asterisk2a + grant   40

Driving students away from nursing is a spectacular act of political self-harm | Polly Toynbee | Opinion | The Guardian
With 40,000 nursing vacancies unfilled, the news that training applications are down by 23% is disastrous for the NHS [...] It reckons that in all over the past 10 years, 400,000 people who would have studied part-time in higher education have been deterred from doing so. [... can really re-pay the fees working for nurse salary + the jobs commitment ... + working 50% of their time training! ] [...] Janet Davies, head of the Royal College of Nursing, warns that nurses’ attitudes will alter once they are paying heftily for their training: “They will demand better clinical placements and their relationship with the NHS will change: carrying a heavy debt to get qualified, they will feel less obligation to work in the NHS.” The government promised that imposing fees on trainee nurses would see an increase of 10,000 new training places; none have been provided.
NHS  bursaries  Austerity  education  policy  debt  student  loan  tuition  fee  maintenance  grant  poverty  staff  shortage  locum  agency  skills  gap  Tories  George  Osborne  Jeremy  Hunt  Simon  Stevens  David  Cameron  Privatisation  PFI  trap  productivity  output  neoliberalism  neoliberal 
july 2017 by asterisk2a
Andrea Leadsom’s pitch for the Tory leadership: our writers’ verdict | The panel | Opinion | The Guardian
But Leadsom staked out more terrain on the left. Workers’ rights previously guaranteed by the EU would be safe and even “enhanced”. Top boardroom pay was often undeserved and needed to be reined in. If there was money to give away, it would go on tax cuts for the lowest paid: “The richest people in Britain will not be my priority.” //&! blogs.spectator.co.uk/2016/07/want-guide-britain-sunlit-uplands-full-text-andrea-leadsoms-leadership-speech/ &! youtu.be/ezy1WUTUYE8 //&! I will do everything in my power to keep the United Kingdom United. [ may replace/upgrade the block grant to make up for lost EU funding and extra. to avoid indyref 2 ] [...] But my real passion in politics is my desire for social justice – for a transformation of our society. [...] and my absolute commitments it to the emotional health of our nation. [ she really takes centre ground! ] //&! Liam Fox - amfox.co.uk/news/new-priorities-new-vision &! theguardian.com/politics/conservative-leadership
Brexit  Tories  Conservative  Party  Andrea  Leadsom  Theresa  May  Nicola  Sturgeon  Indyref  2  block  grant  Barnett  Formula  Holyrood  Scotland  Centrist  Stephen  Crabb  Liam  Fox  Conservative  Leadership  Election 
july 2016 by asterisk2a
Plan to end student grants without Commons vote outrages opposition | Politics | The Guardian
[ shifting public debt onto private debt balance sheet. = no vision! debt is still there in economy! paying higher interest rates. -- vs -- bankers gambling debt put on public balance sheet! ] Ministers have been accused of an “outrageous” attempt to sneak through their proposals to end student grants in England without proper scrutiny by MPs. The plan to scrap maintenance grants, which help half a million of the poorest students pay for university life, will go through a legislation committee on Thursday, without a vote and debate on the floor of the House of Commons. [...] Labour is opposing the change and the lack of scrutiny. Gordon Marsden, the shadow universities minister, said it was “not simply technical tinkering but a major change by the government that will deprive around half a million of England’s students from lower income and disadvantaged households, of maintenance grant funding”. // &! NHS nurse bursaries - ind.pn/1IYHYbk &! bit.ly/1IWZJI0 &! bbc.in/1RAhLRv
