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Budget’s Expected Impact on Welfare.

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Budget 2017 for benefits: what welfare changes is Philip Hammond planning? Everything we know so far about the Chancellor’s plans for the benefits system. ANOOSH CHAKELIAN New Statesman.

This timely article outline some very bad news:

The Chancellor Philip Hammond will announce changes to welfare when he delivers his Budget. What do we know?

How has Theresa May’s government approached welfare so far?

Outside No 10 on 13 July 2016, Theresa May put equality at the heart of her first statement as Prime Minister. She claimed that she would put herself, “squarely at the service of ordinary working-class people”. She dedicated her speech to those who, “can just about manage but you worry about the cost of living and getting your kids into a good school”, telling the nation: “If you’re just managing, I want to address you directly.”

This meant that progressives looked to the first Autumn Statement from her Chancellor Philip Hammond last year to see if she would turn her rhetoric into action.

There wasn’t much, however, for the “just about managing” (nicknamed “Jams”) when the new government announced its first plan for Britain’s finances. The Chancellor eased the planned cuts to Universal Credit slightly, by slowing the pace at which your benefits are reduced the higher above the allowance you earn. He said the welfare cap would remain, but promised there would be no more welfare cuts this parliament.

A four-year freeze on tax credits and benefits such as Jobseeker’s Allowance and income support has been in place since April 2016 last year, and £12bn worth of cuts to the welfare budget were planned for this parliament in the 2015 Tory manifesto pledge. The government wants to stick to making these savings. A £3bn-a-year reduction in the work allowance – the amount benefit claimants can earn before their benefits start being withdrawn – has only really been reduced by about £700m by Hammond.

Hammond inherited harsh welfare policies from George Osborne’s regime, whose austerity programme hit low-income households the hardest – cutting working-age benefits to add to the burden of wage stagnation and rising living costs. He’s not done much so far to ease this pain.

So what are they planning for the Budget?

We can’t expect a huge amount of easing up on benefit freezes in the coming Budget. Here’s what we’re likely to see:

Jobseeker’s Allowance freeze

This is an Osborne legacy, but the unemployment benefit will continue to be frozen at £57.90 a week for under-25s, and £73.10 for those who are 25 and older. Since April 2013, this went up 1 per cent a year. The freeze was announced in the 2015 budget, and came into force last year. Remember, the rate of inflation is increasing, so this could be a big squeeze in the next year.

(Note: This is beginning to really bite.)

No automatic entitlement to housing benefit

The government recently announced its plan to remove the entitlement to housing benefit for some 18-21 year olds. Centrepoint warns that this could lead to 9,000 young people being unable to access accommodation and at risk of homelessness. The Guardian suggests Hammond might u-turn on this.

(Note: Mean-spirited is the least of it. Expect more rough sleepers everywhere)

Child benefit freeze

Another continued freeze, at the existing rate of £20.70 a week for the first child and £13.70 for ensuing children. Again, inflation going up means this will feel increasingly tighter. Another part of the Osborne plan.

(Note: the plan to hit ordinary people.)

Child tax credit limited to two children

If you want to claim child tax credits for children born on or after 6 April 2017, you can only do so for two children. If you already claim them, your claims won’t be affected. You also won’t receive what’s known as the “family element” (around £40.40 a month) if your children are born after that date. This is another Osborne policy, announced in 2015 to start this year.

Universal Credit freeze

Universal Credit rates will be frozen for 2017-18. The Osborne plan was the cut the work allowance by £3bn each year – a plan Hammond slightly softened by reducing the taper rate in the Autumn Statement.

(Note: another kick in the face for the less well off, in work.)

So that’s a huge squeeze on living standards for May’s beloved “ordinary, working-class people” then?

As we already notice in our bills and shopping, this will hit us hard.

Hard up working families face a “double whammy” of benefits freezes and rising inflation to the tune of billions of pounds, a new study has warned. 

Analysis from thinktank the Resolution Foundation found that a total of £3.6bn will be taken from the worst off households by 2020 thanks to the freeze in tax credit and working age benefits.

