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walkerscott
Joined: 13/08/2009
Posts: 901
Message Posted:
28/02/2012 18:59 | | Join or Login to Reply | Message 1 of 7 in Discussion |
| David Smith, Economics Editor of The Sunday Times, highlighted the reality of what the people of Greece are facing if their government's austerity measures are fully implemented. It made for depressing listening. A taster: If Britain were Greece …
VAT would got up to 24%, we’d pay a “solidarity” levy of up to 5% of income, and new taxes on property. Alcohol and tobacco duties would go up by a third and we’d pay roughly £2 a litre for petrol and diesel: £120 to fill the tank of a family saloon. Anybody with a yacht or luxury car would pay extra tax on it.
People with a state or public sector pension above £800 a month would see it cut by 20%. Anybody with a pension above that level who had retired before the age of 55 would see it cut by 40%. Early retirement would become a thing of the past. The equivalent of Greece’s retirement age increase in Britain would be a rise in the state pension age to well over 70. All state benefits would be cut for years and be strictly means-tested! |
Groucho
Joined: 26/04/2008
Posts: 7993
Message Posted:
28/02/2012 21:29 | | Join or Login to Reply | Message 2 of 7 in Discussion |
| The problem with increasing the pension age is it that it guarantees youth unemployment and we all know where that leads...
The austerity measures have not started to bite yet in any real sense, there is a lot more pain to come. |
newlad
Joined: 02/03/2008
Posts: 7819
Message Posted:
28/02/2012 21:49 | | Join or Login to Reply | Message 3 of 7 in Discussion |
| And elections in April,
Paul. |
Lambousa Gordon
Joined: 03/11/2007
Posts: 1992
Message Posted:
28/02/2012 22:50 | | Join or Login to Reply | Message 4 of 7 in Discussion |
| Because we all wished ourselves sparkles and love and hugs and never-ending joy...
Because wishes do come true...
As long as we wish for them... |
rowlo
Joined: 12/10/2008
Posts: 4796
Message Posted:
28/02/2012 22:56 | | Join or Login to Reply | Message 5 of 7 in Discussion |
| but we are not greece , lets not forget they lied about everything , they're economy is as stable as a 3 legged race horse |
Lambousa Gordon
Joined: 03/11/2007
Posts: 1992
Message Posted:
28/02/2012 23:00 | | Join or Login to Reply | Message 6 of 7 in Discussion |
| ... and to get Greece into the Euro so did Germany.
Don't forget that Rowlo. |
englishman
Joined: 25/02/2012
Posts: 34
Message Posted:
28/02/2012 23:51 | | Join or Login to Reply | Message 7 of 7 in Discussion |
| Bail out money to the greeks WHY!IF WE CAN NOT PAY OUR BILLS WE LOSS OUR HOUSE CAR EVERYTHING! |
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