you're reading...

Budget 2011: Ten Questions That Osborne Must Address

Despite the Government’s attempts to achieve deficit reduction why did the Treasury borrow 32% MORE money than the Labour Government did in the same month last year when the Tories accused the last Administration of being “reckless” with borrowing? These figures are the worst since 1993. 

Why is inflation now running at a 20 year high, and set to soar to over 6% according to Bank of England Chief Mervyn King? 

Why is the German economy growing at 3.8% and the US economy by 3.5% with minimal cuts, when our savage cuts and VAT rise have brought us back into a double dip recession? 

What is Osborne going to do about the £81 billion he has taken out of the economy (OECD figures, Feb 2011), which has suppressed demand and reversed the 1.2% worth of growth that was there when Labour left Office? 

How does the Chancellor propose to help those hardest hit by the inflation/ interest disparity; the six million 50-65 year olds who are reliant on savings for a decent retirement? 

How does Osborne prevent the Bank raising interest rates, thereby hitting the hardest those families already on the rack due to pay freezes, inflation, abolition of the EMA and scrapping of Child Benefit even if just one wage earner falls into the upper tax band? 

How does Osborne respond to Mervyn King’s statement that, “we are facing the longest period of falling incomes since the 1920’s”. 

What is the Government going to do about the £120 billion in tax avoidance that sees companies such as Vodaphone get away with £6 billion in unpaid taxes? 

Do the Government think that is acceptable to put back the Government backed Green Bank for sustainable energy production back to 2015? 

What concrete measures does the Chancellor have to make sure that the State owned Banks lend responsibly and don’t pay themselves obscene bonuses?



About dermotrathbone

Writer and co author "Through Red Lenses". Activist Unite the Union, Save Our NHS Hull. Fan of Yorkshire County Cricket Club, Hull FC, Munster and Ireland Rugby. Views are mine alone and may not reflect the organisations concerned.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 898 other followers


%d bloggers like this: