Anger has rightly resurfaced on bankers’ bonuses in a week when two of the US banks with a significant presence in the UK announced they would be paying bonuses to their staff of over $30 billion for 2010. UK banks are estimated to be making £7 billion in bonus payments for 2010 when they are [...]
The rise in VAT to 20% is part of the coalition’s plans to make us pay for cost of their crisis. It is part of a package of cuts and tax increases worth £111 billion pounds a year that will be borne by the less well-off section of society to meet the cost of the [...]
1. European Union (EU) Debt Crisis The bailout of Greece and Portugal in 2001 put strains on the whole Euro system. A single currency with competing national capitals and a diverse range of economies is unsustainable. Portugal is unlikely to survive beyond the first half of 2010 without a bailout. Spain is the big one [...]