Their calculations suggest a single earner family with two children could lose £680 a year once inflation is factored in.

The Foundation’s director, Torsten Bell, warned the Office for Budget Responsibility could revise up its inflation forecast to 2.6% for both this year and 2018.

That would see real pay falling by the end of this year as prices start to outstrip only modest wage growth.

“The effect of a renewed pay squeeze would be broadly felt across the population,” Mr Bell told the Guardian.

“But in many ways the worst affected group might be those ‘ordinary working families’ on lower incomes who will face a double whammy of lower pay growth and benefit cuts.”

 

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Written by Andrew Coates

March 7, 2017 at 11:11 am

67 Responses

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  1. Andrew Coates

    March 7, 2017 at 1:01 pm

    • The Government has defended its decision not to publish an impact assessment of its policy to scrap housing benefit for young people.

      Asked twice on Tuesday afternoon about why no impact assessment was published DWP minister Caroline Nokes first ignored the question, then respond after being asked again by a second MP.

      “The Government has of course met all of its requirement under the public sector equality duty,” she told the House of Commons.

      A series of exemptions included in the legislation include people classed as vulnerable, families, and those who have been in work for at least six months prior to claiming – as well as those working at least 16 hours a week.

      http://www.independent.co.uk/news/uk/politics/housing-benefit-cut-young-people-18-25-impact-assessment-not-published-caroline-nokes-a7615991.html

      enigma

      March 7, 2017 at 2:19 pm

  2. The Budget Will Treat Us Like Turkeys At Christmas. Bring Out The Paxo (

    PRUKKK PRUKKK

    March 7, 2017 at 3:52 pm

  3. Reblogged this on Declaration Of Opinion .

    Mark Catlin

    March 8, 2017 at 2:34 am

  4. QUICK,QUICK, LOOK OVER HERE INSTEAD..

    http://www.bbc.co.uk/news/technology-39203724

    Caught with their hands in the data cookie jar, politics and mainstream media look to shift public interest to not worrying about what intelligency agencies are and have been doing but shift the public’s minds to how contemptible it is someone stole such damaging data right from under the nose of the CIA.

    The amount of irony here is amusing as the more politicians,government aids and even mainstream media speak, the bigger the hole gets. Its a though it was preplanned to have this exact result, played out like a grand chess master playing a novice.

    All that crap you hear about your data is safe, even by posters to this very website and whoosh, down again come those safety pants proving my point exactly that your never safe, that security is absolute is a myth perpetrated by those either not knowing or looking to profit by your ignorance.

    doug

    March 8, 2017 at 11:58 am

    • And the most secure answer for individual laptops and desktops is… Linux.

      https://www.dailydot.com/layer8/most-secure-operating-system/

      Maybe not Android on phones though which, although they use the Linux kernel, have attracted a lot of hacker attention (mostly form criminals) because of the size of its user base and because it is used mostly for voice and text based communication. Google aren’t so hot with updates and patches as far as Android are concerned either. People are their own worst enemies and often install applications on their equipment which infect their gear with spyware and malware, often in an attempt to grab sensitive information like passwords etc.

      So before you download and use software make sure it is clean before you install it.

      The great thing about Linux is that you mostly download free software from reputable and very carefully maintained repositories (with no record of pollution of infiltration) and because the operating system itself is very frequently patched and improved to remove bugs and security hazards which are discovered much faster than any other OS. With something as fast changing and connected as computers and phones there will always be security holes and exploits that appear based on odd combinations of factors, plus even if your own equipment is ratcheted tight once you connect to the internet you can never really be sure in the servers your data packets are routed by are properly maintained or even supervised by government on the quiet.

      I’m using Linux Mint 18.1 Cinnamon Serena right now which I much prefer to Windows or the MacOS.

      Check it out:

      I do find it rather weird why the Samsung F8000 line of TVs were targeted.

      Are Samsung’s the TV of choice for terrorists?

      Just joking.