social  mobility  income  mobility  Gini  coefficient  household  debt  discretionary  spending  disposable  income  student  loan  debt  student  loan  Bubble  poverty  trap  poverty  child  poverty  tax  credit  education  policy  post  code  lottery  affordable  housing  social  housing  University  College  Maintenance  Allowance  Maintenance  Grant  NHS  Bursaries  Career  Politicians  No  Representation  democracy  social  democracy  bank  bailout  austerity  GFC  fairness  Generationengerechtigkeit  NHS  budget2015  nasty  party  Tories  Conservative  George  Osborne  David  Cameron  Manifesto  general  election  2015  election  campaign  promises  babyboomers  Super  Cycle  2016  debt  servitude  consumer  debt  credit  card  debt  debtoverhang  student  debt  fiscal  policy  economic  history  moral  beliefs  ethics  Toff  Privileged  Establishment  inequality  Super  Rich  1%  plutocracy  oligarchy  squeezed  middle  class  working  poor  Precariat  Crisis  cost  of  living  low  income 
january 2016 by asterisk2a
Student nurses and midwives protest over grants cut - BBC News
Student nurses and midwives have marched in protest at the government's decision to scrap their bursaries in England and replace them with loans. [...] The Royal College of Nursing said fear of debt would put people off training. // shifted another budget item off the publics balance sheet onto private balance sheet. //&! Spending Review: Grants for student nurses are being scrapped - bbc.in/1jk5kLW //&! NHS nursing levels: Nine in 10 hospitals missing targets - The vast majority of hospitals in England are struggling to recruit enough nurses, figures show. Some 92% of the 225 acute hospital trusts in England did not manage to run wards with their planned number of nurses during the day in August. The figures, published by the NHS, show that hospitals in England are falling short of their own targets for levels of safe staffing. - bbc.in/1Pfuzuq
budget2015  PR  Positioning  spin  doctor  George  Osborne  Jeremy  Hunt  austerity  NHS  staff  shortage  staff  morale  locum  staff  tories  nasty  party  Conservative  David  Cameron  general  election  2015  election  campaign  promises  constituency  babyboomers  Generationengerechtigkeit  education  policy  social  mobility  income  mobility  Gini  coefficient  student  loan  debt  student  loan  Bubble  Maintenance  Allowance  Maintenance  Grant  poverty  trap  disposable  income  discretionary  spending  debt  servitude  consumer  debt  credit  card  debt  debtoverhang  student  debt  Super  Cycle  household  debt  private  debt  UK  output  gap  recovery  2015  2016  sovereign  debt  crisis  Privatisation 
january 2016 by asterisk2a
Osborne warns of 'dangerous cocktail' of economic risks - BBC News
[ repeat phrases - "strong economy", "strong economy, strong NHS" ] The UK faces a "cocktail" of serious threats from a slowing global economy as 2016 begins, Chancellor George Osborne has warned. Speaking in Cardiff, Mr Osborne said this year is likely to be one of the toughest since the financial crisis. He told business leaders that far from "mission accomplished" on the economy, "2016 is the year of mission critical". His message is in stark contrast to the positive tone of his Autumn Statement, when he said the UK was "growing fast". [...] that the Autumn Statement had put in place a four-year plan to restore the UK's public finances, and make the economy more productive, with businesses more competitive so they could create jobs. [...] Mr Osborne told the Today programme the UK's economic recovery was not "a debt-fuelled recovery", citing the support of the governor of the Bank of England in his assessment. [ not public, but private household debt! ]
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january 2016 by asterisk2a
BBC Radio 4 - Money Box, Student Finance - Necessary reform or the betrayal of a generation?
Student Finance - Necessary reform or the betrayal of a generation? Lord Willets, former Minister for Universities and Science and Sally Hunt, General Secretary of the University and College Union give their view on George Osborne’s plans. // shifting an item off the public balance sheet that he is held accountable, reducing the budget deficit. and the payback rate (threshold) is not progressive, gradual. the 9% added tax rate is fixed, after earning 21k. 29% tax vs 20%. also scheme does not subsidies interest rates as much as you would expected, as the state can loan at lower rates. broken also conditions at 2012, letters said conditions could change.
