Home > Business, International > UK Budget- public service feels the pinch

UK Budget- public service feels the pinch

Spending on public services going down again. This is the first . It is the first time that six years of consecutive spending cuts will have been endured, the respected Institute for Fiscal Studies (IFS) said. Some government departments may see budgets slashed by a third, it added.

I was reading a story about a mother out of work who has been struggling for the last few years, now she has to contend with less housing allowance, more vat and so on. Who knows how she will survive.

  • VAT increase
  • Public sector pay freeze
  • Child benefit frozen
  • Housing benefit cuts
  • Disability Living Allowance cuts
  • Tax cut for lowest paid
  • Two year council tax freeze
  • Capital Gains Tax increased
  • Bank levy
  • NI tax holiday for job creation outside South-East of England
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Categories: Business, International
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