      Bert

      March 9, 2017 at 10:45 am

      • If only linux or any other op system can be installed on all PC’s.

        enigma

        March 9, 2017 at 11:11 am

      • Bert

        If everybody switched to Linux, do you honestly believe hackers and trackers wouldn’t or more importantly don’t already breach such UNIX like systems.

        This come over here mice, the fox cant fit through this hole approach is helping do no when we talk about safety. If people followed golden rules instead of spilling their guts into devices and online it would not matter what OS they used.

        Whether people are offended or not, it remains that it is peoples lack of knowledge that is preyed upon and why government now seeks kids to in the future have an excellent grasp on technology.

        The world has changed and not going to change back so people either get on board or im sorry to say will be left behind with a severe disadvantage. That may not be comforting or fair but none the less its true stave a CME or some other catastrophic event.

        doug

        March 9, 2017 at 11:23 am

      • Enigma

        Have you never heard of tails ?

        How about virtual OS or sandbox OS ?

        doug

        March 9, 2017 at 11:26 am

      • @doug

        To be honest I don’t reckon the security forces care that much about many of us to hack our equipment unless they have reasons to do so in a similar way to intercepting letters, tapping phones, planting radio bug in rooms etc., in the way they always have done in the past. There is no doubt governments are keen to monitor the general flow of information at ISP and services much used by people like Google etc., but there’s ways around that too for the determined. I keep my data as confidential as I can and don’t use my credit/debit card online, except for certain purposes on legitimate sites, in much the same way as I make sure nobody is peering over my shoulder when I use my back card at an automatic cash dispenser and check to see that nobody has fixed a bogus card reader over the slot of the machine to steal my PIN. I keep my eyes peeled literally and metaphorically. On and offline it’s all about using your common sense to minimise risk to as near to zero as possible even though you cannot eliminate risk ever entirely. There is a low possibility that my most sensitive data will get stolen and used for nefarious purposes, electronically, but that risk os much lower in fact than the one I run on a daily basis of being mugged and robbed by criminals, on the streets of my home town, in broad daylight.

        Shit happens.

        Got to keep on living, sport.

        Bert

        March 9, 2017 at 6:06 pm

      • Samsung TVs run on a Linux based operating system (Tizen)… so much for “secure” 😀

        3L1t3 h4ck3r

        March 9, 2017 at 6:22 pm

      • Bert

        If current trends continue by 2 or 3 decades time, anything you know about yourself will be known by anyone curious enough to want to know. What your losing sight of is the bigger picture here.

        You see what did right here in this instance like you have with other things in your life and other people do do this in their lives is weigh up your time and effort Vs your liberty.

        Now if i was to say right now tell me all about you, everything single solitary thing you would naturally answer No and why, because you don’t know me from adam, you don’t know what i would do with that data because you cant quite legitimately trust me and rightly so.

        Well lets go say 2 decades now and all that info is out there for anyone curious enough to want to know. So are you going to change your original decision, do you trust me now or is it you have no choice but to trust me and hope for the best ?

        Did you see what happened there Bert, did you see how your free will to make a choice in that instance got completely eroded away from you ?

        Any sane and knowledgeable person knows you cant secure jack diddly so like you said you throw up as many doors as possible. The problem with that is eventually all those doors will be overcome so its never a matter of if but more so when.
        Now governments and businesses know this so i ask you why on earth is it a logical response to stop it if im the one holding the ball as so to speak. Why not let it continue, fill your head with a lot of crap about being secure and safe and wait to be able to take that choice away from you.

        No honest and switched on businessman or politician wants to offer you choice or more importantly liberty. They want you in their pockets taking there shite like a good little boy. Think about it as its just not happening in I.T land.