Student  Maintenance  Grant  budget2015  UK  austerity  George  Osborne  Career  Politicians  neoliberalism  neoliberal  social  mobility  income  mobility  Gini  coefficient  poverty  trap  debt  servitude  trickle-down  economics  education  policy  Generationengerechtigkeit  fairness  Tories  Conservative  Party  subsidies  subsidizing  inequality  income  inequality  STEM  attainment  gap  underinvestment  productive  investment  skills  gap  capital  skills  productivity  output  gap  job  creation 
december 2015 by asterisk2a
Economy concerns as household debt rises to £40bn in latest figures | Business | The Guardian
Families are expected to run up £40bn of debt this year, sparking fears about Britain’s economic recovery. [...] (OBR) forecasts have found that households have moved from a surplus of £67bn in 2010, the year the coalition took power, to a £40bn deficit this year. Unsustainable borrowing is on course to near the levels reached in the run-up to the 2008 financial crash, according to Labour. Seema Malhotra, the shadow chief secretary to the Treasury, said: “George Osborne is relying on millions of British families going further into debt to hit his growth targets. [ as projected by economists, that household had to take up debt, shifting debt burden off the public balance sheet, when austerity plans were revealed together with LibDems, to meet growth targets/estimates, back then. same w decistions to increase student loans, convert grants into loan ie for nursing, remove allowances and grants. same w the green bank. shifting items off the balance sheet. and underinvestment. ]
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december 2015 by asterisk2a
Will scrapping nurse bursaries help or worsen NHS staffing crisis? | Healthcare Professionals Network | The Guardian
[ moving another item off the books/balance sheet onto others, in this case, the private purse. and when tories came to power together with lib dems - they did cut part of funding for places ] Plans to axe bursaries and replace them with loans have been condemned by unions, but universities say they will lead to more training places for nurses, midwives and allied health professionals [...] Unions fear a loan system will be an obstacle to people from poorer backgrounds and career changers. Midwifery in particular attracts a large number of mature students over 29 – many of whom bring with them vital existing experience of childbirth – but are already saddled with debt from a first degree. //&! bit.ly/1HNLIMj
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december 2015 by asterisk2a
Disabled students fear loss of essential support - BBC News
[ easy thing to move double digit spend off balance sheet onto someone else's - Career Politicians trick ] "Disabled students should be allowed equal opportunities to non-disabled students and to put it bluntly, the cuts to DSA limit our futures. "Having discussed the cuts to DSA with deaf and other disabled students I have seen a trend in a loss of hope. These students, myself included, feel disregarded by the government and our access to higher education has been unjustly restricted." [...] The National Union of Students fears small, specialised institutions will struggle to meet the costs. Disabled students' officer Maddy Kirkman said the changes risked inconsistency in support and complained the government had ignored these concerns. [...] The Green party said the changes amounted to a £70m cut to support for disabled students. [...] She warned that disabled students could "fall into a no man's land" with government and universities each claiming it is the other's responsibility.
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december 2015 by asterisk2a
Government facing defeat in Lords over tax credits | Politics | The Guardian
Tim Farron instructs peers to back fatal motion, greatly increasing chances of government being defeated //&! bit.ly/1NlQDCE - Live Ticker of that Day: Former shadow business secretary Chuka Umunna says that while state subsidy going to employers to top-up low wages is not desirable, it is the order of the government’s policy that is the problem, ie. cutting tax credits before the wages go up enough. [ << SHOWING HOW LITTLE EVERYDAY MORALITY, ETHICS, HUMILITY, MENSCH, COMPASSION AND SENSIBILITY TORIES HAVE. ] //&! MP Heidi Allen warns tax credit cuts 'betray' Tory values [...] cutting peoples cloth when there is no cloth. - bbc.in/1LlzFDQ [...] want "transitional" arrangements [...] [MP Heidi Allen] said her party must not treat it as "a spreadsheet exercise" since many of those affected would not be able to cope and faced a stark choice between heating their homes and putting food on their tables. //&! bit.ly/1jRP9WJ &! bit.ly/1M6zk5j - Who is MP Heidi Allen?
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october 2015 by asterisk2a
Does the government hate young people? It certainly feels that way | Rhiannon Lucy Cosslett | Comment is free | The Guardian
[ u-25s not included in minimum wage, housing benefits ] We’d love to grow up, we really would. But policies on everything from student loans to housing seem designed to ensure we can never achieve adulthood [...] We have been disproportionately affected by recession and austerity. According to research published by the Resolution Foundation earlier this year, 22 to 29 year-olds saw a 12.5% fall in wages between 2009 and 2014. Working-age households suffered a 4% cut to their incomes, while pensioner households saw theirs jump by almost 10% between 2007 and 2014.
Generationengerechtigkeit  austerity  fairness  Millennials  Student  Loan  Bubble  Education  Maintenance  Allowance  Student  Maintenance  Grant  UK  nasty  party  Tories  Conservative  minimum  wage  post  code  lottery  policy  Gini  coefficient  constituency  babyboomers  sovereign  debt  crisis  Super  Cycle  political  theory  social  contract  Career  Politicians  No  Representation  budget2015  George  Osborne  David  Cameron  Iain  Duncan  Smith  inequality  social  mobility  income  mobility 
october 2015 by asterisk2a
Matthew Hancock ripped apart on Tax Credits, welfare, etc. (05Oct15) - YouTube
- still worse off. [...] "we gotta make the savings." << morality - taking from the poor and letting tax evasion and avoidance go on. and other corporate welfare policies, that don't pay their taxes in the end.
