Monday, January 2, 2012

The UK Austerity package

Over the past year I have pointed out then the cost to everyone of all costs to them UK Austerity package.
Well we are entering 2012 and we are still hearing how much it will cost each family per year.

I mentioned Stg 5000 per year. This is now rising.For the lower paid person I would seriously look at this and consider going on social benefits!
In order to get people to spend we need to lower personal taxes, petrol taxes etc.
This actually brings in more revenue, but it seems the UK government really hasn't woken up to this.

Still the USA housing market is in the crap.Until this turns around do not expect the UK economy to turn around and this will be 6-9 months after the USA says it has turned around. Historically this is closely related!

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