Monday, 4 October 2010
Can Osborne seek redemption through betrayl?
The cutting of child benefit will disproportionately affect those on middle incomes in the South East; but here the Tories are home and hosed. Where it will have less impact is in the Midlands and the North. Even in the early months of Government, the eye of politicians is on the next election.
The truth is the child benefit cut will save footling amounts, perhaps £10 billion over the course of the Parliament; it is thought meant to be symbolic of the self-flagellation of Tories for the sake of the deficit. The idea is to provide cover for the future cuts to come.
So, perhaps now is the time to wait and see what these cuts are going to be, I am waiting be be unexpectedly pleased rather than underwhelmed. Excellent comments for yesterday's post show the frustration at the lack of tackling the big issues, like public sector pensions. It is a disgrace in the extreme.
Example A - (UK Ponzi pension scheme) Police force where the average retirement age is 49.