic  diseases  diet-related  diseases  premature  ageing  Simon  Stevens  budget2016  George  Osborne 
march 2016 by asterisk2a
History not on George Osborne's side in move from Treasury to No 10 | Politics | The Guardian
All in all, being chancellor in postwar Britain has been a tough job. There have been four deep recessions, three housing bubbles and umpteen sterling crises. Prime ministers have tended to use their next-door neighbours as enforcers and fall guys: chancellors say no when cabinet colleagues want to increase public spending; they take the blame when things go wrong. //&! How Eurosceptics are stalling George Osborne's ride to No 10. Mapping out his path to the premiership, the chancellor reckoned without many Tory backbenchers – and their buccaneering figurehead Boris Johnson - bit.ly/1Lib2vC //&! In this budget, George Osborne has no room to make any mistakes. The politics of the EU referendum and of the Tory succession mean the chancellor’s future depends on his performance. - bit.ly/1pglDN5
George  Osborne  budget2016  austerity  Brexit  David  Cameron  Boris  Johnson  Westminster  Whitehall  Career  Politicians  Tories  nasty  party  Conservative 
march 2016 by asterisk2a
Nicola Sturgeon says she might not maintain Budget tax cuts - BBC News
Scotland's first minister said the time was not right for George Osborne to make "significant tax cuts for the better off in our society".
Mr Osborne will detail his UK Budget next week.
Holyrood will be able to set the rates and bands of income tax for the first time from April 2017. [...] In the summer of last year, the Conservative politician pledged to increase the starting point of the 40p income tax rate from £42,385 to £43,000.
He also set out his ambition to remove all workers who earn under £50,000 from the 40p bracket by 2020-21.
budget2016  budget2015 
march 2016 by asterisk2a
Could this be George Osborne's last Budget?
In any case, the Out campaign has begun to look as much like an internal Tory party putsch as a principled fight for sovereignty and a better economic future. Those who always mistrusted Cameron and Osborne, regarding them as closet Blairites rather than the true heirs to Thatcher, sense their time has come. By the summer, the Tory high command could look completely different. [...] [Budget2016] more of an exercise in pre-election showmanship than the traditional post-election downer of renewed fiscal discipline and supposedly desirable economic reform. [still] For Osborne, the goal of a balanced budget by the end of the parliament must remain sacrosanct. [...] Don’t risk our economic recovery, will be his underlying message [...] for Cameron and Osborne, this is once more a fight for political survival. //&! ind.pn/21mctLh &! bit.ly/1QJWpjD - If Britain votes against Brexit and the economy stays strong he may yet be the next Prime Minister //&! bit.ly/1Rb24m1
Brexit  nasty  party  David  Cameron  George  Osborne  Tories  Conservative  Toff  Establishment  Westminster  Boris  Johnson  power  play  Whitehall  No  Representation  budget2016  austerity  Career  Politicians  general  election  2020 
march 2016 by asterisk2a
Budget 2016: BBC editors on what to look out for - BBC News
As Chancellor George Osborne prepares to deliver his Budget, political editor Laura Kuenssberg, economics editor Kamal Ahmed and business editor Simon Jack give their tips on what to look out for.
budget2016 
march 2016 by asterisk2a
George Osborne admits privately he DOES want to cut the top rate to 40p - but worries over the EU referendum will put him off at next week's Budget | Daily Mail Online
Chancellor needs to find a way of paying for raising 40p income tax band He has been warned not to target motorists with a rise in fuel duty
austerity  budget2016  George  Osborne 
march 2016 by asterisk2a
Austerity has hit disabled people hardest – now they're fighting back | Public Leaders Network | The Guardian
The charity has accused the council of systemic failures, including removing wellbeing payments without offering an alternative, and raising eligibility criteria for social care so that disabled people who previously received services are no longer able to do so.
