half a million to lose jobs in Britain
By Leo
@d_e_v81 (360)
Singapore
October 22, 2010 9:01am CST
the governments is unveiling the biggest spending cuts since world war 2. Bidgets will be slashed by 20%. half a million civil servants will lose their jobs. even the queen is graciously accepting a "pay freeze". 890billion pounds..what a horrible debt to inherit....repaying it is already costing tax payers 120 million every year and now this...will this lead to a vicious cycle? as people lose jobs, they don't spend much and the money does not get circulated. reminds me of the Great Depression vicious cycle that US went through...
So if you happen to live in Britain...how are you affected?
1 response
@urbandekay (18278)
•
23 Oct 10
Typical scummy Tory government and their 'blame the victim' culture. Mega-rich bankers put the country into debt with their greed and to repay the debt the Tory scum make the worse off in society lose, proportionally more.
all the best urban
