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Showing posts with label Scotland on Sunday. Show all posts
Showing posts with label Scotland on Sunday. Show all posts

Sunday, 13 September 2009

Labour's borrowing is £5,500 per second this year

Ouch, I cannot say much more than that. Labour is hurting the national pocket and our individual pockets.

Nick Clegg is writing in today's Scotland on Sunday and as usual for Nick Clegg, it is a good piece picking up the key points and setting out our stall for the annual conference in Bournemouth later this week.

One thing Nick has sensibly highlighted is the astronomical debt that this Labour Government has got this country (and therefore us) into. Labour this year is borrowing £5,500 per second!

So, in the next minute, that will be more debt £330,000 and in the next hour a mere £19,800,000 - that is right, just short of £20million pounds.

Whoever wins the General Election will have some serious financial decisions to make over the coming years. The Tories aren't really making any major policy announcements on things like this, they have said about abolishing quango's but in reality that is only going to save peanuts, don't get me wrong it is all going to help - although all those people that currently work for the quango's will all then be claiming benefits of course.

Sunday, 6 September 2009

Spending cuts and Council Tax rises from the SNP on the way?

The Scotland on Sunday has the screaming headline "Scots facing tax hike and £1.5billion cuts" with a sub headline of "Leak reveals top civil servants' plans".

The story comes from a leaked set of minutes.

So, we now find out that civil servants and the SNP are looking at cuts, in fact even showing that blanket cuts across the board, which would save £1.5billion, would be only part of the solution.

It is showing that the SNP government are likely to consider increasing Business Rates and even Council Tax - that would be a pledge broken if they do. I like the point where it is discussed that these tax rises and spending cuts will be difficult for the ministers to implement so the group also discussed ways of helping ministers pave the way.

I see there is the potential there to bury the bad news on a day when a major political announcement is made such as the General Election result announcement or just the SNP avoiding making difficult decisions as we have seen over the last two and a half years.

I do hope they don't bury bad news on days when peoples eyes and ears are elsewhere.

John Swinney as always blames Westminster - that's grown up politics for you.
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