The impact of George Osborne's emergency budget on the poor has been revealed in a study that finds the country's least well-off families face cuts equivalent to 21.7% of their household income. That means they will be hit six times harder than the very richest by the coalition's deficit-cutting measures.A bit of one here from William Keegan if you bought into the Government's 'record deficit' guff:
The Treasury view seems to have been brought back into circulation by Osborne. Most people accept that it was misguided in the early 1930s, when, at the time Neville Chamberlain introduced his deflationary budget of 1932, the national debt amounted to 177% of gross domestic product and debt interest was absorbing as much as 40% of public expenditure. By comparison, the latest Red Book puts debt at 61.9% of GDP in 2010-11 and debt interest at 6.3% of total public expenditure. Yet the way that Osborne goes on about it, you would think things were more like the 1930s.A bloody great one here, especially if you expected to be annoyingly smug about being in Greece (and it is about to start raining again):
As Britain enjoys a sporting and cultural weekend that will linger in the memory, temperatures are set to eclipse those in Greece today as the country basks in a heatwave.As for this, totally predictable, even the false hope and the goal that wasn't.
England, for all the exertion, had been a markedly inferior team.