child  tax  credit  working  tax  credit  tax  credit  budget2015  George  Osborne  David  Cameron  Tories  austerity  fairness  Generationengerechtigkeit  Conservative  Party  neoliberalism  neoliberal  minimum  wage  living  wage  Labour  Party  general  election  2015  election  campaign  promises  constituency  working  poor  poverty  trap  child  poverty  precarious  work  low  income  Precariat  PR  reframing  framing  spin  doctor  welfare  state  social  safety  net  DWP  Iain  Duncan  Smith  NHS  Jeremy  Hunt  fiscal  policy  bank  bailout  justice  injustice  morality  Career  Politicians  No  Representation  tax  free  income  part-time  Zero  Hour  Contract  Contractor  social  political  theory  income  distribution  Super  Rich  1%  tax  evasion  tax  avoidance  inequality  Gini  coefficient  food  poverty  poverty  social  mobility  income  mobility  Education  Maintenance  Allowance  Student  Maintenance  Grant  Student  Loan  Bubble  disposable  income  discretionary  spending  wage  stagnation  wage  growth  income  growth  productivity  output  gap  recovery  reflate  reflation  monetary  policy  subsidies  subsidizing  democracy 
october 2015 by asterisk2a
More jobs paying below living wage - BBC News
'Prevalent' low pay The ONS figures show that the proportion of jobs paying below the living wage has grown. In 2014, young adults were most likely to be paid less than the living wage. Some 58% of jobs carried out by 18 to 24-year-olds outside of London and 48% of jobs in this age group in London were paid less than the living wage. In accommodation and food services in 2014, an estimated 65% of jobs paid less than the living wage in London and 70% in the rest of the UK. Northern Ireland had 29% of jobs paying below the living wage, the highest in the country. At the other end of the scale, 19% of jobs in the South East of England, London and Scotland paid below the living wage. [...] "These figures demonstrate that while the economy may be recovering as a whole, there is a real problem with ensuring everyone benefits, and low pay in still prevalent in Britain today."
Niedriglohnsektor  job  creation  job  market  Lohnzurückhaltung  lohndumping  low  income  Service  Sector  Jobs  working  poor  precarious  work  Precariat  Zero  Hour  Contract  Contractor  self-employment  labour  market  labour  economics  recovery  UK  disposable  income  discretionary  spending  job  security  poverty  trap  child  poverty  food  poverty  poverty  Gini  coefficient  social  mobility  income  mobility  income  distribution  income  inequality  income  redistribution  budget2015  child  tax  credit  tax  credit  working  tax  credit  tax  free  income  minimum  wage  living  wage  Education  Maintenance  Allowance  Student  Maintenance  Grant  Higher  Education  policy  post  code  lottery  vocational  professional  career  ladder  austerity  George  Osborne  2015  dogma  ideology  Tories  neoliberalism  neoliberal  Conservative  Party  PR  spin  doctor  reframing  framing  Positioning  David  Cameron  Iain  Duncan  Smith  DWP 
october 2015 by asterisk2a
So you hate the Tories – but what comes next? | John Harris | Comment is free | The Guardian
Tory conference: Cameron's 'assault on poverty' pledge belied by new figures. [...] planned welfare cuts would lead to 200,000 more working households in poverty by 2020. bit.ly/1Nop8vl - The thinktank’s analysis also indicates that the number of all households – both in and out of work – that will be in poverty at the end of the parliament is projected to rise by 700,000 to nearly 4 million. The report will pile further pressure on ministers to rethink how they protect the working poor, following the introduction of controversial plans to cut tax credits in the first budget immediately after the election. //&! bit.ly/1VIjIQ0 - Podcast &! Tories hollowness in their tax credit cut & talking abt social mobility @ their conference (audacity [spin&PR& repeating the message over & over they want to get across] to speak abt poverty @ their conference) - bit.ly/1WQaheJ - masking their rightwing neoliberal policy pitching it as centre - bit.ly/1jeVqfG &! bit.ly/1LsHNPO redefine center
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october 2015 by asterisk2a
It’s George Osborne who will shape Tory prospects for 2020 | Gaby Hinsliff | Comment is free | The Guardian
Power is leeching from David Cameron, and the colder, more ruthless chancellor is in the spotlight [...] Osborne’s big problem, of course, is that his fingerprints are all over everything the government has done – or not done – to tackle these problems over the last five years, let alone over the next five. And that’s not the only factor limiting his prospects of promotion He’s almost as exposed as Cameron is to fallout from the EU referendum gamble. (Heads we quit the EU, and government heads will have to roll; tails we stay, triggering Tory civil war).