        doug

        March 9, 2017 at 6:38 pm

      • This is a link to the source code for a Samsung TV:

        http://opensource.samsung.com/opensource/15_DTV_NT14/seq/7

        It is a 746MB zip file 🙂

        Sammy

        March 9, 2017 at 10:43 pm

    • @doug

      Any country sophisticated enough to make thermonuclear weapons certainly has the money and expertise to mount hacking expeditions on any operating system. The thing is to try to make it as hard for such fishing expeditions to happen as possible. How many people using Windows have anti-virus software running? Pretty much all of them? How many Linux users have an anti-virus? Virtually none of them! To hack any computer involves getting past its security measures, like firewalls, and then either stealing information by uploading actual data from the computer, e.g., actual files or information culled from databases, or monitoring data flowing from one computer to another on a network, including the internet, or taking advantage of some quirk of an operating system, which happened recently with earlier Linux Kernels suffering from a code error called the ‘Dead Cow’ exploit, or by fooling the computer into allowing them to log on remotely as a root user, or by planting software which can then be run remotely, or by overwriting code in the firmware where is is occasionally possible… blah, blah, blah. There are lots of way to inveigle your way onto networks and into computers.

      Thing is all of these things are much harder to achieve on Linux boxes and when they are discovered are stamped on immediately by the Linux programmers. If you hack Microsoft/Apple/Android you only have to hack one user, try to hack Linux and you have to hack a community of independent and technically expert people.

      Is Linux 100% secure always? No. No software designed by human beings can promise such a thing but Linux is as watertight and secure as any operating system can be. Plus when it springs leaks once in a very long while they get plugged far more quickly than anything else out there at the moment. Intrusions won’t last for long on any regularly updated Linux machine.

      You hedge your bets.

      And my money is 100% on open source rather than commercial always.

      Bert

      March 9, 2017 at 1:39 pm

      • Plus Linux runs on pretty much anything, comes in all sorts of varieties, e.g., Linux Mint comes in four varieties (Mate, Cinnamon, KDE and Xfce) and comes at a price that absolutely cannot be beaten.

        £0.00!

        What’s not to like?

        Bert

        March 9, 2017 at 1:46 pm

      • Bert

        The money is on not putting your or allowing to, personal and or sensitive data on a electronic system that allows inputs besides key strokes (air gaped so no internet, no USB,etc). Even better is on paper and kept in a filing cabinet from where it originates and only sent via couriers vetted heavily to do so where and only where it is necessary to traffic such stuff. This rule applies to both you, i, businesses and government.

        Can you tell me Bert how many buildings have been broken into in the last year or five where personal and or sensitive paper files from a locked cabinet have occurred as opposed to electronic theft ?

        Cyber crime has risen for a reason as has the misuse of personal and or sensitive data that contravenes data protection laws and the computer misuse act.

        doug

        March 9, 2017 at 2:02 pm

      • Do Micro$oft still do “Patch Tuesday” – the monthly roll-out of “critical” updates 😀

        Fedora

        March 9, 2017 at 6:39 pm

    • I say again womens data has not been safe or private since 1988 when the NHS set up Open Exeter for the purpose of forcing us into having smear tests.Names addresses age do we practice safe sex? Date of last period…huge chunks of info. We weren’t asked if we minded or if we even wanted to be enrolled on the programme. We were just expected to be good little sheep

      katrehman

      March 9, 2017 at 2:09 pm

    • @3L1t3 h4ck3r

      Linux isn’t a static thing and is only secure if it is continually upgraded, patched and updated. The Linux used on computers is maintained like this, the Linux at the core of Android and other devices commonly isn’t.

      Bert

      March 9, 2017 at 10:04 pm

    • If you want to “secure your system”, doug, just use “private mode” in internet explorer. Simples 🙂 Not even MFI will be able to see what you are up to 😉

      The Silver Surfers

      March 11, 2017 at 12:58 pm

      • We’ve gone one further 🙂 We use ‘incognito mode’ in Google Chrome 😉

        The Secret Silver Surfers

        March 11, 2017 at 5:25 pm

  5. Andrew Coates

    March 8, 2017 at 12:52 pm

  6. Philip Hammond: ” My predecessors freeze on working-age benefits ends with immediate effect. I will also be making a special one-off payment to negate the effects of and reimburse and compensate for the hardship caused by this cruel, spiteful and unnecessary measure. Mr Deputy Speaker, the unemployed have suffered for far too long. Since the late Margaret Thatcher broke the link between unemploymentbenefits and earnings unemployment benefits have now dwindled to what is in effect a pittance. To remedy this iniquitous an patently unfair situation I therefore announce to the House that I propose to double the dole… and then some some; this will take place with immediate effect. Mr Deputy Speaker, the reduction of benefits payments, commonly know as sanctions are to quote the film-maker Ken Loach cruel, unjust and barbaric. I therefore propose to abolish all benefit sanctions with immediate effect. I will also be introducing emergency legislation to the House in order to recompense benefit claimants for the monies already deducted from their benefit payments. I commend this Budget to the House.”

