UK News

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from The Great Debate UK:

Is it safe to make cuts in the current economic climate?



-Ian Ellis is executive chairman of Telereal Trillium. The opinions expressed are his own. Join Reuters for a live discussion with guests as Chancellor George Osborne makes  an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

The government is clear that reducing the public sector budget deficit is top priority and Tuesday’s budget will give us our first real indication of how and where public spending cuts are going to occur.

While there’s a consensus about the need to reduce debt, opinion is greatly divided over whether it’s safe to make these cuts in the current economic climate, with some commentators suggesting that deep cuts could bring about dangerous consequences such as job losses, damage to frontline services and even the possibility of a double-dip recession.

The dilemma is clear – how can wide-ranging cuts be made without hurting frontline services or the economy as a whole, without making redundancies and without causing public outrage?

MPs and the property market: an uneasy pairing


BRITAIN-ELECTION/Would you have an MP for a tenant? Not so long ago, those two letters placed after a person’s name were seen as a mark of respectability, but the unending drama of the expenses scandal has blown all that away.

New rules, brought in after revelations last year about MPs “flipping” their main and second homes to maximise allowances, stipulate that MPs can no longer buy second homes and claim mortgage payments on expenses. If they wish to claim expenses related to a second home, they will have to be content with renting one.