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october 2015 by asterisk2a
Homelessness figures: Nearly 100,000 children in England 'homeless' - BBC News
Nearly 100,000 children in England are living in temporary accommodation after being made homeless, new figures show. // &! More & more student start work after graduation in low pay jobs not requiring a diploma, due to current job market/job creation situation in UK! Not hitting 21k repayment threshold - bbc.in/1OU0K3H - OBR show fewer are likely to start paying than was expected when the policy was introduced, [...] freezing the loan repayment threshold - alongside other changes such as replacing maintenance grants for poorer students with loans - will significantly increase the cost of going to university. It says this risks undermining pledges by successive governments to improve social mobility, as well as raising uncertainty in students' minds over the terms of their borrowing. //&! Higher education cuts 'risk NI being left behind' - bbc.in/1gZMrgj //&! Doctors warn Tories not to cut free school meals (child poverty, food poverty) bbc.in/1LewQrn
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september 2015 by asterisk2a
NUS begins legal action to prevent government scrapping maintenance grants | Education | The Guardian
Union demands that equality implications of reform are considered before further steps are taken to change law [...] “Previous work of the coalition government to assess equality impacts of government policies has apparently been abandoned and the government has reneged on commitments given to the equality and human rights commission to continuously assess equality impacts in formulating policy. “NUS has called upon the secretary of state to halt plans to abolish maintenance grants and to gather information to enable him to properly consider the complex equality considerations at stake. An open-minded reconsideration of the policy should then take place.” A spokesperson for the Department for Business, Innovation and Skills said: “We have noted the letter from the NUS and will respond in due course.“ Maintenance loans will replace maintenance grants for new students from 2016-17. The loans will have to be paid back only when earnings rise above £21,000.
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september 2015 by asterisk2a
Jobseeking Surrounded By Fictions, Myths And Convenient Narratives | Welfare Weekly
It is worth remembering that the origin of the social welfare payments by the state was to stop these kinds of moral judgements being made about a deserving and an undeserving poor. The state officially supports the stereotype of sympathy for the ‘deserving poor’ and scorn for the near criminality on the part of ‘scroungers’. [...] unemployed people are forced to drink this [Tories] cool-aid or face destitution. [...] Underlying all this is the deeper fiction that individuals are responsible for their own state of unemployment. [...] There is a broader change in the world of work, - neo-liberalism - whereby the rules developed at the height of the industrial revolution are now fully circumvented by employers [...] transfer the risk and responsibility around labour from the organisation (and state - ie keeping national workforce competitive through various means of education) to the individual. [...] leading 2 lowest common denominator regulation. [short-term, price fight, dereg]
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august 2015 by asterisk2a
Iain Duncan Smith criticises employers over disability employment gap | Society | The Guardian
Experts welcome emphasis on improving support for jobless disabled people who want to work but say speech was light on detail [...] The work and pensions secretary, Iain Duncan Smith, said in a speech on Monday that he wanted to halve the employment gap between disabled and non-disabled people by reforming the incapacity benefit assessment system and improving the levels of support for jobless disabled people who wanted to work. [...] In the speech, which members of the media were not allowed to attend, // << PR, spin to justify to reduce payment for ESA, disability and sickness payments - in the future - to JSA levels (which u hardly can survive long on). They already cut ESA work related activity group to JSA level. Plus their neoliberal policy take, that employees should have to pay into their own unemployment fund. Dismantling step by step the welfare, public service & social service Europe is known for & which actively reduces poverty trap and inequality. // Equality Act 2010
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august 2015 by asterisk2a
Row breaks out over benefit cuts 'suicide watch' claims - BBC News
The SNP and Labour have hit out over claims that frontline benefits staff are getting guidance on how to deal with claimants threatening suicide. The Sunday Herald reported that the advice has been given to Scottish Department for Work and Pensions staff. The SNP said it highlighted the "devastating impact" of benefit cuts and sanctions, while Labour said cuts were hitting the vulnerable. The DWP said staff can refer claimants for support and this was "nothing new". The guidelines for call centre staff are designed to help staff deal with unsuccessful applicants for Universal Credit who are threatening to self-harm or take their own life, the newspaper reported. [...] "That the UK government are issuing suicide guidance to their frontline staff is an acknowledgement by them of the devastating impact of their social security cuts on people's lives - it's not new guidance they need, it's a new approach." [...] [We are all in this together.] [But, sense of everyone for him/herself. ]