adult  social  care  Disabled  disability  OAP  stroke  heart  attack  heart  disease  premature  ageing  ageing  population  demographic  bubble  social  safety  net  welfare  state  Council  austerity  Public  Services  Services  DWP  ESA  Iain  Duncan  Smith  David  Cameron  George  Osborne  elderly  care  general  election  2015  election  campaign  promises  Manifesto  Westminster  Whitehall  Toff  Establishment  Privileged  fairness  budget2015  budget2016 
march 2016 by asterisk2a
House of Lords votes to keep income-related child poverty measures | Society | The Guardian
[ trying to redefine poverty! ] Iain Duncan Smith, the work and pensions secretary, announced the proposals in July, prompting dismay among child poverty charities. He said the government would scrap its measurement of child poverty and the aim to eradicate it by 2020, while replacing it with a new duty to report levels of educational attainment, worklessness and addiction. Under his plans, the old measurement, based on the percentage of households with below-average income, would continue to be published as a government statistic but would no longer be seen as a target. However, peers voted by 290 to 198 to keep the targets, in a move to prompt the House of Commons to think again. [...] [ TRICKLE-DOWN! ] David Freud, the welfare minister, opposed the amendment on behalf of the government, saying “life chances” indicators were a better way of monitoring what was happening and of directing resources most effectively to tackle the problem.
Iain  Duncan  Smith  child  poverty  poverty  David  Cameron  George  Osborne  nasty  party  Conservative  Tories  DWP  tax  credit  working  poor  precarious  work  Precariat  education  policy  deprivation  attainment  gap  post  code  lottery  general  election  2015  Manifesto  constituency  Funding  long-term  unemployment  youth  unemployment  structural  unemployment  Toff  Westminster  Whitehall  Establishment  Privileged  ESA  vulnerable  Disabled  disability  No  Representation  austerity  Council  Social  Services  Public  Services  child  tax  credit  working  tax  credit  Zero  Hour  Contract  Contractor  low  pay  low  income  minimum  wage  apprenticeships  trickle-down  economics  neoliberalism  neoliberal  self-employment  Gini  coefficient  mobility  downward  mobility  income  mobility  recovery  job  creation  squeezed  middle  class  secular  stagnation  budget2015  budget2016 
march 2016 by asterisk2a
Lords rebuff Tory plan to cut ESA for second time | Politics | The Guardian
[ trying to redefine who deserves something for nothing, and disability ] Peers defeat government again over proposed £30-a-week cut to benefits for ill and disabled found ‘unfit to work.’ The House of Lords has defeated the government again over welfare reform and work bill proposals to cut £30 a week from the benefits of ill and disabled people who have been found unfit to work. Peers passed an amendment that calls on ministers to deliver a formal assessment of the likely impact of the cut on the health, finances and work prospects of hundreds of thousands of claimants, who will see their unemployment benefits reduced by £1,500 a year. [...] there is no evidence that the proposed cut would help ESA Wrag recipients get back into employment, while campaigners say the cut will push claimants further into poverty. [...] The government estimates that the cut would save the Treasury £1.4bn over four years. [ vs tax avoidance of ~20bn a year ] &! bit.ly/1T621bN &! bit.ly/1Lx6PyH
DWP  Iain  Duncan  Smith  Toff  ESA  disability  Disabled  vulnerable  mental  health  George  Osborne  Tories  nasty  party  austerity  Conservative  Westminster  Whitehall  No  Representation  poverty  trap  food  poverty  poverty  child  poverty  misrepresentation  spin  doctor  PR  Positioning  bank  bailout  dogma  ideology  tax  evasion  tax  avoidance  trickle-down  economics  neoliberalism  neoliberal  David  Cameron  Gini  coefficient  tax  credit  budget2015  budget2016 
march 2016 by asterisk2a
Budget 2016: What will the chancellor do to pensions? - BBC News
[ changing system to collect taxes earlier, he needs some more tax income now, rather than in 40-50 years from now. ] Now, ahead of the budget on 16 March, the pensions industry is again on the edge of its seat. Amongst the rumours: The chancellor is about to abolish the 25% tax-free lump sum; the maximum annual contribution could be cut to as low as £25,000; or the whole tax relief system could be abolished, in favour of an Isa-style system of tax upfront, but tax free on the way out. So what are the chancellor's options - and which is he likely to favour? [...] After all, the title of the Treasury's consultation is: "Strengthening the incentive to save". Furthermore one Treasury minister confirmed to the BBC that this will be the main focus of the changes.
budget2016  HMRC  pension  scheme  public  pension  pension  obligation  pension  fund  George  Osborne  Tories  Conservative  Party  Policy  Makers  austerity  constituency  Party  Funding  babyboomers  ageing  population  demographic  bubble  secular  stagnation  savings  rate 
february 2016 by asterisk2a

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