You cannot justify the rise of inflation in regards to a pay freeze as a pay cut because it is not since it affects EVERY single person in the country not just public sector workers who have had a pay freeze. The government cannot control the rate of inflation directly, it is done via the bank of england and the disgracefully low interest rates that the country now endures. Im not saying it should be at 15% but around the 5% mark is quite healthy (Long term). Most private sector workers have had very little if nothing at all in respects to a pay rise for numerous years.
Yet again I will have to explain there are no cuts in public spending. Most of the media, whitehall and the public are told there is SAVAGE cuts but the story couldnt be further from the truth. Public spending is INCREASING in real terms until the 2016-17 financial year whereby we will no longer have a defecit and can actually start to pay back the enormous pile of debt that the country owns. There is no money left, we dont have any and havn't had any for years as everything we spend isn't ours. I really don't know what's so hard to understand about this as the figures are widely available online.
Lets just imagine for a moment if the general election result was slightly different and labour remained in power. The situation we are in at the moment would be exactly the same in regards to growth and alot worse in regards to soverign debt. You only have to look at the USA who have done things completely the opposite to our current government with increased spending and fiscal stimulus, both countrys are having problems with growth regardless of the approach each takes. However what you cannot deny is the fact if we borrowed even more money upon the appalling amount we are already borrowing, we wouldn't be helping to bailout any EU country with the IMF as it is us who would be going to the IMF for a bailout.
Lot's of people will not like this next statement but I' going to say it anyway, The "cuts" need to be alot harder and alot faster as lots of people simply do not understand the gravity of the dire situation we are currently in. Before anyone asks that wouldnt work, then please look back to canada who had similar problems and resorted to blowing up hospitals. This may sound scary but just take a look at where they are on the economic spectrum and its quite a turn-a-round. Is much better to take short term pain followed by long term gain than it is to suffer for an incredibly long period of time.
It has the same effect as a pay cut, while inflation affects everyone, not everyone is having their pay freezed outside of the public sector. Just because public sector spending is increasing doesn't mean some current public service workers aren't going to be worse off.You cannot justify the rise of inflation in regards to a pay freeze as a pay cut because it is not since it affects EVERY single person in the country not just public sector workers who have had a pay freeze. The government cannot control the rate of inflation directly, it is done via the bank of england and the disgracefully low interest rates that the country now endures. Im not saying it should be at 15% but around the 5% mark is quite healthy (Long term). Most private sector workers have had very little if nothing at all in respects to a pay rise for numerous years.
Yet again I will have to explain there are no cuts in public spending. Most of the media, whitehall and the public are told there is SAVAGE cuts but the story couldnt be further from the truth. Public spending is INCREASING in real terms until the 2016-17 financial year whereby we will no longer have a defecit and can actually start to pay back the enormous pile of debt that the country owns. There is no money left, we dont have any and havn't had any for years as everything we spend isn't ours. I really don't know what's so hard to understand about this as the figures are widely available online.
Lets just imagine for a moment if the general election result was slightly different and labour remained in power. The situation we are in at the moment would be exactly the same in regards to growth and alot worse in regards to soverign debt. You only have to look at the USA who have done things completely the opposite to our current government with increased spending and fiscal stimulus, both countrys are having problems with growth regardless of the approach each takes. However what you cannot deny is the fact if we borrowed even more money upon the appalling amount we are already borrowing, we wouldn't be helping to bailout any EU country with the IMF as it is us who would be going to the IMF for a bailout.
Lot's of people will not like this next statement but I' going to say it anyway, The "cuts" need to be alot harder and alot faster as lots of people simply do not understand the gravity of the dire situation we are currently in. Before anyone asks that wouldnt work, then please look back to canada who had similar problems and resorted to blowing up hospitals. This may sound scary but just take a look at where they are on the economic spectrum and its quite a turn-a-round. Is much better to take short term pain followed by long term gain than it is to suffer for an incredibly long period of time.
I also have no problem visualising spending whilst in debt as 'spending what isn't ours'...
He's quite dumby.
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