austerity  welfare  state  benefits  vulnerable  Disabled  George  Osborne  David  Cameron  Tories  budget2015  Conservative  Party  neoliberalism  neoliberal  poverty  trap  child  poverty  child  tax  credit  tax  credit  working  tax  credit  food  poverty  poverty  UK  social  mobility  downward  mobility  Gini  coefficient  education  policy  housing  benefit  affordable  housing  social  housing  Iain  Duncan  Smith  DWP  Public  Services  Services  PR  spin  doctor  budget  deficit  output  gap  productivity  tax  evasion  tax  avoidance  policy  error  short-term  thinking  short-term  view  economic  history  recovery  Makers  policy  folly  Career  Politicians  No  Representation  social  contract  social  tension  inequality  gender  inequality  social  cohesion  Generationengerechtigkeit  Student  Maintenance  Grant  Toff  Privileged  Establishment  fairness  Sozialer  Abstieg  job  creation  general  election  2015 
august 2015 by asterisk2a
In Tory Britain, young people are having their future stolen | Owen Jones | Comment is free | The Guardian
Vandalising sixth-form colleges is the latest in an onslaught on the aspirations of working-class youth. [...] Low-skilled, low-pay, insecure work beckons for many; and those aspiring for a job in the professions are often expected to work for free – largely impossible without well-heeled parents to support them. The attacks seem to come daily. Some of us warned that measures initially directed against migrants would inevitably be broadened out. Tightening the availability of tax credits for migrants may now mean the removal of tax credits for all 18-year-olds for four years, punishing the young working poor and young parents in particular. // &! Sixth form colleges left on starvation rations by government cuts, says report. Survey on England’s 93 colleges shows class sizes rising, courses being dropped and seven out of 10 principals worried of inability to provide a quality education - bit.ly/1L3wd3d // &! bbc.in/1hv2x2n &! bbc.in/1DHDnrl // &! bit.ly/1IWgHjv - young dont vote ...
austerity  fairness  Generationengerechtigkeit  UK  budget2015  George  Osborne  David  Cameron  Tories  Conservative  Party  dogma  ideology  GFC  budget  deficit  sovereign  debt  crisis  Gini  coefficient  social  mobility  income  mobility  poverty  poverty  trap  food  poverty  child  poverty  tax  credit  child  tax  credit  working  tax  credit  Student  Maintenance  Grant  STEM  education  policy  vocational  education  professional  education  apprenticeships  social  cohesion  social  tension  short-term  thinking  short-term  view  policy  error  policy  folly  Makers  DWP  Iain  Duncan  Smith  welfare  state  Public  Services  Services  Toff  Privileged  Establishment  vulnerable  Disabled  Career  Politicians  No  Representation 
august 2015 by asterisk2a
Jaguar Land Rover urged to give assurances over 36,000 British jobs | Business | The Guardian
[ Tories economic policy for the future is the small state, and nothing else, its the short-term dogma and ideology of the Tories. ] // JLR said it had turned down other locations in Europe, the US and Mexico in favour of Nitra because of a strong supply chain and good infrastructure. Poland has claimed that Slovakia offered high state subsidies to win the factory, which it was not prepared to match. Slovakia has already attracted Germany’s Volkswagen, South Korea’s Kia and France’s PSA Peugeot Citroën, which together build hundreds of thousands of cars in the country each year. The average hourly labour cost in Slovakia is below €10 (£7), less than half that of Britain, according to Eurostat figures. The plant could help reduce JLR’s reliance on Britain, where it had to offer an improved pay and pensions deal last year to avoid strike action.
capitalism  profit  maximisation  Wall  Street  shareholder  value  competitiveness  UK  industrial  policy  added  value  Manufacturing  STEM  George  Osborne  budget2015  Makers  austerity  ideology  dogma  David  Cameron  education  policy  vocational  education  Student  Maintenance  Grant  working  poor  precarious  work  poverty  trap  child  poverty  social  mobility  income  mobility  Gini  coefficient  OECD  IMF  fairness  Generationengerechtigkeit  Public  Services  Services  microeconomic  policy  fiscal  policy  short-term  thinking  short-term  view  Career  Politicians  No  Representation  globalisation  competitive  competition  competitive  advantage  outsourcing  Tories  Conservative  Party  Toff  Privileged  Establishment  general  election  2015  election  campaign  promises  propaganda  corporate  state  corporate  media  PR  spin  doctor  populism  manufactured  consent 
august 2015 by asterisk2a
Two Tory MPs question scale of planned tax credit cuts | Politics | The Guardian
Backbenchers say more protection needed for people working hard in low-paid jobs [...] Their unease is shared by some others within the Conservative party. [...] There is also concern that the decision to slash tax credits is a reversal of David Cameron’s position before the election that he did not want to cut child tax credits. Michael Gove, the justice secretary, also signalled before the election that there would be no cuts to tax credits, saying: “We’re going to freeze them for two years, we are not going to cut them.” [we are all in this together, right!?] &! bit.ly/1N4kSiB - Sanctioned jobseekers with mental health problems are deemed eligible for immediate hardship payments only if they have an accompanying physical health problem. &! bit.ly/1KhEPmd - redefining what sickness and disability is, as they redefined (used) living wage, and redefined child poverty and its measures. >> Tories are cunning scum of PR, Spin Doctors and neoliberals. "[R]edefined as a personal failing."