    Budget News

    March 8, 2017 at 1:09 pm

    • A scholar and a gentleman!

      But, alas, the only news on welfare I could find was this,

      “Funding for a further 110 new free schools on top of the existing 500, including new specialist maths schools.”

      And this, less encouraging information, which may affect us (though litres of White Cider are not mentioned):

      Andrew Coates

      March 8, 2017 at 5:05 pm

  7. @ doug, this is on the other thread, but posted here on the off-chance you don’t see it 😉

    Now if the DWP had written “misbelieve”, misbelieve: to believe wrongly; hold an erroneous belief it would put a whole different spin on things, then that would be saying that ted was required to sign/fill in these forms by LAW.

    Lexy Con

    March 8, 2017 at 2:23 pm

    • and superted too 🙂

      Lexy Con

      March 8, 2017 at 2:24 pm

      • Lexy con

        And i answered it with what your saying isn’t relative in the slightest.

        I also left you some questions.

        doug

        March 8, 2017 at 8:34 pm

  8. £1.7 Billion to Social Care – Now the local Councils don`t have to put up Council Tax !!! But they will. Total £4 billion on Social Care Money Laundering Service.

    Stepping Razor Sound Plate System

    March 8, 2017 at 5:03 pm

  9. No DSS: Most flat shares refuse benefit claimants

    http://www.bbc.co.uk/news/uk-england-39102860

    Anyone drawing benefits know DSS welcome properties are like gold dust, well anyone but this government that is.
    Governments reply is very laughable as it is UC that has been the major cause of the massive drop in DSS welcome properties.
    Landlords biggest contentions is DWPs long delays on sorting out a persons benefits, DWPs ability to be able to sanction that housing benefit and of course the rent going to the claimant when it is sorted directly despite most claimants preferring the money for rent to go directly to the landlord.

    Even social housing has been at odds on how UC works in relation to rents and lets not forget the growing rent arrears caused by this poorly planned welfare reform.

    doug

    March 9, 2017 at 8:36 am

    • PETS Allowed – NO DSS Welcome

      Says it all in landlords faith of the new Universal Credit System.

      doug

      March 9, 2017 at 8:41 am

    • Benefits are no longer guaranteed as they once were. but many still think they are, as we know.

      enigma

      March 9, 2017 at 11:33 am

    • Negative perception,Ian Duncan Smith,Mark Hoban rampage of propaganda against people on state benefits portrayed the unemployed worthless for other then hate fodder.People who were hoping to find jobs dragged into the toxic world of the DWP employment ministers.Combined With Universal Credits Failings makes for an unattractive situation .

      The Tories have failed.The DWP isn’t fit for the purpose its riddled with inadequacy incompetence and total lack of staffing skills training its inability to create nothing more then negative headline grab all funded by the Taxpayer.

      ken

      March 9, 2017 at 5:41 pm

      • Ken

        You flatter yourself if you think the people are noticed let alone the unemployed.

        Like i said in one of my previous posts. That take the great depression, treat its effects as an elastic band and stretch it and hey presto, you have the entire Tory plan on the topic.

        Even the IFS agrees with me that government will have no choice eventually but to raise taxes as even though this government sort of re-balanced the QE problem, they still cant get around the overall debt problem (as in personal and national) while running a country.

        doug

        March 9, 2017 at 7:00 pm

  10. Rents are ‘out of step’ with incomes, housing body warns

    https://www.theguardian.com/society/2017/mar/09/rents-are-out-of-step-with-incomes-housing-body-warns

    See, this is precisely what i meant when i said the wage rise and tax allowance rise mean absolutely nothing when you factor in rising costs.

