Archive for category Social Security

The 2011 Budget – a response

‘The Budget for Growth’ was how Chancellor George Osborne described it. Really? Of timid growth perhaps, but not the real growth Britain needs to see. Moreover, it has prioritised unrealistic green targets over economic development – a highly unwise manoeuvre. Below, the good, the ok and the really bad points of The Budget are unravelled. Read the rest of this entry »

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All you need is love?

It is perhaps fitting that on Valentine’s Day David Cameron attempted to stoke up love for the Big Society in the face of recent criticism. It is perhaps doubly fitting because the success of the Big Society may depend upon love, or largely altruistic feelings, in the short term at least.

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Is the minimum wage holding back job numbers?

The always interesting Chris Dillow castigates Sam Bowman for his glib ‘econ 101′ answer to youth unemployment: abolish the minimum wage and allow youths to offer their labour for any price to employers. Chris has a point. The minimum wage, especially as it is currently constituted and enforced, probably has little impact on employment levels. However, combined with other labour market restrictions and the costs of compliance, it could still be having a deleterious effect that should be addressed given recent job losses.

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Money for social housing can be found

The £6 billion council house budget is likely to be one of the major casualties of this week’s spending review. The National Housing Federation has said it is expecting “doomsday” cuts that will severely slow down the construction of affordable housing. But there are a few ways of cutting this budget while saving housing construction, writes Carolina Bracken.

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So long, and thanks for all the work

A recent survey by Aon has found that only 43% of Britons want to retire and enjoy their golden years in this country, the lowest satisfaction rate in Europe. However, the figures involved don’t add up to anything worthy of pessimism, as they are merely fantasy and ideals. Read the rest of this entry »

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Just a wee loan

“New York City is the world capital of banking. They do the banking for the whole world, but they don’t do the banking for their neighbours.”

Mohammed Yunus created the Grameen bank in Bangladesh to encourage enterprise by offering microcredit loans to those with no recourse to financial services.

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