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Britain faces decade of austerity, influential think tanks warn
Posted By adans On June 7, 2013 @ 10:34 am In Tile,World News | Comments Disabled
June 7, 2013
In a joint study, the Institute for Fiscal Studies and the Institute for Government warned that a further 250,000 civil servants may lose their jobs because of sluggish economic growth.
They said that both the 2015 and 2020 General Elections are likely to be fought on grounds of austerity, and that the situation could worsen with the decline of North Sea oil and the rising costs of healthcare.
Carl Emmerson, the Deputy Director of the IFS, said that one of the first actions of whoever is chancellor after the next election in 2015 may be to put up taxes.
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URLs in this post:
 telegraph.co.uk: http://www.telegraph.co.uk/news/politics/spending-review/10106288/Britain-faces-decade-of-austerity-influential-think-tanks-warn.html
 Read more: http://www.telegraph.co.uk/news/politics/spending-review/10106288/Britain-faces-decade-of-austerity-influential-think-tanks-warn.html
 Europe Faces Accelerating Riots & Austerity Unrest in 2011: http://www.prisonplanet.com/europe-faces-accelerating-riots-austerity-unrest-in-2011.html
 Britain joins Greece in protests against austerity: http://www.prisonplanet.com/britain-joins-greece-in-protests-against-austerity.html
 Italy votes against austerity leaving EU in turmoil: http://www.prisonplanet.com/italy-votes-against-austerity-leaving-eu-in-turmoil.html
 Austerity Riots Rage as Greece Faces Debt Default: http://www.prisonplanet.com/austerity-riots-rage-as-greece-faces-debt-default.html
 US Needs Austerity Too: Hedge Fund Strategist: http://www.prisonplanet.com/us-needs-austerity-too-hedge-fund-strategist.html
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