Poor getting poorer?

DAVID Cameron promised to make work pay, yet figures released by the Joseph Rowntree foundation reveal record levels of poverty amongst working people, whose wages have fallen by eight per cent since 2009. Conversely Cameron’s friends in the city are collecting bonuses worth four times their annual salary, as he believes that the rich will only work if you pay them more, and the poor will only work if you pay them less. Vince Cable has rightly cast doubt over the strength of the economy, calling it the wrong sort of recovery, built on low interest rates and wages, consumer spending, with record levels of personal and government debt. The coalition has now borrowed twice that of the last Labour government. Osborne is quietly pumping £50 billion a year into the economy via quantitative easing. He has failed to deliver an export led recovery, despite a 25 per cent devaluation of sterling. UK productivity is the same as Italy, behind France, Germany and USA. As for paying off deficit, that’s another failure. The governor of the Bank England’s reluctances to raise interest rates exposes the fragility of the economy, with a third of mortgage debt held by households who have borrowed more than four times their income. The US sub-prime mortgage crisis and its British equivalent were built on encouraging mass home purchasing in inflated markets, the UK has clearly learned nothing from the global crash.

Councillor Nigel Dix Montclaire Avenue

Comments (10)

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5:14pm Mon 17 Feb 14

welshmen says...

If this Government want to help the British people of this Country, just give every British Bred person £ 10,000 each....QE just puts more interest on our massive National debt, never ending debt....Labours legacy for our Future....
If this Government want to help the British people of this Country, just give every British Bred person £ 10,000 each....QE just puts more interest on our massive National debt, never ending debt....Labours legacy for our Future.... welshmen

7:35pm Mon 17 Feb 14

Mervyn James says...

Which our caring and useless bankers added to three fold and **** near destroyed the country with their gambling, and corporate frauds did their best too. Neither were punished and they still reward failure. Bankers also encouraged debt by giving those clearly unable to pay anything back, then, the tories blamed them for taking it. Years ago you had to prove you could pay or got nothing, today, no one pays back anything but interest, and loan sharks thrive on our streets doing exactly what the bankers did, loan to those who are not going to pay them back, and go from one loan shark to another, utter madness. No job no loan, it was pretty simple in the past.
Which our caring and useless bankers added to three fold and **** near destroyed the country with their gambling, and corporate frauds did their best too. Neither were punished and they still reward failure. Bankers also encouraged debt by giving those clearly unable to pay anything back, then, the tories blamed them for taking it. Years ago you had to prove you could pay or got nothing, today, no one pays back anything but interest, and loan sharks thrive on our streets doing exactly what the bankers did, loan to those who are not going to pay them back, and go from one loan shark to another, utter madness. No job no loan, it was pretty simple in the past. Mervyn James

7:44pm Mon 17 Feb 14

scraptheWAG says...

welshmen wrote:
If this Government want to help the British people of this Country, just give every British Bred person £ 10,000 each....QE just puts more interest on our massive National debt, never ending debt....Labours legacy for our Future....
labours decade of debt
[quote][p][bold]welshmen[/bold] wrote: If this Government want to help the British people of this Country, just give every British Bred person £ 10,000 each....QE just puts more interest on our massive National debt, never ending debt....Labours legacy for our Future....[/p][/quote]labours decade of debt scraptheWAG

9:15pm Mon 17 Feb 14

scraptheWAG says...

labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits
labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits scraptheWAG

11:11pm Mon 17 Feb 14

Mr Angry says...

scraptheWAG wrote:
labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits
Define benefit scrounged or dependant
[quote][p][bold]scraptheWAG[/bold] wrote: labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits[/p][/quote]Define benefit scrounged or dependant Mr Angry

7:29am Tue 18 Feb 14

BobEvams2014 says...

It is imperative the the living standards of those at the top are preserved. Hard working Bankers CEO's etc. if this means the lowering of standards for tose lazy workers at the bottom - who are a the bottom for a purpose, then so be it.

The Living standards for those at the top must be preserved at ALL costs
It is imperative the the living standards of those at the top are preserved. Hard working Bankers CEO's etc. if this means the lowering of standards for tose lazy workers at the bottom - who are a the bottom for a purpose, then so be it. The Living standards for those at the top must be preserved at ALL costs BobEvams2014

9:33am Tue 18 Feb 14

Llanmartinangel says...

Mr Angry wrote:
scraptheWAG wrote:
labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits
Define benefit scrounged or dependant
Definitions are difficult I agree. Define 'poor'.
[quote][p][bold]Mr Angry[/bold] wrote: [quote][p][bold]scraptheWAG[/bold] wrote: labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits[/p][/quote]Define benefit scrounged or dependant[/p][/quote]Definitions are difficult I agree. Define 'poor'. Llanmartinangel

10:30am Tue 18 Feb 14

Mr Angry says...

Llanmartinangel wrote:
Mr Angry wrote:
scraptheWAG wrote: labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits
Define benefit scrounged or dependant
Definitions are difficult I agree. Define 'poor'.
STW keeps making sweeping statements about benefit scroungers, Im challenging him to qualify that statement. For example the 650 people who aregoing to loose their jobs in Rogerstone, does he mean them, or Someone working 40hrs a week for minimum wage who claims Tax credits, is it them, or everyone who claims child benefit ?
[quote][p][bold]Llanmartinangel[/bold] wrote: [quote][p][bold]Mr Angry[/bold] wrote: [quote][p][bold]scraptheWAG[/bold] wrote: labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits[/p][/quote]Define benefit scrounged or dependant[/p][/quote]Definitions are difficult I agree. Define 'poor'.[/p][/quote]STW keeps making sweeping statements about benefit scroungers, Im challenging him to qualify that statement. For example the 650 people who aregoing to loose their jobs in Rogerstone, does he mean them, or Someone working 40hrs a week for minimum wage who claims Tax credits, is it them, or everyone who claims child benefit ? Mr Angry

10:51am Tue 18 Feb 14

Mr Angry says...

Llanmartinangel wrote:
Mr Angry wrote:
scraptheWAG wrote: labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits
Define benefit scrounged or dependant
Definitions are difficult I agree. Define 'poor'.
I'm not going to get side tracked by the likes of you, my issue here is what STW, keeps repeating. I will not respond to any further interventions from you, despite your attempts to descredit me, and support your fellow right wing poster.
[quote][p][bold]Llanmartinangel[/bold] wrote: [quote][p][bold]Mr Angry[/bold] wrote: [quote][p][bold]scraptheWAG[/bold] wrote: labours shameful legacy of debt, benefit dependency and idleness trapping millions on benefits[/p][/quote]Define benefit scrounged or dependant[/p][/quote]Definitions are difficult I agree. Define 'poor'.[/p][/quote]I'm not going to get side tracked by the likes of you, my issue here is what STW, keeps repeating. I will not respond to any further interventions from you, despite your attempts to descredit me, and support your fellow right wing poster. Mr Angry

10:21pm Wed 19 Feb 14

pwlldu says...

Benefits claiments are the easy target. What about the MP's expences scandals, the bankers shame both cost the government more than the people on benefits. The money spent on the two wars britain was involved would have provided millions with jobs but its the rich that makes the weapons to fight the wars.
Benefits claiments are the easy target. What about the MP's expences scandals, the bankers shame both cost the government more than the people on benefits. The money spent on the two wars britain was involved would have provided millions with jobs but its the rich that makes the weapons to fight the wars. pwlldu

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