Cameron Prepares U.K. for Cuts Hurting ‘Every Single Person’

[Joanne98]

Source: Bloomberg

June 7 (Bloomberg) -- U.K. Prime Minister David Cameron, preparing voters for the deepest spending cuts in a generation, said the previous Labour government left the public finances in a weaker state than he anticipated.

“The overall scale of the problem is even worse than we thought,” Cameron said in a speech today in Milton Keynes, 50 miles (80 kilometers) north of London. “The decisions we make will affect every single person in our country. And the effects of those decisions will stay with us for years, perhaps decades to come.”

The U.K.’s Conservative-Liberal Democrat coalition is seeking public backing for cuts that will be the deepest since Margaret Thatcher was prime minister in the 1980s and that will last longer than any other since World War II. The pound has fallen more than 10 percent against the dollar this year amid concern the government will struggle to fix the public finances.

Cameron laid the ground for the June 22 emergency budget in which Chancellor of the Exchequer George Osborne will set out the overall reductions needed to tackle a deficit that ballooned to 11.1 percent of gross domestic product in the fiscal year through March.


Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=adtmwVEzDEe0&pos=9

---

Except the rich. They'll get a tax cut!

[xchrom]

1. Every single person? Bah!

That just the poor will 'pay' the most.

[nxylas]

2. You can bet none of Cameron's Eton chums will have to cut a penny from their budgets

It'll be a case of "What do the rest of us have to sacrifice in order to keep Lord Snooty and his pals in the lifestyle to which they've become accustomed?"

[Betty Karlson]

3. Not quite.

His plans point to smaller income disparities, if you can believe it. For one thing, excessive payments might be hit by increased taxes.

[SILVER__FOX52]

4. To all Governments:

Get your, God damn money, from the rich, that caused this problem. You people have no idea what hatred the poor of the world, have for you, self-indulgent, self-righteous, Asses. Who the hell do you think you are, Aristocrats? In the US, if our government even begins to cut the social safety nets without first, ending the wars, reducing the military and taxing the shit out of the wealthy, there will be a revolution. You can bank on it. Everybody, now knows that big banks and multi-national corporations have destroyed world finances and you want the poor to pay the bill? I want some of what your smoking.

[smirkymonkey]

5. Except the Rich, as usual.

[provis99]

6. well, the British could have voted Lib-Dem,

but the schmucks voted in the Tories, so they deserve what they get: rotten, corrupt government.

[DavidDvorkin]

7. But the ones who didn't vote for them are also getting them

That's the problem with that narrow, binary way of looking at election outcomes.

[Unvanguard]

8. They did vote Lib Dem (and Labour). They got David Cameron instead.

Thanks to the UK's messed up electoral system, the vagarities of three-way elections in first-past-the-post elections, and the betrayal of Nick Clegg.

No one should vote Lib Dem ever again. (No one should have voted Conservative in the first place.)

[Nihil]

12. That's a bit rich ...

... considering how many people here get *really* snotty if anyone
suggests that they were "schmucks" who "voted in" George W. Bush TWICE ...
"so they deserve what they get: rotten, corrupt government" ...

:eyes:

[mbperrin]

9. Every SINGLE person??!!!! Oh, my. Well, then, get married, you twits and

avoid the pain.



















:)

[Unvanguard]

10. The sad thing is, that's not so far from the Conservative Party platform! n/t

[Lagomorph]

11. Germany too.

http://apnews.myway.com/article/20100607/D9G6B83O0.html

[raccoon]

13. How 'bout the royals chipping in some? They could put a pretty big dent in the deficit. nt