|
Post by fretslider on Feb 19, 2010 19:43:59 GMT
"Cash crisis hits town halls from Truro to Aberdeen"
Councils from Cornwall to Aberdeen are planning deep savings as they struggle to cope with a growing crisis in local government finance. The number of jobs to be axed as local authorities desperately attempt to cut running costs in the recession has now risen to 20,000. The widespread planned redundancies underline warnings that former public-sector workers will account for most of the expected increase in dole queues over the next six months. It is also a given that the quality of frontline services provided by councils will nosedive. The now doomed government say's that its grant to English councils is increasing in the next financial year by 4 per cent, which may yet be below inflation.
While Joe Public hangs on in quiet desperation.......
Barclays thrived and the Royal Bank of Scotland continued to hit hurdles. RBS managed to offload the European energy assets and its metals and oils businesses in Europe and Asia to the JP Morgan for $1.7bn (£1.1bn). RBS had originally been hoping to sell the entire operation for as much as $4bn, but JP fought shy as a result of the introduction of the "Volcker rule" by Barack Obama. Oh well, it's a start. But now RBS is expected to pay bonuses of between £1.3bn and £1.5bn to its bankers in a package that has to be approved by UKFI. So there goes that £1.1bn.
Its exactly the sort of thing the Tories do, Gordon's looking after his friends as the square mile calls in its favours.
|
|
|
Post by Ben Lomond on Feb 20, 2010 15:22:11 GMT
The number of redundancies in the public sector will have little or no affect on the ever upwards salary structures of the town hall bigwigs; most of whom are on 200K plus these days! How hard can it be? A guaranteed annual income to be apportioned, and that's it, really!
|
|
|
Post by fretslider on Feb 20, 2010 16:01:39 GMT
The number of redundancies in the public sector will have little or no affect on the ever upwards salary structures of the town hall bigwigs; most of whom are on 200K plus these days! How hard can it be? A guaranteed annual income to be apportioned, and that's it, really! Staff.... no longer required we have cameras..... Little did I realise that by offering to save a pensioner friend of mine the cost of a taxi from the station, I would end up facing fines of £240 from my council. I live in the London Borough of Wandsworth and my unwitting mistake was to stop twice on the same evening in the road behind Clapham Junction station for 22 seconds to pick up my friend and 14 seconds to drop him off. I had been caught on a CCTV camera and received two penalty charge notices. Parking charges and fines, the secret of a low council tax.
|
|