Camerons good news
“It is becoming clear that Cameron and Osborne
have shattered business and consumer confidence with their heavy-handed
approach to reining in the national debt.” Quote from the Guardian
on Wednesday 27 April 2011.
According to the Office for National Statistics
[ONS] public borrowing hit a high of £10 billion for April 2011,
despite a boost of £3.5 billion from the tax on bankers’
bonuses. The total government spending in April 2011 was £54
billion, an increase of 5% on April 2010. The total debt now is at
a record high of £910 billion, [60% of GDP] and is forecast
to go a lot higher. The projected figure for April 2012 is £1.2
trillion.
When the figures were announced in the commons,
Cameron insisted this was good news. When Labour's Treasury
spokeswoman Angela Eagle challenged the figures, the
sexist Prime Minister, David Cameron told her to "calm down,
dear".
Growth
The Conservative led coalition have changed a growth
of 2.8% under Labour to zero growth. The job cuts planned by the coalition
for this quarter will come into forces from April. The current spending
cuts of £9.4 billion have produced zero growth and increased
government borrowing, the further planned £41 billion cuts,
will be catastrophic beyond belief.
The OECD which were previously the only people
the coalition could quote as agreeing with the coalition policies,
has advised George Osborne to cut back on spending. This is a bit
late as it comes after the news that David Cameron has spent £680,000
of public money refurbishing number 10.
The Guardian concluded that any government taking power in 2010 would
have had an extremely difficult balance to strike. They had to convince
sceptical City bond investors they were serious about restoring the
public finances, while nurturing the nascent recovery. But with their
single-minded determination to portray the deficit as a national emergency,
Osborne and his colleagues charged ahead like a herd of bulls in the
proverbial china shop — and it looks increasingly
as though they've smashed the recovery to smithereens.
Student fees £28,000
The coalition has announced a new figure of £28,000
for student fees. Any graduate, who doesn’t reach the required
grade for a university, can buy a place for £28,000 tuition
fees a year. Of course to be able to afford this you need to have
parents who are millionaires. Most of the coalition are millionaires.
64,000 pupils a day skip lessons
Truancy has increased by almost 12%, with a total
of 64,000 pupils being absent every day. The schools minister Nick
Gibb said “Absenteeism is still too high. Our education bill
puts teachers back in control of classrooms so pupils can be taught
without disruption”
Ron
Gold
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I have 25,000 So I need your help, please follow. Many thanks to
the first 25,000.
