Posted: January 12, 2013 by rainbowwarriorlizzie in Uncategorized

Mike Sivier's blog

UKclosedI can’t say for sure that you saw it here first, but I’ll state it plainly: The government’s below-inflation benefits increase, coupled with the changes it is already bringing in, will break Britain’s economy altogether.

Companies up and down the UK will go out of business and nobody will take over from them. The cuts mean £40 billion will be removed from the economy this year – and, with no coherent plan to invest in jobs and growth, this means trouble for everyone. Even the fat cats who think they’re insulated.

I have covered the evidence in my previous few articles. The fact is that the working poor and those on benefits underpin the British economy. Without them, it cannot function. They spend most, if not all, of the money they receive, rather than seeding it away in banks or foreign tax havens, like the big businesspeople…

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