“Do you think you should pay for their failure?”

Local

  • Bankers bonuses are back
  • 20% Cut in Public Spending for the next thousand years!
  • 1 in 5 public sector workers could face redundancy

What could it mean to you?

If it is not your job it could be your partners, wife, husband, family, friends working in public services.

BUT it doesn’t stop there ……

losing jobs in public services has a knock on effect…………contractors delivering services for public sector will lose work and have to make cuts so more redundancies.

BUT it doesn’t stop there…..

Local businesses will lose business as unemployment soars in their community and people spend less……..

BUT it doesn’t stop there….

Escalating unemployment creates massive uptake in benefits…………..creates pressure on government, who will be taking less taxes and national insurance……less take up of occupational pensions……creating a massive dependency on future governments in pension credits……

BUT it doesn’t stop there ……………

As result of less income from business community, Councils will be forced to increase council tax…or cut more services?

BUT it doesn’t stop there……………..

No money, no jobs, poor prospects will see enormous rise in the number of people reaching mortgage arrears and forced to sell, leading to a demand for housing…….which will lead to an increase in Housing Benefit claims. Who pays for Housing Benefit?…ultimately it is the tax payer. Those lucky enough to work will be asked to pay more as pressure mounts on government to find funding to keep all these people unemployed!

DISCLAIMER

Financial Arrmageddon is based upon the opinions of financial ‘experts’ (and where were they before the global recession hit?) who are pushing the Armageddon scenario for Public Services. They claim the government must claw back £Billions from the Public Sector in order to clear the massive debt built up supporting the global collapse of the financial institutions!

If you want to read what the experts are saying click here http://www.cipfa.org.uk/pt/cipfasolace/download/After_the_Downturn.pdf

What do you think?