    For example if you pay rent of £100 a week and rents do rise by 20% of the next five years that the 21p gain i spoke of for a 37 hour week on housing rent rises alone just plummeted by 52%.

    doug

    March 9, 2017 at 11:40 am

    • My rent has been the same since 2010. but I know it will rise one day soon.

      enigma

      March 9, 2017 at 11:56 am

    • You flatter yourself if you think the people are noticed let alone the unemployed.

      Doug, the levels of hostility shown to me and no doubt others once from people that said hello is horrendous.seen as someone in the way.

      There are extremely dangerous divisive people behind this.Its driven a culture of bitterness, jealousy and self interest the consequences doesn’t matter.Excuses used for cuts.

      They’ve brought upon themselves.

      ken

      March 10, 2017 at 12:58 am

  11. doug

    March 9, 2017 at 11:43 am

    • He didn’t forget the rise of NI for the self employed though

      enigma

      March 9, 2017 at 11:55 am

      • Enigma

        Government can call it what they want but this and the PAYE structure is a go around the houses approach to raising the rate of taxes without raising the taxes if you get what i mean.

        Basically you have to start with PAYE. Even though it appears there giving you more, actually their taking it all back in various forms of taxes when you spread it out across the board. The only real way to make here is if you earn enough money in the first place to just sit on it or put it in an ISA say but even then their still gaining more income tax as opposed to the previous tax year. Same crap they did last year.

        No political party wants to be known for or seen raising tax levels so taking into account self employed, their pulling the same trick they have on the unemployed, the ill, the disabled. Because its such a small group their hoping it wont swing the majority of votes since most are still PAYE. By stating crap like its only fair they pay what PAYE pay, they keep the main pack quiet or at least that’s their plan and hope. So just like how they claimed the unemployed shouldn’t live better than the tax payer, their saying self employed shouldn’t enjoy the same luxury of things like an equal pension as PAYE do.

        Do you see the trick or should i say tricks.

        As usual its just another assault on a class of worker now leading up to middle class just like we all projected would happen as their policy’s are doomed to be effectual if they cant obtain more cash without actually announcing a hike in taxes overall. Just like the changing of official measurements, the housing bubble propping the GDP and leading to a housing crisis, driving the NHS and social care into crisis, cutting policing, prison funding,etc,etc,etc, they engineered the lot to cascade from one to the other.

        To put it another way

        THE END JUSTIFIES THE MEANS.

        doug

        March 9, 2017 at 1:48 pm

      • This is why all the public must stop falling for and playing the Tory divisive game.

        I don’t care if your British or European or from elsewhere, i don’t care if your unemployed or working, well or ill, black or white,etc as if we don’t all come together and put aside our differences we cannot stop this self serving agenda driven government from taking us all to a place we really don’t want to go.

        doug

        March 9, 2017 at 1:52 pm

      • Unjustified changes that will hit women and parents hardest: British workers react to Philip Hammond’s budget
        Do ordinary people feel the Budget is going to make things better for them or worse?

        http://www.independent.co.uk/news/uk/home-news/budget-2017-reaction-uk-self-employed-single-mother-pensioner-small-business-owner-a7618571.html

        Andrew Coates

        March 9, 2017 at 2:59 pm

  12. I’m 82 and MPs need to hear my views on this devastating housing benefit cap

    https://www.theguardian.com/housing-network/2017/mar/09/tenant-cope-leave-sheltered-home-housing-benefit-camp

    Hmmm, i thought this government said it would protect pensioners. Oh silly me, they meant protect their money not their lives while living.

    doug

    March 9, 2017 at 11:47 am

    • You are 82?! Seriously, doug?! Who would have thought 😉 Why aren’t you retired, on a pension, or summat, lad? Don’t you think it is time you put your feet up?