budget2015  UK  austerity  fairness  child  tax  credit  tax  credit  working  tax  credit  George  Osborne  David  Cameron  Conservative  Party  welfare  state  Tories  working  poor  precarious  work  Service  Sector  Jobs  minimum  wage  living  wage  poverty  trap  poverty  child  poverty  food  poverty  Student  Maintenance  Grant  social  mobility  income  mobility  Gini  coefficient  inequality  tax  free  income  capital  gains  tax  code  election  campaign  promises  general  election  2015  short-term  thinking  short-term  view  Career  Politicians  No  Representation  social  cohesion  social  tension  Iain  Duncan  Smith  DWP  vulnerable  Disabled  social  discrimination  discrimination  mental  health  mental  illness  PR  spin  doctor  neoliberalism  neoliberal  IMF  OECD 
august 2015 by asterisk2a
The real victims of increased tuition fees? The old
Applications from 18-year-olds are on the rise, including from Britain's poorest families. But part-time and mature students are being deterred. [...] George Osborne talks of his vision of moving to a “higher wage economy”. But while improvement in skills are necessary to lifting productivity, wages and boosting growth, adults are being put off investing in their education. The consequences are particularly deleterious for those from disadvantaged backgrounds, who are more likely to apply to university later and on a part-time basis; the unattractiveness of part-time courses thus imperils social mobility. [...] The fees system for mature and part-time students is putting too many off developing the skills they need for the UK to thrive. [ at least fund a scheme for public-private partnership w companies to chip in ~30% of the cost for their employees ]
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july 2015 by asterisk2a
The escape from the balance sheet recession and the QE trap: An interview with Richard Koo - YouTube
"deflationary" is a symptom of balance sheet recession, deleveraging, debtoverhang ... of the private sector, corporate sector (& public gov sector) (to repair balance sheet). inflation of price of goods 2 live is still existent. you cant eat laptops. inflation is still present. actions of private sector, corporate sector to repair balance sheet (and even public sector, all three together) is deflationary. // UK! interesting is that consumer still borrows ie via credit card and mortgages. // question is how long UK can run such a big current account deficit. somebody has to pay for it, if not the gov with debt, then it has to be the private sector. as long as it can serve debt payments, as long as it has wage growth (increase of productivity, closing of output gap). But job creation during recovery was mostly Service Sector Jobs & self-employment. Not added value STEM. // corporate sector will not, in the long-run, pay for current account deficit w debt. &! youtu.be/EhYvaMc3f44
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july 2015 by asterisk2a
Who Will Pay? Austerity vs. Bailouts | Greece, Europe and The Euro! - YouTube
have to be held accountable >> bankers! but have not, just transfered private debt/losses onto public balance sheet which no has to paid down by the weakest of society and collectively by less public investment for the future (output gap/lower productivity) ie into infrastructure and education // stealing from the young // policy making by comfort and trinkets - George Osborne // moral hazard - the options they choose - paulson geithner summers and co made the tbtf and jail even worse! instead should have chosen partial privatization // sold off our future for keeping the gangsters "private" - get out of jail free card for what reason? because it would be not American? American means to be WALL STREET crony capitalistic greed with tax evasion and lobbying to the tunes of millions - your judge - that judges on you whether you get a free out of jail card?! // who will suffer in the end? the public and the weakest of society and unborn! period. long-term. // &! youtu.be/EmHYeGI0b_U
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july 2015 by asterisk2a
Employers warn of 'skills emergency' - BBC News
More than half of employers fear they will not be able to recruit enough high-skilled workers, according to a survey by the CBI. The employers' organisation is warning that a skills shortage is "threatening to starve economic growth". [...] "The government has set out its stall to create a high-skilled economy, but firms are facing a skills emergency now, threatening to starve economic growth," said Ms Hall. "Worryingly, it's those high-growth, high-value sectors with the most potential which are the ones under most pressure. That includes construction, manufacturing, science, engineering and technology. [...] The survey also highlighted concerns about the need for better careers advice to help young people understand more about the jobs likely to be available. [ &! scrapping GCSEs ! ] // education cost in UK are disenfranchising those who can not afford and are put off by the debt burden they will have to server // &! bit.ly/1IUkBxo
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july 2015 by asterisk2a
BBC iPlayer - Newsnight - 08/07/2015
"Comprehensive analysis of the Budget with Evan Davis and guests." // During the election David Cameron said child tax credit/benefit was off the list of welfare spending cuts. - broken election campaign promise // --- SHOULD BE (Labour Party Policy for next election):: make work pay and eliminate child poverty AND help people (everyone) w education and support to find better and more gainful work that lift them and the economy by producing added value products. // no path to higher wages, no path to higher productivity, no path to added value British Products export increase (manufacturing, research, STEM, ...) // low wage jobs have no to very little economic multiplier ... take into account tax credits etc and it is net-negative for state and the council //
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july 2015 by asterisk2a
George Kerevan: A merciless attack on the poor ... to the sound of cheers | Comment | The National
What about the cut to Corporation Tax, to 18 per cent? UK firms currently sit on £550bn in cash reserves which they have little inclination to spend, other than to buy back their shares. Cutting their taxes will only swell this useless cash mountain, not lead to more investment. Indeed, the independent Office for Budget Responsibility, in papers published with the Budget, forecasts Britain’s current account deficit on trade will worsen in the next five years – a sure sign of failing productivity and competitiveness. The Tories cheered George Osborne to the rafters yesterday but just wait until the economic roof falls in when American interest rates rise and Britain’s bubble economy has to face the real world.
current  account  deficit  added  value  industrial  policy  budget2015  STEM  Higher  Education  vocational  policy  Student  Maintenance  Grant  Gini  coefficient  social  mobility  austerity  downward  mobility  income  mobility  poverty  trap  child  poverty  poverty  working  tax  credit  tax  credit  child  tax  credit  Housing  Benefit  skills  gap  skill-biased  technological  change  Future  of  Work  Mobile  Creatives  Mobile  Creative  practical  skills  practical  skill  set  apprenticeships  George  Osborne  David  Cameron  IMF  OECD  globalisation  globalization  borderless  competitiveness  competitive  productivity  flat  world  economic  history  trickle-down  economics  economic  model  labour  economics  Wall  Street  shareholder  value  profit  maximisation  corporate  tax  rate  shared  economic  interest  stakeholder  tax  evasion  tax  avoidance  solidarity  fairness 
july 2015 by asterisk2a
Osborne's Budget: ‘High priest of an austerity cult’ | Politics | The National
At its heart was a commitment to cut the deficit and bring the country in surplus by 2020. Osborne will achieve that partly through cuts to government spending, partly through new tax avoidance measures and substantially with hefty cuts to welfare. // &! John Swinney: The National Living Wage hides an attack on people in low-wage jobs -bit.ly/1CrSapj &! Equality: This Budget continues the project which impoverishes women - bit.ly/1D3dxrX - women make up ~70-77% of recipients of tax credit! &! tax credit essential for families on low income to top up to afford "living" [...] The Scottish Federation of Housing Associations is wholeheartedly against the removal of the automatic entitlement to Housing Benefit for 18 to 21-year-olds. This will have an adverse affect on the life chances and employment prospects of the 28,000 plus claimants in this group – over half of whom have young families of their own – as it could, for many, put their homes at risk. bit.ly/1LYCgWA &! bit.ly/1D3egtb
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july 2015 by asterisk2a
Lest We Forget | ZeroHedge
The view of the ECB raises some interesting questions. I believe most would agree on two issues; first that the ECB is an insolvent institution and so highly leveraged and under-capitalized that a normal bank would have been in bankruptcy long ago but then a normal bank can’t print money. However it must also be said that the ECB is not a stand-alone institution living on another world and that the national central banks of Europe own it. Second I think most thoughtful people would agree that at some point in time that the financial condition of a central bank matters either in terms of increasing inflation by increasing the money supply or as a matter of valuation if no one or not enough financial institutions will support their currency or if some national central bank opts out on the basis of the economic threat to its citizens. This could be exemplified by Germany.

... The game could end if a major European bank falters
... Loss of Trust = Out of Bonds/Equity - into Gold&Co;.
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october 2012 by asterisk2a

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