      Yorkshire Dales

      March 9, 2017 at 2:52 pm

    • On Heir Hunters (BBC1 daytime 😀 ) there was the case of an 83-year-old guy (so one year older than doug 😀 ) who had passed away in a flat in Paddington, London worth £400,000. They found £220,000 tucked away in a Nationwide account, and another £340,000 stashed in a NatWest account. He has served 25 years with the Post Office. He had held on to his older TVs, so he had, a newer, not that big LCD one, a two cathode ray ones in his living room – bet we all miss our cathode-ray TVs. It said he led a “humble lifestyle”. Just because someone is elderly/a pensioner you can’t assume they are skint even though they’re sat is in sub-zero temperatures, and live off of value custard creams and sweet tea.

      OAP

      March 9, 2017 at 3:05 pm

      • To many to name

        Sadly people you haven’t found wheres wally.

        Anyway im afraid every pensioner having stashes of cash just is not true. Theres plenty millions of old people who couldn’t afford a private pension so this slopping off into the night scenario leaving in excess of half a million wont be coming around to often but i suppose there’s no harm in letting you dream if it helps you to sleep at night.

        doug

        March 9, 2017 at 6:53 pm

  13. Andrew Coates

    March 9, 2017 at 3:12 pm

    • Andrew Coates

      March 9, 2017 at 4:05 pm

    • George Osborne to be paid £650,000 for working one day a week

      Former chancellor declares six-figure salary for job with US fund manager BlackRock, for whom he will work 48 days a year

      George Osborne has declared a salary of £650,000 a year for working just four days a month at BlackRock, the world’s biggest fund management firm, as well as almost £800,000 for speeches to financiers.

      The former chancellor’s earnings were revealed in the latest register of MPs’ interests, which shows that he will make more than eight times his salary as a backbencher as an adviser to the Wall Street firm.

      https://www.theguardian.com/politics/2017/mar/08/george-osborne-to-be-paid-650000-for-working-one-day-a-week-blackrock-salary

      The Guardian

      March 9, 2017 at 5:32 pm

      • Greedy toffee nosed terd.

        Marie

        March 9, 2017 at 6:55 pm

      • Not to mention that the greedy, toffee-nosed or is that coke-nosed terd has trousered £800,000 of the Queen’s Gold Sovereigns for speeches he has given since he was kicked out of the Treasury.

        Anyway, this is a non-job, a job for a Bullingdon Boy, a favour for the favours he has done for the banker back when he was cooking the nation’s books. Who is their right mind would pay anyone, never mind George Osborne £650,000 a year for “advice on the global economy” for crying out loud! It’s not like there are gazillions of websites out there with “advice on the global economy” for free, what does George Osborne know that would be worth ponying up £650,000 for, pull the other one, me old china!

        The Bullingdon Boys

        March 9, 2017 at 8:21 pm

      • George will probably just read zero hedge, infowars, davidicke and all that shite, and tell Blackrock that we are headed to Armageddon and to BUY GOLD – PHYSICAL gold 😀 Ted Midas can put aside some gold eagles for you 😀

        Ted Midas

        March 10, 2017 at 1:31 am

      • Don’t forget to stock up on guns, bullets, barbed wire and beans! And Ted, put some of ’em gold eagles aside for me 😉

        **POLICE STATE 101 – TOTAL GLOBAL ENSLAVEMENT!! OWN IT NOW ON HIGH-QUALITY DVD**

        Alex Jones

        March 10, 2017 at 1:36 am

      • Ted Midas – Alex Jones

        Your humor isn’t as far fetched as you may think as conservatives and im not just talking the UK but globally have banked their whole survival/rescue plan on globalization. With such a concept fast disappearing in the eyes of the global public in terms of being supportive to the idea and the rise of populism, they are to say the least desperate to keep their ideology alive at any cost.

        Whether you like the infowars/breitbart/drudge thing it wouldn’t surprise me if Osborne used such as a means to incite panic as already such alternate media apparently was solely responsible for getting Trump elected with the aid of the Russians of course according to conservative/democrats and a few republicans.

        I have to find that amusing as they were mocked for decades as tin hat wearers yet now are the evil demi gods who toppled America according to the elite.

        As for buy gold, that ship has long sailed since.

        http://www.hl.co.uk/news/2017/2/3/demand-for-gold-hits-four-year-high-after-brexit-and-trump-votes

        http://www.cnbc.com/2016/05/11/gold-demand-is-off-to-its-fastest-start-ever-in-2016.html.

        doug

        March 10, 2017 at 7:32 am

      • Gold is currently trading at under $1200 an ounce, it was almost $2000 at the peak when Ted Midas/Alex Jones were offloading their over-priced gold coins.

        Gold Bug

        March 10, 2017 at 9:23 am

      • That was when “gold was going to go to the moon remember” 😀 Ted Midas/Alex Jones just laugh in your face and say: “Well, not bad for something that was once $400 an ounce” (like when they stocked up). Buy low – sell high.

        Gold Bug

        March 10, 2017 at 9:25 am

      • The “spot price” is currently $1144.70 an hours. It has been languishing at sub-$1200 for ages. “Demand” lol More like vested interests trying to manipulate the price 😉

        Gold Bug

        March 10, 2017 at 9:30 am

  14. Victor’s wonga unearthed at 33:10

    iplayer

    March 9, 2017 at 3:23 pm

  15. …….

    ertyu

    March 9, 2017 at 3:33 pm

  16. Peoples benefits are supposed rise in line with inflation.

    https://www.theguardian.com/business/2017/mar/07/food-inflation-doubles-uk-shoppers-feel-pinch

    https://www.theguardian.com/commentisfree/2017/mar/08/food-inflation-growth-vicky-pryce

    https://www.theguardian.com/commentisfree/2017/mar/08/food-inflation-growth-vicky-pryce

    Meanwhile

    Philip Hammond vows UK will fight back if it gets bad Brexit deal

    Chancellor tells EU that Britain won’t ‘slink off like a wounded animal’ if no trade agreement is struck during article 50 talks

    https://www.theguardian.com/politics/2017/mar/05/philip-hammond-vows-uk-will-fight-back-if-it-gets-bad-brexit-deal-article-50

    The EU didn’t have to lift a finger its self inflicted.What he forgets to mention is foreign ownership when state assets went up for sale where was the main interest then.

    ken

    March 9, 2017 at 6:08 pm

    • Ken

      like it. How exactly is Boris ‘the Brain’/Witch May/Hammond the Nutter going to strike back? Start a Trade War perhaps? With who? EU will not trade with UK if barriers come up, so how do they plan to strike back? Oh, I forgot over 40% food comes from overseas so we can have a trade war where we’ll threaten to starve ourselves – lets all hope its a short one like 2 weeks…

      Plus, walking away from any debts means endless problems as I suspect the money markets/other Govs will take note and hike up/demand front payments after that – who would trust the UK Gov to honours it word after that?

      Once again a Ministry of Alternative Facts has struck for truth, justice and taking back control

      Gazza

      March 9, 2017 at 8:20 pm

  17. Just seen on welfare weekly that MPS will b allowed to carry on helping claimants without the e permission but advice workers ect might still need it….

    katrehman

    March 9, 2017 at 6:18 pm

    • Katrehman

      Knew that one would swing back as there’s no legal or logical argument to have for changing it.

      doug

      March 9, 2017 at 6:44 pm

  18. E.ON price rise branded ‘monstrous’ as users face £97 a year extra

    Electricity and gas supplier blames increase, which affects 2.5 million people, on rising cost of government policies

    https://www.theguardian.com/business/2017/mar/07/eon-customers-to-pay-extra-97-a-year-after-88-price-rise

    http://www.bbc.co.uk/news/business-38852517

    We’ve seen what happens when the majority are affected.

    ken

    March 10, 2017 at 1:07 am

    • Ken

      Thanks as you just made the 21p that i demonstrated fell by 52% on a rent rise just fell further to 76% on your article.

      See how this oh my gosh im a whole 21p an hour better off just flopped to around 5p an hour for a 73 hour week at £7.50 a hour.
      See how when other costs raise that this becomes a negative.

      doug

      March 10, 2017 at 7:01 am

  19. […] Budget’s Expected Impact on Welfare. […]


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